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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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IEA report highlights challenges and opportunities for energy investments in Africa
Africa is encountering fresh challenges and opportunities as the nature and origin of investment flows into the continent continue to change.
BLOG: Is the high risk of Mozambique LNG worth the potential for high reward?
Major LNG projects are typically characterised by obstacles, challenges and delays, and even once the project does get the green light, more likely than not it will still suffer a few setbacks.
Ghana’s fuel levy draws international attention amid mounting energy debt crisis
Ghana’s former energy minister has defended the government’s new GHS1 ($0.10) fuel levy, describing it as a necessary intervention to tackle the country’s worsening energy sector debt and systemic under-recovery in electricity costs.
SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng to GEPetrol
SBM Offshore is exiting Equatorial Guinea after signing an agreement to sell its entire stake in the FPSO Aseng vessel to the state-owned oil company GEPetrol.
Uganda begins construction of Hoima Inland Terminal
Threeways Shipping Services Ltd. (TSS) – a subsidiary of logistics company Bro-Group – has begun construction of a new inland terminal, marking a significant investment in Ugandan oil and gas infrastructure.
Mozambican civil society group Justica Ambiental sues South Korean banks over $1.9bn funding for a proposed gas project in African nation
The Mozambican civil society group Justica Ambiental and three South Korean individuals have filed a lawsuit seeking to block funding for a $7.2bn gas project in the southern African nation.
Ghana strikes $2bn oil deal with global energy firms to extend Jubilee, TEN production to 2040
Ghana has reached an agreement with international oil companies to extend licences for its flagship offshore oil fields to 2040, unlocking up to $2bn in fresh investments aimed at boosting energy output and long-term economic growth.
Russia ratifies pipeline agreement with Republic of the Congo to expand energy ties
The Federation Council of Russia has ratified an agreement with the Republic of the Congo to construct a petroleum products pipeline.
Nigeria’s Oando reports $139mn profit in 2024, up 267%
Nigeria’s Oando reported a profit-after-tax of NGN220bn ($139mn) for the full year 2024, representing a 267% increase compared to the previous year, according to its published audited results.
$5bn Uganda–Tanzania crude oil pipeline (EACOP) project now 60% finished
The $5bn East African Crude Oil Pipeline (EACOP), a controversial flagship infrastructure project stretching 1,443 kilometres from Hoima, Uganda to Tanga port in Tanzania, is 60% completed.
IGU on LNG risks and opportunities
Nigeria’s CNG drive attracts $500mn investment, creates over 10,000 jobs
Nigeria’s compressed natural gas (CNG) sector has attracted over $500mn in investment and created over 10,000 direct jobs in under a year. The growth in jobs comes as the government intensifies efforts to promote alternative energy transportation.
Woodside Energy initiates arbitration proceedings against Senegal over tax assessment at Sangomar project
Woodside Energy, Australia’s largest independent oil and gas company, has filed an arbitration request with the World Bank’s International Centre for Settlement of Investment Disputes over a tax assessment dispute with the Senegalese government.
World Bank urges Kenya to impose carbon tax on imported fuels
The World Bank has urged the Kenyan government to introduce a carbon tax on imported fuels, estimating it could raise up to KES40.5bn ($312.98mn) annually.
Israeli Nitzana gas pipeline to Egypt delayed until H1 2028 amid cost-sharing disputes
The launch of the Nitzana pipeline, expected to export 600mn cubic feet per day (cfd) of natural gas from Israel to Egypt, has been delayed to H1 2028.
BLOG: Is South Africa’s energy crisis here to stay?
South Africa, often hailed as the continent’s most advanced economy, presents a paradox that continues to baffle observers: how can a country with such industrial muscle be plunged so deep into an energy crisis?
Dangote refinery increases US crude imports amid limited Nigerian supply
Nigeria’s Dangote oil refinery will import at least 5 million barrels of US West Texas Intermediate (WTI) crude in July, as domestic production shortfalls continue to limit local supply #bna #nigeria #afroil
SERAP sues Nigeria’s NNPCL over alleged $343mn in unremitted oil revenues
SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over the alleged failure to remit NGN500bn ($343mn) in oil revenues.
Libya’s eastern government warns it may declare force majeure on oil fields
A potential force majeure could disrupt the country's much-needed oil exports. The eastern government claims the move is in response to repeated assaults on the National Oil Corporation.
Ghana ramps up offshore oil output with major drilling push by Tullow and Eni
Ghana has launched a renewed phase of upstream oil exploration as subsidiaries of British explorer Tullow and Italian major Eni resume offshore drilling operations in a move hailed by industry analysts as a strong vote of confidence in the sector.
TotalEnergies divests its non-operated interest in Nigeria’s Bonga field
TotalEnergies' Nigerian subsidiary TEPNG has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of its non-operated 12.5% interest in the OML 118 Production Sharing Contract (PSC) for $510mn.
Nigerian court dismisses $1.3bn Malabu claim against Agip over OPL 245
The Nigerian Agip Oil Company has secured a legal victory after the Court of Appeal in Abuja dismissed a $1.3bn claim by Malabu Oil and Gas concerning the ownership of the disputed Oil Prospecting Licence (OPL) 245.
South Africa faces crude oil supply crisis as Sasol’s refinery warns of possible closure
South Africa is facing a mounting crude oil supply crisis, with serious implications for its energy security. At the heart of the issue is the financial strain on the Natref refinery in Sasolburg.
Dangote, NPA plan to expand Nigerian port operations
The Nigerian Ports Authority (NPA) and Dangote Industries Ltd. (DIL) have joined forces to expand the operational capacity of Nigeria’s maritime economy with the goal of increasing export capacity.
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