Libya Discovers New Oil Field in Sirte Basin as OMV Resumes Exploration After 13 Years Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya. According to a statement published on the NOC’s official website, the find was made by the Libyan branch of Austrian energy company OMV, marking its first exploration success in the region. Preliminary test results indicate that the exploratory well is
Nigeria’s NNPC Moves to Restart Idle Refineries, Eyes Reduced Fuel Imports and Export Potential Nigeria’s state-owned oil company, NNPC Ltd, is engaging both technical and equity partners to restart three of its long-idle refineries, despite previous major investments that failed to restore operations, according to the company’s chief executive. With a combined processing capacity of 445,000 barrels per day, the refineries—when fully operational alongside the Dangote Refinery—could significantly reduce Nigeria’s reliance on imported fuel and
Shell Expands Presence in Angola with New Offshore Exploration Agreement Angola’s National Oil and Gas Agency (ANPG) has announced plans to sign an exclusive negotiation agreement with Shell for the exploration and development of Blocks 19, 34, 35, and several ultra-deepwater areas. The signing ceremony is scheduled to take place on November 3, marking a key milestone in Angola’s ongoing efforts to boost offshore oil exploration and attract global energy investors. According to ANPG, the
ExxonMobil Expands African Presence with New Offshore Exploration Agreement in Gabon ExxonMobil has announced the signing of a memorandum of understanding (MoU) with the Government of Gabon to explore offshore oil and gas reserves along the country’s Central African coast. The non-binding agreement marks ExxonMobil’s renewed effort to expand its presence across Africa. The U.S. energy giant already operates in Nigeria, Angola, and Mozambique but exited Equatorial Guinea in 2022. According to an ExxonMobil spokesperson,
Sonatrach Restarts Libya Drilling in Ghadames Basin, Targets New Oil and Gas Discovery Algeria’s state energy company Sonatrach has resumed oil and gas exploration activities in Libya’s Ghadames Basin, according to the National Oil Corporation (NOC). The renewed project is located in Block 95/96, near the Algerian-Libyan border and approximately 100 kilometers from the Wafa field. Sonatrach had suspended operations in May 2014 due to security concerns but now plans to drill to a target
Rhino Resources Targets First Oil in Namibia, Challenges TotalEnergies with 2025 Drilling Campaign Rhino Resources, an emerging African oil and gas company, is preparing to drill an appraisal well in Namibia next year and conduct a flow test on a recent discovery as it races alongside TotalEnergies to bring the country’s first offshore oil to market, CEO Travis Smithard said. The company plans to drill the appraisal well at Capricornus, where it previously encountered light
João Lourenço Highlights Angola’s Oil Sector Progress; Experts Call for Acceleration Amid Global Energy Transition Luanda, Angola — In his State of the Nation Address marking the opening of the 2025–2026 parliamentary year, President João Lourenço outlined the progress achieved through ongoing reforms in Angola’s oil and gas sector, emphasizing the country’s commitment to energy development and economic diversification. The President highlighted the successful implementation of the 2019–2025 Oil Concession Allocation Strategy, which has already
Angola Earns $6.2 Billion from Oil Exports in Q3 2025, Down 22% from Last Year Luanda, Angola — Angola earned US$6.2 billion from crude oil exports in the third quarter of 2025, marking a 22.24% decline compared to the same period in 2024, according to data released on Thursday by the Ministry of Mineral Resources, Oil and Gas. The report revealed that Angola exported approximately 91 million barrels of crude oil between July and September
Tanzania Unveils $420 Million Gas-to-Liquid Plant, Set to Challenge Dangote in Africa’s Jet Fuel Market Tanzania has announced plans for an ambitious $420 million synthetic fuel project designed to transform the country into a leading exporter of jet fuel in Africa—a move that could challenge the dominance of Nigeria’s Dangote Group, which currently leads the continent’s refined fuel market. The project centers on the development of a gas-to-liquid (GTL) plant that will produce diesel, jet
Dangote Oil Refinery Rehires Dismissed Engineers After Labour Talks with PENGASSAN The Dangote Oil Refinery has reinstated several engineers who were laid off earlier this year, following negotiations with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and government officials. The affected employees were initially caught in a dispute between the refinery and the labour union, which arose after the company announced a reorganisation in September that led to staff terminations linked
