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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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Mozambican fuel group Petromoc triples 2025 profit despite lower sales
Mozambique's state-owned fuel company, Petromoc, almost tripled its net profit in 2025 despite a decline in fuel sales, supported by higher operating gains and reversals, according to financial statements published on July 14 and reported by Lusa.
Mozambique expects ExxonMobil LNG investment decision in September
Mozambique expects ExxonMobil to take a final investment decision (FID) on its Rovuma Liquefied Natural Gas (LNG) project in September, President Daniel Chapo said.
Mozambique can draw lessons from Angola's gas reforms as its LNG sector expands, says AEC
Mozambique should strengthen its regulatory framework and create a more predictable investment environment if it is to maximise the benefits of its growing LNG industry, says the African Energy Chamber.
Nigeria crude output hits 74-month high, exceeds Opec quota for fourth month
Nigeria's crude oil production rose to a 74-month high in June, exceeding its Organisation of the Petroleum Exporting Countries (Opec) quota for a fourth consecutive month
Cheiron Energy secures $550mn funding for Egyptian gas expansion
Cheiron Finance, a subsidiary of oil explorer Cheiron Energy, has signed a $550mn financing agreement with a syndicate of Gulf and international banks
Italian energy giant Eni eyes further Ghana investment after record gas output
Ghana’s Energy Minister John Abdulai Jinapor has praised Italian energy group Eni for helping strengthen the country’s energy security, 3News reported, after the company reversed a decline in production and reached record gas output.
Tanzania delays $420mn Canadian-backed gas-to-liquids plant pending gas supply assurance
Tanzania has delayed signing a gas supply agreement needed to advance a planned $420mn gas-to-liquids (GTL) plant, with state-owned Tanzania Petroleum Development Corporation saying natural gas will remain prioritised for electricity generation
SLB OneSubsea wins major contract for Côte d’Ivoire’s Baleine Phase 3
US energy technology company SLB (NYSE:SLB) said its OneSubsea joint venture had secured a major EPC contract from Italian energy group Eni (BIT:ENI) for Phase 3 of the Baleine oil and gas development.
OPEC’s leverage narrows as war and exits reshape supply
Sanctions on Iran, war‑time disruptions and the UAE’s departure from OPEC have eroded the cartel’s capacity to shape prices, leaving it increasingly reactive and internally constrained
Mauritius’ fuel fund deficit widens to $69mn on Middle East crisis
Mauritius' State Trading Corporation (STC) has accumulated a Rs3.28bn ($69mn) deficit in its Price Stabilisation Account as the conflict in the Middle East continues to drive fuel market volatility, Defi Media reported on July 11.
Galp Energia takes Mozambique tax dispute to ICSID arbitration
Portuguese energy company Galp Energia (ELI:GALP) has launched arbitration proceedings against Mozambique over a capital gains tax dispute arising from the sale of its stake in the country’s Area 4 offshore gas concession
Egypt revives drilling programme for southern Al-Baraka oil field
Egyptian Ganoub El Wadi Petroleum Holding Company (GANOPE) has launched a comprehensive redevelopment programme to reactivate production wells at the Al-Baraka oil field in the Kom Ombo concession
Russia pledges backing for Mozambique's fight against terrorism
Russia is ready to support Mozambique's efforts to eliminate terrorism and restore stability in the country's insurgency-hit north while expanding trade and investment ties, Russian Foreign Minister Sergey Lavrov said on July 9.
Congo appoints TotalEnergies veteran Franc Mouzabakani Kiesse as upstream petroleum chief
The Republic of Congo has appointed Franc Mouzabakani Kiesse as director general of the upstream petroleum sector as the country seeks to strengthen regulation, attract investment and raise oil and gas production.
Ageing gas plants threaten Nigeria’s power ambitions, report warns
Nigeria’s ageing gas-fired power stations are operating well below capacity, raising doubts about the country’s strategy of relying on natural gas to drive economic growth and expand electricity access
Africa secures $900mn in new clean-cooking finance commitments
African countries have secured $900mn in new clean-cooking finance commitments, lifting total pledges announced since 2024 to more than $3.1bn, according to the International Energy Agency.
Nigeria needs $38.3bn to meet 2030 oil and gas production targets, presidential adviser says
Nigeria needs an additional $38.3bn to sustain oil and gas production and meet its 2030 targets of 3mn barrels per day and 10bn cubic feet of gas per day, presidential energy adviser Olu Verheijen said.
Egypt and Jordan to expand gas and mining cooperation
Jordan’s Ministry of Energy is set to sign agreements with two Egyptian firms to deliver natural gas to the cities of Ma'an and Al-Muwaqqar
Report: Global LNG trade climbs by 6% in 2025
Global LNG trade experienced a banner year in 2025 rising by 6.3% to reach a record volume of 437 mn tonnes, according to the International Gas Union’s World LNG Report .
Libya’s NOC upgrades production measurement systems at Sarir oil fields
The General Directorate of Inspection and Measurement at Libya's National Oil Corporation (NOC) is supervising the upgrade and replacement of crude oil, gas, and condensate custody transfer measurement systems for Sarir Oil Operations
Kenya’s Ruto puts Kindiki in charge of government coordination for $17bn Dangote refinery
Kenya’s President William Ruto has appointed Deputy President Kithure Kindiki to oversee government coordination of the proposed $17bn East African oil refinery, as the project moves towards implementation
Metatek begins major airborne geophysical survey in Nigeria targeting hydrocarbons, critical minerals
Metatek-Group has begun a 210,000-line-kilometre airborne geophysical survey in Nigeria under a two-year contract supporting hydrocarbon, mineral and geothermal exploration.
ExxonMobil approves $1bn Nigeria offshore oil project to boost production
ExxonMobil (NYSE: XOM) and its partners have approved a $1bn investment in the offshore Usan Infill Project, a move expected to add about 40,000 barrels per day (bpd) to Nigeria's crude oil production
Nigeria's first locally led FLNG project secures 15-year gas supply agreement
Nigeria’s first locally led floating LNG project has secured a 15-year gas supply agreement, clearing a major hurdle as developers target a final investment decision in the fourth quarter of 2026 and first production by 2030
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