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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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Panic buying begins in Nigeria as naira-for-crude initiative ends
The Nigerian government’s cancellation of the naira-for-crude initiative has led to the beginnings of a fuel crisis, with retailers hoarding fuel to guarantee they have enough to sell at a higher rate – according to Business Insider Africa.
SNPC presents Gas Master Plan at Congo Energy & Investment Forum in Brazzaville
The Republic of Congo’s national oil company SNPC has outlined its forthcoming Gas Master Plan (GMP) designed to serve as a roadmap to developing the country’s gas resources for domestic and export markets.
Canadian explorer Africa Oil completes “transformational” Prime consolidation, declares quarterly dividend of $25mn
Canadian oil and gas exploration company Africa Oil Corp. (Africa Oil) has announced the completion of the amalgamation to consolidate all of the Prime Oil & Gas Coöperatief (Prime) shareholding in Africa Oil.
South African lawmakers visit Astron refinery amid fuel supply concerns
South African lawmakers conducted an oversight visit to the country’s Strategic Fuel Fund (SFF) in Saldanha and the Astron Energy Refinery in Milnerton on March 25-56, as the country grapples with an acute fuel shortage.
Egyptian Rashpetco, Burullus aim to raise natural gas production by 44% in FY2024-25
Egyptian oil developers Rashid Petroleum (Rashpetco) and Burullus Gas announced plans to raise their daily natural gas production by 44% year-on-year (y/y) to 320mn cubic feet in FY 2024/25
Golar LNG signs financial lease deals with Chinese investors for FLNG
Golar LNG has signed finance lease agreements with a group of Chinese leasing firms to refinance the existing debt facility on its Gimi FLNG vessel.
Energean calls off $945mn East Med sale to Carlyle
The transaction, announced in June 2023, was intended to support Carlyle’s launch of a new Mediterranean-focused oil and gas company.
US jet fuel imports reach two-year high amid surge from Nigeria's Dangote refinery
Jet fuel imports into the United States rose to their highest level in two years in March, following a sharp increase in shipments from Nigeria’s Dangote refinery,
Canadian explorer ReconAfrica to accelerate onshore drilling in Namibia’s Damara Fold Belt in Q2 2025
Canadian oil and gas exploration company Reconnaissance Energy Africa has announced the acceleration of drilling within Petroleum Exploration Licence 73 into Q2 2025. The onshore licence covers areas in northeastern Namibia in the Damara Fold Belt.
Tullow Ghana shuts Jubilee oil field for maintenance
Tullow Ghana and its partners will shut down production at the Jubilee oil field for 16 days starting March 25 as part of a planned maintenance programme aimed at boosting efficiency and reducing operational risks.
OPEC+ announces new cuts to balance out higher output
OPEC+ has unveiled a fresh strategy to enforce additional production cuts, aimed at counterbalancing an uptick in output among its member nations.
Kenya to relaunch oil exploration licensing in September 2025, identifies "10 highly prospective blocks"
Exploration activity in Namibia set to grow in 2025, says petroleum commissioner
Namibia’s offshore oil and gas sector is poised for substantial expansion, fuelled by new licensing rounds and an uptick in drilling activities in 2025.
Nigerian modular refineries operating at 20% capacity
Numerous modular refineries are still waiting for crude supplies following promises by the Nigerian National Petroleum Company Ltd (NNPCL) to lend support as part of the country’s plan to develop domestic refining capacity.
Libya's central bank warns sharp disparity between foreign currency sales, oil income threatens stability
Nigeria inaugurates first modular LPG plant, 20-MW gas-to-power project
The Nigerian government has inaugurated the country’s first modular liquefied petroleum gas extraction plant and a 20-MW gas-to-power project at the Otakikpo field in Rivers State.
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