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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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Nigeria’s NNPCL steps up JV drive after $1.31bn oil revenue shortfall
Nigeria’s state oil firm is expanding collaboration with joint venture (JV) partners after under-production cost the country an estimated $1.31bn in lost crude export revenue over the past year.
Zimbabwe-focused gas explorer Invictus Energy's ASX market cap sheds $235mn after $500mn deal collapse
Invictus Energy’s (ASX: IVZ, OTCQB: IVCTF, VFEX: INV) market value has declined $235mn since peaking in September 2025 after it announced a $500mn partnership with a Qatari investment group to develop a gas project in Zimbabwe.
UAE Mubadala Energy acquires 15% stake in Egypt’s Nargis offshore concession
UAE’s Mubadala Energy has completed the acquisition of a 15% stake from Italian energy major Eni (BIT: ENI) in the Nargis offshore concession, an exploration area located off Egypt’s Mediterranean coast
Turkey hits out at energy field activities of Greece and Chevron, says Libya entitled to object too
Turkey on February 19 objected to energy field activities being conducted by Greece and US major Chevron (CVX.N).
Nigeria’s NNPCL to boost gas supply by 1.8 bcfd in 2026 under master plan
NNPCL plans to raise Nigeria’s gas supply by 1.8 bcfd in 2026 under its Gas Master Plan, targeting up to 12 bcfd by 2030 and driving investment to meet growing demand across LNG, power and industry.
Nigeria and IEA sign pact to cut methane emissions, expand clean cooking access
Nigeria has signed a Memorandum of Understanding with the International Energy Agency (IEA) to reduce methane emissions, expand gas infrastructure and support clean cooking access for five million households by 2030
Nigerian energy company Oando seeks to list 4.4bn shares in $163.99mn rights issue
Nigerian energy company Oando Plc (NGX: OANDO) has applied to the Nigerian Exchange to list 4.4bn ordinary shares under a NGN220.79bn ($163.99mn) rights issue aimed at strengthening its balance sheet following a weaker 2025 performance.
Tanzania PM warns foreign firms against exploiting EACOP opportunities as pipeline nears operational stage
Tanzania’s Prime Minister Dr Mwigulu Nchemba has warned that foreigners registering companies under local names to exploit opportunities from the East African Crude Oil Pipeline (EACOP) will face strict action
Eni announces significant hydrocarbon discovery offshore Côte d'Ivoire
Italian integrated energy company Eni on February 16 announced a significant gas and condensate discovery in Côte d'Ivoire.
Nigeria court appoints administrator over $25.5mn oil JV debt dispute
A Nigerian court has placed Green Energy International and Lekoil under interim administration over an alleged $25.5mn debt, a move that could disrupt operations at the Otakikpo field.
Mauritania to expand power capacity through gas, renewables and grid upgrades
Mauritania is targeting new thermal, gas-to-power, solar and wind projects to satisfy rising urban power demand.
Tunisia’s power output increases 6% y/y in 2025
Dangote signs $400mn XCMG deal to expand Nigeria oil refinery
Dangote Group has signed a $400mn equipment deal with XCMG to support expansion of its Nigeria refinery to 1.4mnbpd, alongside major increases in petrochemical and fertiliser output, reinforcing its industrial growth strategy.
Turkey sends oil drillship to Somalia in first overseas mission
Turkey has launched its first overseas drilling mission in Somalia, signalling an accelerated push into global upstream energy markets through international partnerships and expanded offshore exploration.
Nigeria’s IPMAN seeks $10bn credit to build 300,000bpd refinery
Independent petrol marketers in Nigeria are seeking a $10bn credit facility to build a 300,000 barrels per day (bpd) refinery in Akwa Ibom State
Kenya’s Gulf Energy seeks December 2026 crude oil start for South Lokichar project
Kenya's Gulf Energy E&P BV has set December 1, 2026 as the target date to begin crude oil production from the South Lokichar field, as it seeks parliamentary ratification of its Field Development Plan.
Egypt seeks IFC backing for $4bn refinery and mining expansion drive
Egypt’s Ministry of Petroleum and Mineral Resources is currently implementing a plan to modernise existing refineries through six projects with total investments exceeding $4bn
Algeria and Niger launch Trans-Saharan Gas Pipeline project
Algerian President Abdelmadjid Tebboune announced on February 16 the formal launch of the Trans-Saharan Gas Pipeline project across Niger
Vitol backs $3bn LNG power project at South Africa’s Durban port
Vitol is backing a consortium planning to develop a $3bn gas-fired power plant and liquefied natural gas (LNG) import facility at the Port of Durban in South Africa, targeting a capacity of between 1,000MW and 1,800MW.
BP subsidiary Azule Energy discovers oil in deep-sea Angola
Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has said that local firm Azule Energy (Azule) has discovered oil in an offshore acreage in the southwestern African nation.
BB Energy loads first crude oil cargo from South Sudan following legal dispute
South Sudan has delivered a 600,000-barrel crude cargo to BB Energy, marking the first repayment under a disputed $100mn prepayment deal, as both sides move to formalise a broader settlement framework following months of missed deliveries.
Egypt to launch $3.75bn tender for 75 additional LNG shipments
Egypt is preparing to launch a major international tender in March 2026 to import 75 additional shipments of Liquefied Natural Gas (LNG).
Kenya moves to launch crude oil exports from South Lokichar basin
Kenya plans to begin crude oil exports from its South Lokichar basin by the end of 2026, with authorities implementing transport and regulatory systems to support the operation
Tulip compressors boost Presidential CNG drive in Nigeria
Chanrai Nigeria Limited has unveiled new Tulip compressor packages in Lagos to strengthen gas distribution under the Presidential CNG Initiative,
Turkish Petroleum and BP look at potential joint projects in Iraq, Libya
National oil company Turkish Petroleum (TPAO) and British energy major BP have signed a memorandum of understanding on enhancing cooperation in oil and natural gas, including via a potential collaboration in Iraq.
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