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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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Green Energy International starts operations at Nigeria’s new onshore crude terminal
Nigeria’s Green Energy International (GEIL) has completed the construction of the first indigenous onshore terminal built in the country in the last 50 years.
Uganda, Tanzania, Zanzibar formalise oil and gas cooperation ahead of 2026 first production
Uganda has signed a tripartite Memorandum of Understanding (MoU) with Tanzania and its archipelago Zanzibar to strengthen regulatory collaboration in the oil and gas sector, as the country prepares to deliver its first commercial oil by 2026.
Nigerian lawmakers warn 13 oil firms over $456mn unpaid revenue
Nigeria’s House of Representatives has issued a warning to 13 oil companies over a combined $456.95mn in unpaid revenues owed to the federal government, with potential sanctions looming for non-compliance.
NUPRC mandates export IDs and online tracking for Nigeria’s crude shipments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced new export procedures requiring digital clearances and identification numbers for all crude oil and petroleum product shipments
Nigeria’s Dangote refinery to export first gasoline cargo to Asia
Nigeria’s Dangote refinery is set to export 90,000 tonnes of gasoline to Asia, marking its first such shipment outside of West Africa.
TotalEnergies, QatarEnergy awarded Ahara onshore exploration licence in Algeria
Algeria’s National Agency for the Valorization of Hydrocarbon Resources (Alnaft) awarded a consortium of TotalEnergies and QatarEnergy the Ahara onshore exploration licence in Algeria.
ExxonMobil and partners sign PSC extension for Block 17 offshore Angola
US supermajor ExxonMobil and its partners TotalEnergies (the operator), Equinor, and Angola’s Azule Energy and national oil company Sonangol, have signed an extension to the production sharing contract for Block 17 offshore Angola.
Nigeria’s PETROAN fights back against Dangote distribution plans
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has pushed back against plans by the 650,000 barrels per day (bpd) Dangote refinery to start distributing its petroleum products to outlets across the country.
Equatorial Guinea leads regional greener development effort for oil and gas sector
Gabonese President Brice Clotaire Oligui Nguema visited Equatorial Guinea’s Golden Swan industrial complex, a testament to the country’s effort to lead greener development of its oil and gas sector.
Egypt launches new natural gas production phase in July
The Egyptian Ministry of Petroleum plans to start producing 100mn cubic feet of natural gas in July as part of Phase 11 of the West Delta concession in the Mediterranean Sea.
Crude oil becomes Nigeria’s third most imported item in Q1 2025
Crude oil became Nigeria’s third most imported item in the first quarter of 2025, with the country spending NGN1.19 trillion ($771mn) on foreign supply due to unreliable domestic allocations to local refineries.
Carbon capture and storage has reached a ‘turning point’, says DNV
A new report from DNV anticipates that total funding for carbon capture and storage will hit $80bn by the end of this decade
Tanzanian-owned Lake Gas challenges Kenyan safety concerns over LPG imports
Tanzanian-owned cooking gas distributor Lake Gas has defended its first bulk consignment of imported Liquefied Petroleum Gas after the Kenya Bureau of Standards blocked its release over safety concerns.
Nigeria’s crude oil exports fall 16.3% year-on-year in first quarter of 2025
Nigeria's crude oil exports declined by 16.3% year-on-year to NGN12.95 trillion ($9.3bn) in the first quarter of 2025, despite crude oil remaining the country’s dominant export commodity.
COMMENT: Israel-Iran conflict intensifies with limited macro fallout but mounting geopolitical risk
The recent escalation in hostilities between Israel and Iran has signalled a shift from earlier, more calibrated exchanges to a broader and more sustained confrontation.
Chevron CEO urged staff to improve safety days before fatal Angola platform fire
In an internal video message on April 29, Chevron CEO Mike Wirth urged employees to reinforce safety standards following a rise in serious incidents.
Higher oil prices pose risk to Egypt’s strained budget
Officials from Egypt’s government said on June 16 that every $1 increase in global oil prices above the budgeted level adds roughly $76.9mn-$89.5mn per year to public spending and exerts more pressure on the fiscal policies.
ING: Oil in focus as Israel-Iran conflict escalates
Commodity markets are focused on escalating geopolitical tensions between Israel and Iran, with the Middle Eastern conflict sparking a surge in oil prices.
Petredec to build first VLGC-ready LPG terminal in Tanzania's Tanga Bay
Privately owned liquefied petroleum gas (LPG) shipper Petredec has announced plans to build Tanzania’s first large-scale, open-access LPG terminal at Tanga Bay, in partnership with Tanzanian conglomerate ASAS Group of Companies.
Egypt seeks to secure liquefied natural gas from different sources amid escalated regional tensions
The Egyptian government is currently intensifying its efforts to secure liquefied natural gas to meet the expected high demand in the summer, amid severe tensions in the region that threaten gas supplies.
Egypt announces halt in Israeli gas supplies, fertiliser companies suspend operations
Egypt's Ministry of Petroleum announced a halt in natural gas supplies from Eastern suppliers, referring to Israel, which stopped its oil supplies from the Leviathan field as a precautionary measure against an expected Iranian attack.
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