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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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Ghana watchdog PIAC warns of breaches in petroleum savings cap amid falling oil revenues
Ghana’s petroleum oversight body PIAC has raised concern over the government’s continued breach of legal limits on the nation’s oil savings fund, warning that the practice could undermine its ability to cushion the economy against shocks.
Cameroon promotes offshore licensing round, offers nine high-potential blocks
Cameroon shared details of its latest licensing round during this year’s African Energy Week: Invest in African Energies conference, organised by the African Energy Chamber.
SNEPCo, NNPCL advance HI gas project offshore Nigeria
Valaris wins bp drilling contract for Egyptian offshore campaign
Valaris Limited (NYSE:VAL) has secured a five-well offshore drilling contract with bp Exploration Delta Limited for its drillship VALARIS DS-12 in Egyptian waters.
Algeria’s Sonatrach signs $5.4bn oil exploration deal with Saudi Madad Energy
Algeria’s Sonatrach has signed a $5.4bn, 30-year oil and gas development deal with Saudi Arabia’s Madad Energy for the Illizi region, which will fully finance the project.
Tanzania’s Eyasi-Wembere basin survey indicates commercial oil potential
Tanzania’s Ministry of Energy and TPDC have reported new survey data showing geological formations capable of storing hydrocarbons in the Eyasi-Wembere basin, part of the East African Rift Valley.
Libya’s NOC launches gas compression project at main offshore field
Libya’s National Oil Corporation (NOC) has officially launched the implementation phase of a gas compression project at the offshore Bahr Essalam field
US oil firm Apache plans to boost oil production in Egypt
US-based energy company Apache is preparing to ramp up its oil production efforts in Egypt, capitalising on promising opportunities for discoveries
Algeria, Syria and UAE discuss expanding energy cooperation
The Syrian administration is currently discussing ways to boost energy cooperation with the United Arab Emirates and Algeria
Nigeria’s crude supply dispute widens as refiners reject 11mn-barrel offer — NUPRC
Nigeria’s crude supply tensions have intensified after refiners rejected 11mn barrels of domestic crude offered under the Domestic Crude Supply Obligation (DCSO), according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Ghana’s oil revenue plunges 56% as falling prices hit exports
Ghana’s petroleum receipts dropped 56% year-on-year in the first half of 2025, reflecting weaker crude output and lower global prices, according to the Public Interest and Accountability Committee (PIAC).
Nigeria lawmakers probe $18bn refinery rehabilitation spending as plants stay idle
Nigeria’s House of Representatives has ordered a multi-committee inquiry into roughly $18bn spent on rehabilitating the Port Harcourt, Warri and Kaduna refineries, which remain largely non-functional
Natural gas will play “minor but significant” role in Africa’s energy transition, says report
A report published by the Atlantic Council suggests ways to accelerate the pace of electrification by utilising the continent’s natural gas resources.
Uganda's $4bn Hoima refinery launch now expected in 2029–30
Uganda’s $4bn Hoima refinery is now expected to begin operations in late 2029 or 2030, according to the general manager of the Uganda Refinery Holding Co. Michael Nkambo Mugerwa.
Algeria to offer ten oil exploration blocks to international firms in Q2 2026
The Algerian government has identified 25 geographical blocks for hydrocarbon exploration projects
Egypt delays intake of ten LNG cargoes amid lower power demand
The Egyptian government has postponed the intake of 10 liquefied natural gas (LNG) cargoes that were scheduled for Q3 2025, out of 62 shipments contracted earlier this year, as domestic gas consumption in power plants declined
Fighting in Mozambique’s gas-rich Cabo Delgado region forces 22,000 to flee amid health collapse, UN warns
The region, home to multibillion-dollar liquefied natural gas (LNG) projects, has repeatedly been targeted by militants believed to be linked with the Islamic State.
Ghana Oil Co. to invest $50mn in LPG storage expansion to meet domestic demand
GOIL PLC plans to commission an additional 12,000 metric tons of LPG storage capacity in 2026 under a $50mn investment. The expansion aims to strengthen Ghana’s energy security and address supply gaps.
Egypt’s fuel subsidies hit $671.7mn in Q1 FY2025/26
Egypt’s petroleum subsidies bill exceeded EGP 32bn ($671.7mn) during Q1 of the current FY 2025/26. Diesel accounted for the largest share of the subsidies between July and September 2025
Seismic innovation, faster permitting crucial in Africa’s oil and gas exploration revival, energy majors say
Exploration for oil and gas in Africa is gathering momentum owing to advances in seismic imaging, improved frontier datasets and shorter permitting timelines, energy majors have said.
Nigeria's Sahara Group acquires 7 more rigs, aims to lift oil output to 350,000 bpd within five years
Sahara Group plans to increase its oil and gas production to 350,000 barrels per day within five years after acquiring seven new drilling and workover rigs
Algeria plans to invest $60bn in energy projects until 2029
The Algerian government announced plans to invest $60bn in energy projects between 2025 and 2029 as part of a wide-ranging strategy to strengthen the country’s oil, gas, and hydrogen industries.
International technology firms urge wider AI adoption across African energy sector
African energy companies risk being left behind if they do not urgently facilitate wider Artificial Intelligence (AI) adoption.
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