Nigeria has exceeded its crude oil production quota set by the Organization of Petroleum Exporting Countries (OPEC) for the first time since late 2023. According to OPEC’s latest Monthly Oil Market Report, Nigeria’s average daily crude oil production reached 1.539 million barrels in January 2025. This figure is above the 1.5 million barrels per day…
Egypt has signed agreements with Shell and TotalEnergies to import 60 cargoes of liquefied natural gas (LNG) in 2025, valued at approximately $3 billion. This decision comes as Egypt transitions back into being a net importer of natural gas, a shift driven by declining domestic production and rising energy demands. Egypt’s domestic gas production has…
Kosmos Energy has announced the start of liquefied natural gas (LNG) production at the Greater Tortue Ahmeyim (GTA) project, which is operated by BP. This is a major milestone for the energy sector in West Africa. The offshore project, located between Mauritania and Senegal, is expected to play an important role in the global LNG…
Chevron has strengthened its presence in Namibia’s offshore oil and gas sector by acquiring an 80% stake and operatorship of Petroleum Exploration License (PEL) 82 in the Walvis Basin. This move, facilitated through a farm-in agreement by its subsidiary, Chevron Namibia Exploration II Limited, underscores the company’s confidence in Namibia as an emerging energy hub….
Faced with rising fuel costs and growing concerns about air quality, several African governments are increasingly turning to compressed natural gas (CNG) as a cleaner and more affordable alternative to traditional gasoline and diesel vehicles. While the global push towards electric vehicles (EVs) gains momentum, many African nations are finding that CNG offers a more…
ExxonMobil has announced a major natural gas discovery off the coast of Egypt, located in the Mediterranean Sea. This discovery, made in the North Marakia Block, could be a turning point for Egypt’s energy sector, helping to revive its natural gas production and boosting its ambitions to become a key energy hub in the region….
Tullow Oil is preparing to restart drilling in Ghana after resolving a long-running tax dispute with the government. The issue had created uncertainty for the company, but with the matter settled, Tullow can now focus on increasing production and improving operations. The company plans to begin drilling in May 2025 using the Noble Venturer rig….
On February 4, 2025, a collaboration was announced between Petrobras, the Namibia Energy Corporation (NEC), the Brazilian Institute of Petroleum (IBP), and the African Energy Chamber (AEC) aimed at enhancing oil and gas investments between Brazil and Africa. This partnership comes at a time when global energy demands are rising and there is a growing…
Angola’s oil industry is on the verge of a transformation as the country prepares for its 2025 oil and gas licensing round. This follows a series of strategic moves aimed at revitalizing the sector, which had seen limited growth for decades. In January 2024, Angola offered 12 blocks in the Lower Congo and Kwanza Basins,…
The Dangote Petroleum Refinery in Nigeria is set to receive 12 million barrels of crude oil from the United States, marking a significant shift in the country’s refining landscape. This move comes as the refinery faces supply constraints from the Nigerian National Petroleum Company Limited (NNPC), which has limited capacity to meet its full refining…
