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International Gas Oil

South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns

South Africa Revives Offshore Oil Exploration Plans as Global Energy Demand Drives New Interest South Africa is reviving plans to explore offshore oil and gas resources that were first considered decades ago, as the country seeks to strengthen energy security and attract investment into its upstream sector. The exploration strategy, initially developed during the apartheid era, has gained renewed attention as global energy markets shift and countries look to secure reliable domestic energy supplies. Advances

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Corporate News International Oil

Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation

Shell Completes Namibia Offshore Exploration Campaign as Orange Basin Oil Potential Grows Shell has completed its latest offshore exploration campaign in Namibia, marking another milestone in the company’s ongoing evaluation of one of Africa’s most promising emerging oil regions. The company’s Deepsea Mira semi-submersible rig completed operations on July 2 after beginning the campaign in April. Shell decided not to exercise an option for an additional exploration well under the current contract, with the rig

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International Corporate News Oil

Renaissance Energy Makes Major Oil Discovery in Nigeria’s Offshore OML 74

Renaissance Africa Energy Discovers Oil Offshore Nigeria, Boosting Indigenous Exploration Efforts Renaissance Africa Energy Company Limited has announced a significant oil discovery in Nigeria’s offshore Oil Mining Lease (OML) 74, marking a major milestone for the country’s indigenous energy sector. The discovery was made through the successful drilling of the JK-004 exploration well, which encountered approximately 1,000 feet of hydrocarbon-bearing intervals across seven reservoirs. Initial evaluations and fluid analysis confirmed the presence of high-quality reservoirs

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Corporate News International Oil

Nigeria Surpasses OPEC Oil Production Quota as Crude Output Reaches Six-Year High

Nigeria’s Oil Production Hits 1.56 Million Barrels Per Day, Exceeding OPEC Quota After Six-Year Recovery Nigeria has exceeded its OPEC crude oil production quota after recording its highest oil output level in more than six years, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The regulator reported that Nigeria produced an average of 1.56 million barrels of crude oil per day (bpd) in June 2026, surpassing its OPEC quota of 1.5 million

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International News Oil

South Africa Plans Major Expansion of Strategic Oil Reserves to Strengthen Energy Security

South Africa Proposes 60-Day Strategic Oil Reserve Plan to Protect Against Global Supply Disruptions South Africa is planning a major expansion of its strategic petroleum reserves for the first time in decades as the government seeks to strengthen the country’s energy security and protect against future global supply disruptions. The Department of Mineral Resources and Energy (DMRE) has proposed maintaining strategic fuel reserves equivalent to 60 days of national consumption under a draft policy released

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International Corporate News Oil

Dangote Unveils Funding Plan for Major Kenya Refinery Project

Dangote Plans $17 Billion Kenya Refinery to Boost East Africa’s Fuel Security Dangote Industries is developing a financing strategy for a proposed $17 billion oil refinery in Kenya, a project that could become one of Africa’s largest refining investments and significantly reshape fuel supply across East Africa. The planned refinery is expected to have a processing capacity of up to 700,000 barrels per day and would supply refined petroleum products to Kenya and neighbouring regional

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International News Oil

Hengli Reduces Refinery Activity After Cancelling West African Oil Cargoes

China’s Hengli Cuts Refinery Operations After Cancelling West African Crude Purchases China’s Hengli Petrochemical has cancelled crude oil purchases, including cargoes from West Africa, and reduced refinery operations as the company adjusts its procurement strategy amid changing market conditions. The company cancelled purchases involving several million barrels of crude oil, including around 2 million barrels of West African crude, after previously securing supplies to support its refining operations in China. The move comes as Hengli

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International Corporate News Oil

Kosmos Energy Increases Jubilee Output After Successful Ghana Well Start-Up

Kosmos Energy Boosts Ghana Oil Production as New Jubilee Well Comes Online Kosmos Energy has increased production at Ghana’s offshore Jubilee oil field after bringing the J76 well online as part of its 2026 drilling campaign. The new well, the third completed in this year’s programme, began production in mid-June and is currently delivering around 20,000 barrels of oil per day on a gross basis. Kosmos said the well was developed using updated seismic data

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International News Oil

East Africa’s EACOP Pipeline Nears Completion Ahead of Uganda’s First Oil Exports

Uganda’s EACOP Pipeline Nears Completion as First Crude Oil Exports Targeted for 2026 Construction of the East African Crude Oil Pipeline (EACOP) is entering its final phase, with Uganda and Tanzania preparing for the start of crude oil exports through the cross-border project. The 1,443-kilometre heated pipeline will transport crude oil from Uganda’s Lake Albert Basin to the port of Tanga on Tanzania’s Indian Ocean coast, where it will be shipped to international markets.  Developers

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Local Corporate News Oil

Afentra Advances Angola Growth Strategy with Drilling, Asset Expansion and New Exploration

Afentra Accelerates Angola Growth Plans with Block 3/05 Drilling and Increased Offshore Stakes Aim-listed Afentra is accelerating its growth strategy in Angola, advancing drilling activities, expanding its offshore portfolio and progressing exploration across key assets following a strategic review that reaffirmed its commitment to remain an independent exploration and production company. At the company’s flagship Block 3/05 asset, the 2026 infill drilling campaign is under way, with drilling of the Pacassa SW well in progress.

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