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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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TAG Oil agrees with Egypt’s Badr to extend BED-1 evaluation period, commits to drilling two more wells
British multinational Shell signs exclusive $1bn deal to explore for oil offshore Angola
British multinational oil and gas company Shell and Angola’s National Agency for Oil, Gas and Biofuels (ANPG) have signed an exclusive agreement to explore new oil blocks offshore Angola.
Egypt to resume natural gas supplies to Lebanon by end-2025
Egypt is finalising arrangements to export 650mn cubic meters of natural gas annually to Lebanon through the Arab Gas Pipeline by the end of 2025
Africa-focused Meren Energy begins trading on OTCQX to expand access to U.S. investors
Meren Energy, an independent upstream company with producing deepwater assets offshore Nigeria and a strategic position in the Orange Basin across Namibia and South Africa, has begun trading on the OTCQX Best Market while retaining primary listings.
Nigeria’s Conoil sees profit fall 85.5% y/y in Q3 as finance costs surge
Conoil Plc (NGX: CONOIL) reported an 85.5% year-on-year decline in third-quarter pre-tax profit to NGN728mn ($0.51mn), as revenue fell and finance costs increased sharply.
Navigating headwinds, OPEC+ pivots to price defence for Q1 2026
In a significant strategic pivot, the OPEC+ consortium is prioritising market stability and price defence over its recent campaign to recapture market share
Austria’s energy company OMV discovers oil in Sirte basin
Libya’s National Oil Corporation (NOC) has announced a new oil discovery in the Sirte basin, achieved through exploration operations by Austria’s OMV company
Sudan halts South Sudan oil transit following drone attacks on key facilities
Sudan’s Ministry of Energy and Petroleum announced on October 31 the immediate suspension of South Sudan’s oil transit through Sudanese territory and the closure of oil facilities in the Heglig region
BP expands gas output in Egypt’s West Nile Delta with new well start-up
British energy major BP (LSE, NYSE:BP) has started up the RW5 gas well in Egypt’s West Nile Delta (WND) project, adding around 80mn cubic feet per day of additional supply.
Dangote refinery ramping up output as Nigeria prepares phased 15% fuel import duty
Nigeria’s Dangote refinery is scaling up gasoline and diesel output as the government prepares to phase in a 15% import duty on refined fuel products, part of a broader effort to shift supply towards domestic refining and reduce FX pressure.
Uganda reaffirms 2026 oil target as CNOOC-UNOC field work nears completion
Uganda has reaffirmed plans to begin oil production in 2026, ruling out further delays to the long-awaited Albertine Graben project
Oil and gas explorer 88 Energy reports progress across portfolio, provides update for PEL 93 in Namibia
Australian oil and gas exploration company 88 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.
ExxonMobil delays $30bn Rovuma LNG decision pending restart of TotalEnergies’ Mozambique LNG project
Natural gas, helium explorer D3 Energy advances towards production at flagship South African asset
South Africa-focused helium and natural gas explorer D3 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.
Nigeria’s Oando posts $120mn nine-month profit on production gains after acquiring NAOC assets
Nigeria’s LPG marketers target 6mn tonnes annual supply to stabilise prices
Nigeria’s liquefied petroleum gas (LPG) marketers plan to raise annual supply to 6mn tonnes in the coming years, citing expanded local output and new projects as key to stabilising cooking gas prices
Saudi Arabia, Iraq top US Crude Imports from OPEC in July 2025
The US imported more than 20mn barrels of crude oil from OPEC countries in July 2025, according to newly released data from the US Energy Information Administration (EIA), with Iraq ranking as the second-largest exporter among the group
Nigeria's Heirs Energies' CFO on powering growth via sustainable, indigenous-led development
NewsBase speaks exclusively to Samuel O. Nwanze, Executive Director and Chief Financial Officer of Nigerian indigenous integrated oil and gas company Heirs Energies.
Suez Canal temporarily blocked by tanker carrying Russian oil
The Suez Canal was blocked for several hours on October 28 by a sanctioned tanker that had run aground, with the Suez Canal Authority noting that the 150,600-deadweight tonnage (dwt) Komander had suffered engine issues while sailing South.
Eni completes drilling of Zohr-9 gas well off Egypt's Mediterranean coast
Egypt’s Minister of Petroleum and Mineral Resources announced the completion of drilling operations at the Zohr-9 natural gas well in the Zohr field, located in the Mediterranean and operated by Eni.
Nigeria’s NUPRC holds exploratory talks with Bank of America on upstream financing
Nigeria's upstream regulator, NUPRC, has held exploratory talks with Bank of America as the country looks to attract new capital and revive crude output, after falling short of its OPEC+ quota.
Nigerian court freezes NGX-listed Nestoil's assets over $1.3bn debt claims
Armed police have sealed Nestoil Limited’s Lagos headquarters after the Federal High Court ordered a freeze of the company’s assets over alleged debts amounting to $1.01bn and NGN430bn ($296mn)
US energy major Chevron in talks to expand operations in Libya
Libyan PM Abdulhamid Dbeibah held talks with a high-level delegation from US energy company Chevron to discuss the company’s plans to expand its activities in Libya.
Eni invests $200mn to drill new well at Egypt’s Zohr gas in Q2 2026
Italian energy major Eni is planning to drill a new well at the Zohr gas field in Egypt’s deepwater Mediterranean during Q2 2026, with an estimated investment of $200mn,
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