Oil & Gas Archives - Now In Africa

An aerial view of an industrial gas processing facility under construction along a tropical coastline, with cranes and steel structures visi

ExxonMobil Awards $1.1 Billion in Contracts for Mozambique’s Rovuma LNG Project

United States oil and gas major ExxonMobil has announced the award of contracts worth approximately $1.1 billion for long-lead upstream equipment, in a move that supports the planned first phase of the Rovuma LNG project in the northern Mozambican province of Cabo Delgado. According to AllAfrica, citing AIM news agency in Maputo, the contracts are […]

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An industrial oil refinery complex with tall distillation towers, cylindrical storage tanks and pipelines, set against a dusk sky.

Nigeria’s Costly Refinery Obsession: Revival or Sale?

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Nigeria, Africa’s largest oil producer, paradoxically imports the bulk of the refined petroleum products its economy consumes, a long-standing contradiction that has shaped national policy debates for decades. The country’s state-owned refineries — long underperforming despite repeated rehabilitation efforts — have consumed enormous public resources without delivering the fuel output they were designed to provide,

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A wide view of an oil refinery complex with storage tanks and pipelines at dusk.

Nigeria’s oil revenues rise as US-Iran tensions push crude to $87

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Crude oil prices have climbed to $87 per barrel amid renewed tensions between the United States and Iran, a development that is set to lift Nigeria’s earnings by roughly $22 per barrel above recent baselines, according to Vanguard News. The rally reflects how geopolitical risk in the Gulf quickly translates into revenue for African producers.

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A wide photograph of a large industrial oil refinery complex with tall distillation columns and cylindrical storage tanks on a coastal site.

Nigeria Considers Crude Supply Reforms to Aid Domestic Refiners

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Nigeria is weighing reforms to its crude oil supply arrangements in a bid to strengthen domestic refining capacity, including operations at the Dangote Refinery, according to CNBC Africa. The reported rethink comes as Africa’s largest oil producer continues to balance its role as a major crude exporter with long-standing ambitions to reduce its reliance on

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A wide view of an oil and gas processing facility at sunset, with pipelines, a lit flare stack, and wetland vegetation surrounding the insta

Royal Dutch Shell Plc to Release “Inside the Shell Nigeria Files”

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Royal Dutch Shell Plc to Release “Inside the Shell Nigeria Files” — investigative series on Shell’s Nigeria operations Royal Dutch Shell Plc .com has announced the upcoming publication of “Inside the Shell Nigeria Files,” an investigative series examining the operations of one of the world’s largest energy companies in Nigeria, according to the outlet. The

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An aerial or ground view of a Nigerian oil refinery with distillation towers and pipework at dusk.

Nigeria’s refineries shut due to commercial losses, not technical failure – Osifo

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Nigeria’s state-owned oil refineries have remained shuttered because of mounting commercial losses rather than mechanical breakdowns, according to remarks attributed to Osifo and reported by Business News Nigeria. Nigeria operates four refineries under the Nigerian National Petroleum Company (NNPC) — two in Port Harcourt, one in Warri and one in Kaduna — with a combined

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Aerial view of a Nigerian coastal port with oil storage tanks and a petroleum tanker moored at a berth.

Refined Oil Overtakes Crude as Nigeria’s Top Export to UK

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A shift in Nigeria’s export profile to the United Kingdom has seen refined petroleum products surpass crude oil as the leading category shipped across the trade corridor, according to nigeriahousingmarket.com. The change reflects a long-running restructuring of Nigeria’s hydrocarbons sector, in which successive governments have sought to move the country up the value chain by

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An industrial oil refinery with tall distillation columns, storage tanks and pipelines under a hazy sky.

Nigeria Oil Refining Summit 2026 to bridge upstream and downstream sectors

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The Nigeria Oil Refining Summit 2026 is being positioned as a platform to connect the country’s upstream crude producers with downstream refiners, according to EnviroNews Nigeria. The summit aims to address a structural imbalance that has shaped Africa’s largest oil economy for decades. Nigeria has long stood as one of Africa’s leading crude oil producers,

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The headquarters of the Nigerian National Petroleum Company, a tall corporate office tower in Abuja, with a paved forecourt.

Nigeria approves $4.5 billion refinancing of NNPC oil-backed facility

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Nigeria’s federal government has approved a $4.5 billion refinancing of an oil-backed facility held by the Nigerian National Petroleum Company (NNPC), according to CNBC Africa. The decision relates to a financing arrangement backed by future crude oil revenues. Such oil-backed facilities have been a recurring feature of Nigeria’s energy sector, allowing the state oil company

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An aerial view of an oil export terminal with cylindrical storage tanks and a tanker vessel at a West African port.

Cheaper Latin American oil threatens Nigeria’s grip on Europe

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Nigeria’s longstanding position as a key supplier of crude to European refineries is coming under fresh pressure from lower-cost Latin American barrels, according to a report by Business News Nigeria. The development underscores how quickly the Atlantic basin oil trade is being reshaped by new production from across the ocean. For decades, Nigerian crude has

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The NNPC corporate headquarters building in Abuja, a modern office tower with a glass facade.

Nigeria’s NNPC issues another tender to sell its new Cawthorne crude

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Nigeria’s state-owned oil company has launched another tender to sell its new Cawthorne crude grade, according to Businessfront. The Nigerian National Petroleum Company (NNPC), which manages the country’s hydrocarbon resources on behalf of the federal government, periodically invites international buyers to bid for cargoes of its various crude streams. The Cawthorne grade is among the

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A wide exterior view of a large oil refinery complex at dusk, showing tall distillation columns, flare stacks, and rows of cylindrical stora

Dangote Refinery Files for IPO, Targeting September 2026 Listing on Nigerian Exchange

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Dangote Petroleum Refinery, one of the world’s largest oil refineries, has filed an initial public offering (IPO) application with Nigeria’s Securities and Exchange Commission, moving the company closer to a listing on the Nigerian Exchange. The filing, reported by Daba Finance and carried by AllAfrica, would mark one of the most significant capital markets events

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