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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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Namibia's Nasan Energies gets regulatory approval to acquire 52 fuel stations from Vivo Energy
Namibia’s Nasan Energies (Nasan) has received regulatory approval to acquire 52 Shell and Engen-branded fuel service stations in the country from Vivo Energy plc's (LSE:VVO) local subsidiary.
UN experts oppose African Development Bank's $150mn loan to gas project in restive Mozambican region
A team of UN experts has expressed concern over a recent decision by the African Development Bank (AfDB) to grant a $150mn loan to support the construction of a liquefied natural gas (LNG) project in Mozambique.
Angola's Cabinda oil refinery construction complete, undergoing final technical testing before start-up
Construction of Angola’s second oil refinery is complete, with its commissioning expected within days.
Arcius Energy plans to drill two Mediterranean gas wells in Egypt
Arcius Energy is set to begin drilling two new gas exploration wells in Egypt’s Mediterranean waters as part of a broader campaign to expand upstream activity
Europe shifts to African LNG amid Middle East, Russia disruptions as Nigeria, Senegal boost supply
Mozambique Energy Chamber withdraws from London Africa Energies Summit
The Mozambique Energy Chamber (MEC) has announced that its members will withdraw from attending the Africa Energies Summit hosted by Frontier Energy Network in London on May 12 – 14.
Dangote and marketers partner to expand Nigeria fuel supply network
Dangote Petroleum Refinery has partnered with major fuel marketers to expand Nigeria’s fuel distribution network and reduce supply risks associated with reliance on a single producer
TotalEnergies to accelerate building of $20bn LNG project in Mozambique as Islamist insurgency ebbs
TotalEnergies has said the security situation in northern Mozambique has improved, thus the company will continue constructing its liquefied natural gas (LNG) project there.
Libya discovers 1 trillion cubic feet of offshore gas in Bahr Essalam
Libya has announced a new offshore gas discovery estimated at around 1 trillion cubic feet.
Morocco says fuel reserves cover 30 days amid rising global prices
Morocco has sufficient fuel reserves to meet around one month of domestic demand. Global energy prices continue to rise due to geopolitical tensions and supply disruptions driven by the US-Israeli war on Iran
Sintana Energy secures extension of Namibia licence for PEL 87 to advance offshore exploration
Namibia has extended Petroleum Exploration Licence 87 to January 2027, allowing Sintana Energy and Pancontinental Energy to advance seismic work, complete environmental approvals and prepare for drilling in the Orange Basin.
AEC calls on African oil and gas industry to boycott Africa Energies Summit in London
The African Energy Chamber (AEC) has called on African oil and gas companies to boycott the upcoming Africa Energies Summit over local content representation concerns.
Egypt’s Petrojet secures $4.7bn pipeline contracts as it expands into new sectors
Egyptian oil services company Petrojet, the engineering and construction arm of Egypt’s petroleum sector, has secured contracts for future projects worth EGP 246bn ($4.7bn) through 2029, both domestically and internationally,
Nigeria advances 50-block oil auction to bidding stage
Nigeria has moved its 2025 oil licensing round into the bidding phase after regulators shortlisted qualified firms to compete for 50 oil and gas blocks, marking a key step in one of the country’s most closely watched upstream investment exercises
Hormuz tensions raise inflation and energy security risks for Africa, says senior investment analyst
A senior investment analyst examines how the ongoing Middle East military conflict and rapidly climbing oil and gas prices are affecting African economies, supply chains and cost of living.
BP confirms Angola Quiluma start-up of gas production from Angola’s Quiluma field
BP has started gas production at Angola’s Quiluma field, as the New Gas Consortium project supplies feedstock to the Angola LNG plant and strengthens the country’s position in global gas markets.
Algeria boosts LNG exports as global supply disruptions reshape energy flows
Algeria’s liquefied natural gas (LNG) exports are surging amid escalating regional tensions and shipping constraints in the Strait of Hormuz
Rising oil prices threaten Tunisia’s economy amid Middle East tensions
Tunisia is increasingly exposed to the economic fallout of the ongoing Middle East tensions, mainly owing to the country’s reliance on imported energy.
Nigeria to enforce "drill or drop" rule to speed oil block development
Nigeria’s upstream regulator has said oil companies will no longer be allowed to hold prospecting licences for extended periods without carrying out explorations.
Nigeria’s Dangote and China’s GCL sign $4.2bn gas supply deal for Ethiopia fertiliser project
Nigerian conglomerate Dangote Industries and China’s GCL Group have signed a $4.2bn natural gas supply agreement to support a $2.5bn fertiliser complex in Ethiopia aimed at strengthening East Africa’s agricultural supply chain.
Eni announces two gas discoveries in offshore Libya
Italian energy major Eni announced two new gas discoveries south of its producing Bahr Essalam field in offshore western Libya, while also progressing with the country’s first deepwater exploration well alongside its partner BP.
Nigerian navy dismantles illegal refinery in Rivers and seizes 3,950 litres of stolen fuel
The Nigerian Navy has dismantled a reactivated illegal refinery and seized about 3,950 litres of suspected stolen petroleum products in Calabar as part of intensified operations against crude oil theft under Operation DELTA SENTINEL
Nigeria’s NNPCL remits full PSC profit oil to Federation Account after Tinubu directive
Nigeria’s state oil company remitted NGN121.343bn ($88.47mn) in Production Sharing Contract (PSC) profit oil proceeds to the Federation Account in February
Invictus Energy posts $2.8mn loss as Zimbabwe Cabora Bassa exploration spending rises
Invictus Energy Ltd (ASX:IVZ) reported a half-year net loss of $2.8mn as it continued funding exploration at Zimbabwe’s Cabora Bassa Project, with capitalised exploration spending rising to $85mn and cash reserves declining to $3mn.
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