Oil and Gas
Top stories
Dangote Refinery has imported crude oil from Ghana for the first time since it came on stream in a bid to boost its feedstock bank as domestic suppliers continue to supply below nominated volumes.
Nigeria has reduced the amount oil companies can recover from their investments in offshore projects, as the government seeks more income to cover a widening budget gap.
TotalEnergies has signed a $10 million memorandum of understanding (MoU) with Mozambique’s Agency for the Integrated Development of the North (ADIN) to fund development projects in Cabo Delgado, the gas-rich province plagued by years of insurgency.
Nigeria’s 650,000 bpd Dangote refinery has exported its first gasoline cargo to the United States, marking a milestone in the plant’s growing supplies to the North American market.
Nigeria has signed a new deep water production sharing contract with French energy company TotalEnergies and local partner South Atlantic Petroleum (Sapetro).
French oil major, TotalEnergies, has secured a fresh permit to explore offshore oil block, known as Nzombo block, in the Republic of Congo.
After years of delay, the first phase of the 60,000 barrels per day (bpd) Cabinda refinery project has been inaugurated by President João Lourenço, marking a major step in the country’s refining drive.
One of Africa’s leading deepwater oil and gas drilling companies Sonadrill has signed two drilling contracts to explore offshore Angola using its West Gemini and Sonangol Libongos vessels.
The government of Ethiopia has signed an agreement with Nigeria’s Dangote Group to build a 3 million tons per annum fertiliser manufacturing plant valued at $2.5 billion.
The Dangote Petroleum Refinery has become a central force in reshaping fuel supply across West and Central Africa, reducing Nigeria’s reliance on imported products and changing regional trade flows.
Egypt has added two new wells to its gas production portfolio in the deep water West Delta, increasing supply by about 60 million cubic feet per day (mcfd).
Despite a decline in crude oil production, Ghana’s oil revenue in 2024 increased by 27.8% to $1.36 billion, compared to $1.06 billion in 2023.
Savannah Energy has announced the commissioning of a new gas compression system, valued at $45 million, at its Uquo Central Processing Facility (CPF) in Akwa Ibom State.
Oil finds in Guyana and Namibia have drawn sharp comparisons between the two nations. Yet emerging realities suggest they may be drifting apart in ways that is unsettling for investors.
A few local oil and gas firms in Nigeria are holding their own against international players. Seplat, after acquiring ExxonMobil’s onshore assets, is pushing to dominate the country’s gas market with successive projects.
Global energy giant Eni is preparing to begin the second phase of the Congo LNG project in the Marine XII offshore concession with the launch of a production vessel from Shanghai, China.
Cameroon’s state-owned National Hydrocarbons Corporation has announced the country’s 2025 oil and gas licensing round, offering up to nine blocks for exploration by willing local and international players.
Egypt has started work on three new wells in the Zohr gas field as part of efforts to boost production in the current financial year, the petroleum ministry said on Tuesday.
Crude oil flows from Sudan have been disrupted after the United Arab Emirates (UAE) imposed a ban on cargoes from the Red Sea nation, blocking shipments at its ports.
Angola, one of Africa’s leading oil producers, has in recent times face different hurdles from volatile oil market to low output, among others. Now, the country is betting on gas for its economy recovery.
