Oil & Gas

Oil price shifts reshape African economies, spotlighting challenges and opportunities for growth, trade, and energy diversification.

TotalEnergies extends Namibia offshore rig contract, boosting exploration in the Orange Basin with key oil discoveries.

Congo advances energy ambitions with refinery upgrades, gas projects, and a 2027 oil production target of 500,000 barrels/day.

Sasol cuts Mozambique gas production amid post-election unrest, prioritizing safety of staff and infrastructure as tensions escalate.

Sirte Oil’s new Zelten well achieves 2,300 bpd, boosting Libya’s daily crude output above 103,000 bpd, highest since 2007.

Nigeria, Angola, and Algeria lead Africa’s oil production, driving economies while navigating structural challenges and global market fluctuations.

Noble secures $171 Million Tullow Ghana drilling contract, boosting exploration and Ghana’s economy through offshore drilling advancements.

Russia warns of a complex gas transit crisis as Ukraine ends its pipeline deal, raising concerns over European supplies and rising energy costs

ACREP to begin oil exploration in Angola’s Cabinda Norte Block in 2025, addressing longstanding bureaucratic and infrastructure challenges.

Shell Nigeria approves Bonga North project, aiming for 110,000 barrels per day, boosting oil production and economic growth.