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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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Portugal’s Galp doubles down on upstream in Brazil
Portugal’s Galp will prioritise expanding oil and gas output in Brazil and Namibia while considering a stock market listing of parts of its downstream business within two years, co-chief executive João Diogo Marques da Silva said.
Egypt clears $5bn in oil partner arrears since June 2024, says PM
The Egyptian government has paid about $5bn in outstanding dues to foreign partners in its oil and gas sector since June 2024 under a previously announced repayment schedule
Predator Oil & Gas raises $6mn for Trinidad, Morocco operations
Predator Oil & Gas Holdings has raised GBP4.5mn ($6mn) before expenses through a share placement to fund drilling operations in Trinidad and advance its Moroccan gas projects, the Jersey-based company said.
Africa-focused Panoro Energy hits record 10,263 bpd output in 2025
Panoro Energy (OSE:PEN) posted record average production of 10,263bpd in 2025, lifted 3.1mn barrels and returned $35.8mn to shareholders, as the Africa-focused producer advances new drilling and appraisal projects in Gabon and Equatorial Guinea.
Equatorial Guinea seeks $300mn oil, LNG prepay deals to revive output
Equatorial Guinea reportedly seeks $300mn in oil and LNG prepayment deals with commodity traders to finance a hydrocarbon production revival, as output has fallen to around 40,000bpd and traditional bank funding retreats from fossil fuels.
Eni-led consortium spuds Libya’s first deepwater exploration well
Libya’s National Oil Corporation (NOC) and international partners have started drilling the country’s first deepwater exploration well in the Gulf of Sirte.
SHI launches hull for Eni’s Coral North FLNG project in Mozambique
Italian integrated energy group Eni and its partners on January 16 announced the launch of its Coral North floating LNG (FLNG) hull at the Samsung Heavy Industries’ Geoje Island shipyard in South Korea.
Algerian Sonatrach to pay $290mn in compensation to UK Sunny Hill Energy in gas dispute
An international arbitration tribunal has ordered Algeria’s state energy company Sonatrach to pay around $290mn to UK-based Sunny Hill Energy, following a long-running dispute over the Ain Tsila gas project in southeastern Algeria,
GOIL share price nearly doubled in 2025 as Ghana stock market rally boosts investor confidence
GOIL PLC’s share price almost doubled in 2025, outperforming much of the Ghana Stock Exchange as easing inflation and improving macroeconomic conditions fuelled a renewed appetite for equities.
Egyptian President El-Sisi directs government to prioritize settlement of foreign oil and gas debts
Egyptian President Abdel Fattah El-Sisi has directed the government to maintain its commitment to settling dues owed to oil and gas companies operating in Egypt
Mozambique government sees TotalEnergies, Exxon $30bn LNG projects back on track by mid-year
Mozambique’s President Daniel Chapo is optimistic that French oil supermajor, TotalEnergies (NYSE: TTE), will resume work at its $20bn liquefied natural gas (LNG) project later this month, five years after it abandoned the site following a terrorist
Shell restarts FPSO tender for $12bn Nigeria offshore Bonga development
Shell has restarted preparatory work on Nigeria’s Bonga South West-Aparo offshore oil project by launching a new FPSO tender. The project, located on OML118, was last costed at $12bn and could host production capacity of 150,000bpd.
OUTLOOK 2026 Ghana
Ghana is in a markedly stronger position than during the 2022–23 balance-of-payments and debt crisis. The IMF projects real GDP growth of about 4.8% in 2026, underpinned by firmer exports and easing inflation.
Nigeria opens 90-day fast-track approval window to boost oil output
Nigeria’s upstream regulator has launched a 90-day expedited approval window for oil field developments and production interventions as part of efforts to raise crude output to 3mn bpd by 2030
Star Oil pays $243mn in taxes as Ghana’s fuel market weathers price pressures
Star Oil said it paid more than GHS2.63bn ($243mn) in taxes and statutory levies in 2025, underscoring its contribution to public finances as living costs bite.
Nigeria's Dangote refinery to more than double capacity to 1.4mn bpd within three years, says CEO
Dangote Petroleum Refinery plans to more than double capacity to 1.4mn bpd within three years, with CEO David Bird saying the expansion will use a “roofless replication” model to fast-track procurement and construction.
TotalEnergies exits Nigerian Renaissance JV in $800mn deal, retains gas interests
TotalEnergies has agreed to sell its 10% non-operated stake in Nigeria’s Renaissance Joint Venture to local energy company Vaaris in a transaction valued at $800mn
Gambian president appoints Cany Jobe to lead petroleum regulator
Cany Jobe, an experienced oil and gas industry executive, has been appointed by Gambian President Adama Barrow as the new Director General of the Petroleum Commission of The Gambia.
Algeria’s oil exports fall 2% in 2025 despite year-end rebound
Algeria’s oil exports declined by 2% y/y in 2025, equivalent to about 16,000 bpd, despite a strong recovery in shipments during December 2025, energy platform Attaqa reported
Niger revokes tanker licences amid Mali fuel blockade by jihadists
Niger has revoked the licences of 33 fuel transport operators and drivers after they refused to deliver petrol to neighbouring Mali, where jihadist attacks on tanker convoys have intensified
Senegal reclaims Cayar Offshore Shallow block from Nigeria’s Oranto Petroleum
The Ministry of Energy and Petroleum of the Senegal has formally withdrawn the licence for the Cayar Offshore Shallow (COS) block held by Nigerian oil firm Oranto Petroleum.
Egypt and Oman explore deeper energy and mining cooperation
Egypt and Oman are moving to deepen cooperation in oil, gas and mining
Nigeria’s average daily crude and condensate output reached 1.64mn bpd in first 11 months of 2025
Nigeria produced an average of 1.64mn barrels per day (mn bpd) of crude oil and condensates over the first eleven months of 2025, reflecting ongoing operational difficulties despite tentative signs of stabilisation in the upstream sector
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