Oil and Gas
Top stories
Oando Plc, Nigeria’s leading indigenous energy company, has reaffirmed its ambition to achieve daily production of 100,000 barrels of oil and 1.5 billion cubic feet (Bcf) of gas by the end of 2029, according to a company statement.
Brazilian oil giant, Petrobras, is refocusing its global exploration efforts, with Africa emerging as its main frontier outside Brazil, following new strategic moves across the continent.
SBM Offshore has begun the process of exiting Equatorial Guinea following the sale of its equity interest in the $300 million Aseng floating production, storage and offloading (FPSO) unit.
Nigeria’s leading indigenous oil company Oando Plc says its upstream subsidiary, Oando Oil Ltd., has successfully increased its reserve-based lending (RBL2) facility in the African Export-Import Bank (Afreximbank) to $375 million.
The East African Crude Oil Pipeline (EACOP) project has reached 60% completion, a major milestone for the multibillion dollar initiative aimed at boosting oil transport and regional infrastructure in East Africa.
Tullow Oil Plc, alongside Kosmos Energy, PetroSA, Ghana National Petroleum Corporation (GNPC), and its subsidiary Explorco, has reached a new deal with the government of Ghana to extend the West Cape Three Points (WCTP) and Deep Water Tano (DWT) oil licenses until 2040.
The Ghanaian Parliament has passed the controversial Energy Sector Levy Amendment Bill, 2025, introducing a GHC1 (~$0.098) levy on every litre of fuel purchased by citizens. The bill received parliamentary approval on Tuesday following a heated debate that led to a walkout by members of the Minority Caucus. The new measure is expected to generate…
Saudi oil and gas drilling contractor ADES Holding has signed a $34.4 million agreement with Addax Petroleum, a subsidiary of Sinopec Group, to commence drilling operations in the Gulf of Guinea, offshore Cameroon.
Major fuel marketers in Ghana such as GOIL, Shell, and StarOil, have announced reductions in the pump prices of various petroleum products following recent gains in the local currency, the cedi.
As part of its monthly review, the South African government has today announced the revised fuel prices for June, effective Wednesday morning.
East African country, Uganda has imported 35 million litres of petroleum products through Tanzania following recent disruptions along the Kenyan supply route
This shift is helping the country move closer to its goal of boosting oil output by an additional one million barrels per day (bpd) next year.
The North African nations of Egypt and Algeria recorded the largest declines in liquefied natural gas (LNG) exports in 2024, according to the latest report from the International Gas Union (IGU).
Australian oil and gas company, Woodside Energy, has initiated international arbitration proceedings against the Senegalese government over a tax related disagreement tied to the Sangomar oil field.
As South Africa looks to diversify its energy mix and ease its dependence on coal, it has turned to the United States for a potential long-term liquefied natural gas (LNG) import agreement.
OPEC’s position has always been to protect the interest of all of its members, particularly the smaller producers. But all that are now in the past.
Italian oil and gas company, Eni SpA, isexpanding its clean energy ambitions in West Africa by targeting the use of rubber and oil seed crops as feed stock for bio fuel production in Côte d’Ivoire.
West African country, Ghana, burned off natural gas worth around $170 million in 2024, according to a new report by the Public Interest and Accountability Committee (PIAC).
Nigeria’s Dangote oil refinery is set to import at least five million barrels of U.S. West Texas Intermediate (WTI) crude oil in July, according to three trading sources cited by Reuters.
As of May 2019, Nigeria’s deepwater oil sector holds 13 billion barrels of reserves and contributes over 40% of the country’s total daily oil production.