ExxonMobil

Nigeria
President Tinubu approves Nigerian National Petroleum Co blocks sale

The head of the national oil company hopes to offer some of his stakes in blocks for sale in the coming weeks. After obtaining presidential approval, he has enlisted a bank to structure the transaction.

The New Guard
Namibia, Nigeria, Madagascar

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

NamibiaFanuel Shinedima, young oil sales representative

NigeriaIkechukwu Anoke, health insurance pioneer

MadagascarWilliamson Razafindrano, TIM's new rising star

Central Africa
Discussions on funding for mining and oil site restoration reach impasse

Despite years of discussions, the BEAC still hasn't managed to reach an agreement with extractive industries representatives. Negotiations are stalling over the sensitive issue of repatriating funds to the CFA franc zone for the restoration of mining and oil sites.

Mozambique
TotalEnergies fights its corner on Mozambique LNG permit extension

The French oil major is working to convince the state, under Daniel Chapo, to review certain provisions of its contract on offshore block 1.

Equatorial Guinea
Future of Zafiro oil field still unclear

US junior oil company Hunt Oil and oil services company Baker Hughes have signed a memorandum of understanding with Malabo with the aim of saving this mature field off the island of Bioko.

Nigeria
The NNPC's new management is readying its first block sale

After suspending all oil block disposals handled under the previous management, Bashir Bayo Ojulari is about to restart the process. Around a dozen blocks have already been put up for sale.

Mozambique
ENI comes to decision on Coral Norte

The process for the launch of the country's second FLNG facility has been sped up over recent weeks thanks to conclusive discussions between the Italian oil and gas major and the Mozambique authorities.

Nigeria
TotalEnergies' new deal may be subject to appeal

Announced with great fanfare, the acquisition of two new exploration licences by the French oil major, in partnership with Sapetro, remains subject to a possible appeal of a decision made in June 2025. The former owner of the blocks in question is contesting the sale.

Mozambique
Minister Sengo now presidency's sole point of contact for oil majors

Ricardo Sengo, minister to the presidency for civil matters, has become the sole point of contact for the French and American oil majors, following the withdrawal of João Osvaldo Moisés Machatine.