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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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Angolan crude discounts deepen as global oil oversupply pressures market
Angolan crude oil is reportedly facing some of its steepest price discounts in more than a decade as a growing glut of global supply and weakening demand from China weigh heavily on the market.
Cameroon fuel distributor Tradex proposes $18.3mn dividend after resilient 2025
Tradex's board also reaffirmed support for strategic projects being developed by the SNH Group, including the CSTAR project, which envisages construction of a refinery and petroleum storage terminal at the Kribi deep-water port.
Zimbabwe's Muzarabani gas resources could power 500MW plant for 1,000 years, expert estimates
Zimbabwe’s proven natural gas resources in the Cabora Bassa Basin could generate enough electricity to run a 500-megawatt (MW) power station for up to 1,000 years, according to Mining Zimbabwe on June 25.
Morocco converts ONHYM into joint-stock company to support $25bn Africa-Atlantic Gas Pipeline
ONHYM will have expanded financing powers as the state advances the $25bn Africa-Atlantic Gas Pipeline, a 6,900-km project expected to transport Nigerian natural gas to Morocco via 13 West African countries.
Ghana to begin Voltaian Basin oil drilling by end-2026, President Mahama says
President John Mahama has announced that Ghana will begin onshore oil exploration drilling in the Voltaian Basin this year, as the West African producer seeks to expand its hydrocarbon reserves beyond its ageing offshore fields.
Tower Resources secures Namibian approval for PEL96 farm-out deal
Tower Resources (AIM: TRP) has received formal approval from Namibia’s government for the farm-out of its offshore PEL96 licence to Prime Global Energies, clearing the final outstanding condition required for completion of the transaction.
Mozambique's Coral North FLNG advances, awards Japanese group MODEC mooring system contract
MODEC said it will work with the Technip Energies-JGC joint venture to support the integration and delivery of the project, which is being developed by Eni.
Eni in early talks with contractors as it advances plans for third FLNG project offshore Mozambique
Eni (BIT:ENI) has begun early contractor discussions for a third floating LNG facility offshore Mozambique, signalling continued expansion of its Rovuma Basin gas developments.
Congo targets higher oil and LNG output as investment momentum builds
The Republic of Congo is shifting from resource potential to commercially viable energy projects, strengthening its position as one of Central Africa’s most attractive oil and gas investment destinations.
Algeria, Nigeria offer biggest opportunities in Africa for low-cost methane emissions cuts, report finds
African oil & gas producers can achieve significant methane emissions cuts using existing tech, Carbon Limits says, noting infrastructure, regulation and gas commercialisation prospects will determine the economics of abatement.
UK's Europa Oil & Gas extends deadline to wrap up farm-out deal in Equatorial New Guinea
London-listed Europa Oil & Gas said on June 22 it had extended the deadline to complete a farm-out agreement covering its offshore Equatorial Guinea licence to July 31,
Nigeria's Aradel Q1 profit jumps 252% y/y after Renaissance Africa Energy consolidation
Aradel Holdings (NGX: ARADEL) also reported a 265% y/y rise in revenue as the consolidation of ND Western and its majority stake in Renaissance transformed the scale of its operations.
Ex-Nigerian oil minister Alison-Madueke cleared in UK corruption trial, still faces domestic charges
Former Nigerian oil minister Diezani Alison-Madueke has been acquitted of all corruption charges in the UK following a five-month trial in London, bringing a 13-year investigation to a close
Egyptian oil services major Enppi requests bourse listing
The Egyptian Exchange (EGX) has received a formal request to list the shares of the Engineering for the Petroleum and Process Industries (Enppi) on its main market
Nigeria approves new fuel imports for Q3 as Dangote refinery gasoline output falls
Nigeria has approved a new round of petrol and diesel imports for the third quarter of 2026 as declining gasoline production at the Dangote Petroleum Refinery and tightening fuel inventories raise concerns over potential supply shortages.
US independent Murphy Oil makes Bubale-1X discovery offshore Côte d’Ivoire
US independent energy company Murphy Oil Corporation (NYSE: MUR) on June 22 announced an oil discovery at the Bubale-1X exploration well in Block CI-709 offshore Côte d’Ivoire.
Angola approves tax incentives for four geologically complex offshore oil blocks
Angola's government has approved additional tax incentives for four offshore oil blocks as it seeks to attract investment into technically challenging and high-risk concession areas, according to Lusa and VerAngola on June 22.
Algeria and Saudi Madar Energy accelerate Illizi South oil partnership
Algeria and Saudi firm Madar Energy North Africa are accelerating the implementation of the $5.4bn Illizi South hydrocarbons project, with both sides reviewing preparations for the contract's entry into force, covering technical and regulatory aspect
Liberia urges caution over Grand Bassa oil reports as tests find no reserves
Liberia's Parliament has called for further scientific investigations into reports of a possible oil discovery in Grand Bassa County after tests failed to confirm commercially recoverable crude.
Egypt settles Dana Gas arrears as drilling triples expectations
UAE-based Dana Gas (ADX:DANA) has cleared all outstanding arrears with the Egyptian government after receiving a final payment of $21.5mn
Saipem, TechnipFMC win $1.3bn contracts on Angola’s Greater PAJ oil project
Italian offshore contractor Saipem and energy services company TechnipFMC have secured major contracts for the Greater PAJ oil development offshore Angola following the project's final investment decision
US eases Iran oil sanctions, price on Brent crude drops over 3.5%
The United States has partially lifted sanctions on Iranian oil exports following what officials have described as encouraging progress in negotiations aimed at ending hostilities between Washington and Tehran.
Turkey’s foreign minister meets Trump’s co-in-law 'fixer' in Cairo
Lebanese-born billionaire Massad Boulos is a man with a unique portfolio. He serves as US senior advisor for Arab and African affairs. His son is married to Tiffany Trump.
AEC and Côte d’Ivoire discuss upstream growth and Africa Energy Bank progress
The African Energy Chamber has held high-level talks in Côte d’Ivoire on expanding upstream activity, attracting new investment and advancing the establishment of the Africa Energy Bank.
Zambia confirms Vitol as exclusive Tazama pipeline fuel supplier
Zambia has finally disclosed that global commodities trader Vitol is the exclusive supplier of diesel through the Tazama pipeline, a temporary arrangement introduced to safeguard fuel supplies following disruptions in global oil markets.
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