Shell Greenlights $2B HI Offshore Gas Development with Sunlink Energies, Strengthening Nigeria’s LNG Export Capacity British energy giant Shell (SHEL.L) has approved a $2 billion investment in the HI offshore gas development project in Nigeria, in partnership with Sunlink Energies, according to Reuters. The HI project is expected to produce 350 million standard cubic feet of gas per day for Nigeria LNG (NLNG), reinforcing the nation’s standing as a major global exporter of liquefied natural
A study conducted under the Strategic Eyasi-Wembere Project, aimed at exploring oil and gas in the East African Rift Valley, has revealed significant potential for oil discoveries in northern Tanzania. During a recent site visit to Karatu District in the Arusha Region, Dr. James Mataragio, Deputy Permanent Secretary in the Ministry of Energy, announced the promising results. Dr. Mataragio explained that the research, which began in 2015, has generated extensive data confirming the presence of
Nigeria Strengthens Crude Export Infrastructure with 2.2 Million-Barrel FSO Cawthorne Offshore Bonny Nigeria has commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel near the Bonny export terminal, marking a significant step in enhancing the country’s crude oil export capabilities. The development highlights the nation’s commitment to strengthening infrastructure in Africa’s top oil-producing economy. The FSO Cawthorne, with a storage capacity of 2.2 million barrels, is designed to streamline crude transportation from Oil
Senegal Announces $5B SAR 2.0 Refinery Project to Achieve Energy Self-Sufficiency by 2029 Senegal is advancing plans to build a second oil refinery, a $5 billion project aimed at meeting rising domestic fuel demand, reducing reliance on imports, and positioning the country as a potential regional exporter. The proposed SAR 2.0 refinery would add 4 million tons of refining capacity per year by 2029. The project has attracted financing interest from China, Turkey, and South
Senegal Relies on Nigerian Crude Despite Rising Local Oil Output — Dakar Refinery’s Supply Challenges Explained Senegal has emerged as a significant importer of Nigerian crude, highlighting a paradox in Dakar’s oil sector. Despite joining Africa’s league of oil-producing nations in 2024, Senegal still struggles to process its own crude oil efficiently. Industry data from energy analytics firm Kpler reveals that Senegal’s 30,000-barrel-per-day (kbd) Dakar Refinery is running predominantly on Nigeria’s Erha crude. Shipments have
Chevron Completes Seismic Data Acquisition for Angola’s Blocks 49 and 50, Boosting Offshore Exploration American multinational energy company Chevron has completed seismic data acquisition for Blocks 49 and 50, located in the ultra-deepwaters of Angola’s Lower Congo Basin. The company is now moving forward with data processing to assess the blocks’ exploration potential. This initiative is part of Chevron’s broader strategy to expand offshore exploration in Angola. It follows the signing of a Risk Service
Angola Plans to Grant 60 Oil and Gas Blocks by 2025 to Boost Production Above One Million Barrels Per Day Angola is on track to award 60 oil and gas concessions by the end of 2025, driven by its multi-year licensing rounds and direct negotiation program. This move represents a significant step in Angola’s strategy to maintain production above one million barrels per day. At the African Energy Week: Invest in African Energies 2025, Alcides
Norway’s BW Energy Evaluates Purchase of Azule Energy’s Non-Operating Stake in Angola’s Offshore Block 14/14K Norwegian oil and gas company BW Energy has announced that it is evaluating the potential acquisition of Azule Energy’s non-operating stake in Block 14/14K, located offshore Angola. The company emphasized that no binding agreement has been reached and there is no certainty that the discussions will lead to a transaction. In a statement published on its website, BW Energy explained
Senegal Plans $2–5 Billion Second Refinery to Boost Oil Processing and Cut Imports Senegal plans to begin construction of a second oil refinery in 2026, aiming to expand domestic processing capacity and attract between $2 billion and $5 billion in new investment, according to Abib Diop, CEO of Société Africaine de Raffinage (SAR). Diop revealed that potential investors from China, Turkey, and South Korea have already submitted financing proposals for the project. The new refinery—informally
Rhino Resources Strikes Third Offshore Gas Condensate Discovery in Namibia’s Orange Basin Block 2914A Rhino Resources has announced its third consecutive offshore discovery in Namibia’s Block 2914A, situated in the Orange Basin under Petroleum Exploration License (PEL) 85. The Volans-1X exploration well, drilled by the semisubmersible rig Deepsea Mira on July 31, encountered 26 meters of net pay in rich gas condensate reservoirs characterized by excellent petrophysical properties and no water contact. The well reached
