Oil and Gas

Tanzania Explores Oil Prospects in Eyasi-Wembere Basin 

Tanzania’s long-dormant Eyasi-Wembere rift basin has returned fresh signs of hydrocarbons, with recent geochemical, seismic, and borehole studies pointing to rocks capable of storing oil.  If confirmed by drilling, the find could shift Tanzania’s energy balance boosting domestic supply and drawing new upstream investment even as the country balances gas-export ambitions and clean-energy pressures. Why…

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What South Africa Can Learn from Nigeria, Mozambique and Namibia to Win More Oil & Gas Investment

Africa is enjoying a renewed rush of oil and gas investment: massive offshore finds, export-focused LNG projects and clearer commercial terms in several countries have attracted billions in capital. But while neighbours are cashing in, South Africa is struggling to convert strong domestic demand into bankable projects.  This blog compares what Nigeria, Mozambique and Namibia…

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South Africa Faces Oil & Gas Investment Headwinds Even as Africa Attracts a Surge of Capital

While Africa recorded a strong uptick in oil and gas capital flows in recent years, South Africa has struggled to convert policy talk into timely, bankable projects.  Investors are increasingly choosing clear regulatory regimes and fast-track offshore plays in countries such as Mozambique, Senegal and Tanzania leaving South Africa at risk of missing out on…

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Inside Eastern Africa’s Oil and Gas Outlook from AFREC

The African Energy Commission (AFREC) has released the Eastern Africa Oil and Gas Market Report at Africa Oil Week 2025 in Accra, offering a data-driven roadmap to unlock oil and gas investment opportunities in Eastern Africa and strengthen Africa energy security.  The report maps reserves, identifies refining and storage shortfalls, and recommends urgent policy and…

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Will Dangote End Nigeria’s Petrol Import Dependency?

Nigeria’s $20 billion Dangote Refinery has already begun reshaping the country’s fuel supply landscape, cutting petrol imports by more than half in early 2025. But can it truly end decades of dependency on imported petrol? The answer lies at the intersection of refinery capacity, crude supply, foreign exchange stability, logistics, and government policy. Dangote’s Immediate…

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Can $60 Billion Transform Nigeria’s Oil and Gas Industry?

Can $60 billion in new investments revive Nigeria’s struggling oil and gas sector? That’s the ambitious target set by the Nigerian National Petroleum Company Limited (NNPCL), which is seeking large-scale financing to boost crude production, expand gas development, and restore the country’s refining capacity. The plan is bold: raise crude oil output to 3 million…

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NNPC Targets $60bn to Boost Oil & Gas Output

Nigeria’s state oil company, the Nigerian National Petroleum Company Limited (NNPCL), has unveiled an ambitious plan to attract $60 billion in new investments over the next five to seven years. The initiative is designed to ramp up crude oil production, expand gas development, and restore Nigeria’s refining capacity, positioning the country as a competitive energy…

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