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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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TotalEnergies completes Namibia Mopane deal, takes operatorship
TotalEnergies has completed its entry into Namibia’s giant Mopane oil discovery after receiving regulatory approvals, acquiring a 40% operated interest in offshore licence PEL83 from Galp and taking over as operator.
Tanzania’s Ntorya gas project targets December first gas after government rejects further delay
Tanzania’s Ntorya gas development is targeting first gas in December after the government declined to approve a proposal by operator ARA Petroleum Tanzania Ltd to extend the timetable and the parties agreed a revised implementation programme.
Ghana’s Mahama dissolves boards of nine state institutions, including oil and mining entities
Affected institutions include the Ghana National Petroleum Corporation (GNPC), aluminium producer VALCO, fuel-storage and logistics company Bulk Oil Storage and Transportation Company (BOST), and Consolidated Bank Ghana
Nigeria’s NNPCL profit falls 48% m/m in July to $210mn as oil and gas sales weaken`
Nigerian National Petroleum Company Limited (NNPCL) said profit after tax fell 47.9% month on month to NGN279bn ($210mn) in July, while revenue, hydrocarbon sales and oil and gas production also declined.
Africa-focused Invictus Energy advances Zimbabwe gas development ahead of AEW 2026
Invictus Energy will participate in African Energy Week 2026 in Cape Town as a Bronze Partner, bringing Zimbabwe’s Cabora Bassa Basin development to the continent’s energy investment forum.
Egypt to disburse $300mn to foreign oil and gas firms in September
Egypt’s Ministry of Petroleum and Mineral Resources is preparing to pay around $300mn to international oil and gas companies operating in the country during September 2026
ExxonMobil-led consortium confirms $3bn Angola Block 15 investment
ExxonMobil (NYSE: XOM) has reiterated plans by the consortium operating Angola’s offshore Block 15 to invest about $3bn in the mature asset under a programme linked to extending its production-sharing contract through 2037.
Gasgroup targets NGX listing, eyes expansion into refining, power generation, data centres
Gasgroup, a Nigerian energy-services business not currently listed on the NGX, plans to seek admission of its existing shares to the Main Board of the bourse as it pursues expansion into refining, gas infrastructure, and power generation.
ReconAfrica launches $10.8mn offering for Namibia well production test
Canadian oil and gas explorer Reconnaissance Energy Africa (TSXV: RECO; NSX: REC) has launched a CAD15mn ($10.8mn) bought-deal offering to fund a horizontal sidetrack and production-testing programme at its Kavango West 1X well in Namibia.
Africa’s upstream expansion opens opportunities for oilfield services companies, says AEC
Africa’s expansion of new oil and gas projects and efforts to extend the life of mature fields are creating growing opportunities for oilfield services companies.
Egypt considers leasing second floating LNG storage unit to secure gas buffer
Egypt is evaluating chartering a second floating storage unit (FSU) with a capacity of 150,000 cubic metres in September 2026 to build an emergency natural gas buffer and hedge against delivery delays or potential declines in Israeli pipeline imports
Chariot signs deal to double Angola oil cash-flow exposure
Chariot has signed a framework agreement that could double its economic exposure to producing Angolan oil assets, adding future cash flows equivalent to about 4,000 bpd if Etu Energias completes its latest Block 14 acquisition.
Nigeria's Dangote considers petrol sales curbs for marketers that import fuel
Nigeria's Dangote Petroleum Refinery is considering restricting petrol sales to major marketers that also import fuel, escalating a dispute over the country's petrol import regime.
Etu Energias to buy Chevron stakes in Angola’s Block 14 for $260mn
Angola’s largest privately owned energy company, Etu Energias, has agreed to acquire Chevron’s interests in two offshore blocks for a base consideration of $260mn.
Asian diesel supplies to Africa to hit highest level in four and a half years in August
Asian diesel exports to Africa are set to reach their highest level in at least four and a half years in August, as disruption to Middle Eastern supplies forces African buyers to seek alternative cargoes.
African oil and gas reforms put arbitration in focus for investors
African oil and gas regulatory reforms and emerging disputes in countries such as Tanzania and Senegal are putting arbitration and investor protection higher on the agenda as companies seek greater certainty over long-term investments.
MSGBC gas projects shift focus to infrastructure and investment
The MSGBC Basin is moving from major discoveries towards project development, with Senegal and Mauritania seeking to build gas and LNG industries that can support exports and domestic energy needs.
Savannah Energy seven-month revenue rises 10% as Nigeria collections climb
Savannah Energy Plc has reported a 10% year-on-year rise in unaudited revenue to $160.6mn in the seven months to July 31, while cash collections from its Nigerian operations increased 13%.
South Sudan targets 200,000 bpd oil output as production recovers
South Sudan is targeting crude oil production of at least 200,000 bpd, up from about 175,000 bpd currently, as the government seeks to lift output from ageing fields and attract further petroleum investment.
Western Libya faces fuel depot and municipal shutdown threats as power crisis deepens
Escalating power cuts and prolonged load shedding across western Libya have triggered widespread civil unrest, with protesters threatening to shut down critical fuel distribution and municipal infrastructure
Equinor says attractiveness of stalled Tanzania LNG project has improved
Norwegian energy giant Equinor says the case for the long-stalled Tanzania LNG project has improved following the Middle East conflict.
Predator Oil & Gas prepares for onshore Moroccan MOU-6 drilling
Drilling plans for the MOU-6 well in Morocco are moving forward after Predator Oil & Gas (LSE:PRD) completed civil engineering work on the well pad and received crucial perforating gun explosives at a local port
Energean in talks to acquire BP’s Egyptian assets in potential $1bn deal
London-based gas producer Energean is in exclusive talks to acquire a portfolio of BP's Egyptian upstream oil and gas assets in a deal that could generate around $1bn for the British energy major
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