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 Updates
Is Namibia's Nandi-Ndaitwah matching her anti-corruption rhetoric with action?
By: ISS, Institute for Security Studies 8th May 2026 The president has fired ministers and condemned graft as treason – yet the system enabling it remains intact. Namibian President Netumbo... →
Committee to investigate possibility of -National Assembly rule 227 (1)(c) enquiry into affairs Industrial Development Corporation
7th May 2026 The Portfolio Committee on Trade, Industry and Competition has welcomed the annual performance plan and renewed strategic vision presented by the... →
Businesses urged to watch key signals as Middle East conflict continues
By: Sabrina Jardim 31st March 2026 As global geopolitical tensions and economic shifts unfold rapidly, the conflict in the Middle East holds many implications across multiple sectors... →
SA: Gwede Mantashe: Address by Minister of mineral and petroleum resources, at the Southern Africa oil and gas conference (16/03/2026)
17th March 2026 While questions remain about potential fuel supply disruptions, the reality is that substantial fuel price increases are increasingly unavoidable.... →
Climate change assessment reports for environmental authorisations: When judicial precedent outpaces regulatory clarity
3rd February 2026 South African environmental law is undergoing a decisive shift in how climate change considerations are integrated into environmental authorisation... →
How BP’s new boss became the most powerful woman in fossil fuels
By: Bloomberg 18th December 2025 Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil... →
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