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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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Nigeria's Port Harcourt refinery closes for 30 days
Nigeria’s 210,000 barrels per day (bpd) Port Harcourt Refining Complex (PHRC) has been shut down for 30 days by the Nigerian National Petroleum Co. Ltd. (NNPCL) to carry out scheduled maintenance.
Egypt plans to sign 13-15 petroleum agreements in H2 2025
Egypt’s Ministry of Petroleum is preparing between 13 and 15 new petroleum concession agreements to be signed during H2 of 2025, Economy Plus reported on May 27.
South Africa proposes buying LNG from US as part of bilateral trade deal
South Africa has offered to buy liquefied natural gas (LNG) from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the government news agency SA News' website.
Canada’s clean energy tech Borna Membrane Solutions builds $40mn factory in Egypt
Canada’s clean energy tech Borna Membrane Solutions (BMS) plans to establish a $40mn factory in Egypt to will produce flare gas recovery systems, carbon separators, and technology for reinjecting recovered gases into Egypt’s natural gas grid.
South Africa’s Transnet signs $233mn settlement with Sasol over oil pipeline tariff dispute
South Africa’s chemicals and energy company Sasol and state-owned logistics utility Transnet have settled long-running disputes over crude oil pipeline tariffs.
Egypt receives 14 offers to supply liquefied natural gas to up to three years
The state-owned Egyptian Natural Gas Holding Company (EGAS) has received 14 offers to supply liquefied natural gas (LNG) for periods ranging from 18 months to 3 years, Economy Plus reported on May 25.
Nigeria's NNPCL targets 1.9mn barrels per day crude output by end of 2025
NNPCL targets 1.9mn barrels per day crude output by end of 2025 #bna #nigeria #afroil
Libya accumulates $1bn in debt to fuel suppliers after ending oil swap programme
Libya has accumulated around $1bn in debt to fuel suppliers after ending its oil swap programme roughly three months ago.
Egypt in talks to buy 40-60 shipments of LNG to meet high summer demand
The Egyptian government is in talks with international energy companies to purchase between 40 and 60 shipments of liquefied natural gas (LNG) and around 1mn tonnes of fuel oil to secure emergency fuel imports amid a worsening energy crisis.
Kenya earns $1.9mn in royalties from Turkana oil exports amid stalled commercialisation plans
Kenya earned $1.915mn in royalties from crude oil exports under the now-defunct Early Oil Pilot Scheme (EOPS), according to British oil and gas explorer Tullow Oil.
Renaissance Africa to double gas output with $15bn Niger Delta investment
Renaissance Africa to double gas output with $15bn Niger Delta investment #bna #afroil #nigeria
Independent explorer Panoro Energy announces Q1 2025 operational and financial results
London-based Panoro Energy, an independent Africa-focused exploration and production company, has announced its operational and financial results for Q1 2025.
Russia to build fuel pipeline in Republic of Congo
Russia’s Cabinet of Ministers has submitted to parliament for ratification a deal with Congo to construct a petroleum products pipeline there aimed at strengthening regional energy infrastructure and facilitating bilateral trade in refined oil.
Egyptian government applies new petroleum profit-sharing agreements
The Egyptian government has approved implementing the R-Factor profit-sharing system in certain petroleum agreements with specific terms for each region.
US court dismisses $58mn lawsuit by Forstech Technical Nigeria against Shell
The US District Court for the Southern District of New York has dismissed a $58mn lawsuit against the Shell Petroleum Development Company of Nigeria (SPDC).
Tullow restarts drilling in Ghana’s Jubilee Field in major boost for West African oil sector
Tullow Ghana and its partners have restarted drilling operations in the country’s flagship Jubilee Field, signalling renewed investment and confidence in one of West Africa’s most strategic oil assets.
Ghana clears bulk of $75mn gas debt to Nigeria amid regional energy tensions
Ghana has reportedly nearly paid off its $75mn debt to Nigeria for gas supplies, settling roughly 90% of arrears owed to N-Gas, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL).
Egypt Gas records 41.3% y/y hike in net profit to $3.9mn in Q1 2025
Egyptian energy firm Egypt Gas (EGAS) recorded a 41.3% year-on-year (y/y) hike in the company’s net profit to EGP196.368mn ($3.93mn) in Q1 2025, it said in a bourse filing on May 21.
NNPCL inspects Nigerian Port Harcourt and Kaduna refineries
The Nigerian National Petroleum Co. Ltd’s leadership has conducted an inspection visit to the 110,000 bpd Kaduna refinery and 210,000 bpd Port Harcourt refinery as part of efforts to ensure they are running effectively.
Kenya targets $1.12bn in oil block investments by 2027 under new energy strategy
Kenya’s Ministry of Energy and Petroleum has launched a KES 2.5 trillion ($19.32bn) strategic plan for 2023–2027, aiming to attract KES 145.3bn ($1.12bn) in petroleum exploration block investments by the end of that period.
Shares of South African helium, LNG producer Renergen surge on news of acquisition offer
Renergen, South Africa’s first integrated producer of liquefied helium and liquefied natural gas (LNG) saw its share price surging by more than 78% on May 20, following an announcement of its potential acquisition by ASP Isotopes.
Nigeria’s Dangote refinery set to receive 272,000 tonnes of international crude
Nigeria’s 640,000 barrel per day Dangote refinery received 146,000 tonnes of crude oil from the international market from the tanker Hercules this week, with another tanker – Sienna – set to follow soon afterwards.
TotalEnergies to request lifting of force majeure for Mozambique LNG
French supermajor TotalEnergies’ CEO Patrick Pouyanne will ask Maputo to lift force majeure on its stalled Mozambique LNG project.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
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