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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.
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Nigeria’s NNPCL records $5.6bn in intra-group refinery balances
The Nigerian National Petroleum Company Limited (NNPCL) has recorded about $5.6bn in related-party balances with its refinery subsidiaries, according to an analysis of its December 2024 financial statements.
TotalEnergies sells 40% of Nigerian offshore licences to Chevron, keeps operator role
TotalEnergies will transfer a 40% stake in two Nigerian offshore exploration licences in the West Delta basin (PPL 2000 and PPL 2001) to Chevron while retaining operatorship.
Egypt to retire Aqaba-based floating unit as gas imports from Israel stabilise
Egypt has decided to discontinue the use of the Energeous Force floating storage and regasification unit (FSRU), currently stationed at Jordan’s Aqaba port, by the end of December 2025
Kenya grants tax breaks to Gulf Energy for $6.1bn South Lokichar oil project
Kenya has approved tax exemptions and higher cost-recovery limits for Gulf Energy Ltd., the Nairobi-based energy trading firm that acquired Tullow Oil Plc’s exploration blocks in the South Lokichar basin
Stena Drilling presses Ghana over debts as state moves on oil asset
Swedish offshore contractor Stena Drilling has written to Ghana’s energy minister seeking protection for debts owed by embattled local operator Springfield E&P as the government moves to acquire a key offshore oil block.
Egypt secures petroleum product supply amid economic challenges, says central bank governor
The Governor of the Central Bank of Egypt, Hassan Abdallah, said that the necessary foreign currency has been provided to secure the supply of petroleum products over the next period despite economic challenges.
Libya’s NOC reviews Polish firm PUNA’s exploration plans for 2025–26 in Murzuq Basin
Libya’s NOC held a technical meeting on November 27 with PGNiG Upstream North Africa B.V. to review the Polish firm’s exploration activities for 2025 and its planned programmes for 2026 in the Murzuq Basin.
Libya’s NOC adds 1,100bpd from new Amal Field production well
Libya’s state-owned National Oil Corporation (NOC) said it has brought a new production well online at the Amal Field, adding 1,100 bpd of output as part of efforts to stabilise and expand crude supply across key onshore assets.
TGS expands Comoros offshore data portfolio with new licensing agreement
TGS has expanded its multi-client seismic portfolio in East Africa after securing rights to market and license geophysical data from the Comoros’ offshore basins, strengthening its coverage of frontier acreage adjacent to Mozambique’s Rovuma.
Crude shortages cut Nigeria’s refinery utilisation to 62% despite $20bn in private investment
Nigeria’s refining sector is operating at only 61.6% of its 1.125mn barrels per day (bpd) capacity due to persistent crude supply constraints
Egyptian oil services firm Petrojet plans to build manufacturing complex in Algeria
Egypt’s oil services firm Petrojet and Algeria’s state-owned energy major Sonatrach are studying the establishment of a joint manufacturing complex in Algeria to produce equipment for oil and gas field operations
Ghana pushes $60bn West Africa energy hub with mega refineries and petrochemicals
Ghana is pressing ahead with plans to build a massive Petroleum and Petrochemical Hub aimed at transforming the country into a regional energy powerhouse, an official has said.
South Africa’s industrial gas users launch GasHub to address looming supply gap
Twenty-two major industrial gas users from South Africa’s mining, glass, metals, chemicals and food manufacturing sectors have formally launched GasHub, a gas demand aggregator.
Nigeria’s crude output rises to 1.40mbpd in October but stays below OPEC+ quota
Nigeria’s crude oil production inched up to 1.40mbpd in October, according to the NUPRC, but remained below its 1.5mbpd OPEC+ quota for the third straight month.
Angola opens $4bn Soyo gas plant with 400mmcfd capacity under NCG consortium
Angola has opened a $4bn gas processing plant in Soyo with a capacity of around 400mmcfd built by the Novo Consórcio de Gás, which includes Azule Energy, Chevron and TotalEnergies.
Petralon Energy boosts output at Dawes Island as Nigeria enforces “Drill or Drop” rules
Petralon Energy has restarted the DI-2 well and spudded DI-3 at Nigeria’s Dawes Island field in PPL259, activity the government says aligns with the Petroleum Industry Act’s “Drill or Drop” requirement.
Nigeria: NNPCL-Heirs Energies JV doubles gas production at OML17
Nigerian indigenous integrated energy company Heirs Energies has made a significant breakthrough with the innovative, rigless recompletion of a key non-associated gas well in OML 17.
Algeria and India explore deeper energy and mining ties
Algeria’s Minister of State for Hydrocarbons and Mines, Mohamed Arkab, met India’s Ambassador to Algeria, Swati Vijay Kulkarni, on November 26 to discuss avenues for expanding bilateral cooperation, particularly in hydrocarbons and mining
IEA backs Nigeria’s upstream reforms, urges deeper energy ties
Nigeria prepares for 2025 licensing round to boost upstream investment
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is gearing up for the launch of its 2025 oil and gas licensing round on December 1.
Nigeria's NNPCL announces record profits
The Nigerian National Petroleum Co. Ltd. (NNPCL) announced on November 24 that it had recorded net profits of 5.4 trillion naira ($3.6bn) in 2024, according to a Reuters report.
Egypt secures $8bn investment pledge from Eni amid push to clear arrears
Italian energy major Eni (BIT:ENI) announced plans to inject an additional $8bn in investments into Egypt over the next five years, focusing on developing existing fields and expanding exploration activities
Nigeria’s NNPCL sets June 2026 deadline for private refinery partnerships
The Nigerian National Petroleum Company Limited (NNPCL) has set June 2026 as the deadline to finalise partnerships with private refinery operators
Kenya to truck Turkana crude as Gulf Energy prepares 2026 output
Kenya will move crude oil from the Turkana fields to the port of Mombasa by road in the first phase of production, the Energy and Petroleum Cabinet Secretary said on November 24
Eni and Shell boost stakes in Nigerian deepwater OML118 as TotalEnergies exits
Eni has increased its stake in Nigeria’s deepwater OML 118 to 15% after acquiring an additional 2.5% from TotalEnergies, while Shell has raised its own holding to 65% following a parallel transaction.
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