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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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West Africa-focused Savannah Energy ends buyback deal as Nipco buys 25% stake
Savannah plans to enter a relationship agreement with its largest shareholder, NIPCO Plc, as the Nigerian group ups its stake to 25%, replacing a previously approved share buyback with secondary market acquisitions, formal governance protections.
Canadian group Reconnaissance Energy Africa named 2026 oil, gas pick
Toronto-based Research Capital Corp. has named a local hydrocarbon firm, Reconnaissance Energy Africa (TSXV: RECO, OTCQX: RECAF, Frankfurt: OXD, NSX: REC), as the top oil and gas pick for 2026.
General strike paralyses transport across Algeria amid fuel price hikes and new traffic law
Nigeria’s NNPCL subsidiaries’ debt surges 70% to $21.12bn in 2024 amid reforms
Inter-company debts within Nigerian National Petroleum Company Limited (NNPCL) rose by 70.4% to NGN30.3 trillion ($21.12bn) in 2024
Egypt signs two agreements to supply Syria with gas and petroleum products
Egypt has signed two agreements with Syria to supply natural gas for electricity generation and to meet the country’s needs for petroleum products
Helios exits Nigeria’s Axxela with full sale to BlueCore consortium
Helios Investment Partners has sold its entire 75% stake in Nigerian gas distributor Axxela Limited to BlueCore Gas InfraCo Limited
Kosmos shares jump on Ghana oil boost, LNG ramp-up and debt moves
Shares in Kosmos Energy rose nearly 5% after the US-listed independent reported strong operational momentum in Ghana and West Africa, alongside steps to shore up its balance sheet.
Ghana’s $11.5bn oil windfall risks waste without long-term plan, watchdog says
Ghana has earned more than $11.5bn from petroleum revenues since 2011, but weak planning and inconsistent management threaten to blunt the impact of the oil windfall, a statutory watchdog has warned.
Geopolitical volatility triggers OPEC+ retreat to market neutrality
The leading factions of the OPEC+ alliance have opted to maintain current crude production ceilings
EACOP 79% complete, on track for July 2026 completion as Uganda upstream readies
The East African Crude Oil Pipeline is 79% complete and on track for July 2026, with developers focusing on synchronising commissioning with Uganda’s Tilenga and Kingfisher upstream projects as the $5bn export system moves toward first oil.
Libya's oil revenues rise 15% y/y to $21.9bn in 2025 on higher production
Libya’s National Oil Corporation (NOC) said the country’s oil revenues reached $21.9bn in 2025, marking a 15% year-on-year (y/y) increase, supported by the highest average production levels in a decade.
Aradel raises ND Western stake to 87.67% via $40mn acquisition as Nigeria’s local producers scale up
Aradel Holdings completes acquisition of an additional 40% stake in ND Western, lifting its ownership to 81.67% and consolidating control of a key Nigerian onshore oil asset as local producers continue to expand following international divestments.
Angola offshore output gets lift as Chevron brings South N’dola onstream
Chevron has achieved first oil from its South N’dola platform offshore Angola, bringing a brownfield tieback onstream in Block 0 as the country leans on incremental projects to stabilise output from mature offshore fields.
Nigeria oil output stays below OPEC+ quota in November, NUPRC data show
Nigeria’s oil output averaged about 1.6mbpd in November, remaining below its OPEC+ quota as weak condensate production offset modest gains in crude, highlighting persistent operational and security constraints in the upstream sector.
Nigeria’s Heirs Holdings buys 20% of Seplat Energy from Maurel & Prom in $496mn deal
Heirs Holdings to acquire a 20% stake in Nigeria’s Seplat Energy for $496mn, strengthening indigenous ownership in the upstream sector after Seplat’s expansion by acquiring Exxon Mobil’s Nigerian onshore assets.
Ghana’s state refinery restarts crude processing after years offline
Ghana’s state-owned Tema Oil Refinery (TOR) has resumed crude oil refining after several years of inactivity, following major maintenance works and regulatory clearance, the company said.
Algeria eases transport tensions following fuel price hikes and controversial traffic law
Nigeria’s petrol exports hit $821mn in 3Q25, signalling refining breakthrough
Nigeria exported petrol worth NGN707.05bn ($821mn) to African countries in the third quarter of 2025, marking its strongest performance yet as a net fuel exporter and reflecting a shift driven by the start-up of the Dangote Petroleum Refinery
Uganda eyes stake in Kenya Pipeline financed by part of $2bn Vitol-backed loan
Uganda would use the Vitol-backed loan to acquire up to a 60% stake in Kenya Pipeline Company as Nairobi prepares an IPO expected to raise about $460mn.
SBM Offshore extends Angola Block15 FPSO contracts to 2032
Offshore contractor SBM Offshore (Euronext:SBMO) has secured a contract extension for the lease and operation of two FPSOs on Block15 offshore Angola, extending its involvement in the assets through 2032.
Nigeria’s president dismisses heads of oil regulators NUPRC and NMDPRA over pace of reform
President Bola Tinubu has replaced the chief executives of Nigeria’s upstream and midstream/downstream oil regulators, amid a push to accelerate implementation of the Petroleum Industry Act and reshape energy-sector governance.
Nigeria's Seplat Energy appoints two independent directors after NNPCL-linked resignations
Seplat Energy appointed two independent non-executive directors effective January 2026 following the exit of board members appointed to NNPCL.
Museveni says Uganda’s oil revenues will fund infrastructure to cut business costs
Uganda's president says revenues from the country’s oil and gas sector, set to be commercialised in 2026, will be directed toward transport, energy and industrial infrastructure to cut business costs, with annual inflows projected at $1bn–$2.5bn.
Israel approves $35bn Egypt gas export deal linked to Leviathan field
Israel has approved a $35bn natural gas export agreement with Egypt, expected to build on Leviathan-linked exports and deepen Eastern Mediterranean energy cooperation while supporting Egypt’s LNG export capacity.
UK removes Egypt’s Zohr gas project from sanctions despite stake held by Russia's Rosneft
UK removes Egypt’s Zohr gas project from scope of its sanctions regime despite Rosneft’s minority stake, citing Treasury decision that highlights a pragmatic carve-out for energy assets critical to regional gas supply and Egypt’s LNG exports.
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