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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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Tanzania clears construction phase for $4bn East African Crude Oil Pipeline
Tanzania’s Ministry of Energy has formally endorsed the next phase of the $4bn East African Crude Oil Pipeline (EACOP), clearing the way for heavy machinery to begin trenching along the 1,443-kilometre route linking Uganda and Tanzania
Panoro Energy targets 20,000 bpd after offshore Equatorial Guinea acquisition expansion
Panoro Energy ASA (OSE:PEN) is on track to increase net production to 20,000 bpd during 2027 following its acquisition of an additional stake in Block G offshore Equatorial Guinea. It also expanded reserves and advanced new offshore Gabon drilling.
BW Energy targets 100,000 boepd after Gabon and Brazil investments
BW Energy Limited has approved offshore development projects in Gabon and Brazil containing a combined 68mn barrels of oil equivalent in 2P reserves, targeting production above 100,000 boepd by 2028.
Congo pushes stronger local content and LNG expansion in energy sector talks with AEC
High-level talks between Congo’s minister of hydrocarbons and the African Energy Chamber focused on strengthening local content and advancing gas sector expansion to position the country as a regional gas hub.
Egypt reduces foreign oil companies’ dues to $440mn, says petroleum minister
Egypt has reduced outstanding payments owed to foreign oil companies from $6.1bn at the end of June 2024 to $440mn currently, according to a statement from the Ministry of Petroleum and Mineral Resources
Bangladesh, Angola open talks on energy partnership
Bangladesh and Angola have participated in their first high-level bilateral dialogue on energy cooperation, in the process marking an initial step towards a longer-term partnership.
Kenya transport sector strike suspended after fuel price talks with government energy regulators
Korea’s Daewoo E&C expands LNG footprint in Africa
Daewoo Engineering & Construction is expanding its role in Africa’s liquefied natural gas sector through major projects in Nigeria and Mozambique, strengthening its position as South Korea’s leading LNG infrastructure contractor
Egypt plans to establish Alexandria-El Hamra refined products pipeline
Egypt’s Ministry of Petroleum is preparing to complete a new pipeline for transporting refined petroleum products from Alexandria to El Hamra Petroleum Port on the Mediterranean coast during H2 2026
Egypt to launch international oil exploration tender in Q3 2026
Egypt’s Ministry of Petroleum is preparing to launch a new international tender for oil exploration covering at least 15 sites in Q3 2026.
Rwanda confirms continued military deployment in Mozambique’s Cabo Delgado
Kigali will maintain military operations in Cabo Delgado province under an arrangement with Maputo, underscoring Rwanda’s continuing role in stabilising the insurgency-hit region that hosts some of Africa’s largest LNG projects.
Nigeria urged to find new crude buyers amid UAE exit from OPEC
PETAN chairman Wole Ogunsanya has urged NNPCL and Nigerian oil producers to secure new crude buyers and diversify export markets, warning that the UAE’s departure from OPEC could destabilise global oil market management
Capricorn, Cheiron sign $208mn deal to expand gas exploration in Egypt’s Western Desert
Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Capricorn Energy (LSE: CNE) and Cheiron to expand oil and gas exploration and production activities in the Badr El-Din area of the Western Desert
South Africa faces looming gas cliff and requires urgent policy reforms, says IGUA-SA
The Industrial Gas Users Association-Southern Africa warned South Africa faces a major “gas cliff” by 2030 as supplies from Mozambique decline and Sasol Ltd (JSE:SOL) phases out temporary methane-rich gas supply.
Italy's Eni plans to build a third floating natural gas project in Mozambique
Italian oil giant Eni (BIT: ENI, NYSE: E) is considering developing its third floating liquefied natural gas (FLNG) project in Mozambique’s Rovuma Basin.
Senegal weighs arbitration against BP and Woodside over energy contracts
Senegal is considering international arbitration in disputes with BP and Woodside Energy as President Bassirou Diomaye Faye’s administration intensifies scrutiny of oil and gas agreements it says may shortchange the state
Uganda and East Africa energy sector advance Dangote-led regional refinery talks
Uganda’s planned refinery remains commercially viable and will proceed alongside discussions on a larger regional oil processing project involving private and state actors across East Africa
Ludoil Energy’s ISAB refinery deal strengthens Africa-Europe energy links
Italy-based private energy company Ludoil Energy has agreed to acquire a controlling stake in ISAB, owner of the Priolo Gargallo refinery in Sicily, Italy’s largest refinery and a key fuel supply hub in the Mediterranean.
Dangote refinery sues to halt Nigeria petrol imports amid market battle
Dangote Petroleum Refinery has reopened its battle with fuel importers after filing a lawsuit seeking to halt petrol imports into Nigeria, arguing that continued import licences violate the Petroleum Industry Act and undermine domestic refining.
Shell to submit final Libya oil and gas exploration study by end-May
Libya’s National Oil Corporation (NOC has announced progress in discussions with the British energy major Shell (LSE:SHEL) for future exploration and production projects in Libya
LOTUS Bank backs Nigeria CNG, EV expansion drive with financing partnership
LOTUS Bank partners with Nigeria’s Presidential Initiative on CNG & EV to finance compressed natural gas and EV infrastructure as Abuja accelerates efforts to reduce fuel costs, expand cleaner transport alternatives.
Oil giant BP aims to invest $5bn in Angola to increase output
Oil super major British Petroleum (NYSE: BP, LON: BP) (BP) has told Angola’s government that it plans to invest around $5bn to increase oil production in the southwestern African country.
BP considers partial sale of Egypt gas assets amid global restructuring
British energy major BP (LSE:BP) is considering the sale of part of its natural gas assets in Egypt as part of a broader restructuring strategy aimed at reducing debt and focusing on higher-return projects
Historic 2024-2025 drought slashed Mozambique's Q1 2026 energy sector contribution to fiscus by 75%
Mozambique’s oil and energy projects contributed MZN10.9bn (about $171mn) to the fiscus in Q1 2026, a 21.2% drop compared to the relative period in 2025.
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