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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 fails to rescue damaged Russian shadow LNG tanker
The Russian shadow fleet LNG tanker Arctic Metagaz was left drifting uncontrolled in the central Mediterranean after a failed towing attempt early on April 2
Libya's oil production reaches a decade-high amid regional energy shifts
Libya’s oil production has surged to nearly 1.43mn barrels per day (bpd), marking its highest level in over a decade.
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Algeria to launch new oil and gas licensing round on April 19
Algeria is preparing to launch a new oil and gas licensing round on April 19, 2026, offering seven exploration blocks to international energy companies as part of efforts to boost investment and expand hydrocarbon resources.
Moroccan government spends $180mn monthly on butane gas subsidies
Morocco expects to spend up to MAD 1.6bn ($180mn) per month to subsidise butane gas, widely used for cooking, electricity and public transport, as it seeks to stabilise prices amid sharp global energy market volatility
Egypt signs $500mn investment deal with Arcius to develop Harmattan gas field
Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed a final investment decision (FID) agreement with energy firm Arcius to develop the Harmattan gas field in the Mediterranean, with total investments estimated at up to $500mn
Putin strengthens food supply ties with Egypt, proposes grain and energy hub
Russian President Vladimir Putin has instructed his government to work on securing food supplies to Egypt, particularly grain shipments, as part of efforts to strengthen strategic ties between the two countries.
Renaissance Africa Energy reports increased gas output
Renaissance Africa Energy Company Nigeria Ltd has reported gas production of 2.2bcf and raised its output target to 3bcf by 2030, citing regulatory support and operational expansion
Chevron backs Aseng gas project to extend Equatorial Guinea LNG exports
Chevron (NYSE:CVX) has approved the Aseng Gas Monetisation Project in Equatorial Guinea, advancing a development aimed at sustaining the country’s LNG exports into the mid-2030s, subject to final regulatory approval
Nigeria exports 950,000 barrels of new Cawthorne blend crude in first lifting from FSO terminal
Nigerian National Petroleum Company Limited has exported 950,000 barrels of a new Cawthorne blend crude, marking the first lifting from the FSO Cawthorne facility — Nigeria’s first new crude oil terminal in 50 years.
Libya licensing round falls short amid legal and structural challenges
Libya’s latest oil and gas licensing round has delivered weaker-than-expected results, mainly due to persistent legal, fiscal and structural challenges facing the country’s energy sector.
Nigeria’s gas dilemma: abundant reserves, limited domestic delivery
Despite its vast proven natural gas reserves of almost 210 trillion cubic feet, Nigeria has been unable to harness sufficient gas for its domestic economy or export market.
Global oil shock puts Ghana on alert as government weighs fuel tax cuts
Ghana may review fuel taxes and levies if surging global oil prices place excessive pressure on consumers, a government spokesperson said, as rising geopolitical tensions threaten to drive up energy costs.
Morocco fuel prices rise for third time amid Iran war tensions
Fuel prices in Morocco are set to rise for the third time since the outbreak of the Iran war, with new increases taking effect from midnight on April 1, 2026,
ExxonMobil, QatarEnergy plan new gas exploration wells in Egypt’s eastern Mediterranean
US energy major ExxonMobil (NYSE:XOM) and QatarEnergy are planning to drill new exploratory wells in the eastern Mediterranean by the end of 2026
BP plans $1.5bn investment to expand operations in Egypt
British energy major BP is currently planning to strengthen its presence in Egypt and expand its operations
Afreximbank underwrites $2.5bn of $4bn loan to Nigeria’s Dangote oil refinery
Afreximbank has underwritten $2.5bn of a $4bn syndicated loan for the Dangote Refinery in Nigeria, supporting Africa’s largest refining project and boosting energy security.
Morocco faces gas supply disruptions, turns to coal to meet power demand
Morocco has experienced sharp disruptions in gas supplies in recent days after flows via Spain were halted for four consecutive days
India in talks to widen gas supply network to Angola amid tight Middle East deliveries
Four Indian state-owned companies are negotiating to source gas from Angola as the Asian giant seeks alternative sources because of constrained supplies from the Middle East.
Egypt and Cyprus sign gas framework deal to boost energy cooperation
Egypt and Cyprus signed a framework agreement on March 30 to strengthen cooperation in the gas sector
Botswana in talks to take 30% stake in Angola’s $6.6bn Lobito oil refinery
If Gaborone secures a 30% stake in the Angolan refinery, its proportional share would equate to around 60,000 bpd of refining capacity, roughly twice Botswana's current level of consumption.
Chariot Limited acquires interest in two oil projects in Angola
Africa-focused energy group Chariot Limited (AIM:CHAR) has acquired a working interest in two oil blocks in Angola through its exploration and production subsidiary, Etu Energias SA.
Eni to invest $2bn in Egypt’s energy sector before end-2026
Italian energy major Eni is set to invest $2bn in Egypt’s energy sector before the end of 2026. The aim is to expand exploration activities and boost production.
Mozambique's National Hydrocarbons Company pays $78mn dividends to government over eight years
Mozambique’s state-owned National Hydrocarbons Company (ENH) has paid up to $78mn in dividends to the state since 2018, Lusa wrote on March 27.
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