Browsing: Oil and Gas

• Closure of the strait of Hormuz would be severe for Africa, whose economies heavily rely on imported refined petroleum products, mostly shipped from or through the Gulf.
• Oil prices increased on Monday to their highest since January as the U.S. weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply concerns.
• Iranian parliament approved a motion to close the Strait of Hormuz at the weekend.

As global tensions escalate following U.S. President Donald Trump’s decision to bomb three Iranian nuclear sites—described by Iran’s Foreign Minister Seyed Abbas Araghchi as an act with “everlasting consequences”—the ripple effects could be devastating for Africa’s already fragile energy supply chain.

A looming threat is Iran’s long-standing but now intensifying threat to shut down the Strait of Hormuz—a strategic chokepoint through which over 20 million barrels of oil pass daily, representing nearly a fifth of global consumption.

While such a closure would be …

• US investors are now eyeing new frontiers—ranging from gas monetization and mineral development to solar and green hydrogen investments in Angola.
• Luanda has unveiled over $60 billion in oil and gas investment prospects through its National Oil, Gas and Biofuels Agency.
• These investments span exploration, development, gas processing, refining and midstream infrastructure.

Angola is charting a bold new course in its energy diplomacy—one that could redefine its economic trajectory and deepen its global alliances. Recently, Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, and U.S. Secretary of Energy, Chris Wright, reaffirmed their nations’ shared vision for a dynamic, future-focused energy partnership at a meeting in Washington, D.C.

Flanked by Angola’s Ambassador to the U.S., Agostinho Van-Dúnem, the talks signaled a strategic pivot from traditional oil and gas cooperation toward a broader agenda encompassing critical minerals and renewable energy.

With American companies already entrenched in Angola’s offshore energy investment, …

• African countries need to tap the power of the grid and every resource available to them in order to achieve what the West takes for granted every day.
• The big question, of course, is how do we get there? Who bears what burdens, and how?
• Africa deserves the chance to improve the quality of life for its people, and it has the resources to solve its own problems if given the chance.

As the hottest year ever recorded draws to a close, climate change is passing from theory to reality and gaining ever-increasing urgency in statehouses around the world. The goal of achieving net zero CO2 emissions worldwide by 2050 is widely agreed upon by climate experts as necessary to avoid irreversible changes in Earth’s weather patterns that could cause centuries of harm for everyone. The big question, of course, is how do we get there? Who bears what …

• Alignment with Trump’s energy-first ethos would mean that Africa could unlock significant funding for wide-ranging fossil fuel projects, and not just the offshore oil and gas ventures that dominate the headlines.
• The continent should capitalize on all opportunities in onshore projects, wildcat wells (exploratory drilling in unproven areas), and the proliferation of numerous small operators.
• These avenues lead the way to diversity in Africa’s energy portfolio, job creation, and massively strengthened energy security.

Donald Trump’s return to the White House in 2025 represents a pivotal moment for Africa’s fossil fuel industry. His administration’s swift reapproval of a US$4.7 billion loan from the U.S. Export-Import Bank (Exim) for TotalEnergies’ liquefied natural gas (LNG) project in Mozambique — initially greenlit in 2020 during his first term but sent into deep-freeze for the full duration of the Biden years — sets the tone for what could be a transformative era for Africa’s energy …

• Stryk Global Diplomacy picked to spearhead talks on oil and gas between Africa and U.S. President Donald Trump.
• The deal aims at ensuring that Africa’s energy interests are well represented in U.S. legislative and policy discussions.
• “Africans need energy to fix energy poverty issues and spur economic growth,” said Stryk Global Diplomacy.

The African Energy Chamber (AEC) —a lobby that represents the African energy sector–has enlisted the services of a global consulting firm, Stryk Global Diplomacy (SGD), to spearhead talks on oil and gas between the continent and U.S. President Donald Trump administration.

In an update on Tuesday, the African Energy Chamber said the move aims at ensuring that Africa’s energy interests are effectively represented in U.S. legislative and policy discussions.

“Stryk is a super Lobbyist. He understands Africa and he gets results. He is adaptive and forward-thinking. He achieves results by building consensus. I am confident he is going …

• Since 1960, more than $2.6 trillion has been pumped into Africa in the form of aid.
• From 1970 and 1998, when aid was at its peak, poverty actually rose alarmingly—from 11% to 66%—due in large part to this massive influx of foreign aid that counteracted its intended good.
• Aid decreased long-term economic growth by fuelling systemic corruption, in which powerful aid recipients funnelled foreign funds into a personal stash instead of public investment.

After President Trump announced a 90-day overseas spending freeze, Secretary of State Marco Rubio said “every dollar” must be “justified” by evidence that it makes the US safer, stronger and more prosperous. I acknowledge that stance may sound ungrateful. At first blush, many might counter that starving people have no agenda. Destitute parents still need to feed their children. Turning a blind eye to their plight is inhumane.

Let me explain why the African Energy Chamber (AEC) …

• US President Donald Trump is among the top 40 Movers and Shakers who are poised to drive change in Africa’s energy sector this year.
• The list by the African Energy Chamber includes various Heads of State and Captains of industry whose focus on sustainable development, investment mobilization and energy sovereignty will define the continent’s future.
• The accomplishments and strategies of the 40 Movers and Shakers will be critical to addressing industry challenges and harnessing opportunities for the continent’s growth.

A mix of leaders, policymakers, innovators and corporate executives are poised to further drive change across Africa’s oil, gas and energy industries, the latest update by the African Energy Chamber (AEC) shows.

The list, which is an annual benchmark of influence and innovation, announces leaders at the forefront of advancing Africa’s energy potential. According to the AEC, these individuals are reshaping narratives, overcoming challenges and championing investment and sustainability in their …

• The construction took over 20 years and bears a processing capacity of 650,000 barrels per day 250,000 per day of gasoline and 100,000 of diesel.
• The Dangote oil refinery might halt the decades-long gasoline trade from Europe to Africa worth $17 billion each year.

Dangote Oil Refinery

Aliko Dangote, Nigeria’s and Africa’s wealthiest man ambition to foster energy reliance in his motherland and the region at large might be at risk. The giant oil refinery which is said to possess the potential to end decades-long gasoline trade from Europe to Africa worth $17 billion a year.

Concerns and tensions are high as a myriad of issues emerged before and since the $ 20 billion refinery came to life. According to various news reports, including the BBC and Reuters, the construction began in 2016 and started producing diesel and aviation fuel in January this year as petrol is expected to …

• According to the Turkish Energy Minister, Turkey will have exclusive rights for search and production when we find oil in these areas.
• Turkey and Somalia signed a defense and economic cooperation agreement during the Somali Defence minister’s visit to Ankara 
• In March Somalia inked an oil and gas deal with Turkey which officials mentioned would foster cooperation in the exploration and exploitation of the deposits.

Somalia and Turkey Oil Deal

Despite being torn apart by civil war, Somalia’s geo-seismic studies have shown the war-torn country may have at least 30 billion barrels of oil and gas reserves.

Inching towards stability and fostering civil rest amid Islamic insurgents posing a threat to peace and harmony, Somalia’s newly discovered oil and gas deposits could be the nation’s breakthrough.

Although the resources take time to develop – exploration usually takes three to five years and production can only begin after the latter is …

• How Niger-Benin dispute mar $400 Million oil exports deal with China
• Tensions between neighbouring West African nations Benin and Niger are escalating amid a deepening dispute over oil exports.
• Further, Niger accused Benin of kidnapping five of its nationals.

Niger-Benin dispute

Peace in West Africa is becoming scarce as Niger and Benin dispute takes a different shift forcing Niger to consider routing its crude oil pipeline (1,930 kilometer) stretching from Agadem oil field to the port of Cotonous in Benin.

Niger’s ambition to become an oil exporting nation is threatened by internal security crisis and a diplomatic dispute with neighbor Benin. The conflict is a product of last year’s coup that toppled the West African nation’s democratic government.

According to information from Africa News, It was designed to help the oil-rich but landlocked Niger achieve an almost fivefold increase in oil production through a $400 million deal signed in April …