Oil and Gas
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One of Germany’s biggest utility firm, RWE, has withdrawn its suppport from Namibia’s $10 billion Hyphen Hydrogen Energy project.
The future of Africa’s energy transition will be shaped by various commodities, with LNG playing a central role. This presents immense opportunities for the continent, especially if they are effectively harnessed.
Uganda has received the final shipment of pipes for the $5 billion East African Crude Oil Pipeline (EACOP) project, marking a major step toward its first oil production next year.
Equatorial Guinea has signed a major agreement with US energy giant Chevron to develop the Aseng Gas Project, marking a significant step in the country’s ambition to become a leading liquefied natural gas (LNG) processing hub in Africa.
Nigeria’s Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on its members, including TotalEnergies, Shell, Oando and others, to halt gas supply to the Dangote refinery over the mass layoff of workers.
Nigeria’s mega Dangote refinery has announced plans to stop selling Premium Motor Spirit (PMS), commonly known as petrol, in the local currency, the Naira.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a scathing condemnation of what it describes as “anti-labour practices” at the Dangote Refinery, alleging the termination of over 800 Nigerian workers in favour of over 2,000 Indian workers.
Libya leads Africa with 48B barrels of oil reserves, followed by Nigeria and Algeria; making North Africa a powerhouse in global energy markets.
Fuel prices in Africa vary widely—Libya has the cheapest at $0.028/L, while the Central African Republic tops the list at $1.889/L.
Nigeria’s Dangote Petroleum Refinery has terminated the employment of some of its local staff, following reports that most of them joined the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Nigeria has officially approved TotalEnergies Exploration and Production Nigeria Limited’s divestment of its 12.5% contractor interest in Oil Mining Lease (OML) 118, a strategic deepwater asset that includes the prolific Bonga field.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified the reason for the collapse of the $860 million divestment deal between TotalEnergies and Chappal Energies.
Italian Energy Company, Eni, has reduced its shareholding in Ivory Coast’s Baleine Offshore Project after selling a 30% stake to Global Commodity Trader, Vitol.
Mozambique is set to inaugurate its first liquefied petroleum gas (LPG) processing and production facility on November 13, marking a major milestone in the country’s energy sector.
Ghana’s oldest refinery, the Tema Oil Refinery (TOR) will be resuming operations in October after an extensive turnaround maintenance on its crude distillation unit.
In a major boost to Liberia’s resurging oil and gas sector, Nigeria’s Atlas-Oranto Petroleum, owned by billionaire Prince Arthur Eze, has signed a landmark $800 million deal securing four offshore exploration blocks in the West African nation.
Nigeria’s oil output has exceeded its OPEC quota after recording an average of 1.68 million bdp in the second quarter of 2025, the new National Bureau of Statistics (NBS) report shows.
French oil giant TotalEnergies has suffered a major setback in its efforts to divest mature onshore assets in Nigeria, after regulators announced the collapse of its $860 million deal with Chappal Energies.
A retail outlet owned by Nigerian billionaire Mike Adenuga, Conoil Plc, has begun lifting refined products directly from the Dangote refinery, joining other marketers in bypassing traditional middlemen.
Liberia and Sierra Leone are resilient in their pursuit of commercial oil. The West African nations stand on the brink of becoming oil producers. With shifting climate realities, renewed investment, and ongoing seismic surveys, the question remains: do they have what it takes?
