The prices of crudes from Canada, South America, and Africa have jumped in recent weeks as Chinese oil import demand is rising from a decade-low, benchmark prices rally, and Middle East supply remains disrupted.
Depleted oil and gas reservoirs and existing energy infrastructure across Africa are emerging as potential foundations for carbon capture and storage (CCS) development, offering producers a way to repurpose upstream assets while reducing emissions from hydrocarbon operations.
Africa has emerged as the center of a global upstream acreage rush. That’s what Enverus Intelligence Research (EIR) said in a statement sent to Rigzone on Wednesday, which noted that the continent has captured nearly half of new upstream country entries globally “as operators broaden exploration portfolios”. EIR, which is a subsidiary of Enverus, highlighted […]
TAQA Arabia, through its subsidiary Rosetta Energy Solutions, Tanzania Petroleum Development Corporation (TPDC), and Africa50, a pan‑African infrastructure investment platform, have signed a Gas Sales Agreement (GSA) for East Africa LNG (EALNG), the venture developing Tanzania’s first small-scale liquefied natural gas (LNG) facility.
The conference, scheduled for October 12 to 16, 2026, is being positioned by the African Energy Chamber as a major continental platform for policy dialogue, dealmaking and energy investment across Africa.
Africa’s largest refinery has purchased crude oil from the United Arab Emirates for the first time, widening its supplier base as persistent shortages of Nigerian crude continue to complicate efforts to feed one of the world’s biggest single-train refining complexes.
Nigeria’s Dangote Petroleum Refinery is redrawing fuel trade routes across Africa after a performance test pushed crude processing to 700,000 barrels per day, exceeding its 650,000 bpd nameplate capacity for the first time.
For decades, Africa’s place in the global oil economy was not merely subordinate; it was designed to be so.
Africa’s richest person, Aliko Dangote, is targeting a $50 billion valuation for his flagship refinery business ahead of a planned stock market listing in Nigeria later this year, people familiar with the matter have told Bloomberg.
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.