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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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Nigeria’s Senate summons NNPCL, CBN and oil companies over NEITI audits
Nigeria’s Senate has summoned the Nigerian National Petroleum Company Limited (NNPCL), the central bank, regulators and more than 60 public bodies and oil companies for hearings into revenues, remittances and other issues.
Angola's Q2 oil export earnings jump 55% to $9bn on higher crude prices
Angola's oil export earnings rose 54.7% year-on-year to $8.91bn in the second quarter of 2026, driven by stronger international crude prices and higher export volumes, Lusa reported on July 30, citing government data.
Angola's Azule Energy begins construction of Greater PAJ FPSO topsides
Construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel has officially begun, a milestone in the development of one of Angola's strategic offshore oil projects, Azule Energy said.
Oppenheimer Partners exits Ghana-focused Genser Energy after five-year investment
Genser Energy Investments has redeemed the entire shareholding held by OP Energy Holdings, completing Oppenheimer Partners' exit from the West African energy firm after a five-year investment.
Nigeria’s NNPCL to acquire 10% stake in Seplat offshore venture for $282mn
Nigeria’s state-owned oil company has agreed to acquire a 10% working interest in an offshore joint venture operated by domestic oil and gas company Seplat Energy (NGX:SEPLAT; LSE:SEPL) for about $281.6mn.
Nigerian firm Seplat Energy’s pre-tax profit nearly doubles to $575mn in H1
Nigerian independent oil and gas company Seplat Energy (NGX:SEPLAT; LSE:SEPL) reported a 96% increase in first-half profit before tax to $574.9mn, supported by higher realised oil prices, stronger production and lower finance costs.
Estimated cost of imported petrol rises in Nigeria rises above Dangote price
The estimated landed cost of imported petrol in Nigeria has risen above the Dangote Petroleum Refinery’s gantry price, industry data show.
NGO criticism of Perenco risks deterring energy investment in DRC, says AEC
NGO-led smear campaigns against independent hydrocarbon producer Perenco are threatening energy sector development in the Democratic Republic of the Congo.
Egypt confirms Damietta Port fire caused by drone strike
The Egyptian Cabinet announced on July 30 that initial investigations into the fire involving two natural gas vessels at Damietta Port confirmed it was caused by an incoming drone strike
Nigeria plans 24 new refineries, targets 2.6mn bpd by 2030
Nigeria’s planned refining capacity could rise to 2.64mn barrels per day by 2030 if 24 proposed new refineries backed by $10.74bn in investment are completed.
Kinetiko Energy raises $3.8mn to support South Africa gas development
Australia-listed Kinetiko Energy has secured commitments for an AUD5.4mn ($3.8mn) placement to fund drilling, permitting and development of its South African gas assets.
Nigeria loses 62,400 GWh of potential power to gas flaring in 2024-25
Nigeria lost an estimated 62,400 GWh of potential electricity generation to gas flaring in 2024 and 2025, an increase of 18.6% from 50,800 GWh in the preceding two-year period, despite Federal Government penalties and measures to curb the practice
Dubai-based Dragon Oil and international firms to bid for BP’s West Nile Delta Egypt gas assets
Dubai-based Dragon Oil, alongside Carlyle Group (NASDAQ:CG), Energean (LSE:ENOG), and Artemis Energy, is preparing to submit bids shortly to acquire British energy major BP’s (LSE:BP) natural gas assets in the West Nile Delta offshore Egypt
Egyptian authorities refute drone strike claims, confirm Damietta Port fire contained
Egyptian security sources and official authorities have explicitly denied reports circulating from maritime security firms claiming that a drone strike targeted Damietta Port
US funds engineering study for $4.5bn Morocco ammonia project
The US Trade and Development Agency will fund an engineering study for a planned $4.5bn ammonia project near Laayoune in Western Sahara, targeting annual production of up to 560,000 tonnes.
Nigeria LNG revenue exceeds $149.6bn as dividends reach $47.2bn
Nigeria LNG Limited has generated more than $149.6bn in cumulative revenue, paid over $47.2bn in dividends and remitted more than $10.8bn in taxes as it advances the Train 7 expansion.
Nigeria records Africa’s sharpest petrol price rise during Middle East conflict, MEMAN says
Nigeria recorded a 39.5% petrol price surge during the first half of 2026, the sharpest increase in Africa, according to MEMAN, as Middle East conflict disrupted oil markets and shipping.
EU expands African naval missions to track Russian shadow fleet
The EU has expanded the mandates of two naval operations off Africa to collect intelligence on vessels linked to Russia’s shadow fleet and suspected sanctions evasion
Tanzania proposes gas pipeline to supply Uganda and Kenya
Tanzania has proposed a cross-border natural gas pipeline to supply Uganda and Kenya as it seeks to expand regional energy trade and strengthen its role as an energy supplier in East Africa.
Libyan army regains control of Mellitah oil and gas complex following protests
Libya’s Government of National Unity (GNU) announced that military forces have secured the Mellitah oil and gas complex, restoring gas flow to domestic power plants after angry demonstrators forcibly shut down the facility
AEC, ENH strengthen partnership to support Mozambique’s energy investment drive
The African Energy Chamber and Mozambique’s national oil company ENH have agreed to strengthen cooperation in attracting investment, expanding local content and increasing private-sector participation as the country’s gas industry grows.
TotalEnergies, Eni approve Cyprus' Cronos gas field via Egyptian infrastructure
French TotalEnergies and its Italian counterpart Eni took Final Investment Decision to develop the Cronos gas field offshore Cyprus, establishing a subsea pipeline route to process and liquefy the gas in Egypt before exporting LNG to Europe
Cheaper Brazilian and Guyanese crude challenges West Africa's export dominance
Latin American crude is displacing West African grades in Europe and China as lower prices outweigh stronger refining yields, signalling a structural shift in global oil trade and pricing dynamics.
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