Oil and Gas
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Africa’s leading gas producer, Egypt, is roaring back to life after a period of decline. But this recovery is not without intentionality. Renewed investments from global energy giants are driving this trend.
The recent diplomatic row between Nigeria and the United States has left Nigeria’s economy hanging in the balance. While crude oil production may offer a lifeline, it may not be enough if the situation gets out of hand.
Nigeria’s oil and gas sector may appear difficult to unravel most of the time. However, a casual, friendly conversation with a friend and seasoned colleague in the space can help bring an insightful perspective to the industry.
Yinson Production, the offshore unit of Yinson Holdings, said it plans to expand its operations into Namibia as well as an initial public offering within the next three to five years.
Olu Verheijen has said the government expects two major final investment decisions (FDI) over the next year as the country’s oil and gas industry continues to witness significant investor interests.
East African country, Mozambique, has started producing its first locally made liquefied petroleum gas (LPG), popularly known as cooking gas.
TotalEnergies chief executive Patrick Pouyanne confirmed that its long-delayed $15 billion LNG project in Mozambique, now being prepped for restart, can be delivered by 2029 once the local government grants its new approvals.
Nigeria’s state-owned energy company NNPC Limited said it is working towards increasing its stake in the Dangote Petroleum Refinery to 20% from the current 7.2%.
Following the sanction from Western nations on Russia, Lukoil, a key energy firm in Kremlin, is restructuring its assets in Africa. This divestment will affect a lot of Africa nations where the company previously operated.
The Nigerian government’s recent introduction of a 15% import duty on petrol and diesel runs counter to sound economic logic and could trigger inflation across all sectors of an already fragile economy.
The lifting of the force majeure on TotalEnergies LNG project in Mozambique comes at a time of geopolitical shift, particularly with Donald Trump at the helm of affair in the White House.
The federal government of Nigeria is set to introduce a 15% tariff on the importation of Premium Motor Spirit (PMS), commonly known as petrol, as well as diesel, according to a new report.
Lukoil, Russia’s second-largest oil producer, is currently in the process of selling off its African assets in response to newly imposed Western sanctions.
The recent shutdown of Nestoil in Nigeria exposes a deeper debt crisis in the nation’s oil and gas sector. With rising rates and growing risks, oil firms remain trapped in a cycle of debt.
The lifting of TotalEnergies’ force majeure on Mozambique’s $20 billion LNG project marks a turning point for the country’s energy sector. But much has changed since the suspension was first imposed in 2021.
Kenya intends to establish a sovereign wealth fund for revenue from minerals and petroleum to cushion the economy against downturns and preserve wealth for future generations.
Nigeria’s newest and largest oil and gas free trade zone, the Liberty Free Trade Zone (LFTZ), is increasingly drawing energy developers and industrial investors, with billions of dollars in commitments.
After selling its onshore assets for about $2.4 billion, Shell is strengthening its focus on offshore exploration in Nigeria — taking the lead among international oil companies like Total and Exxon in reaffirming their commitment to the country.
Nigeria has launched a major initiative to train over 10,000 young graduates and technicians in top oil and gas skills, aiming to bridge critical workforce gaps and prepare the next generation for emerging energy projects.
The mega Dangote refinery says it will leverage on the “Nigeria First” policies by the federal government to process every crude oil produced in the country as it plans to expand its capacity.