Algeria, Africa’s largest country by landmass, has built much of its modern economic architecture on hydrocarbons. When global oil prices briefly surged above $100 per barrel amid geopolitical tensions involving.
Rising geopolitical tensions involving Iran and disruptions to shipping through the Strait of Hormuz, a corridor that carries nearly one-fifth of global oil supply, have once again exposed the fragility.
Nigeria has achieved a major breakthrough in its upstream sector by finally resolving years of legal entanglement that had left a significant deepwater asset stranded, despite acquittals in Italian courts..
Nigerian National Petroleum Corporation (NNPC) CEO Engr. Bashir Bayo Ojulari has reframed Africa’s energy narrative, transforming it into a compelling opportunity for infrastructure-led growth at the recent 2026 International Energy.
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,.
