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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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Can Senegal’s transparency drive amid an oil & gas boom end the 'resource curse'?
Senegal is tying its energy-led growth story to a wider investment drive, opening Fii 2025 under President Faye’s patronage. With Sangomar first oil flowing and gas exports due from GTA, the government is poised to unveil its petroleum code.
US political momentum and African reforms open new chapter for energy investment
The current political momentum in the US and comprehensive regulatory reforms across Africa’s energy sector are aligning to open a new chapter in transatlantic investment.
Angola’s Etu Energias secures financing for offshore Block 17/06 development
Etu has secured structured financing from Mauritius Commercial Bank and TotalEnergies Trading SA to fund its 7.5% stake in Block 17/06. The deal advances Etu’s plan to lift output to 80,000 bpd by 2030.
Nigeria’s rig count surges 762% in four years, NUPRC says in performance report
Nigeria’s upstream regulator says the country’s rig count has risen to 69, marking a major recovery in oil and gas drilling activity – and positioning it ahead of Angola and Algeria for the first time since 2015.
Nigeria’s International Energy Insurance posts 1H25 profit despite revenue drop
While one of Nigeria’s smaller listed general insurers, International Energy Insurance Plc (IEI) has a recognised foothold in the energy sector, specialising in oil, gas, and marine risk coverage.
Senegal to review oil, gas codes ahead of MSGBC 2025 in Dakar, says minister
Senegal will overhaul its oil and gas codes as part of President Faye’s transparency agenda, as the country enters its production phase following first oil from the Sangomar field and the upcoming start of BP’s Greater Tortue Ahmeyim gas project.
Angola eyes 60 oil and gas concessions by year-end, ANPG says
Angola plans to award up to 10 more oil and gas concessions in 2025, the National Oil, Gas & Biofuels Agency said. The licensing drive, backed by fiscal reforms and $70bn in projected upstream spending, aims to reverse years of declining output.
Renaissance seeks partners to expand Nigeria operations after $1.3bn Shell asset takeover
Renaissance Africa Energy, a Nigerian-led consortium, is seeking partners to expand its upstream operations, with a goal to more than double oil and gas output by 2030.
Italian energy major Eni resumes offshore drilling in Libya after five-year hiatus
Italian energy major Eni has resumed offshore drilling operations in Libya’s northwest region, marking the company's return after a five-year pause.
QatarEnergy acquires 27% stake in Egypt’s North Cleopatra offshore area
QatarEnergy has signed an agreement with international oil supermajor Shell to acquire a 27% participating interest in the North Cleopatra offshore area, located in Egypt’s territorial waters of the Mediterranean Sea.
New company launched for Nigeria–Morocco gas pipeline
The Nigeria–Morocco Gas Pipeline has neared the execution phase with the establishment of a dedicated project company to oversee financing and delivery of the $25bn line spanning nearly 6,000 km across West Africa
Egypt and UAE’s Emirate of Fujairah sign three key oil and gas agreements
Egypt and the UAE’s Emirate of Fujairah have signed three main agreements to boost cooperation in the oil and gas sector
AAAS Energy, ChillMine Corp agree to build Botswana data centre campus
A Netherlands-based energy developer, AAAS Energy (AAAS), and an American data centre provider, ChillMine Corp. (ChillMine), have signed a memorandum of understanding (MoU) to jointly develop a new data centre campus in Botswana.
Tanzania pushes for $42bn LNG deal with Shell, Equinor by end-2025 after decades of delays
Tanzania is pressing ahead with plans to conclude a $42bn LNG deal by end-2025, targeting output of up to 10mn tonnes annually, drawing on offshore reserves operated by Shell (UK, Blocks 1 & 4) and Equinor (Norway, Block 2).
Kenya’s National Assembly clears sale of 65% stake in pipeline company KPC
Kenyan lawmakers have approved the government’s plan to sell a controlling stake in the Kenya Pipeline Company (KPC), adopting a sessional paper and clearing the final parliamentary hurdle for the sale,
Botala Energy posts wider loss, sets 2027/28 target for first gas in Botswana
Botala Energy reported a wider annual loss as it develops the Serowe coal bed methane project in Botswana. The company secured a mining licence, raised fresh capital, and signed an LNG offtake deal, targeting first gas supply by 2027/28.
Italy’s energy major Eni announces FID for Mozambique’s Coral North FLNG project
Italian energy major Eni and its partners have reached the Final Investment Decision (FID) to develop the Coral North (Coral Norte) floating liquefied natural gas (FLNG) project, in a deepwater area offshore Cabo Delgado in northern Mozambique.
Strike at Dangote cuts Nigeria’s oil output by 16% amid energy strain
A nationwide strike by Nigeria’s senior oil union over mass layoffs at Dangote Refinery reduced oil output by 16%
Tlou Energy posts $4.8mn loss, nears first revenues as Lesedi power project in Botswana advances
Tlou Energy reported a $4.8mn loss in its 2025 annual report but highlighted major progress at its Lesedi project in Botswana, including near-complete transmission and substation works.
Ethiopia contracts China’s GCL to build $2.5bn refinery in Somali region
Sovereign wealth fund Ethiopian Investment Holdings (EIH) will co-develop the $2.5bn oil refinery with China’s Golden Concord Group (GCL)
Rhino Resources announces gas condensate discovery at Volans-1X well in Namibia’s Orange Basin
Independent oil and gas exploration and production (E&P) company Rhino Resources has announced a significant gas condensate discovery at the Volans-1X well on Block 2914A in Namibia’s Orange Basin.
LNG-fuelled 7,800-TEU containership berths at Nigeria’s Apapa in milestone for cleaner trade
Gold Star Line’s 7,800-TEU LNG-powered vessel MV Sapphire has berthed at APM Terminals Apapa, marking the largest gas-fuelled containership to call in Nigeria and signalling Lagos Port’s move toward lower-emission operations
Nigeria's PENGASSAN suspends strike after Dangote talks, but warns of renewed action
PENGASSAN has suspended a nationwide strike after government-led negotiations with Dangote Petroleum Refinery, while warning it could resume industrial action without notice if commitments are not honoured
Somalia to launch first oil drilling campaign within months, after decades of sporadic exploration, says president
Somalia’s President Hassan Sheikh Mohamud has announced the country’s first-ever oil drilling campaign will begin within months.
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