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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.

Oil And Gas News


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... 


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... 


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... 


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... 


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... 


Image showing the generation of hydrogen and its use in industry
Global low-carbon hydrogen production is growing, but still constrained 
26th March 2026 By: Rebecca Campbell

The global total of low-carbon hydrogen production capacity has grown significantly over the past few years, but the sector remains constrained because of uncertain demand and limited investment.... 


The aabove image depicts Offshore Petroleum Association of South Africa (OPASA) national spokesperson Niall Kramer
Onshore preparation determines offshore potential – OPASA
20th March 2026 By: Lynne Davies

As unemployment in South Africa reaches crisis levels, onshore preparation will determine whether offshore oil and gas potential can sustain jobs while integrating affiliated small and medium-sized... 


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