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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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Data centre boom can position Africa as key player in global digital economy, says AEC
Ghana pays $1.47bn to clear energy debt, restore World Bank guarantee under Mahama
Ghana paid $1.47bn in 2025 to stabilise its energy sector, clearing arrears and restoring a $500mn World Bank guarantee that underpinned the Sankofa gas project.
Egypt exports new LNG cargo to Canada as gas output expansion gains pace
Egypt exported a new liquefied natural gas (LNG) cargo from the Idku LNG complex on the Mediterranean coast, destined for Canada on behalf of France’s TotalEnergies (TTE: EPA)
Nigeria LNG accelerates completion of $10bn Train 7 project
Nigeria LNG Limited is intensifying efforts to complete its $10bn Train 7 expansion on Bonny Island
Nigeria’s Seplat shares rise 6.2% in early 2026 after Heirs stake acquisition
Seplat Energy’s (NGX: SEPLAT, LSE: SEPL) shares rose 6.2% on the NGX in the first trading week of 2026, reaching a 52-week high.
Seplat Energy appoints new UK brokers amid investor surge
Seplat Energy has appointed Canaccord Genuity Limited and Peel Hunt LLP as joint corporate brokers in the United Kingdom, joining Citigroup Global Markets Limited, as investor interest in the Nigerian oil and gas company continues to rise.
Nigerian billionaire Dangote withdraws petition against ex-NMDPRA chief as ICPC probes continue
Aliko Dangote has withdrawn his petition against former Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive Officer Ahmed Farouk
Nigeria: Afreximbank provides $64mn facility to Levene Energy for Axxela stake
Afreximbank has provided a $64mn acquisition finance facility to Levene to support its purchase of a 30% stake in Axxela Limited, marking the trader’s entry into Nigeria’s regulated midstream & downstream gas infrastructure market.
Nigeria’s oil regulators move to end overlaps as NUPRC, NMDPRA deepen coordination
Nigeria’s oil regulators NUPRC (upstream) and NMDPRA (midstream/downstream) have agreed to bolster coordination to resolve regulatory overlaps, as part of efforts to improve governance, attract investment under the Petroleum Industry Act framework.
EACOP set to be finished this year as construction nears end
The East African Crude Oil Pipeline (EACOP) project is set to be completed by July 2026 after years of difficulties.
Algeria and Ghana seal R&D MoU in oil and gas sector
Algeria’s state oil company Sonatrach and the Ghana National Petroleum Corporation (GNPC) have signed an MoU to cooperate on research, development and innovation in the oil and gas sector.
Libya expects to resume oil exports from Es Sider port within days
Libya expects to resume oil exports from the Es Sider port within the next few days, after the key terminal remained closed for nearly a year due to protests
Nigeria’s oil output rises 7% in 2025 but misses fiscal targets
Nigeria’s average crude oil production, including condensates, rose 7% year on year to 1.652mn barrels per day in the first 11 months of 2025, but remained below fiscal targets set by the government
ReconAfrica raises $14.8mn as it looks to fast-track Namibia, Angola and Gabon projects
Reconnaissance Energy Africa Ltd has announced a CAD20mn ($14.8mn) overnight marketed private placement to fund a 2026 exploration and appraisal programme across Namibia, Angola and offshore Gabon, expanding its multi-basin Africa strategy.
Uganda, Tanzania say first crude exports via EACOP will start in October 2026
Energy ministers from Uganda and Tanzania have announced that the first exports of crude oil from Uganda’s oilfields via the East African Crude Oil Pipeline (EACOP) will take place in October 2026.
BP plans to boost drilling investments in Egypt in 2026
UK energy major BP plans to increase its investments in Egypt by implementing new drilling programmes in 2026 and fast-tracking production from recent discoveries.
South Africa’s RMB backs $285mn BlueCore deal to boost Nigerian gas infrastructure
RMB closed the financing for BlueCore InfraCo to acquire Glover Gas & Power B.V., the sole owner of Axxela, one of Nigeria’s largest private gas and power distribution platforms.
Libya cuts gas flaring by 100mn cubic feet per day through five major projects
Libya’s NOC succeeded in reducing natural gas flaring by more than 100mn cubic feet per day, following the implementation of a package of strategic projects aimed at capturing and utilising associated gas instead of burning it
Nexus Alliance denies link to Nigeria’s proposed oil pipeline rehabilitation deal
Nexus Alliance has denied claims that it is involved in a proposed $2bn pipeline rehabilitation deal with Nigeria’s state oil company, distancing itself from recent media reports linking it to the financing discussions.
Ghana deepens control of flagship oilfields with Jubilee licence extended to 2040
Ghana has approved the extension of licences covering its flagship offshore oilfields, paving the way for a larger state stake in production as the country seeks to boost long-term revenues and slow output decline.
Qatar to provide Egypt with LNG shipments for summer 2026
Qatar is set to fortify Egypt’s energy security through the summer of 2026 by delivering up to 24 liquefied natural gas shipments.
West Africa-focused Savannah Energy ends buyback deal as Nipco buys 25% stake
Savannah plans to enter a relationship agreement with its largest shareholder, NIPCO Plc, as the Nigerian group ups its stake to 25%, replacing a previously approved share buyback with secondary market acquisitions, formal governance protections.
Canadian group Reconnaissance Energy Africa named 2026 oil, gas pick
Toronto-based Research Capital Corp. has named a local hydrocarbon firm, Reconnaissance Energy Africa (TSXV: RECO, OTCQX: RECAF, Frankfurt: OXD, NSX: REC), as the top oil and gas pick for 2026.
General strike paralyses transport across Algeria amid fuel price hikes and new traffic law
Nigeria’s NNPCL subsidiaries’ debt surges 70% to $21.12bn in 2024 amid reforms
Inter-company debts within Nigerian National Petroleum Company Limited (NNPCL) rose by 70.4% to NGN30.3 trillion ($21.12bn) in 2024
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