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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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Egypt exports new LNG cargo to Turkey under Shell contract
Egypt has exported a new shipment of liquefied natural gas (LNG) for global energy major Shell (NYSE: SHEL), loaded from the Idku LNG complex on the Mediterranean coast
Libya signs $20bn oil deal with TotalEnergies and ConocoPhillips to boost output
Libya has signed a 25-year agreement to develop its oil sector with French energy major TotalEnergies (EPA: TTE) and the US firm ConocoPhillips (NYSE: COP), securing foreign investment exceeding $20bn.
Kenya energy firm KPC faces cautious investor outlook ahead of IPO
Kenya Pipeline Company (KPC) has drawn a cautious response from investors as it prepares for its Initial Public Offering (IPO), with analysts warning that the offer may appeal more to long-term institutional investors
Egypt’s government in talks with investment banks to fund fuel projects
The Egyptian government plans to present investment opportunities in the oil, gas and mining sectors to a group of investment banks, including projects aimed at achieving self-sufficiency in diesel and gasoline.
Italy's Eni gets $150mn African Development Bank loan to advance $7bn gas project in Mozambique
The African Development Bank (AfDB) has extended a $150mn senior loan to a consortium led by Italian oil supermajor, Eni (BIT: ENI}, to back the development of a $7bn floating liquefied natural gas (FLNG) project in northern Mozambique.
SOCAR secures stake in Côte d’Ivoire’s Baleine field and signs monitoring deal at Davos
Seplat Energy starts gas output at ANOH project in Nigeria
Seplat Energy has commenced gas production at its Assa North–Ohaji South (ANOH) gas project, marking the start of operations at one of Nigeria’s largest recent gas infrastructure developments
Uganda nears final investment decision on $4bn national oil refinery project
Uganda has moved closer to realising its long-delayed national oil refinery, signing key agreements with Dubai-based Alpha MBM Investments LLC
Attracting investment is key to maintaining Africa’s upstream momentum, says AEC chairman
Africa offers genuine reasons for confidence in its oil and gas future, considering the continued strength of its established producing regions coupled with the promise of emerging frontier basins and advances in new E&P technology.
Portugal’s Galp doubles down on upstream in Brazil
Portugal’s Galp will prioritise expanding oil and gas output in Brazil and Namibia while considering a stock market listing of parts of its downstream business within two years, co-chief executive João Diogo Marques da Silva said.
Egypt clears $5bn in oil partner arrears since June 2024, says PM
The Egyptian government has paid about $5bn in outstanding dues to foreign partners in its oil and gas sector since June 2024 under a previously announced repayment schedule
Predator Oil & Gas raises $6mn for Trinidad, Morocco operations
Predator Oil & Gas Holdings has raised GBP4.5mn ($6mn) before expenses through a share placement to fund drilling operations in Trinidad and advance its Moroccan gas projects, the Jersey-based company said.
Africa-focused Panoro Energy hits record 10,263 bpd output in 2025
Panoro Energy (OSE:PEN) posted record average production of 10,263bpd in 2025, lifted 3.1mn barrels and returned $35.8mn to shareholders, as the Africa-focused producer advances new drilling and appraisal projects in Gabon and Equatorial Guinea.
Equatorial Guinea seeks $300mn oil, LNG prepay deals to revive output
Equatorial Guinea reportedly seeks $300mn in oil and LNG prepayment deals with commodity traders to finance a hydrocarbon production revival, as output has fallen to around 40,000bpd and traditional bank funding retreats from fossil fuels.
Eni-led consortium spuds Libya’s first deepwater exploration well
Libya’s National Oil Corporation (NOC) and international partners have started drilling the country’s first deepwater exploration well in the Gulf of Sirte.
SHI launches hull for Eni’s Coral North FLNG project in Mozambique
Italian integrated energy group Eni and its partners on January 16 announced the launch of its Coral North floating LNG (FLNG) hull at the Samsung Heavy Industries’ Geoje Island shipyard in South Korea.
Algerian Sonatrach to pay $290mn in compensation to UK Sunny Hill Energy in gas dispute
An international arbitration tribunal has ordered Algeria’s state energy company Sonatrach to pay around $290mn to UK-based Sunny Hill Energy, following a long-running dispute over the Ain Tsila gas project in southeastern Algeria,
GOIL share price nearly doubled in 2025 as Ghana stock market rally boosts investor confidence
GOIL PLC’s share price almost doubled in 2025, outperforming much of the Ghana Stock Exchange as easing inflation and improving macroeconomic conditions fuelled a renewed appetite for equities.
Egyptian President El-Sisi directs government to prioritize settlement of foreign oil and gas debts
Egyptian President Abdel Fattah El-Sisi has directed the government to maintain its commitment to settling dues owed to oil and gas companies operating in Egypt
Mozambique government sees TotalEnergies, Exxon $30bn LNG projects back on track by mid-year
Mozambique’s President Daniel Chapo is optimistic that French oil supermajor, TotalEnergies (NYSE: TTE), will resume work at its $20bn liquefied natural gas (LNG) project later this month, five years after it abandoned the site following a terrorist
Shell restarts FPSO tender for $12bn Nigeria offshore Bonga development
Shell has restarted preparatory work on Nigeria’s Bonga South West-Aparo offshore oil project by launching a new FPSO tender. The project, located on OML118, was last costed at $12bn and could host production capacity of 150,000bpd.
OUTLOOK 2026 Ghana
Ghana is in a markedly stronger position than during the 2022–23 balance-of-payments and debt crisis. The IMF projects real GDP growth of about 4.8% in 2026, underpinned by firmer exports and easing inflation.
Nigeria opens 90-day fast-track approval window to boost oil output
Nigeria’s upstream regulator has launched a 90-day expedited approval window for oil field developments and production interventions as part of efforts to raise crude output to 3mn bpd by 2030
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