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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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Panoro targets 20,000 bpd after low-cost acquisition stake in Block G offshore Equatorial Guinea
Panoro Energy (OSE:PEN) said a $180mn acquisition raising its stake in Equatorial Guinea’s Block G to 54.625% will nearly double reserves and support production growth towards 20,000 bpd in 2027 as the company expands its African offshore portfolio
Tullow Oil posts drop in revenue, profit for 2025 as Ghana pivot drives restructuring
Tullow Oil Plc (LSE/GSE:TLW) reported lower 2025 revenue of $847mn as it completed a strategic pivot to Ghana, cutting debt to $1.35bn and securing refinancing to 2028+, positioning the company to generate $70–175mn in free cash flow in 2026.
Mozambique resumes LNG projects as industry pushes for inclusive growth
Industry leaders emphasise that long-term success of Mozambique LNG sector development depends on inclusive growth, local participation and stronger community engagement.
Egypt and Algeria sign crude supply deal, expand energy cooperation
Egypt and Algeria have signed a memorandum of understanding (MoU) to facilitate the purchase of Algerian crude oil, while also exploring broader cooperation in the oil and gas sectors
Qatari Green Sky Capital finances major sustainable aviation fuel facility in Egypt
Qatari-based firm Green Sky Capital has signed a major financing agreement for a pioneering sustainable aviation fuel (SAF) production facility in Ain Sokhna
Nigeria draws nearly 300 bidders for 50 oil blocks in 2025 licensing round
Nigeria has attracted close to 300 bidders for 50 oil blocks in its 2025 licensing round, signalling renewed investor interest in the upstream sector following recent regulatory reforms
Ghana seals gas expansion deal with Eni and Vitol in push for energy security
Ghana has signed a new agreement with Italian energy giant Eni, Vitol and the Ghana National Petroleum Corporation to expand domestic gas production, as the country seeks to strengthen energy security and reduce reliance on imported fuel
Kenya and Tanzania agree energy pact for Dar es Salaam–Mombasa gas pipeline feasibility study
Tanzania and Kenya on May 4 signed a bilateral energy agreement centred on a proposed natural gas pipeline linking Dar es Salaam to Mombasa, marking a new phase in cross-border infrastructure cooperation
Trafigura eyes 36.36% stake in South Africa's Natref oil refinery
Trafigura is among bidders for a 36.36% stake in Sasol’s Natref refinery in South Africa, as demand growth and limited refining capacity boost interest in strategic fuel assets following Prax Group’s administration.
Nigeria’s NNPCL signs MoU with Chinese companies to revive refineries with equity partnership model
Nigeria’s state oil company entered wants Chinese firms to accelerate the overhaul and restart of the state-owned 210,000-bpd Port Harcourt and 125,000-bpd Warri refineries amid soaring oil prices.
Fuel prices in Morocco ease in May after weeks of sharp increases
Fuel prices in Morocco declined by around MAD 1 ($0.1) per litre in May, marking the first notable correction after weeks of consecutive increases that had pushed prices to record levels.
TotalEnergies Marketing Ghana profit drops 26% y/y in Q1 amid weak sales
TotalEnergies Marketing Ghana PLC (GSE:TOTALGH) posted a 26% year on year (y/y) decline in profit after tax for the first quarter ended March 31, 2026, as revenues fell sharply amid weaker sales.
IMF implores Angola to use increased oil revenue to reduce its debt as crude prices surge
The International Monetary Fund (IMF) has urged Angola to use any unbudgeted oil revenue to reduce its debt while maintaining its fiscal consolidation stance.
Shell to begin gas production from Egypt’s West Mina field late 2026
International oil major Shell (NYSE:SHEL) is set to begin natural gas production from Egypt’s West Mina field in the Mediterranean Sea in Q4 2026, in partnership with Kuwait Foreign Petroleum Exploration Company (KUFPEC).
Nigeria LNG directs all LPG output to domestic market as demand rises
Nigeria LNG Limited (NLNG) is directing all its liquefied petroleum gas (LPG) production to the domestic market as rising cooking gas demand strains supply
Nigeria strengthens gas push as regulator and NLNG deepen industry collaboration
Nigeria’s upstream regulator and leading gas producer have signalled stronger coordination to expand domestic supply and boost investor confidence under the government’s gas-driven strategy
AEC calls on African oil producers to remain in OPEC after UAE exit
The African Energy Chamber (AEC) has urged African oil-producing countries – Algeria, the Republic of Congo, Libya, Equatorial Guinea, Gabon and Nigeria – to remain within OPEC.
OPEC+ core adjusts output as UAE finalises institutional withdrawal
The UAE has formally withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), deepening its strategic pivot away from multilateral energy frameworks
Egypt announces new natural gas discovery in Nile Delta
Egypt’s Ministry of Petroleum and Mineral Resources has announced a new natural gas discovery in the Nile Delta, marking a significant step towards strengthening domestic energy production
Egypt plans to cut fuel imports by 25% in May as demand eases
The Egyptian government is currently planning to reduce its fuel imports by up to 25% in May, as domestic demand declines following the introduction of commercial energy-saving measures
Egyptian government slashes oil partners' arrears to $714mn
Egypt’s Ministry of Petroleum and Mineral Resources has announced a further decline in outstanding payments owed to foreign oil companies, with the total arrears dropping to $714mn,
Egypt-focused TAG Oil narrows losses as financing backs expansion plans
TAG Oil (TSXV:TAO) reported $1.39mn in 2025 oil revenue and narrowed losses as production stabilised at Egypt’s Badr field, with fresh $11.5mn financing set to support drilling and development across its Western Desert assets.
TotalEnergies eyes more natural gas exploration projects in Egypt
French energy major TotalEnergies (EPA:TTE) has announced plans to expand its natural gas exploration and production activities in Egypt in the coming period
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