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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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OPEC+ members stick together with latest output raise
OPEC+’s seven core producers have agreed a modest easing of voluntary supply curbs from August, signalling a cautious, coordinated shift in strategy rather than a wholesale change of direction.
Shell Nigeria, nine banks launch $3bn facility for local oil contractors
Shell Nigeria Exploration and Production Company has launched a $3bn contract finance facility with nine banks to support local contractors working on its oil and gas projects.
Angola targets regional refining hub status through downstream expansion
Angola is accelerating plans to become a major refining and petroleum trading hub in Africa via investments in refineries, fuel storage and logistics infrastructure aimed at reducing its dependence on imported fuels and expanding regional exports.
Namibia cuts fuel prices, revamps procurement system after $80mn support bill
Namibia has reduced fuel prices for July and announced an overhaul of its fuel procurement system after spending about $80mn cushioning consumers from rising global oil prices, the government has said.
Genel Energy agrees $360mn all-cash acquisition of Egypt-focused Capricorn
UK-listed Genel Energy (LSE:GENL) has agreed terms to acquire British oil and gas exploration and production company Capricorn Energy (LSE:CNE) in an all-cash deal valued at $360mn, giving the company a strategic entry into Egypt's oil and gas sector
Congo’s SNPC explores fuel supply partnership with Nigeria’s Dangote Refinery
SNPC and Dangote Refinery have begun talks on fuel supplies, refining cooperation and energy infrastructure as the Republic of Congo seeks to reduce imports of refined petroleum products.
Nigeria’s NNPCL profit down 12.85% m/m in May despite steady oil and gas production
Nigeria's state-owned NNPCL reported weaker financial results in May despite stable crude oil and natural gas production as it advances the AKK and OB3 gas pipelines.
Nigeria's Heirs Energies launches digital operations centre to optimise OML 17 production
Heirs Energies has launched a digital Integrated Operations Monitoring Centre for its OML 17 joint venture, integrating production monitoring, security surveillance and AI-enabled operational intelligence into a single platform.
Heirs Energies JV launches digital operations centre for Nigeria’s OML 17
Nigeria’s Heirs Energies OML 17 Joint Venture (JV) has launched an Integrated Operations Monitoring Centre (IOMC), a digital control centre developed with Redtech, the technology arm of Heirs Holdings.
African Energy Chamber calls for greater funding support for young energy entrepreneurs
The African Energy Chamber (AEC) has called for stronger financial support for young entrepreneurs to help expand energy access across Africa after taking part in the Powering Possibility forum in Johannesburg, South Africa.
QatarEnergy, ExxonMobil, Cyprus strike deal to exploit gas discovery off Cypriot coast
QatarEnergy, ExxonMobil and Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus gas fields in Block 10 offshore Cyprus, advancing plans to exploit the country’s offshore gas resources.
Energy statistics show we remain an overwhelmingly fossil fuel-based world
Renewables are growing fast, but oil and gas by far still dominate the global energy system.
Nigerian oil marketer Conoil profit falls 75% in 2025 amid soaring borrowing costs
Conoil's 2025 net profit fell 75% as finance costs nearly tripled amid Nigeria's high interest rates, overshadowing resilient revenue and continued investment.
Mozambique, Tanzania regulators sign oil and gas cooperation pact
Mozambique and Tanzania have signed a petroleum cooperation agreement to strengthen regulation, technical capacity and oversight of the gas-rich Rovuma Basin.
Eco Atlantic secures Namibia approval for PEL 98 farm-out as offshore portfolio advances
Eco Atlantic has received final ministerial approval to farm out its 85% stake in Namibia's offshore PEL 98 to Lamda Energy, a key regulatory milestone as the explorer advances projects across Namibia, South Africa, Guyana and the Falkland Islands.
Nigeria imports Libyan crude for first time as Dangote refinery diversifies feedstock
Nigeria imported Libyan crude for the first time as the 650,000-bpd Dangote refinery diversified feedstock amid domestic supply shortages despite the country's strong crude output.
Nigeria's Seplat Energy wins two honours at Nairametrics Capital Market Awards 2026
Seplat Energy has been named Energy Company of the Year and Dividend Paying Company of the Year at the Nairametrics Capital Market Awards 2026, in recognition of its financial performance and shareholder returns
Regulatory reforms revive investment in Angola’s offshore oil sector
Angola’s offshore oil sector is attracting renewed investment after years of declining production and delayed project development.
Nortrans secures Angola offshore contract for ExxonMobil-operated block
Singapore-based offshore accommodation provider Nortrans Offshore (Nortrans) has secured a two-year contract for its 500-person capacity Nor Spirit flotel to support offshore operations on Angola’s Block 15.
Rwanda, Kenya sign fuel import deal through Northern Corridor
Rwanda and Kenya have signed a MoU to enable Rwanda to import refined petroleum products through Kenya's Northern Corridor under a Government-to-Government (G2G) arrangement, giving the landlocked country access to Kenya.
EU's oil and gas suppliers push back against methane regulation
The US, Qatar, Nigeria and Algeria have warned the EU that its methane regulation could disrupt oil and gas supplies to Europe unless the bloc clarifies the rules and introduces targeted amendments.
Italian Eni starts up major offshore Sabratha gas compression project in Libya
Italy’s energy major Eni, in partnership with Libya’s state-owned National Oil Corporation (NOC), has commenced hydrocarbon production from the Sabratha Compression Project
Egypt launches $90mn initiative to raise natural gas production, targets El-Hamra Port expansion
Nigeria's crude oil export earnings jump 30% in Jan-May despite lower volumes
Nigeria exported 148.9mn barrels of crude oil worth $14.66bn in the first five months of 2026, as higher global oil prices offset lower export volumes, while domestic refiners renewed calls for stricter crude supply obligations.
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