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Overview
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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Kosmos exits Equatorial Guinea with $127mn sale of Ceiba and Okume assets to Panoro
Kosmos Energy (NYSE/LSE: KOS) has completed the sale of its interests in Equatorial Guinea's Ceiba field and Okume Complex to Panoro Energy (OSE: PEN) for $127mn, as it refocuses on core assets in Ghana, Mauritania and Senegal.
Bourbon wins subsea contract for Ghana's 100,000-bpd Jubilee field
French offshore services group Bourbon has secured a subsea services contract on Ghana's flagship 100,000-bpd Jubilee field, operated by Tullow Oil and alongside partners including Kosmos Energy.
Libya’s Sirte Oil hits high-yield well at Al-Khair field
Libya’s state-owned National Oil Corporation (NOC) announced that its subsidiary, Sirte Oil Company for Production and Manufacturing of Oil and Gas, has completed a development well at the Al-Khair oilfield
Egypt signs gas expansion deals with Harbour Energy, Eni
Egypt has signed new agreements on June 17 with British firm Harbour Energy (LSE:HBR) and Italy's Eni (BIT:ENI) to raise natural gas production and establish an economic framework to stimulate foreign investment
Nigeria's gas output rises marginally in May to 7.93bcfd as domestic demand grows
Nigeria's natural gas production rose 0.6% year on year to 7.93bcfd in May 2026, according to NUPRC data, as stronger associated gas output and rising domestic demand offset weaker exports.
Senegal's powerful ex-PM Ousmane Sonko opens door to IMF debt talks as fiscal crisis deepens
Sonko, now parliamentary speaker, is ready to talk debt restructuring with the IMF, as Senegal seeks to resolve a fiscal crisis owing to $7bn in “hidden debt”, while banking on new oil & gas revenues to boost public finances, support growth.
AEC, SPE Africa agree to boost technical collaboration across Africa’s energy sector
The African Energy Chamber (AEC) and the Society of Petroleum Engineers (SPE Africa) have signed a memorandum of understanding (MoU) aimed at advancing technical collaboration, knowledge sharing and innovation across Africa’s energy industry.
Nigeria’s gas output edges higher as non-associated production gains ground
Nigeria’s average daily natural gas production rose to 7.93 bcf/d in May 2026, up 0.63% year on year, as growth in non-associated gas projects continued to support the country’s efforts to expand domestic supply and exports
Libya's NOC signs production-sharing deals with energy majors
Libya's National Oil Corporation (NOC) has signed production-sharing agreements with several leading international companies following the country's first licensing round in nearly 20 years
Ghanaian petroleum marketer GOIL defies revenue slump to lift profit and dividend
Ghanaian petroleum marketer GOIL PLC (GSE:GOIL) increased profit and raised its dividend for the first time in three years despite a decline in revenue.
Brazil’s Petrobras secures PSCs for eight exploration blocks offshore Côte d'Ivoire
Brazilian oil major Petrobras is expanding its presence in West Africa after moving ahead with production sharing contracts for eight offshore exploration blocks in Ivory Coast.
Nigeria's NNPCL sued over alleged $4.27mn rebranding costs
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), seeking details of about NGN5.8bn ($4.27mn) allegedly spent on the incorporation, transition and rebrand
Chevron unit CABGOC awards Angola construction management contract to Dubai-based Kent
The award strengthens Kent's position in Angola's energy sector as the country seeks to sustain crude output of around 1.1mn bpd through continued investment in offshore oilfield operations and infrastructure.
Uganda unveils $22.75bn budget as oil production push drives growth
Uganda has unveiled an UGX84.4 trillion ($22.75bn) 2026/27 budget, projecting 10.2% economic growth driven by oil, infrastructure, agriculture and industrial expansion ahead of first commercial oil production later this year.
Egypt and Eni discuss gas output increase and Cronos field link-up
Egypt is currently discussing plans with Italian energy major Eni to increase natural gas production from the company's concession areas in the Mediterranean and the Nile Delta, as well as the Cronos field link-up
Eni secures 15 offshore blocks in Guinea as MSGBC Basin attracts fresh investment
Italian energy major Eni has secured reconnaissance permits for 15 offshore blocks in Guinea.
Egypt adds 12,000 barrels per day from two-week Western Desert investments
Egypt's petroleum sector has added nearly 12,000 barrels per day (bpd) of crude oil and condensates to Western Desert output over the past two weeks
Libya's oil revenues hit decade high in May on Hormuz crisis windfall
Libya's state-run energy utility, National Oil Corporation, registered its strongest monthly revenue performance in more than a decade in May 2026, as the Strait of Hormuz crisis pushed crude prices to elevated levels.
Nigerian industrial tech firm RusselSmith rebrands to Arridex reflecting shift from oil & gas sector roots
Nigerian industrial technology firm Arridex has rebranded from RusselSmith as it expands beyond its traditional oil and gas roots and accelerates its push into advanced manufacturing, autonomous systems and industrial technology.
Italian energy major Eni enters The Gambia with award of offshore deepwater Block A1
Italian energy major Eni and the government of The Gambia have signed a petroleum exploration, development and production licence agreement for the Block A1 offshore the Republic of The Gambia.
US 'disables' tanker in Gulf of Oman over Iran oil, CENTCOM says
The US says it has disabled a Guinea-Bissau-flagged tanker carrying Iranian oil in the Gulf of Oman, the third merchant vessel struck this week, US Central Command says.
Nigeria supports OPEC+ capacity review as alliance extends output framework
Nigeria has backed OPEC+’s decision to maintain its current oil production framework through 2026 while highlighting the importance of an ongoing review of members’ production capacities that will shape output quotas from 2027
Angola targets end to gas flaring by 2030, threatens penalties for non-compliance
Angola has pledged to eliminate routine gas flaring across its oil industry by 2030 and will impose financial penalties on operators that fail to meet the target, as the country seeks to curb methane emissions while maintaining crude production
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