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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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Equatorial Guinea signs ConocoPhillips HoA for offshore gas blocks, eyes $9bn investment
Equatorial Guinea has signed a preliminary deal with ConocoPhillips to develop offshore gas Blocks B/4 and EG-2 that aims to boost feedstock for the Punta Europa LNG hub and revive output.
South Africa’s energy projects face mounting legal battles over environmental concerns
South African courts have repeatedly sided with environmental groups in disputes over major oil, gas and power projects.
Nigeria’s NNPCL reports $360mn profit in August
The Nigerian National Petroleum Company Ltd (NNPCL) paid NGN8.86 trillion ($5.94bn) into the Federation Account between January and July and reported NGN539bn ($360mn) profit after tax in August
Nigeria’s PENGASSAN halts Dangote refinery supplies amid job cuts dispute
Nigeria’s senior oil workers’ union has ordered an immediate suspension of crude oil and gas deliveries to the $20bn Dangote Petroleum Refinery, escalating a dispute over what it alleges is the unlawful dismissal of more than 800 employees
Italy’s Eni to invest $8bn in Egyptian gas exploration projects over next five years
Italian energy major Eni plans to inject $8bn in investments into Egypt over the next five years to accelerate exploration and field development
Nigeria upstream regulator clears TotalEnergies’ $510mn Bonga stake sale
Nigeria’s NUPRC has cleared TotalEnergies’ $510mn sale of its 200,000-bpd Bonga field stake to Shell and Agip. The deal lifts Shell’s OML 118 holding to 65% while TotalEnergies pursues a $3.5bn global asset sale programme.
Golar LNG expands FLNG operations in Africa, joins AEW 2025 as Gold Partner
Global marine infrastructure operator Golar LNG has become a Gold Partner at the upcoming African Energy Week (AEW): Invest in African Energies conference in Cape Town, South Africa.
Tullow Oil sells Kenyan assets to Gulf Energy affiliate for $120mn
London-listed Tullow Oil plc has completed the sale of its entire working interest in Kenya to Auron Energy E&P, an affiliate of Gulf Energy, securing an initial $40mn payment
Nigerian court strikes out AGIP contractors’ challenge to NNPCL pipeline surveillance award
A Federal High Court in Abuja has struck out a claim filed by the Incorporated Trustees of the AGIP Indigenous Contractors Association and 43 others contesting the NNPCL pipeline surveillance contract
African Energy Chamber to release State of African Energy 2026 Outlook at AEW 2025 in Cape Town
The African Energy Chamber (AEC) has announced the launch of its latest report, written in collaboration with S&P Global Commodity Insights, at the African Energy Week: Invest in African Energies conference in Cape Town.
Nigeria’s Atlas-Oranto secures four Liberia offshore blocks
Nigeria-based Atlas-Oranto Petroleum has signed four production-sharing contracts (PSCs) for offshore blocks LB-15, LB-16, LB-22 and LB-24, marking a significant step in restarting Liberia’s dormant exploration sector.
Nigeria voids approval for TotalEnergies’ $860mn SPDC stake sale to Chappal
Nigeria’s upstream oil and gas regulator has cancelled its approval of TotalEnergies’ proposed $860mn sale of a 10% stake in Shell Petroleum Development Company of Nigeria (SPDC) to Chappal Energies
Libya’s oil output rises to 1.396mn bpd amid exploration push
Libya’s crude oil production rose to 1.396mn barrels per day (bpd) as of September 23, up from 1.386mn in August.
OPEC-Africa roundtable to set direction for continent’s energy future at AEW 2025
OPEC and the African Energy Chamber (AEC) will co-host the OPEC-Africa Roundtable during the African Energy Week (AEW) 2025: Invest in African Energies conference in Cape Town, South Africa.
Nigeria’s RMAFC begins mapping of Niger Delta oil fields to resolve state revenue disputes
Egypt exports rare LNG cargo to Europe, plans $200mn regasification unit
Egypt eyes $4bn in oil exploration investments in FY 2025/26
Egypt’s Ministry of Petroleum and Mineral Resources reportedly aims to attract up to $4bn in investments during FY 2025/26 (which started in July) through the offering of as many as 12 oil and gas concessions.
Nigeria leads effort to unify Africa’s oil regulations
Nigeria is spearheading a new initiative to standardise petroleum regulation across Africa, with 16 countries backing a continent-wide forum aimed at attracting investment and addressing cross-border energy challenges.
Nigeria's Seplat lifts dividend base, targets $1bn payout by 2030 with MPNU acquisition
Seplat Energy has raised its quarterly dividend base to 5 cents per share and set a five-year target to return about $1bn to investors
World's leading producers continue output plans above Paris deal compatibility
Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.
Civilians beheaded in renewed insurgent attack near Mozambique’s gas hub
Insurgents believed to be linked with the Islamic State struck a northern Mozambique port town on September 22, killing and beheading civilians in an assault that highlighted gas-producing region Cabo Delgado’s persistent security crisis.
Sub-Saharan Africa’s attract $70bn in FDI pledges from 2002-2025, led by Mauritania hydrogen project, McKinsey says
Egyptian petroleum ministry plans debt restructuring for industrial sector
Egypt’s Ministry of Petroleum and Mineral Resources is currently preparing a comprehensive plan to restructure debts owed by the industrial sector. The proposed initiative would allow companies to settle roughly 50% of their overdue principal.
Nigeria’s crude output rises 5.5% y/y in August as OPEC compliance reaches 96%
Nigeria’s crude oil production rose 5.5% year on year in August to 1.43mn bpd, according to upstream regulator NUPRC, which put output at 96% of the country’s current 1.5mn bpd OPEC quota.
Kenyon announces focus on Nigeria’s brownfield oil revival
Nigerian oilfield services company Kenyon, which specialises in brownfield optimisation, marked its 10th anniversary in Lagos with a pledge to expand its role in bringing idle or mature wells back into production.
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