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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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IEA deepens forecast for 2026 world oil demand fall to 2.7mn b/d
World oil demand will shrink by 2.7mn barrels a day (b/d) in 2026, slightly more than expected a month ago, the International Energy Agency (IEA) said on November 13.
Ghana’s TotalEnergies holds dividend despite 9.6% fuel volume decline and weaker earnings
TotalEnergies Marketing Ghana Plc (GSE:TOTAL) has maintained its interim dividend at GHS0.8870 per share despite a 9.6% decline in fuel sales volumes and a 16.1% fall in nine-month profit.
Republic of Congo’s oil windfall offers window to break debt cycle – World Bank
The World Bank expects Republic of Congo’s growth to reach 4.4% in 2026 on higher oil prices, but warns arrears and debt near 97% of GDP threaten the recovery.
Hormuz shock splits Africa as Kenya loses Middle East sales, Angola’s $4bn fuel subsidy bill erodes oil windfall
The Hormuz closure cost 32 African importers $21.9bn while nine exporters gained $21.6bn, but fuel subsidies and import bills are eroding the windfall in Angola and Libya.
Ghana courts ExxonMobil, Shell and Chevron in six-deal push to lift oil output
Ghana aims to sign at least six petroleum agreements by March 2027 with firms including ExxonMobil, Shell, Chevron, Eni and Petrobras as oil output recovers from a six-year decline.
Benin ships first crude in nearly three decades from revived Sèmè field
Benin has shipped its first crude cargo in nearly three decades, with about 330,000 barrels from the revived Sèmè field heading to Rotterdam for Shell.
Meren completes Impact Oil & Gas restructuring, splitting Namibian and South African assets
Meren Energy (TSX/Nasdaq Stockholm: MER; OTCQX: MRNFF) has announced the completion of a restructuring of its investee company Impact Oil & Gas (Impact), separating its Namibian exploration and development interests from its South African assets.
Uganda’s oil and gas sector draws $14bn as local firms win 30% of major contracts
Uganda’s petroleum sector has drawn more than $14bn in investment and 22,234 jobs, with Ugandan firms winning 30% of Tier One contract value ahead of first oil.
Mozambique details $65mn financing plan and concession relief for delayed Temane power plant
Mozambique has outlined financial support measures for its delayed 450-megawatt (MW) Temane gas-fired power plant, including plans to mobilise up to $65mn from the World Bank for the state electricity utility Electricidade de Moçambique (EDM).
Murphy Oil signs four PSCs in Cameroon for potential $202mn offshore exploration programme
US independent oil and gas producer Murphy Oil Corporation (NYSE: MUR) has announced the execution of four production sharing contracts (PSCs) offshore Cameroon.
Impact Oil & Gas completes South African asset sale and refocuses on Namibia
Impact Oil & Gas has sold its South African exploration unit to a Deepkloof-owned company, leaving its 9.5% stakes in Namibia’s Venus blocks at its core.
Nigeria's crude stays above OPEC level for sixth month as total liquids fall 1.7%
Nigeria's crude oil production averaged 1.51mn bpd in October, remaining above its 1.5mn bpd OPEC production level for a sixth consecutive month
QatarEnergy, BP deals mark Namibia’s shift from wildcat frontier to majors’ basin
QatarEnergy, BP, TotalEnergies and Equinor deals reshape Namibia’s offshore licences as the country awaits a final investment decision on Venus.
Nigeria’s upstream regulator says it approved 145 new wells and 39 field plans in 2026 as active rigs reach 46
Nigeria’s upstream petroleum regulator said it had approved 145 new well-drilling operations, 595 well re-entries and 39 field development plans so far in 2026, while reporting 46 active drilling rigs.
Nigeria’s top listed firms’ tax payments rise 73% to $2.53bn in nine months
A BusinessDay tally of tax payments disclosed by 23 companies in Nigeria's NGX 30 rose about 73% year on year to NGN3.412 trillion ($2.53bn) in the first nine months of 2026.
Ghana announces deepwater hydrocarbon discovery at Nya Gyidie-1X well
Ghana reports a hydrocarbon find at the Nya Gyidie-1X well in the Deepwater Cape Three Points block, its first successful carbonate play test, as output recovers.
Ghana makes first offshore discovery in five years in block ExxonMobil gave up
Ghana has discovered hydrocarbons in an offshore block relinquished by ExxonMobil five years ago, opening a new exploration frontier as the country seeks to reverse declining oil production.
Ghana agrees roadmap with Tullow Oil on $393mn tax bill, reaffirms $2bn Jubilee and TEN plan
The arbitration loss left Tullow facing a bill close to the proceeds of its recent asset sales, at a time when it is concentrating on Ghana.
Cameroon’s state crude sales fall 14% to $426mn in H1 as first-quarter volumes slump
Cameroon’s sales of crude oil marketed on behalf of the state fell 20.8% year on year to XAF237.9bn ($425.6mn) in the first half of 2026, as a slump in volumes early in the year outweighed a sharp rise in oil prices in the second quarter.
Nigeria says foreign groups eye $21bn oil and gas investment under non-binding MoUs
Nigeria’s oil minister says two unnamed foreign investor groups are considering investments worth a combined $21bn.
Egypt seeks to accelerate gas pipeline and oil refining projects with Libya
Egypt is seeking to accelerate energy cooperation with Libya, including natural gas pipeline connections, crude oil refining arrangements and electricity interconnection projects
QatarEnergy expands Namibia exploration portfolio with Chevron deal
QatarEnergy has agreed to acquire a 25% stake in an offshore exploration licence in Namibia from US oil major Chevron, expanding its presence in the country.
Libya advances $8bn offshore gas development projects
Egypt signs $42.2mn Cheiron offshore exploration deal as gas output declines
Egypt has signed a natural gas and oil exploration agreement with Cheiron for the East Alexandria Offshore concession in the Mediterranean Sea
Mozambique seeks to shield public finances from $7.2bn Coral Norte gas financing
Mozambique has stipulated that financing of up to $7.2bn for Eni's Coral Norte floating liquefied natural gas (LNG) project must not impose debt or fiscal liabilities on the state.
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