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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’s Senate adopts interim report alleging $200bn worth of crude oil revenue discrepancies
Nigeria: Dangote lawsuit dismissed by court
Nigeria’s Federal High Court has dismissed a suit filed by 650,000 barrels per day (bpd) Dangote refinery in November 2024.
Nigeria’s Nestoil seeks court order to stop lenders from enforcing receivership actions
Nestoil Limited has asked the Federal High Court in Abuja to restrain eight Nigerian banks and the African Export–Import Bank (Afreximbank) from enforcing receivership actions initiated after a default notice issued in May
Nigeria's NNPCL targets 2mn bpd output, $30bn–$60bn co-investment to accelerate upstream recovery
The NNPCL said crude oil production has reached about 1.7mn barrels per day (bpd). It targets 2mn bpd by 2027 and is seeking between $30bn and $60bn in partnerships by 2030 to accelerate oil, gas, and infrastructure projects.
Halliburton wins integrated drilling contract for HI gas field supplying Nigeria LNG Train7
Halliburton (NYSE:HAL) secured an integrated drilling and completion services contract for the HI gas field in OML144, a project led under the SPDC JV framework to provide feed gas for Nigeria LNG’s Train7 expansion.
Capricorn Energy receives $50mn in overdue payments under Egypt concession deal
Scotland-based oil and gas producer, Capricorn Energy, announced the receipt of $50mn in overdue payments under its concession agreement in Egypt
Ghana moves to revive ailing oil industry amid sharp production decline
Ghana’s government has announced a sweeping plan to revitalise the country's flagging oil exploration and production sector, warning its decline is choking local economies and deterring investors.
Panoro Energy signals stable production outlook, Dussafu offshore Gabon remains core growth driver
Panoro Energy ASA (OSE:PEN) reported stable operating performance ahead of its Q3 2025 results, with the Dussafu Marin block in Gabon continuing to anchor growth plans.
Namibia-focused Sintana Energy outlines diversification aims, Uruguay exposure in Challenger deal
Sintana Energy (TSX-V:SEI) has outlined the strategic rationale behind its proposed all-share acquisition of Challenger Energy (AIM:CEG), highlighting plans to diversify beyond Namibia and gain exposure to Uruguay’s emerging offshore sector.
West Africa-focused Savannah Energy reports 9% y/y revenue growth in 9M, strengthens balance sheet
Egypt launches international bid round for gas exploration in Red Sea
Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four blocks in the Red Sea
ExxonMobil to explore new gas area west of Egyptian Zohr field
US oil and gas supermajor ExxonMobil has signed a letter of intent with the Egyptian Natural Gas Holding Company (EGAS) to explore a new offshore gas area west of the Zohr field, near Egypt’s maritime border with Cyprus
Nigeria's Seplat Energy reports 185% rise in production for first nine months of 2025
Seplat Energy reported a 185% year-on-year increase in production for the first nine months of 2025, reaching an average of 135,636 barrels of oil equivalent per day (boepd), with unaudited revenue of NGN3.356 trillion ($2.33bn)
Ghana saves $411.5mn after axing SML contracts, special prosecutor says
Ghana has saved more than $411.5mn by cancelling the upstream and mineral-sector components of the Strategic Mobilisation Ghana Limited (SML) revenue assurance agreement, according to the Office of the Special Prosecutor (OSP).
TAG Oil agrees with Egypt’s Badr to extend BED-1 evaluation period, commits to drilling two more wells
British multinational Shell signs exclusive $1bn deal to explore for oil offshore Angola
British multinational oil and gas company Shell and Angola’s National Agency for Oil, Gas and Biofuels (ANPG) have signed an exclusive agreement to explore new oil blocks offshore Angola.
Egypt to resume natural gas supplies to Lebanon by end-2025
Egypt is finalising arrangements to export 650mn cubic meters of natural gas annually to Lebanon through the Arab Gas Pipeline by the end of 2025
Africa-focused Meren Energy begins trading on OTCQX to expand access to U.S. investors
Meren Energy, an independent upstream company with producing deepwater assets offshore Nigeria and a strategic position in the Orange Basin across Namibia and South Africa, has begun trading on the OTCQX Best Market while retaining primary listings.
Nigeria’s Conoil sees profit fall 85.5% y/y in Q3 as finance costs surge
Conoil Plc (NGX: CONOIL) reported an 85.5% year-on-year decline in third-quarter pre-tax profit to NGN728mn ($0.51mn), as revenue fell and finance costs increased sharply.
Navigating headwinds, OPEC+ pivots to price defence for Q1 2026
In a significant strategic pivot, the OPEC+ consortium is prioritising market stability and price defence over its recent campaign to recapture market share
Austria’s energy company OMV discovers oil in Sirte basin
Libya’s National Oil Corporation (NOC) has announced a new oil discovery in the Sirte basin, achieved through exploration operations by Austria’s OMV company
Sudan halts South Sudan oil transit following drone attacks on key facilities
Sudan’s Ministry of Energy and Petroleum announced on October 31 the immediate suspension of South Sudan’s oil transit through Sudanese territory and the closure of oil facilities in the Heglig region
BP expands gas output in Egypt’s West Nile Delta with new well start-up
British energy major BP (LSE, NYSE:BP) has started up the RW5 gas well in Egypt’s West Nile Delta (WND) project, adding around 80mn cubic feet per day of additional supply.
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