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AfrOil has always been at the forefront of news and analysis on political change in Africa. Leading commentaries in recent years have covered the Arab Spring in North Africa, the splitting of Sudan, and regional political divides in Nigeria and other countries. AfrOil not only provides analysis of what is happening on the political landscape, but gives insights in to what effects this may have on the oil & gas industry in these regions.
AfrOil highlights company activity throughout Africa, from planning and investment to production and results. Through its coverage of new projects and developments, as well as contracts or tenders being announced and won, AfrOil has allowed our customers to keep ahead of their competition and look for new opportunities across the continent.
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Eni exports 150 LNG shipments in four years from Mozambican project
A Mozambican liquefied natural gas (LNG) project operated by Italian giant Eni (BIT: ENI, NYSE: E) has exported more than 150 shipments since it started operating in November 2022.
Turkey seeks to renew LNG deal with Algeria ahead of 2027 deadline
Turkey is seeking to renew its long-standing liquefied natural gas agreement with Algeria before the current contract expires in September 2027
Togo studies gas network linking Ivory Coast and Benin
Togo is preparing feasibility studies for a World Bank-backed regional gas project that could link LNG imports at Lomé with new power, industrial and cross-border supply infrastructure.
Ghana, UAE deepen energy alliance as Abu Dhabi eyes oil and gas investments
Ghanaian President John Mahama and United Arab Emirates leader Sheikh Mohamed bin Zayed Al Nahyan agreed to deepen strategic cooperation in the energy sector, including proposed UAE investments in oil and gas storage facilities in Ghana.
Cameroon secures $206mn for Kribi refinery as fuel import reduction drive accelerates
Cameroon has secured $206mn in bank financing for the CSTAR refinery project in Kribi, advancing plans to reduce dependence on imported fuel products while rebuilding domestic refining capacity after the prolonged shutdown of the SONARA refinery.
Kenya to begin first commercial oil production from Turkana fields before end of 2026
Kenya is set to begin commercial oil production for the first time before the end of 2026, with output from the South Lokichar fields in Turkana expected to start at about 20,000 barrels per day (bpd) and rise to 50,000 bpd.
Mozambique increases diesel price by 45.5% to $1.80/litre on Iran War oil price trigger
Mozambique’s government has increased the price of diesel by 45.5% and that of petrol by 12.1% in response to the increase in oil prices on the global market as the Middle East crisis drags on.
Egypt signs framework deal with BP, Harbour Energy to develop Mediterranean gas fields
Egypt’s energy authorities have signed a framework agreement with British energy major BP and its partner Harbour Energy to establish the executive framework for developing oil and gas reserves in the North King Mariout area and the Arish field
ExxonMobil's $30bn LNG project in Mozambique to generate $150bn for fiscus
A $30bn project led by American supermajor ExxonMobil (NYSE: XON) to produce liquefied natural gas (LNG) in northern Mozambique is projected to contribute up to $150bn to the southern African economy over 30 years.
D3 Energy strengthens South African helium position by 65% amid global supply concerns
D3 Energy Ltd (ASX:D3E, OTCQX:DNRGF), an Australian energy exploration company focused on helium and natural gas development in South Africa’s Free State Province, has significantly expanded its certified helium and methane resource base.
Energy firms to pump $19bn investments into Egypt’s oil sector over coming 3 years, says PM
PM Madbouly said Eni (BIT:ENI) has allocated investments worth $8bn, while BP (LSE:BP) plans to invest $5bn. UAE-based Arcius is expected to contribute $2bn, alongside $4bn from US energy group Apache (NYSE:APA).
Panoro targets 20,000 bpd after low-cost acquisition stake in Block G offshore Equatorial Guinea
Panoro Energy (OSE:PEN) said a $180mn acquisition raising its stake in Equatorial Guinea’s Block G to 54.625% will nearly double reserves and support production growth towards 20,000 bpd in 2027 as the company expands its African offshore portfolio
Tullow Oil posts drop in revenue, profit for 2025 as Ghana pivot drives restructuring
Tullow Oil Plc (LSE/GSE:TLW) reported lower 2025 revenue of $847mn as it completed a strategic pivot to Ghana, cutting debt to $1.35bn and securing refinancing to 2028+, positioning the company to generate $70–175mn in free cash flow in 2026.
Mozambique resumes LNG projects as industry pushes for inclusive growth
Industry leaders emphasise that long-term success of Mozambique LNG sector development depends on inclusive growth, local participation and stronger community engagement.
Egypt and Algeria sign crude supply deal, expand energy cooperation
Egypt and Algeria have signed a memorandum of understanding (MoU) to facilitate the purchase of Algerian crude oil, while also exploring broader cooperation in the oil and gas sectors
Qatari Green Sky Capital finances major sustainable aviation fuel facility in Egypt
Qatari-based firm Green Sky Capital has signed a major financing agreement for a pioneering sustainable aviation fuel (SAF) production facility in Ain Sokhna
Nigeria draws nearly 300 bidders for 50 oil blocks in 2025 licensing round
Nigeria has attracted close to 300 bidders for 50 oil blocks in its 2025 licensing round, signalling renewed investor interest in the upstream sector following recent regulatory reforms
Ghana seals gas expansion deal with Eni and Vitol in push for energy security
Ghana has signed a new agreement with Italian energy giant Eni, Vitol and the Ghana National Petroleum Corporation to expand domestic gas production, as the country seeks to strengthen energy security and reduce reliance on imported fuel
Kenya and Tanzania agree energy pact for Dar es Salaam–Mombasa gas pipeline feasibility study
Tanzania and Kenya on May 4 signed a bilateral energy agreement centred on a proposed natural gas pipeline linking Dar es Salaam to Mombasa, marking a new phase in cross-border infrastructure cooperation
Trafigura eyes 36.36% stake in South Africa's Natref oil refinery
Trafigura is among bidders for a 36.36% stake in Sasol’s Natref refinery in South Africa, as demand growth and limited refining capacity boost interest in strategic fuel assets following Prax Group’s administration.
Nigeria’s NNPCL signs MoU with Chinese companies to revive refineries with equity partnership model
Nigeria’s state oil company entered wants Chinese firms to accelerate the overhaul and restart of the state-owned 210,000-bpd Port Harcourt and 125,000-bpd Warri refineries amid soaring oil prices.
Fuel prices in Morocco ease in May after weeks of sharp increases
Fuel prices in Morocco declined by around MAD 1 ($0.1) per litre in May, marking the first notable correction after weeks of consecutive increases that had pushed prices to record levels.
TotalEnergies Marketing Ghana profit drops 26% y/y in Q1 amid weak sales
TotalEnergies Marketing Ghana PLC (GSE:TOTALGH) posted a 26% year on year (y/y) decline in profit after tax for the first quarter ended March 31, 2026, as revenues fell sharply amid weaker sales.
IMF implores Angola to use increased oil revenue to reduce its debt as crude prices surge
The International Monetary Fund (IMF) has urged Angola to use any unbudgeted oil revenue to reduce its debt while maintaining its fiscal consolidation stance.
Shell to begin gas production from Egypt’s West Mina field late 2026
International oil major Shell (NYSE:SHEL) is set to begin natural gas production from Egypt’s West Mina field in the Mediterranean Sea in Q4 2026, in partnership with Kuwait Foreign Petroleum Exploration Company (KUFPEC).
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