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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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Nigeria cannot allocate full 700,000 bpd of uncommitted crude to Dangote refinery, minister says
Nigeria's oil supply contracts restrict government crude allocations as Dangote expands domestic sourcing and prepares for a $1.6bn IPO.
Nigeria offers 40 oil and gas blocks in new licensing round to boost production
Nigeria launches a 40-block oil and gas licensing round as it targets 3mn bpd by 2030, with investors eyeing up to $50bn in offshore opportunities.
Namibia must turn offshore discoveries into lasting economic value, says NIEC founder
Namibia’s offshore discoveries have created a major economic opportunity, but capturing their full benefits will depend on building domestic capacity and ensuring energy investment supports the wider economy.
UAE's Arcius Energy reviews natural gas expansion and development plans in Egypt
Arcius Energy plans to accelerate natural gas exploration, field development, and production in Egypt
Ghana’s dollar-pricing dispute complicates Tullow crude sale to Sentuo refinery
Sentuo Oil Refinery has urged Ghana to price domestic crude in cedis, citing currency losses, as Tullow Oil (LSE: TLW) confirms its first Jubilee cargo sold for local refining.
Mozambique urged to strengthen finances ahead of expected LNG revenue surge
Mozambique must strengthen its financial management systems and diversify its economy ahead of an expected surge in natural gas revenues, after collecting $252.8mn from Rovuma Basin production between 2022 and 2025.
Nigeria says over 50 idle oilfields recovered under drill-or-drop policy
Nigeria’s upstream regulator NUPRC says it has reclaimed more than 50 undeveloped oilfields and returned them to licensing rounds. Non-performing licence holders have until October 31 to report on their progress.
Yinson prices $1.46bn bond issue to refinance offshore oil vessel in Angola
Yinson Production has priced $1.458bn of senior secured bonds at 6.517% to refinance its Agogo FPSO off Angola, chartered to BP-Eni venture Azule Energy. It calls the deal the largest FPSO project bond to date.
Egypt and Cyprus pledge closer coordination on Mediterranean gas projects using Egyptian export infrastructure
Egypt and Cyprus have pledged closer coordination on the Cronos and Aphrodite offshore gas fields, which would use Egyptian plants to process and export Cypriot gas.
Tanzania and Uganda strengthen cooperation on local-content rules for oil and gas sector
Tanzania and Uganda will deepen cooperation on local participation in oil and gas projects as both countries seek to increase opportunities for domestic businesses and professionals in the petroleum sector
Chevron deal strengthens exploration prospects on Namibia’s PEL 90, says AEC
Chevron’s planned acquisition of a 10% stake in Namibia’s PEL 90 licence from Custos Energy subsidiary Trago Energy will strengthen the international partnership behind the Orange Basin block ahead of a planned exploration well.
Angola lifts crude supply to Luanda refinery to 12-month high
Angola increased crude oil deliveries to its Luanda refinery to a 12-month high in August, boosting feedstock to the plant, which has a capacity of 65,000 bpd, after supplies remained well below capacity earlier this year.
Angola approves Afentra’s additional 3.33% stake in offshore Block 3/05, second decree pending
Angola has approved Afentra’s purchase of a further 3.33% of offshore Block 3/05. A second decree for Block 3/05A is still awaited before the deal can be completed.
Namibia says Vitol fuel deal saved up to $43mn as TotalEnergies takes over bulk supply
Namibia’s government estimates that an emergency bulk fuel supply agreement with international trader Vitol avoided between NAD400mn ($24mn) and NAD700mn in additional fuel-import premiums over four months.
Afentra wins Angola approval for Block 3/05 stake increase, second decree pending
Afentra, an oil and gas company focused on mature African assets, said Angola’s petroleum ministry has published the executive decree approving the Block 3/05 part of its acquisition of additional offshore interests from local producer Etu Energias
Liberia’s NOCAL and Nigeria’s LADOL advance Buchanan oil and gas shorebase project
Liberia’s NOCAL and Nigeria’s LADOL have signed a Joint Development Agreement to advance a proposed oil and gas shorebase in Buchanan, Grand Bassa County, as Liberia seeks to retain more offshore-services spending at home.
DRC, Mozambique draw billions for minerals and LNG, despite ranking last in Bloomberg’s Africa risk scorecard
DRC, Zambia, Angola and Mozambique are attracting major mining, transport and LNG investment despite ranking towards the lower end of Bloomberg’s 2026 Africa risk scorecard.
EGAS, Chevron sign $88mn agreement for exploration in Mediterranean Lotus block
EGAS has signed a new concession agreement with US energy major Chevron (NYSE:CVX) to explore for natural gas and crude oil in the offshore Lotus block in the Mediterranean Sea, with a minimum investment commitment of $88mn
South Sudan’s Kiir visits Kenya for talks on $16bn Lamu refinery and December elections
South Sudan is exploring a possible role in Kenya’s planned $16bn Lamu refinery as Juba looks to diversify oil-export options beyond Sudan, though no crude-supply, pipeline or equity agreement has yet been announced.
Cameroon extends Tower Resources’ Thali licence as 42.5% farm-out awaits final approval
Cameroon has extended the initial exploration period for Tower Resources’ (AIM:TRP) offshore Thali licence by one year to October 2, 2027, clearing another step towards completion of a 42.5% farm-out to Prime Global Energies.
Seychelles’ SEYPEC completes tanker sale as fleet renewal advances
Seychelles Petroleum Company (SEYPEC) has completed the sale of its long-haul tanker Seychelles Progress, advancing a fleet renewal programme that includes two new vessels under construction in China.
AEC, Canadian firm GSMS agree to explore LNG and LPG supplies to Africa
The African Energy Chamber has signed a two-year memorandum of understanding with Canadian project developer and commodities broker GSMS to explore LNG and LPG supplies from Canada to African markets, initially targeting West Africa.
Nigeria reiterates $139mn plan to settle gas-producer debts
Nigeria restates its NGN185bn ($139mn) gas-producer debt settlement plan, approved in December 2025, without detailing payments or a timetable.
Eco secures Namibia approval for BP offshore licence farm-down
Eco (Atlantic) Oil & Gas Ltd (AIM: ECO, TSXV: EOG) (Eco) has secured final Namibian government approval to farm down a 60% interest in three offshore exploration licences to BP, clearing the final government approval required for the transaction.
Dangote refinery opens potential 1mn-tonne cement market for Bamburi
Bamburi Cement is pursuing a supply deal for Dangote’s planned East Africa Petroleum Refinery in Lamu. The company estimates it will require about 1mn tonnes of cement and concrete products overall, but no supply agreement has been announced.
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