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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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Namibia to consolidate control of oil and gas sector under president’s office
Namibia is planning to centralise its oil and gas sector oversight under the office of the presidency as the country moves towards first oil production.
Kenya’s Gulf Energy targets first oil from South Lokichar Basin by end of 2026
Gulf Energy Ltd., a Nairobi-based energy trading and infrastructure company, is in talks to advance development of the long-delayed South Lokichar Basin oil project, targeting initial production by late 2026.
Egypt to repay $750mn of foreign oil companies' arrears by early 2026
Egypt’s Ministry of Petroleum plans to repay about $750mn of arrears owed to foreign oil companies operating in the country by the end of Q1 2026
Canadian explorer ReconAfrica provides drilling update at Kavango West 1X well in Namibia
ReconAfrica has provided a drilling update on the onshore Kavango West 1X exploration well located within PEL73 in Namibia.
AEC to host G20 African Energy Investment Forum ahead of G20 Summit in Johannesburg
The African Energy Chamber (AEC) will host the G20 African Energy Investment Forum ahead of the G20 Summit in South Africa.
Nigerian Court orders Danium Energy and executive to pay Union Bank $13.8mn and surrender properties
A Federal High Court in Lagos has ordered petroleum marketer Kehinde Ogbor and Danium Energy Services Limited to pay Union Bank of Nigeria NGN20.7bn ($13.8mn) and granted the lender immediate possession of several prime properties
Nigeria to launch 2025 oil licensing round on December 1, says regulator
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2025 oil licensing round will be officially launched on December 1.
Nigerian crude earnings fell 43% in 2024 despite higher output
Data from Nigeria’s Budget Implementation Report for Q4 2024, published this week, has shown that profits from the country’s oil and gas sales plummeted by 43% in 2024, despite production increasing on average.
South Africa: Industry condemns government silence over looming gas crisis as Sasol offers interim fix
The Industrial Gas Users Association of South Africa (IGUA-SA) has once again voiced its concerns about the impending “gas cliff” and the government’s inaction in addressing the supply shortage.
Nigeria approves 43 oil and gas field plans worth over $20bn for 2025
Nigeria’s upstream regulator has approved 43 field development plans for implementation in 2025, representing projects with an estimated 1.7bn barrels of oil and 7.7tcf of gas, backed by more than $20bn in committed capital
Nigeria's EFCC declares ex-petroleum minister Timipre Sylva wanted over $14.9mn refinery funds case
Nigeria’s Economic and Financial Crimes Commission (EFCC) has declared former Minister of State for Petroleum Resources Timipre Sylva wanted for allegedly conspiring to divert $14.9mn allocated for a private refinery project.
South Sudan’s president reverses petroleum ministry reshuffle amid heightened export security risks
South Sudan's petroleum ministry undersecretary has been reinstated a week after his removal. The move comes amid Sudan's warning that continued RSF drone attacks near key infrastructure could force a shutdown of the pipeline to Port Sudan.
Corcel secures environmental permit for KON-16 block in Angola to begin seismic surveys
Corcel Plc (AIM:CRCL) has secured an environmental permit to begin seismic work at the KON-16 onshore block in Angola’s Kwanza Basin, part of Luanda's wider push to revive onshore exploration and diversify production beyond mature offshore fields.
Nigeria’s Senate adopts interim report alleging $200bn worth of crude oil revenue discrepancies
Nigeria: Dangote lawsuit dismissed by court
Nigeria’s Federal High Court has dismissed a suit filed by 650,000 barrels per day (bpd) Dangote refinery in November 2024.
Nigeria’s Nestoil seeks court order to stop lenders from enforcing receivership actions
Nestoil Limited has asked the Federal High Court in Abuja to restrain eight Nigerian banks and the African Export–Import Bank (Afreximbank) from enforcing receivership actions initiated after a default notice issued in May
Nigeria's NNPCL targets 2mn bpd output, $30bn–$60bn co-investment to accelerate upstream recovery
The NNPCL said crude oil production has reached about 1.7mn barrels per day (bpd). It targets 2mn bpd by 2027 and is seeking between $30bn and $60bn in partnerships by 2030 to accelerate oil, gas, and infrastructure projects.
Halliburton wins integrated drilling contract for HI gas field supplying Nigeria LNG Train7
Halliburton (NYSE:HAL) secured an integrated drilling and completion services contract for the HI gas field in OML144, a project led under the SPDC JV framework to provide feed gas for Nigeria LNG’s Train7 expansion.
Capricorn Energy receives $50mn in overdue payments under Egypt concession deal
Scotland-based oil and gas producer, Capricorn Energy, announced the receipt of $50mn in overdue payments under its concession agreement in Egypt
Ghana moves to revive ailing oil industry amid sharp production decline
Ghana’s government has announced a sweeping plan to revitalise the country's flagging oil exploration and production sector, warning its decline is choking local economies and deterring investors.
Panoro Energy signals stable production outlook, Dussafu offshore Gabon remains core growth driver
Panoro Energy ASA (OSE:PEN) reported stable operating performance ahead of its Q3 2025 results, with the Dussafu Marin block in Gabon continuing to anchor growth plans.
Namibia-focused Sintana Energy outlines diversification aims, Uruguay exposure in Challenger deal
Sintana Energy (TSX-V:SEI) has outlined the strategic rationale behind its proposed all-share acquisition of Challenger Energy (AIM:CEG), highlighting plans to diversify beyond Namibia and gain exposure to Uruguay’s emerging offshore sector.
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