Oil & Gas

AEW community mourns Gabon rig tragedy, backs search for five missing workers By Eyo Nsima The African Energy Week (AEW) community has expressed deep condolences to the people of Gabon, the families of affected workers and the companies involved in the sinking of the Prospector 5 jack-up rig offshore Gabon, as the search continues for

Africa Must Invest in Gas to Close Energy Gap By Dr. Philip Mshelbila It is a great pleasure to attend African Energy Week for the first time as Secretary General of the Gas Exporting Countries Forum (GECF). I sincerely thank our host, the African Energy Chamber, for the invitation and warm hospitality. The theme of

Africa’s Oil Demand to Nearly Double by 2050 on Population Growth — OPEC   From now to 2050, global primary energy demand is projected to rise from 312 million barrels of oil equivalent per day (mboe/d) to nearly 383 mboe/d, representing an increase of about 23 per cent, with virtually all the growth coming from

Petrosen Targets Yakaar-Teranga FID by 2027, Seeks Partners   Senegal’s national oil company, Petrosen, is targeting a final investment decision (FID) on the Yakaar-Teranga gas project by the end of 2027 as it seeks partners to advance development of the offshore field. The project is central to Senegal’s plans to expand domestic gas supply, reduce

Cooking gas hits ₦1,600/kg as NALPGAM warns against unsafe practices By Eyo Nsima The average price of Liquefied Petroleum Gas (LPG), also known as cooking gas, rose by seven per cent to ₦1,600 per kilogramme in September 2026 from ₦1,500 in August, prompting marketers to demand urgent government intervention to stabilise supply and improve affordability.

Uganda Targets First Oil by June 2027, Refinery by 2030   Uganda is targeting its first commercial oil production by June 2027 and plans to complete its domestic refinery by 2030, as the country advances infrastructure to export crude and strengthen local fuel supply. Kristina Kasebayo, Head of Compliance at the Uganda National Oil Company

Senegal Opens 104 Oil, Gas Blocks to Investors, Seeks New Deals   Senegal has opened 104 oil and gas blocks to investors and is seeking new exploration and production agreements to accelerate development of its petroleum resources. El Hadji Abdourahmane Diouf, Minister of Energy and Petroleum, disclosed this at African Energy Week (AEW) 2026 in

MT Asharami Ghana Delivers 5,000MT LPG Cargo to Ghana, Boosts Energy Security, Regional Trade   MT Asharami Ghana, a 40,000-cubic-metre Liquefied Petroleum Gas (LPG) carrier has delivered 5,000 metric tonnes of LPG in its maiden voyage to Ghana, boosting efforts to strengthen energy security, LPG supply reliability and position the nation as a strategic hub

Namibia raises petrol price by N$1.50, secures N$220.5m fuel saving   Namibia will increase the pump price of petrol by N$1.50 per litre from October 7, 2026, while keeping diesel prices unchanged, following sharp increases in international petroleum prices. Minister of Industries, Mines and Energy, Modestus Amutse, announced the decision Friday, assuring consumers that the

Africa’s oil story: 140 years from Egypt to Namibia By Eyo Nsima Africa’s oil story began in Egypt in 1886. Nearly 140 years later, the continent has become home to some of the world’s major oil-producing regions, with Nigeria, Libya, Algeria, Angola and Egypt among its leading producers, while Senegal has joined the producing group