Angola has emerged as a major supplier of quality crude oil on the global markets, indicating a strategic pivot away from Russian crude. This development is redrawing long-term supply lines.
In 2023, Chad nationalised ExxonMobil’s upstream assets, marking one of the most consequential turning points in the country’s modern petroleum history. The move indicated a decisive shift from multinational-led oil.
Nigeria has emerged as the single largest beneficiary of China’s Belt and Road Initiative in 2025, following an estimated US$24.6 billion construction commitment tied to the Ogidigben Gas Revolution Industrial.
Africa’s upstream sector is entering a more disciplined, selective phase one where capital is no longer chasing breadth, but certainty. Global energy companies, constrained by shareholder pressure, energy-transition mandates, and.
Benin is on the brink of something it has not experienced since the late 1990s: the return of crude oil production. This is not a dramatic rebranding of Benin as.
Uganda’s state-owned National Oil Company (UNOC) is set to acquire a $2 billion loan from Vitol Bahrain EC (VBA) to fund oil-linked infrastructure, including a domestic refinery, pipelines, storage terminals,.
For decades, natural gas flaring has been a persistent challenge for oil-producing nations, representing both an environmental hazard and a missed economic opportunity. Globally, the World Bank estimates that over.
South Africa’s PetroSA has facilitated a deal giving Shell Offshore a 60% stake in Block 2C off the west coast. This represents a strategic shift in how the country approaches.
Nigeria, Africa’s largest crude oil producer, has officially kicked off its 2025 oil licensing round, offering 50 blocks to international and local investors. The move, spearheaded by the Nigerian Upstream.
Uganda’s oil dream has become more than a promise but a living reality, shifting investor confidence and showcasing Africa’s right to develop its resources. The East Africa Crude Oil Pipeline.
