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Category: Oil

Barrels of oil. Photo by Atik sulianami @ Unsplash
ENI discovers 1.4 billion barrels of oil in Côte d’Ivoire
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Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 15.10% as naira strengthens, fuel prices fall
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An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
Nigeria’s state oil firm NNPCL posts $4.2bn profit for 2025
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Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal bets on local oil refining as Mavamar plant opens in Dakar
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Beatrice Mensah-Tayui, founder and chief executive of Cybele Energy, Ghana
PODCAST: Beatrice Mensah-Tayui, Africa’s oil glass-ceiling breaker
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Oil drilling rig Photo Marian Lupan @ Unsplash
Ghana oil revenues slump as fewer cargoes and lower prices bite state finances
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L-R: Mr Osvaldo Inácio, Board Member of Sonangol, Mr Haytham Elmaayergi, Executive Vice President of Global Trade Bank at Afreximbank and Mr Gaspar Martins, Chairman of the Board of Directors and President of Sonangol. Photo: Afreximbank
Afreximbank seals $1.75bn deal for Angola’s state oil firm Sonangol
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Oil rig. Photo @ Pixabay
Azerbaijan’s SOCAR buys 10% stake in Côte d’Ivoire’s Baleine oil field
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Oil field. Photo by Redhawk Investment Group @ Pixabay
Nigeria’s Seplat hits first gas at ANOH plant, marking milestone for Africa’s gas ambitions
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Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Dangote signs $350mn deal to double Lagos refinery capacity
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Pile of gold bullion coins and bars. Photo by Zlaťáky @ Unsplash
Nigeria rolls out high-purity gold refining, deepens push beyond oil
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Oil refinery. Photo by Devon Chandler @ Pixabay
Gabon backs DP World LNG project to curb gas flaring, diversify exports
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Barrels of oil. Photo by Atik sulianami @ Unsplash
Benin targets offshore oil restart as Sèmè field nears production comeback
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Boats in Senegal Guet Ndar, Saint Louis, Senegal
Senegal’s oil output hits 36.1mn barrels as Sangomar field beats 2025 forecasts
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Oil rig. Photo by WORKSITE Ltd. @ Unsplash
Could the US takeover of Venezuela’s oil upset Africa’s crude exports?
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Oil refinery. Photo by Devon Chandler @ Pixabay
Ghana’s Jubilee oil field lifts output as Kosmos secures licence extensions
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Street market in Kaduna, Nigeria. Photo @Pexels
Nigeria’s economy poised for strong 2026 recovery amid inflation drop, oil rebound
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Senegal’s extractive revenues jump 23% as mining and energy reshape economy
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Dr. George Elombi, President of Afreximbank and Mr. Tony Elumelu, Chairman, Heirs Energies Limited with the signed agreement. Photo: Afreximbank
Afreximbank seals $750mn financing with Heirs Energies to boost Nigeria’s oil output
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Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Nigeria oil regulators resign amid corruption claims by Dangote
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Oil refinery. Photo by Devon Chandler @ Pixabay
Uganda’s oil refinery delayed until 2029–2030 as crude exports start earlier
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Oil field. Photo by Redhawk Investment Group @ Pixabay
Senegal’s export boom hits record as oil, gold surge reshape economy
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Oil rig. Photo @ Pixabay
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
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Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
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Photo by Eswatini Photography @ Unsplash
Eswatini gears up for higher prices in 2026 due to inflation
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An exhibition stand at the Intra-Africa Trade Fair 2025 in Algeria Photo: Afreximbank Media
South Africa trade surplus narrows sharply in October
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The oil refinery factory. Photo by Maksym Kaharlytskyi @ Unsplash
Angola producer prices fall for fourth straight month as oil, diamonds drag output
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Lagos, Nigeria. © Unsplash
Nigeria’s growth eases to 3.98% in Q3 as oil underperforms
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Oil rig. Photo @ Pixabay
Gabon’s first private oil firm Komo Ressources Group begins production
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Petralon's operational milestone was reinforced by the visit of the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, to Dawes Island. Photo @ Petralon Energy.
Nigeria oil output drive gains steam as Petralon advances Dawes Island drilling
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An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
South Africa’s new national oil firm SANPC targets operations by 2027
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Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Nigeria’s Dangote refinery targets 1.4mn bpd with Honeywell technology
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Barrels of oil. Photo by Atik sulianami @ Unsplash
Uganda lifts recoverable oil reserves to 1.65 billion barrels
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Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash
Nigeria’s state oil company seeks partners as refinery overhaul accelerates
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Image of oil refinery at night across the sea. Photo @Unsplash
Kenya approves $6.1 billion oil project after Tullow exit
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Senegal’s revenue surge signals rare fiscal strength amid oil, telecom boom
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Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Nigeria drops planned 15% fuel import tax to avert price surge
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Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Nigeria launches new oil block bid round as output struggles persist
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Oil drilling rig Photo Marian Lupan @ Unsplash
Mergers and acquisitions to reshape Africa’s oil and gas industry in 2026
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Trade surges in Africa. Photo by Kurt Cotoaga @ Unsplash
South Africa’s trade surplus hits $1.15bn in September as exports surge
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Oando Nigeria’s profit soars 164% on surging oil output and upstream gains
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Oil drilling rig Photo Marian Lupan @ Unsplash
Nigeria slaps 15% import tax to shield local fuel refiners
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A farmer picking cocoa in the field. Photo @ Pexels
Commodity prices slide again across Central Africa as cocoa, coffee exports tumble
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Oil train. Photo by Jakub Pabis @ Unsplash
Angola’s producer prices fall again as oil slump deepens fiscal strain
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Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Dangote to double Nigeria refinery output to 1.4 million barrels daily
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An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
Nigeria’s NNPC profits plunge 60% as output decline bites
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Image of oil refinery at night across the sea. Photo @Unsplash
Ghana and Nigeria drive West Africa’s oil future amid rising risk
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Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Nigeria’s oil output plunges 3% to 1.58mn bpd as strikes hit production
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Shell gives Nigeria extra boost. Photo by Jethro Carullo @ Unsplash
Shell approves $2bn offshore gas project to boost Nigeria LNG exports
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Street market in Kaduna, Nigeria. Photo @Pexels
Nigeria’s debt tops $97bn as oil slump drives borrowing spree
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Oil production site. Photo by Zukiman Mohamad @ Pexels
Senegal sells 2.9 million barrels in first oil export milestone
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An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
Ivory Coast’s oil production surges 50% as ENI’s Baleine field powers growth
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TotalEnergies fuel pump station. Photo by Birk Enwald @ Unsplash
TotalEnergies, Chevron and bp lead Africa’s new oil exploration wave
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Oil drilling rig Photo Marian Lupan @ Unsplash
Gabon courts global investors to revive oil and gas sector
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Oil drilling rig Photo Marian Lupan @ Unsplash
Nigeria seeks Ogoni oil restart after three decades of unrest
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Ijora, Lagos Nigeria. Photo by Vitalis Nwenyi @ Unsplash
Dangote Refinery dispute threatens fuel stability in Nigeria
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Lagos, Nigeria. © Unsplash
Nigeria cuts benchmark rate to 27% as inflation eases
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Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Nigeria’s oil output jumps 5.5% as reforms spur investment
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World flags. Photo by Saj Shafique @ Unsplash
Why African leaders must seize mineral power at UNGA 80
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Gas pipeline. Photo @ Unsplash
Nigeria, Morocco to build $25bn gas pipeline in phases
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Luanda, Angola Photo @ Unsplash
Angola cuts rates as inflation eases, oil risks loom
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Oil rig. Photo @ Pixabay
Senegal lifts oil output forecast after strong shipments
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Taxi bus Libreville, Gabon. Photo @ Unsplash
Gabon unveils $11.8bn budget to reset economy, politics
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Oil drilling rig Photo Marian Lupan @ Unsplash
Western oil majors double down on Nigeria’s offshore fields
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Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Angola secures $8bn oil boost from BP, Eni and Total
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Oil rig. Photo @ Pixabay
Congo signs $23bn oil deal with China’s Wing Wah
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Can South Africa’s $1.1bn trade surplus signal a commodity upswing?
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Oil drilling rig Photo Marian Lupan @ Unsplash
Petrobras eyes return to Nigeria in boost for Africa’s oil and gas
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Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Nigeria, Angola lead Africa’s $100bn refining expansion – OPEC
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Oil drilling rig Photo Marian Lupan @ Unsplash
Nigeria’s July oil output hits 2025 high, beats OPEC quota
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Oil production site. Photo by Zukiman Mohamad @ Pexels
Ghana tightens forex rules on oil and mining firms to protect cedi
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Nigeria inflation cools to 21.88% in July, stoking bets on rate cut
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Photo by Maria Lupan @ Unsplash | Oil production
CEMAC export prices tumble as oil, gas and agriculture weaken
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Oil production site. Photo by Zukiman Mohamad @ Pexels
South Africa, Nigeria near oil supply deal to boost energy security
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@Pixabay Oil refinery
AFC-backed projects in Nigeria drive $10 billion forex gains
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Offshore Oil Rig. © Pixabay
Nigeria’s oil output surge eases pressure on budget, currency
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Photo by Maria Lupan @ Unsplash Oil
Senegal posts record oil and gas exports in July
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Photo by Arvind Vallabh @ Unsplash Oil field
Tullow strikes oil boost in Ghana as new well outperforms
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Photo by Nathan Forbes @ Unsplash | Oil block, oil field
Cameroon opens oil and gas blocks to global bidders
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Tunisia turns to natural gas in $57 million industrial energy shift
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Electricity, power Photo by Random Institute @ Unsplash
Will Nigeria’s $2.7 billion bond fix the failing electricity sector?
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Photo by Juan Fernandez @ Unsplash | Fuel, petro
West Africa moves to set own fuel prices
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Photo by Orkhan Farmanli @ Unsplash | Petroleum oil
Senegal’s gold and petroleum boom signals economic leap in West Africa
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Gabon ramps up deepwater push to reverse oil decline
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Trump pushes trade-first Africa strategy to counter rivals
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Senegal slashes oil revenue forecast by 60% through 2028
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Afreximbank warns of trade risks and openings as global fault lines shift
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BEAC governor urges urgent investment in local fuel refining
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Oil price surge offers budget relief but raises risk for Nigeria
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Ghana strikes $2bn deal to extend Jubilee and TEN oil fields to 2040
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Nigeria’s debt-to-GDP set to surge to 67% amid $21.5 billion borrowing plan
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Nigeria opens ₦300bn Sukuk bond offer to fund infrastructure shortfall
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Senegal’s Mining Windfall Lifts Budget Revenues, EITI Data Shows
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Mozambique banks on LNG to ease budget strain
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Cameroon Plans Major Fuel Depot to Prevent Future Shortages
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Ghana Bets on Gas Plant to Cut $600 Million Fuel Bill, Ease Power Woes
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Senegal's Sparking Backlash
Senegal’s Prime Minister Says Country Gets Just 13% of Oil Revenues, Sparking Backlash
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Gabon’s New Dawn Must Balance Bond‑Market Faith with Voter Demands
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Nigeria Slashes Petrol Imports as Local Refining Capacity Surges
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Ghana Moves to De-Risk Oil and Gas Investment with New Licensing Reforms
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Militant Group Claims Pipeline Attacks in Niger Delta, Escalating Political Tensions
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Niger Misses Debt Sale Target as Liquidity Pressures Mount
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Senegal’s Energy Minister Cautions Against ‘Magical Thinking’ on Oil Wealth
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Senegal’s Economy Surges 11.6% on Oil Production Boost
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Congo Targets 63% Debt Reduction as IMF Warns of Distress
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Tinubu Reshapes NNPC Leadership in Push for Oil Sector Reform
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Côte d’Ivoire cuts fuel prices ahead of elections, raising fiscal questions
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Nigeria’s Lawmakers Propose Shared Control of Natural Resources
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Congo to Roll Out New Gas Code in Bid to Boost Output
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Sabotage Sparks New Fire on Gas Pipeline in Nigeria’s Niger Delta
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Tinubu’s Emergency Rule in Rivers Sparks Constitutional Backlash
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Tinubu Suspends Rivers State Governor In State Of Emergency Address
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Nigeria: environmental pollution by burning off gas from the oil production in the Niger delta Ogoniland
Nigeria Risks Oil Disruption Amid Political Crisis in Key Producing State
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Bonny oIl terminal, oil storage tanks and facilty at Bonny, Bonny River, Nigeria
History of Strife Among Nigeria's Energy Players Haunts Crucial Policy Talks
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African Ministers Seek to Leverage AfCFTA for Stronger Trade Amid Global Headwinds
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The captain of a small gunboat navigates down the Bonny River as smoke billows from a illegal refinery on fire, Rivers State, Nigeria
Political Rift in Nigeria’s Oil Hub Threatens 2025 Budget
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Nigeria Expands Refining Capacity with Three New Licenses
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Nigeria Strikes New Deal to Expand Oil and Gas Shipping
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TotalEnergies Exits Burkina Faso After 71 Years, Sells Assets to Coris Investment
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Congo To Open New Oil Licensing Round to Boost Investment
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Tullow Oil Expands Exploration to Gabon in Diversification Drive
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Nigeria’s Refining Push Gains Momentum with New License Award
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Angola Eyes $5.7 Billion Windfall from New Offshore Oil Project
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Nigeria Advances Refining Capacity with New Refinery License
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Tullow Oil Triumphs in $320M Tax Arbitration Against Ghana
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Namibia’s Ruling Party Poised to Retain Power Amid Oil Boom Prospects
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Springfield’s Afina Oil Field Test Fuels Optimism for Ghana’s Energy Sector
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Namibians Vote in Pivotal Election as Oil Wealth Looms
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Nigeria Restarts Port Harcourt Refinery After Five-Year Shutdown
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Ghana Considers Cutting State Stake in Oil Exploration to Attract Investment
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Nigeria Surpasses 1.8 Million bpd Oil Output, Exceeding OPEC Quota
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Gabon Issues Oil Permits to Boost Declining Production
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Angola to Grant Nine New Oil Concessions in Push to Boost Production
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Ghana’s Half-Year Petroleum Revenue Surges to Record High
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J.P. Morgan Invests $300M in Senegal's Oil-Driven Economic Transformation
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Angola's Mid-Year Financial Report Reveals Surplus Amid Inflation Surge and Declining Oil Production
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Nigeria’s Fuel War Looms: Dangote Urges NNPC, Marketers to Halt Imports
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Angola’s Q3 Crude Exports Rise, China Remains Key Market
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Unease Grows in Nigeria Over Army Chief Lagbaja’s Absence
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Seplat Energy Gains by Daily Limit as Nigeria Approves ExxonMobil Asset Divestment
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Gasoline Shipments to Nigeria Plunge Amid Local Refining Surge
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Crude Oil Production Soars 83.6% in Côte d'Ivoire Amid Major Oil Discovery
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Nigeria Aims for 40,000 bpd Crude Oil Production Boost with New FPSO
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Gabon’s Oil Production Drops 11 Percent in Second Quarter
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Edo Refinery in Nigeria to Complete Major Expansion, Expects First Cargo by May 2025
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Nigeria Ends VAT on Natural Gas and Diesel to Boost Clean Energy Investments
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ANPG to Grant 15 New Oil Licenses in Angola by Year-End
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Nigeria to Approve ExxonMobil Divestment “in Days,” President Tinubu Says
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ExxonMobil Transfers Equatorial Guinea Assets to GEPetrol, Ending Decades of Operations
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Nigeria to Revive Two Stalled LNG
Nigeria to Revive Two Stalled LNG Projects as European Demand Grows
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Kuwait Petroleum Corp Expands Reach as Europe's Top Jet Fuel Supplier
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NNPC Begins Lifting Petrol from Dangote Refinery Amid Pricing Controversy
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Senegal's President Dissolves Parliament
Senegal's President Dissolves Parliament, Calls for Fresh Elections Amid Opposition Challenges
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Sonangol Set to Pay Second Interest Instalment on 2023-2028 Bonds
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Nigeria Faces Gasoline Supply Uncertainty as Dangote Refinery Threatens Export Shift
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Dangote Refinery Starts Gasoline Production, Set to Disrupt Global Oil Markets
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Gabon to Launch Oil Exploitation in New Wells Following Assala Energy Acquisition
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AFC Backs Nigeria’s Largest Gas-to-Methanol Plant in Akwa Ibom
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Nigeria Lacks Funds to Repair Aging Oil Pipelines, Says Minister
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Oando Acquires Nigerian Agip Oil Company in $783 Million Deal
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Uganda Oil Pipeline to Get Backing From Nine European Banks, Minister Says
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Namibia to Protect Local Jobs in Draft National Oil Law
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Nigeria to Begin Crude Oil Sales in Naira to Local Refineries Starting October
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New Oil Producers in Africa Attract Investment as Established Players Lose Ground
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Cameroon’s State Oil Firm Denies Allegations of Undervalued Crude Sales
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BEAC Currency Rules Stall Central Africa’s Energy Projects
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Oando Shares Surge Following Strategic Acquisitions
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Ghana Approves $980 Million Investment for New Sentuo Oil Refinery
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Can Tinubu Tax His Way Through as Nigeria's Oil Output Struggles?
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Nigeria to Continue Fuel Imports Despite Dangote Refinery Launch
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Cameroon’s Bipaga Plant Powers Keda Ceramics, Boosts Job Growth
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Nigeria’s Stake in Dangote Refinery Drops to 7.2%
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Nigeria Reaches Agreement with Producers for Market-Price Crude Supply to Local Refineries
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VAALCO Energy to Invest $300 Million in Gabon by 2025
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Nigeria Selected as Headquarters for Africa Energy Bank
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Kenyan Business Activity Declines Sharply in June Amid Protests
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Nairobi Bourse Leads African Peers in H1 Returns, Faces Threat from Protests
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Kenya to Revise Borrowing to KES1 Trillion Amid Tax Protests, Says President Ruto
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Senegal Projects $900 Million in Oil and Gas Revenues by 2027
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Dangote Refinery Accuses International Oil Companies of Sabotage
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ENI to Sell 30% Stake in Ivorian Exploration Operations for €1 Billion
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Chevron Signs Deal to Explore for Oil in Angola’s Ultra-Deep Waters
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NNPC Ends Suit Opposing Sale of ExxonMobil Assets to Seplat Petroleum
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Woodside Energy Pumps Oil From Senegal’s First Offshore Field
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Ghana Seeks to Revitalize TEN Field Amidst Declining Oil Production
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Tullow Oil Reports $110 Million Loss Amid Declining Field Productivity and High Impairments
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Seplat Energy Eyes $1.3 Billion Exxon Mobil Nigeria Deal
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