Oil and Gas
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India’s leading oil refiner, Indian Oil Corporation (IOC), is set to receive 3 million barrels of crude oil from Nigeria this month, signaling a strategic energy pivot toward Africa amid declining Russian oil imports.
The Ghanaian government has re-echoed its commitment to a comprehensive decade-long plan to construct three new oil refineries, five petrochemical plants, and ten tank farms, in what is seen as a major shift in the nation’s hailing energy sector in years.
South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, has unveiled a new Black Economic Empowerment (BEE) framework aimed at reshaping the country’s oil and gas exploration landscape to ensure equitable wealth distribution.
Oil producing nations in Central Africa are likely to receive less than $500 million from foreign exchange reserves tied to environmental restoration funds, significantly lower than the billions of dollars expected, oil industry sources familiar with matter informed Reuters.
TotalEnergies has commenced public consultations in Windhoek, Namibia, as part of the Environmental and Social Impact Assessment (ESIA) for its proposed offshore Venus oil project in the Orange Basin.
Energy firm Gulf Energy has confirmed its readiness to purchase the complete assets of Tullow oil in East African country of Kenya in a $120 million deal.
Morocco is set to begin the tendering process for Phase 1 of its liquefied natural gas (LNG) terminal project near the eastern Mediterranean city of Nador
French oil major, TotalEnergies, has announced a substantial investment of $500 million to enhance exploration and production activities in the Republic of Congo’s offshore Moho Nord field.
African countries have gradually removed subsidies on advice from IMF and World Bank.
Multinational energy firms, including Chevron and Shell, have exited their exploration concessions in Egypt’s Red Sea region after failing to make commercial oil or gas discoveries.
The Asian country of Turkey is looking to expand its energy exploration efforts, with plans for oil and gas projects in Bulgaria, Iraq, and Libya, according to Energy Minister Alparslan Bayraktar.
The government of Senegal has announced that any future oil and gas development projects must meet the country’s national laws and strategic environmental standards.
The global market for LNG is changing with the United States and China in loggerhead for dominance. Is there a silver lining for Africa, a continent with abundant gas reserves, to benefit from the ongoing trade war?
The MEMAN report shows that the lifting price of petrol—Nigeria’s primary transport fuel—currently ranges between N835 and N870 per litre across major cities.
British energy giant BP has announced the successful loading of the first liquefied natural gas (LNG) export cargo from the Greater Tortue Ahmeyim (GTA) offshore project, located on the maritime border between Senegal and Mauritania.
Motorists in Maputo are grappling with growing fuel shortages amid a deepening foreign exchange crisis, as the dollar becomes harder to find and more expensive on the black market.
The Dangote Refinery supplied 20.6 million litres of petrol per day to Nigeria’s domestic market in March 2025, accounting for 41% of the country’s total fuel consumption that month.
Nigeria is set to establish a national strategic petroleum products reserve in 2025 to shield its economy from global supply disruptions and enhance energy security.
French oil and gas company Maurel & Prom (M&P) says it is set to commence drilling three new natural gas wells at the Mnazi Bay field in Tanzania’s Mtwara region this June.
Portuguese energy company Galp Energia has announced a significant addition of 700 million barrels of oil equivalent (BOE) to its 3C contingent resources in Namibia’s offshore Orange Basin.