Africa Archives - Oil & Gas 360

Deepwater, LNG infrastructure to drive Africa’s next energy expansion cycle

May 12, 2026

(World Oil) – Africa’s next energy growth cycle will be driven less by new discoveries and more by the ability to build infrastructure, expand LNG capacity and monetize existing reserves, according to analysts participating in the State of African Energy 2026 Outlook webinar hosted by the African Energy Chamber (AEC) and S&P Global. Speakers throughout the webinar emphasized that deepwater developments, LNG infrastructure and

Africa targets regional energy hubs to unlock oil and gas investment

April 24, 2026

(World Oil) – The African Petroleum Producers Organization is advancing plans to develop regional energy hubs aimed at improving infrastructure connectivity and scaling oil and gas investment across Africa. The strategy focuses on linking pipelines, processing facilities, LNG infrastructure and refining capacity to create more integrated regional markets. The approach is intended to address long-standing constraints that have limited the development and monetization

The global supply reset: Africa back in play

April 14, 2026

(By Oil & Gas 360) – Africa is moving back to the center of global energy strategy, and this time, the interest looks more durable. After years of underinvestment driven by capital discipline, energy transition pressures, and above-ground risk, oil majors and independents are once again allocating capital across key African basins. The shift is being driven by a familiar

European, African crude oil prices hit records on supply disruptions despite ceasefire

April 9, 2026

(BOE Report) – European and African crude oil prices climbed to fresh records on Wednesday, defying a sharp selloff in oil futures after a U.S.-Iran ceasefire was reached on Tuesday, as traders priced in a prolonged disruption to physical oil supplies. The ceasefire announcement sent major benchmark Brent and WTI contracts tumbling 13% and 16% respectively on Wednesday to below

The global supply reset: Where the next barrels are coming from

April 8, 2026

(By Oil & Gas 360) – Global energy supply is being reshaped, not by a single event, but by a shift in where the next barrels are coming from. For much of the past decade, the story was relatively clear. U.S. shale growth, OPEC+ management, and steady demand shaped a market that, while volatile, remained broadly predictable. That framework is

Africa set to lead global high-impact exploration drilling in 2026

January 28, 2026

(World Oil) – Africa is expected to remain the world’s most active region for high-impact oil and gas exploration drilling in 2026, driven by continued interest in ultra-deepwater and frontier basins, according to new analysis from Rystad Energy. Global high-impact wildcat drilling activity carried strong momentum into 2025, with discovery success rates rising to 38% from 23% in 2024. Total discovered volumes

U.S. sanctions on Russian oil giants spark supply concerns in China

October 23, 2025

(World Oil)– U.S. sanctions on Russia’s energy giants are sending shockwaves deep into the heart of China’s oil industry, where both state and private refiners face heightened pressure to keep up supplies while steering clear of penalties. As much as 20% of China’s crude imports — about 2 MMbpd in the first nine months of this year — come from

Africa’s oil and gas investment to hit $43 billion in 2025

March 13, 2025

(Oil Price) – Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Longer term projections point to capital expenditure (capex) hitting a decade-high of $54 billion in 2030, thanks to fresh final investment

African national oil companies (NOCs) partnering with independents to drive E&P

March 10, 2025

(World Oil) – Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, NOCs are emerging as strong partners for foreign firms. Boosting production Major oil producers in Africa are striving to boost production

African Energy 2024: Surging investment, waves of change

December 17, 2024

(World Oil) – I’ve said for years that African energy is a vital investment. Backers clearly agree — to the tune of USD47 billion. That’s how much capital expenditure (capex) 2024 saw in African oil and gas, showing a 23% increase from last year. Better yet, we expect growth to continue through the end of the decade. This capex activity

Europe, Africa crude market tightens on Red Sea disruptions, China demand

January 19, 2024

Nasdaq The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts. The disruptions have combined with other factors such as outages and rising Chinese demand to increase competition for crude supply that

GlobalData: Nigeria to account for 24% of oil and gas projects starting up in Africa by 2026

May 9, 2022

World Oil More than 100 oil and gas projects should commence operations in Nigeria during the next four years, accounting for more than 24% of the predicted total projects starts during that time, predicts GlobalData, a data and analytics company. GlobalData’s report, ‘Africa Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost,

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