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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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Libya offers first oil exploration bidding round in around 17 years
Libya is launching its first oil exploration bidding round in more than 17 years by offering 22 areas for investment.
Russia to capitalise on Africa’s growing energy demand
Russia has been intensifying its efforts to strengthen energy partnerships with African countries, indicating a broader strategy to enhance its geopolitical influence across the continent.
Nigeria’s PCNGi and LNG Arete to construct $27.3mn gas plant
Nigeria’s drive to expand access to cleaner energy sources has advanced with a $27.3mn agreement between the Presidential Compressed Natural Gas Initiative (PCNGi) and LNG Arete Limited to build a liquefied natural gas (LNG) facility.
Ghana’s central bank to auction $120mn to oil distributors in Q2 2025
Ghana’s central bank will auction $120mn to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2025, matching the volume sold during the first quarter, in a bid to stabilise forex supply for energy imports.
Oil falls 3.75% amid global trade war recession fears
Oil prices fell 3.75% on April 7, continuing last week's losses, as escalating trade tensions between the United States and China fuelled fears of an economic recession that could reduce crude demand.
Kenya tax tribunal orders KRA to refund $0.74mn to gas exporter AGOL
Kenya’s tax appeals tribunal has ordered the Kenya Revenue Authority (KRA) to refund $0.742mn) in VAT to Africa Gas and Oil Company Limited (AGOL), a Mombasa-based LPG importer, storage operator, and exporter serving regional markets.
Egypt repays $800mn in arrears to foreign oil company partners
The Egyptian government has paid an additional $800mn in overdue payments to foreign oil companies by the end of March, Al Sharq reported on April 4, citing a government source.
TotalEnergies expands renewables footprint with key acquisitions across Europe, Africa, and North America
TotalEnergies has finalised its acquisitions of VSB Group, a European wind and solar developer, and SN Power, a hydropower firm with operations in Uganda.
Libya’s Methanol Plant II resumes operations after seven years of closure
Libya’s Methanol Plant II has resumed operations after nearly seven years of closure, according to a statement from the National Oil Corporation (NOC).
Kenya scraps KPC out of LPG project, awards contract to Nigerian firm
Kenya’s Ministry of Energy and Petroleum has scrapped a plan by state-owned Kenya Pipeline Co. to develop a 30,000-tonne liquefied petroleum gas storage facility in Mombasa, instead awarding the project to Asharami Synergy.
Africa Energy Bank receives capital contributions from Angola, Ghana and Nigeria
Three members of the African Petroleum Producers Organisation, Nigeria, Angola and Ghana, have fulfilled their capital commitments towards establishing the Africa Energy Bank.
65% of Nigerian tank farms lie dormant following removal of fuel subsidies
70 Nigerian tank farms have been forced to halt operations in the past two years following President Bola Tinubu’s announcement halting fuel subsidies.
Nigeria’s Dangote refinery buys Brazilian crude amid supply shortfalls
Nigeria’s Dangote refinery has purchased crude oil from Equatorial Guinea and Brazil as domestic suppliers become increasingly unreliable.
South Africa's first onshore LNG producer Renergen ups output by 22%
South Africa’s first liquefied natural gas (LNG) producer, Renergen has reported a 21.97% increase in output to 1,371 tonnes (t) from the previous quarter's production of 1,124t.
Oil prices surge on Trump threat to slap tariffs on Russian oil
Should tariffs come into force, Russian flows to its key customers could drop, tightening supply and potentially prompting OPEC+ to act to stabilise the market, according to Rystad.
Mozambique gripped by fuel shortage on hard currency crunch
A shortage of foreign currency, especially dollars, has precipitated an acute fuel shortage in Mozambique.
Nigeria to reclaim dormant oil assets under 'drill or drop' clause
Nigeria will commence the repossession of dormant oil assets from companies that have failed to develop them, in a move aimed at boosting production and revitalising the country's energy sector.
Tinubu replaces NNPCL chief executive in major restructuring of national oil company
President Bola Tinubu has removed Mele Kyari from his position as Group CEO of the Nigerian National Petroleum Company Limited (NNPCL) and appointed Bayo Ojulari, an engineer, as his successor.
Valaris secures $352mn drillship contract offshore West Africa
Valaris, the New York Stock Exchange-listed offshore drilling contractor, has secured a two-year contract worth $352mn for its ultra-deepwater drillship VALARIS DS-10, with operations set to commence offshore West Africa in late Q2 or early Q3 2026.
Nigerian Navy tackles crude theft in Delta State
The Nigerian Navy has increased its efforts in fighting crude theft and pipeline vandalism, locating and deactivating three illegal refining sites last week in Oteghele, Delta State.
Ghana advances gas infrastructure with second processing plant approval
Ghana’s cabinet has approved plans to develop a second gas processing plant, a move aimed at maximising the country’s 2.1 trillion cubic feet of gas reserves to support electrification and industrialisation.
Uganda to see $2.81bn oil and gas investment in 2025
Uganda’s Petroleum Authority (PAU) has announced that oil and gas companies are expected to invest at least $2.81bn domestically in 2025 up from $2.44bn last year.
ADNOC subsidiary XRG completes acquisition of Galp’s stake in Mozambique’s Rovuma Basin LNG projects
XRG, a wholly owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has completed its acquisition of Portuguese oil and gas company Galp Energia’s 10% interest in the Area 4 concession in Mozambique’s Rovuma Basin.
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