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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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Nigeria’s integrated energy firm Heirs Energies wins EMEA award for $750mn financing deal
Nigeria’s Heirs Energies Limited, one of Africa’s leading indigenous-owned integrated energy companies, has been recognised on the global stage at the EMEA Finance Project Finance Awards 2026.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
Algeria, Nigeria and Niger launch construction on Trans-Saharan Gas Pipeline
Algeria, Nigeria and Niger have launched construction on the Algerian section of the Trans-Saharan Gas Pipeline, advancing a long-delayed project designed to transport up to 30bn cubic metres of Nigerian gas
Cameroon advances Kribi hydrocarbon terminal to boost fuel security and storage
Cameroon has secured presidential approval for financing a major hydrocarbon terminal at the deep-water port of Kribi, aims to nearly double the country's petroleum-storage capacity and significantly expand LPG reserves.
South Africa’s Eskom and Zululand Energy Terminal sign HOA to advance gas-to-power programme
South Africa’s state-owned power utility Eskom and Zululand Energy Terminal have signed a Heads of Agreement establishing the framework for a long-term strategic partnership to support South Africa’s gas-to-power programme.
Libyan crude exports fall to 19-month low amid infrastructure strain
Libya’s seaborne crude oil exports fell by more than 11% month-on-month (m/m) in May 2026, dropping to their lowest level in 19 months
Angola's Etu Energias challenges Energean's $260mn offshore acquisition of Chevron assets
Energean plc (LSE:ENOG) faces uncertainty over its planned $260mn acquisition of Chevron Corporation's (NYSE:CVX) interests in Angola's offshore Blocks 14 and 14K after local producer Etu Energias moved to exercise pre-emption rights.
Nigeria to launch 2026 oil licensing round by third quarter
Nigeria’s upstream regulator plans to launch the 2026 oil licensing round by the third quarter of 2026 after securing presidential approval
South Africa's Eskom secures LNG supply agreement with Vopak's JV Zululand for Richards Bay project
Eskom has signed a long-term LNG agreement with the Zululand Energy Terminal, providing access to South Africa's planned first LNG import facility and supporting a proposed 3,000 MW gas-fired power project at Richards Bay.
Egypt approves four oil and gas exploration agreements worth $53mn
The Egyptian cabinet approved four oil and natural gas exploration agreements with combined minimum investments of $52.97mn, committing to drilling six new wells
Rovuma LNG project could add $11bn annually to Mozambique GDP, says Standard Bank
The Rovuma LNG project in Mozambique could contribute about $11bn annually to the country's gross domestic product (GDP) and generate up to $150bn in state revenue over its 30-year lifespan, a new study released by Standard Bank Mozambique says.
Egypt, Chevron set September 2026 deadline to finalise Aphrodite gas field deals
Egypt and US energy major Chevron (NYSE:CVX) have agreed to finalise all core agreements to connect Cyprus’s Aphrodite gas field to Egyptian infrastructure for liquefaction and re-export by September 2026
Nigerian Supreme Court overturns asset freeze on Nestoil and Neconde
Nigeria’s Supreme Court has overturned a Court of Appeal order freezing the assets of Nestoil Limited, Neconde Energy and their promoters, ruling that the appellate court acted beyond its jurisdiction
Ivory Coast secures $751.6mn financing for Songon gas power plant
Ivory Coast has signed financing agreements for a 372MW combined-cycle gas-fired power plant in Songon, near Abidjan, in a project valued at XOF423.166bn ($751.6mn).
Expanding FLNG capacity strengthens Congo’s gas-focused energy strategy
The Republic of the Congo is moving towards a more flexible and export-focused gas sector as new floating liquefied natural gas (FLNG) developments emerge alongside existing capacity.
Nigeria says oil production unaffected by NUPRC workers’ strike over training, local capacity policy
Nigeria’s upstream oil production is unaffected despite a nationwide strike by workers at the NUPRC, as tensions grow over management’s decision to prioritise local technical training programmes over overseas capacity-building initiatives.
Tanzania’s TOL Gases reports lower Q1 revenue as finance costs rise
TOL Gases (DSE:TOL) reported lower quarterly revenue and continued liquidity pressure for Q1 as higher finance costs and bank overdraft utilisation weighed on performance despite positive operating cash flow and reduced liabilities.
Mozambique invites more South Korean investment into green hydrogen, critical minerals, agriculture
Mozambique is keen to collaborate with South Korea in mining, natural gas, infrastructure, green hydrogen and agriculture, a minister visiting Seoul said.
Africa-focused Savannah Energy secures $43.2mn loan, cash generation up 48% y/y in January-March
Savannah Energy (AIM: SAVE) reported stronger cash generation and lower debt in the first four months of 2026, while securing a new £32mn financing facility from its largest shareholder, NIPCO Plc, to support operations and growth plans.
Trident Energy applies its Equatorial Guinea operating model to Congo’s mature oilfields
London-based independent oil and gas company Trident Energy is advancing the development of its assets in the Republic of Congo.
Nigerian National Petroleum Company reports $350.9mn profit in April on higher production and revenue
Nigerian National Petroleum Company Limited (NNPCL) saw a 74.3% month-on-month increase in profit after tax to NGN481bn ($350.9mn) in April 2026, supported by stronger production and higher revenue
Nigeria’s Tinubu commissions four CNG infrastructure projects
President Bola Tinubu has commissioned four compressed natural gas (CNG) infrastructure projects across Lagos, Abuja and Owerri as part of efforts to reduce transport costs and increase domestic gas utilisation
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