oil_drop.jpg
Looking for more AfrOil articles? Or would you like to find out more about the publication? Keep reading.
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.
AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.
Want to try it out?
The majority of our premium content is ONLY available to our subscribers.
If you would like to try AfrOil we can offer you a, no obligation, free trial, giving you a chance to get to know the publication and get hooked on the quality content. No credit card required. Simply fill in the form at the bottom of this page and we will send you your first copy of AfrOil
Need more convincing?
- Check out our client testimonial
- Find out more about subscribing to AfrOil
- Read a recent issue cover to cover (click the image below)
Nigeria’s oil output rises 7% in 2025 but misses fiscal targets
Nigeria’s average crude oil production, including condensates, rose 7% year on year to 1.652mn barrels per day in the first 11 months of 2025, but remained below fiscal targets set by the government
ReconAfrica raises $14.8mn as it looks to fast-track Namibia, Angola and Gabon projects
Reconnaissance Energy Africa Ltd has announced a CAD20mn ($14.8mn) overnight marketed private placement to fund a 2026 exploration and appraisal programme across Namibia, Angola and offshore Gabon, expanding its multi-basin Africa strategy.
Uganda, Tanzania say first crude exports via EACOP will start in October 2026
Energy ministers from Uganda and Tanzania have announced that the first exports of crude oil from Uganda’s oilfields via the East African Crude Oil Pipeline (EACOP) will take place in October 2026.
BP plans to boost drilling investments in Egypt in 2026
UK energy major BP plans to increase its investments in Egypt by implementing new drilling programmes in 2026 and fast-tracking production from recent discoveries.
South Africa’s RMB backs $285mn BlueCore deal to boost Nigerian gas infrastructure
RMB closed the financing for BlueCore InfraCo to acquire Glover Gas & Power B.V., the sole owner of Axxela, one of Nigeria’s largest private gas and power distribution platforms.
Libya cuts gas flaring by 100mn cubic feet per day through five major projects
Libya’s NOC succeeded in reducing natural gas flaring by more than 100mn cubic feet per day, following the implementation of a package of strategic projects aimed at capturing and utilising associated gas instead of burning it
Nexus Alliance denies link to Nigeria’s proposed oil pipeline rehabilitation deal
Nexus Alliance has denied claims that it is involved in a proposed $2bn pipeline rehabilitation deal with Nigeria’s state oil company, distancing itself from recent media reports linking it to the financing discussions.
Ghana deepens control of flagship oilfields with Jubilee licence extended to 2040
Ghana has approved the extension of licences covering its flagship offshore oilfields, paving the way for a larger state stake in production as the country seeks to boost long-term revenues and slow output decline.
Qatar to provide Egypt with LNG shipments for summer 2026
Qatar is set to fortify Egypt’s energy security through the summer of 2026 by delivering up to 24 liquefied natural gas shipments.
West Africa-focused Savannah Energy ends buyback deal as Nipco buys 25% stake
Savannah plans to enter a relationship agreement with its largest shareholder, NIPCO Plc, as the Nigerian group ups its stake to 25%, replacing a previously approved share buyback with secondary market acquisitions, formal governance protections.
Canadian group Reconnaissance Energy Africa named 2026 oil, gas pick
Toronto-based Research Capital Corp. has named a local hydrocarbon firm, Reconnaissance Energy Africa (TSXV: RECO, OTCQX: RECAF, Frankfurt: OXD, NSX: REC), as the top oil and gas pick for 2026.
General strike paralyses transport across Algeria amid fuel price hikes and new traffic law
Nigeria’s NNPCL subsidiaries’ debt surges 70% to $21.12bn in 2024 amid reforms
Inter-company debts within Nigerian National Petroleum Company Limited (NNPCL) rose by 70.4% to NGN30.3 trillion ($21.12bn) in 2024
Egypt signs two agreements to supply Syria with gas and petroleum products
Egypt has signed two agreements with Syria to supply natural gas for electricity generation and to meet the country’s needs for petroleum products
Helios exits Nigeria’s Axxela with full sale to BlueCore consortium
Helios Investment Partners has sold its entire 75% stake in Nigerian gas distributor Axxela Limited to BlueCore Gas InfraCo Limited
Kosmos shares jump on Ghana oil boost, LNG ramp-up and debt moves
Shares in Kosmos Energy rose nearly 5% after the US-listed independent reported strong operational momentum in Ghana and West Africa, alongside steps to shore up its balance sheet.
Ghana’s $11.5bn oil windfall risks waste without long-term plan, watchdog says
Ghana has earned more than $11.5bn from petroleum revenues since 2011, but weak planning and inconsistent management threaten to blunt the impact of the oil windfall, a statutory watchdog has warned.
Geopolitical volatility triggers OPEC+ retreat to market neutrality
The leading factions of the OPEC+ alliance have opted to maintain current crude production ceilings
EACOP 79% complete, on track for July 2026 completion as Uganda upstream readies
The East African Crude Oil Pipeline is 79% complete and on track for July 2026, with developers focusing on synchronising commissioning with Uganda’s Tilenga and Kingfisher upstream projects as the $5bn export system moves toward first oil.
Libya's oil revenues rise 15% y/y to $21.9bn in 2025 on higher production
Libya’s National Oil Corporation (NOC) said the country’s oil revenues reached $21.9bn in 2025, marking a 15% year-on-year (y/y) increase, supported by the highest average production levels in a decade.
Aradel raises ND Western stake to 87.67% via $40mn acquisition as Nigeria’s local producers scale up
Aradel Holdings completes acquisition of an additional 40% stake in ND Western, lifting its ownership to 81.67% and consolidating control of a key Nigerian onshore oil asset as local producers continue to expand following international divestments.
Angola offshore output gets lift as Chevron brings South N’dola onstream
Chevron has achieved first oil from its South N’dola platform offshore Angola, bringing a brownfield tieback onstream in Block 0 as the country leans on incremental projects to stabilise output from mature offshore fields.
Nigeria oil output stays below OPEC+ quota in November, NUPRC data show
Nigeria’s oil output averaged about 1.6mbpd in November, remaining below its OPEC+ quota as weak condensate production offset modest gains in crude, highlighting persistent operational and security constraints in the upstream sector.
Nigeria’s Heirs Holdings buys 20% of Seplat Energy from Maurel & Prom in $496mn deal
Heirs Holdings to acquire a 20% stake in Nigeria’s Seplat Energy for $496mn, strengthening indigenous ownership in the upstream sector after Seplat’s expansion by acquiring Exxon Mobil’s Nigerian onshore assets.
Ghana’s state refinery restarts crude processing after years offline
Ghana’s state-owned Tema Oil Refinery (TOR) has resumed crude oil refining after several years of inactivity, following major maintenance works and regulatory clearance, the company said.
Follow us online