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Oil And Gas

Oil and gas is a major global industry encompassing the exploration, extraction, refining, transportation and marketing of crude oil and natural gas, two of the world's most important energy sources and industrial feedstocks. The sector is typically divided into upstream activities (exploration and production), midstream operations (transportation, storage and wholesale marketing) and downstream processes (refining, distribution and retail). Africa is home to significant hydrocarbon reserves, with major producing countries including Nigeria, Angola, Algeria, Libya, Egypt and emerging players such as Mozambique, Tanzania and Namibia. Oil and gas revenues are critical to the fiscal health of many African economies, funding government budgets, infrastructure development and social programmes, though dependence on hydrocarbon exports also exposes countries to commodity-price volatility and the resource curse. The industry attracts substantial foreign direct investment from international oil companies and national oil corporations, and is subject to complex regulatory frameworks, production-sharing agreements and transparency initiatives such as the Extractive Industries Transparency Initiative. Environmental and climate considerations are reshaping the sector, with growing pressure to reduce carbon emissions, manage methane leakage and transition towards cleaner energy sources. Governance challenges, including corruption, contract opacity and community displacement, remain significant concerns in many African oil and gas jurisdictions. The sector's capital intensity, technical complexity and geopolitical significance ensure it remains a focal point of business coverage, policy debate and investment analysis across the continent.

Latest Articles in 60 Seconds

Libya signs production-sharing agreements with international energy firms after first licensing round in nearly two decades

Libya's National Oil Corporation has signed production-sharing agreements with Repsol, Türkiye Petrolleri, Eni, QatarEnergy and a consortium comprising MOL Group, Türkiye Petrolleri and Repsol following the country's 2025 bid round. The OPEC member awarded exploration blocks in February to companies including Chevron, Eni, QatarEnergy and Repsol as it seeks to raise oil production capacity to two-million barrels a day from around 1.4-million barrels a day currently.

Mantashe calls for stronger refining capacity and accelerated oil and gas development

Mineral and Petroleum Resources Minister Gwede Mantashe has reiterated government's commitment to strengthening South Africa's energy security through increased refining capacity, strategic fuel stocks and accelerated oil and gas developments, warning that recent Middle East geopolitical conflict has exposed risks of excessive reliance on imported refined petroleum products. He highlighted that existing domestic refining infrastructure accounts for only 40% of South Africa's fuel requirements and stressed the need to restore additional local refining capacity through revitalisation of the South Africa Petroleum Refineries in Durban, while the Department of Mineral and Petroleum Resources is working to accelerate environmental approvals for offshore oil and gas exploration projects in the Orange basin.

Invictus Energy signs Zimbabwe gas production-sharing agreement for Cabora Bassa project

Australia's Invictus Energy has signed a petroleum production-sharing agreement with Zimbabwe for its Cabora Bassa gas project, with the company preparing to drill its next Musuma-1 exploration well in the second half of 2026, targeting 1.2 trillion cubic feet of gas and 73-million barrels of condensate resource. In 2023, Invictus declared large gas condensate discoveries at its Mukuyu gas field, potentially opening up a new inland oil and gas frontier in Zimbabwe.

Oil And Gas Updates


Image of Roto Mining Station 1022
Pumping technologies for tough fluid handling challenges
26th June 2026

Modern process industries such as abrasive mining slurries, explosive emulsions, and highly viscous industrial fluids require reliable, efficient, and safe pumping systems that offer ease of... 


Digital services poised to play a defining role in operational resilience across West Africa
Digital services poised to play a defining role in operational resilience across West Africa
18th June 2026

By: Nnadozie Ogbuehi - Vice President for Services, SSA at Schneider Electric Across West Africa, organisations are increasingly rethinking how they manage critical assets and operational... 


Libya landscape
Libya's NOC signs production-sharing deals with foreign firms after licensing round
15th June 2026 By: Reuters

Libya's National Oil Corporation (NOC) has signed production-sharing agreements with several international energy companies following the country's first licensing round in nearly two decades, its... 


Mineral and Petroleum Resources Minister Gwede Mantashe
Mantashe calls for stronger refining capacity amid global energy instability
10th June 2026 By: Lumkile Nkomfe

Mineral and Petroleum Resources Minister Gwede Mantashe has reiterated government’s commitment to strengthening South Africa’s energy security through increased refining capacity, strategic fuel... 


Schneider Electric introduces next-generation BlokSeT switchboard for advanced, reliable power distribution in West Africa
8th June 2026

Schneider Electric, a global energy technology leader, has announced the availability of its next-generation BlokSeT low-voltage (LV) switchboard for the West African marketplace. The switchboard... 


VEGA to Showcase Cutting-Edge Measurement Technology at Electra Mining Africa 2026
5th June 2026

(Virtual Showroom) Electra Mining Africa is one of the most significant dates on the industrial calendar, and this September, VEGA will be bringing its world-class measurement technology to the... 


Invictus Energy signs Zimbabwe gas deal for its Cabora Bassa gas project
27th May 2026 By: Reuters

Australia's Invictus Energy signed a petroleum production sharing agreement (PPSA) with Zimbabwe on Wednesday, a key step as it looks to advance its Cabora Bassa gas project, company executives... 


Mantengu CEO Magen Naidoo (left), Averi Finance founder and CEO Gaspar Lino (right)
Averi Finance, Mantengu set out to create an enlarged pan-African investment platform
20th May 2026 By: Lumkile Nkomfe

African investment and advisory firm Averi Finance and JSE-listed mining investment company Mantengu have entered into substantive negotiations for a reverse merger that will create a pan-African... 


Iron-ore operation in Brazil
Brazil proposes three-phase carbon market rollout starting 2027
20th May 2026 By: Reuters

Brazil's Finance Ministry on Tuesday released a preliminary proposal for phased sectoral coverage of the country's regulated carbon market, outlining which industries will be required to report... 


Comprehensive modular thermometer portfolio for industrial temperature measurement
Comprehensive modular thermometer portfolio for industrial temperature measurement
19th May 2026

Endress+Hauser introduces iTHERM ModuLine, a versatile portfolio of modular thermometers designed for both general and demanding industrial applications. With only seven product variants, the range... 


VEGA’s Nucleonic Solutions: Advancing Energy Sector Measurement
VEGA’s Nucleonic Solutions: Advancing Energy Sector Measurement
13th May 2026

(Virtual Showroom) Reliable, Non-Contact Density and Mass Flow Measurement for Modern Energy Applications Accurate and dependable process measurement is vital in the energy industry. VEGA delivers... 


STRENGTHENED COOPERATION 
Senegal and Nigeria have committed to strengthening cooperation in areas such as refining, policy development, gas monetisation and national oil company collaboration
Senegal, Nigeria deepen cooperation to strengthen energy ties
24th April 2026

Gas monetisation and broader gas cooperation will become central to strengthening energy ties between Senegal and Nigeria, following a high-level working visit aimed at deepening collaboration... 


Energy security top of the Bill as African oil refiners solve robust defences against the vagaries of international markets at ARDA 20th annual conference
17th April 2026

Geopolitics has become the key driving force of international product markets and as a result, energy security has become more unstable than ever before. So, Africa must concentrate on industrial... 


The biggest LNG boom in history is testing EPC firms to their limits
The biggest LNG boom in history is testing EPC firms to their limits
16th April 2026

As industry pressures mount, the margin for error has narrowed, writes Hanno Van Niekerk, Market Leader – Sub Saharan Africa The world is in the middle of the largest LNG infrastructure buildout in... 


TotalEnergies announces hydrocarbon discovery offshore Congo-Brazzaville
13th April 2026 By: Schalk Burger

Oil, gas and energy company TotalEnergies has made a hydrocarbon discovery on the Moho licence, offshore Congo-Brazzaville, following the drilling of the MHNM-6 NFW exploration well targeting the... 


In a water-scarce country every energy decision is a water decision
10th April 2026

By: Paul Wani Lado - attorney at the Centre for Environmental Rights Every March, as South Africa observes National Water Week and World Water Day, we are reminded that safeguarding our water... 


African Energy Chamber seeks to join African Court proceeding regarding climate change
8th April 2026 By: Rebecca Campbell

The African Energy Chamber (AEC) has applied to become an amicus curiae (friend of the court) in an advisory proceeding which is currently before the African Court on Human and Peoples’ Rights. The... 


Businesses urged to watch key signals as Middle East conflict continues
Businesses urged to watch key signals as Middle East conflict continues
31st March 2026 By: Sabrina Jardim

As global geopolitical tensions and economic shifts unfold rapidly, the conflict in the Middle East holds many implications across multiple sectors globally, including energy, which require... 


VEGA’s winning formula for reliable process control
VEGA’s winning formula for reliable process control
27th March 2026

For over 60 years, VEGA has been at the forefront of level and pressure measurement technology, supporting industries such as chemicals, food, mining, pharmaceuticals, water, oil and gas. Committed... 


Oil execs say price swings make it hard to 'drill, baby, drill'
Oil execs say price swings make it hard to 'drill, baby, drill'
26th March 2026 By: Reuters

Activity in the US oil and gas sector in the key producing states of Texas, Louisiana and New Mexico increased in the first quarter of 2026 although output was steady for now, a survey released by... 


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