Oil and Gas
Top stories
Angola’s crude oil output has climbed back above 1 million barrels per day (bdp), supported by new investment from international companies seeking to tap its offshore and onshore reserves.
The 2021 Petroleum Industry Act (PIA) was lauded as a landmark piece of legislature when it was enacted. Four years later, a new bill proposed by Nigeria’s lawmakers may radically change some of its provisions.
UK integrated energy firm, Savannah Energy PLC, has announced a landmark acquisition of interests in three East African renewable energy projects, totalling $65.4 million.
A consortium comprising Samsung Heavy Industries, JGC, and Technip Energies has launched a tender for module work on Mozambique’s second floating liquefied natural gas (FLNG) unit, Coral Norte.
Seplat Energy Plc, one of Nigeria’s leading independent oil and gas companies, has announced plans to invest between $2.5 billion and $3 billion over the next five years to develop three new gas projects.
The $20 billion Mozambique LNG project is set to be one of Africa’s largest gas ventures in recent years. Though stalled for some time, it is now attracting renewed investor interest. So, who are the major financiers backing this mega project?
State-owned Israel Natural Gas Lines (INGL) and partners of the Leviathan gas field including Chevron and NewMed have signed a $610 million contract for the construction of the Nitzana natural gas pipeline to supply gas to Egypt.
Ghana’s Offshore Cape Three Points (OCTP) project partners including global energy giant Eni, Vitol and the Ghana National Petroleum Corporation (GNPC) have signed a Memorandum of Intent (MoI) with the government of Ghana to boost oil and gas production.
TotalEnergies has signed four production sharing contracts (PSC) for four exploration blocks covering an area of approximately 12,700 square kilometres in the south of the Liberia Basin.
Nigeria’s oil sector has attracted $18.2 billion in fresh commitments through 28 new Field Developments Plans (FDPs) approved in 2025.
Africa’s energy independence relies heavily on internal financing. The proposition of an intercontinental bank indicates a move in that direction. However, the project is yet to take off despite declaration of several launch date
Although Ghana produces less oil than many of Africa’s top producers, Nigeria’s mega refinery is betting on its market for crude supply. A closer look reveals why this may be more strategic than it first appears.
In the past weeks, the clash between Dangote and union body, NUPENG, has nearly brought the petroleum industry in Nigeria to a halt. In this article, we explore in details what exactly are the reasons for these disputes.
In a significant move for asset optimization, Eco (Atlantic) Oil & Gas has successfully renewed its rights over four Petroleum Exploration Licenses (PELs) in Namibia.
Nigeria’s Dangote Refinery has sent its first gasoline cargo to the United States, with global trader Vitol and American fuel distributor Sunoco taking delivery in New York Harbor.
South Africa has approved long term lease access for oil majors and traders, including BP and Vitol, at Durban’s Island View Precinct, the country’s largest fuel import and storage hub.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed speculations that international oil companies (IOCs) are abandoning the country, insisting that recent industry developments prove otherwise.
The mega Dangote refinery has begun the free delivery of his products nationwide. What exactly does this mean for the Nigeria’s downstream sector in details?
Nigeria’s oil and gas sector offers immense opportunities for investors. However, unlocking these opportunities requires a clear understanding of the contracts that govern the industry, particularly under the newly revised laws.
The Nigerian oil and gas sector recorded a total loss of 68.94 million barrels of crude to oil theft and metering issues in the five years between 2021 and July 2025.
