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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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Libya plans gas output boost to supply Europe by 2030, NOC head says
Libya plans to significantly increase its natural gas production over the next five years, aiming to make larger volumes available for export to Europe by the early part of the next decade
Nigeria hands over Africa Energy Bank headquarters in Abuja to APPO ahead of this year's launch
Nigeria has formally handed over the fully furnished headquarters of the Africa Energy Bank to the African Petroleum Producers’ Organization (APPO).
Shell starts maintenance at Nigeria’s Bonga FPSO, cutting 225,000bpd output
Shell (LSE:SHEL) has begun a six-week turnaround maintenance programme at Nigeria’s Bonga FPSO, temporarily shutting in about 225,000bpd of oil and 150mn cubic feet per day of gas.
Nigerian energy company Oando sees 2025 gross profit fall 82% to $20mn despite upstream expansion
Nigeria’s NNPCL launches Gas Master Plan 2026 to unlock $60bn investment potential
Nigeria’s state-owned oil company, NNPCL, has published its Gas Master Plan 2026, outlining a commercially focused roadmap aimed at converting the country’s gas reserves into economic value and attracting more than $60bn in new investment
Libya’s energy sector recovery reinforces its role as key African oil and gas producer – AEC
The African Energy Chamber (AEC) has commended Libya’s hydrocarbon sector recovery, which confirmed the country’s position as a key African energy producer.
TotalEnergies plans to take FID on Namibian oil find Venus this year
French oil supermajor, TotalEnergies aims to make final investment decision for its Venus discovery in Namibia this year, it said in a release on January 30.
Morocco delays tender for $1bn LNG import terminal and gas pipeline project
Morocco has postponed the opening of bids for a strategic project to build a liquefied natural gas (LNG) import terminal and a domestic gas pipeline network with an estimated cost of about $1bn
Angolan oil company Sonangol orders $245mn LNG carrier from South Korea’s HD Hyundai Samho
Angola’s state-owned oil company, Sonangol, has contracted South Korea’s HD Hyundai Samho (HD Hyundai) to build liquefied natural gas (LNG) vessel with delivery scheduled for June 2028.
Egypt in talks with international oil firms to boost output over five years
The Egyptian government is currently discussing with international oil and gas companies operating in the country a plan to intensify exploration, development and production activities over the next five years
Zambia slashes fuel prices in response to global market forces
Zambia has reduced the fuel pump price, citing the strengthening of the local currency and the decline in the oil price on the global market.
ASX-listed RBR Group eyes opportunity as TotalEnergies resumes $20bn Mozambique gas project
Australian training and staffing solutions provider RBR Group (ASX: RBR) has said TotalEnergies’ (EPA/NYSE: TTE) resumption of construction at its gas project in Mozambique opens a new frontier for commercial deals.
Africa emerges as important player in global clean energy transition – AEC
The State of African Energy 2026 Outlook explores Africa’s role in the energy transition, spanning the value chain from the use of critical minerals in renewable energy generation to decarbonisation of the oil and gas industry.
Nigeria's SERAP sues NNPCL over missing oil funds totalling $91.5mn
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), seeking accountability for more than $91.5mn in allegedly unaccounted oil revenues
Africa-focused Meren Energy appoints Oliver Quinn CEO after Roger Tucker exit
Meren Energy (TSX/Nasdaq Stockholm:MER; OTCQX:MRNFF) has appointed Oliver Quinn as chief executive officer, replacing Roger Tucker following the integration of Prime Oil & Gas.
Indian Oil eyes investment in Tanzania’s petroleum and LPG sector
Indian Oil Corporation Limited, India’s state-owned oil company, has expressed interest in investing in Tanzania’s oil sector, aiming to boost energy supply and support economic growth
Chevron in talks with Libya and Iraq on potential oil projects expansion
US energy major Chevron (NYSE: CVX) is holding discussions with the governments of Iraq and Libya to assess potential opportunities to expand its footprint in the oil sector.
Egypt plans $250–350mn oil arrears payments in Q1 2026, unveils mining reform push
The Egyptian government plans to repay between $250mn and $350mn in outstanding dues to international oil companies during Q1 2026, alongside a broader structural plan to settle an additional $750mn
Egypt seeks to deepen Italian energy major Saipem’s role in new gas concessions
The Egyptian government is discussing with Italian oil services major Saipem the opportunities to expand the company’s activities in Egypt and potentially upgrading its role from contractor to investment partner in new gas exploration projects
Nigeria’s gross crude oil sales estimated at $38.2bn in 2025
Nigeria generated an estimated NGN55.5 trillion ($38.2bn) in gross crude oil sales in 2025, based on official production data from the NUPRC and price benchmarks from the CBN.
Nigeria’s Aradel Energy secures $250mn facility to expand ND Western stake
Aradel Energy has secured a $250mn strategic financing facility from Standard Bank to expand its stake in ND Western Limited and strengthen its position in Nigeria’s upstream oil sector.
Nigeria’s NUPRC cuts signature bonus to attract investors in 2025 oil block licensing round
Nigeria has opened bidding for 50 oil and gas blocks under its 2025 licensing round, cutting the signature bonus to between $3mn and $7mn in an effort to attract credible investors
Canadian oil and gas explorer Sintana Energy plans to expand in Namibia’s Walvis Basin
Canadian oil and gas explorer Sintana Energy (TSXV/AIM:SEI, OTCQX:SEUSF) has entered into a Letter of Intent with Namibia-based Paragon Oil & Gas to assess a potential investment in PEL 37 in the Walvis Basin, offshore Namibia.
Egypt to tender for 930,000 tonnes of fuel imports for February delivery
Egypt’s General Petroleum Authority (EGPA) is set to launch an international tender to import about 930,000 tonnes of petroleum products for delivery in February 2026
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