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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

Sall's UN bid highlights Senegal's oil and gas legacy

Former Senegalese President Macky Sall, who oversaw Senegal's transition into an oil- and gas-producing nation during his 2012 to 2024 presidency, is visiting Dakar on July 17, 2026 to campaign for the post of UN secretary-general, meeting President Bassirou Diomaye Faye before departing. Sall remains a divisive figure over his bid to postpone the 2024 election and allegations of understated government debt, which he denies.

LibertyStream raises funds to extract lithium from oilfield brine

TSX-V-listed LibertyStream has launched a non-brokered private placement of up to 25-million units at C$0.80 each, aiming to raise up to C$20-million to develop its direct lithium extraction technology and scale up lithium carbonate production in Texas. The company deploys its technology in existing oil and gas infrastructure and recently secured an offtake deal for 60% of planned output from its Freedom 1 facility with a US industrial customer.

Steadfast Scotland marks decade under The Marla Group

Bolting solutions manufacturer Steadfast Scotland has marked ten years since its acquisition by pipes and fittings supplier The Marla Group, strengthening the group's oil and gas offering alongside HPF Energy and Promat. The businesses are now diversifying into renewables, carbon capture and storage, and nuclear.

Oil And Gas Updates


Tradestream Project Logistics
Tradestream Project Logistics
Updated 4 hours ago

Specialist project logistics division of Tradestream, Tradestream Project Logistics, provides comprehensive logistics solutions for large-scale industrial and infrastructure projects throughout... 


The above image depicts the Boltight hydraulic bolt tensioning equipment
Hydraulic bolt tensioning equipment ensures even preload
Updated 4 hours ago

Particularly useful for bolts on valves, pipes, pumps and engines, the Boltight hydraulic bolt tensioning equipment – included in industrial equipment supplier BMG’s Nord-Lock bolting solutions... 


Fossil generation ‘substituted’ by renewables in 2025  amid electricity tipping point
Fossil generation ‘substituted’ by renewables in 2025 amid electricity tipping point
Updated 4 hours ago By: Terence Creamer

Record global electricity demand last year was met entirely by low-carbon sources, resulting in fossil fuels generation being substituted rather than supplemented, the Energy Institute’s... 


A LibertyStream lithium refining unit in Texas
Lithium producer LibertyStream announces C$20m fundraise
14th July 2026 By: Marleny Arnoldi

TSX-V-listed LibertyStream has announced a non-brokered private placement of up to 25-million units at a price of C$0.80 apiece, to raise up to C$20-million. Each unit will comprise of one common... 


An image of Scott Macleod and Lucy Clinton-Massie
Milestone celebration caps off decade of growth
10th July 2026

Last month marked the tenth anniversary of the acquisition of bolting solutions manufacturer Steadfast Scotland by pipes and fittings supplier The Marla Group – a milestone capping a decade of... 


Petrobas tanks
Petrobras signs $58m deal with Brazil regulator to bring wells into compliance
8th July 2026 By: Reuters

Brazilian State-run oil firm Petrobras signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both... 


A globe focused on Africa
Africa attracted investment in 2025; the challenge is turning it into broader industrial development – Unctad
7th July 2026 By: Schalk Burger

Foreign direct investment (FDI) inflows to Africa reached about $70-billion in 2025, which was below the exceptional $94-billion recorded in 2024, but was the third-highest number since 1990 and... 


Nigeria joins IEA, boosting global energy governance
2nd July 2026 By: Schalk Burger

Nigeria has joined global organisation the International Energy Agency (IEA), which deepens the IEA's cooperation with Africa’s most populous nation and marks a milestone for global energy... 


Shell logo
Shell nears $1bn South Africa fuel stations sale to Adnoc unit
30th June 2026 By: Bloomberg

Shell is nearing the sale of its fuel stations in South Africa to a unit of Abu Dhabi’s biggest oil company in a deal valued at about $1-billion, according to people familiar with the matter. Shell... 


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... 


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