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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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Italy, Spain race to secure Algerian gas amid Middle East crisis
Italian PM Giorgia Meloni is seeking to boost gas flows from Algeria, as Italy, along with Spain, competes to secure alternative energy supplies from North Africa, following disruptions in Middle Eastern exports
Nigeria signs offshore seismic deal to revive frontier exploration
The NUPRC has signed a three-year agreement with SeaSeis Geophysical Limited and TGS to acquire new offshore seismic and gravity data, in a move aimed at reducing exploration risk and attracting investment
Nigeria misses full $100 oil price windfall as crude-backed deals limit gains, says FNCCI head
Nigeria may not fully benefit from near-$100 oil prices as crude-backed loan agreements, including the $3.3bn Project Gazelle, lock in large volumes of output at lower historical prices, limiting fiscal gains while inflation pressures rise.
Losers and winners from the Qatari LNG disruption
While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.
Nigeria fuel subsidy removal boosts oil gains while raising consumer costs
Nigeria’s removal of fuel subsidies is improving its ability to benefit from rising oil prices while increasing short-term costs for consumers
Nigeria’s petrol imports drop 29% to $10bn as Dangote refinery boosts local supply
Nigeria’s petrol import bill fell 28.88% year on year to $10bn in 2025 as domestic refining capacity expanded, driven by increased output from the Dangote Refinery.
Egypt plans LNG imports worth up to $3bn ahead of summer demand
Egypt’s Ministry of Petroleum and Mineral Resources is currently studying a plan to import around 45 liquefied natural gas (LNG) cargoes at an estimated cost of between $2.5bn and $3bn.
Libya begins towing damaged Russian LNG tanker off its coast
Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March
Apache discovers new gas field in Egypt’s Western Desert
Egypt has announced a new natural gas discovery in the Western Desert, as US energy major Apache (NASDAQ: APA), in partnership with the Egyptian General Petroleum Corporation (EGPC), expands its exploration activities in the country.
Ukraine keen to buy LNG from Mozambique, both countries' presidents agree to maintain regular contact
Ukraine is scouting for alternative sources of gas following the disruption of supplies over the past month due to the armed conflict between Israel and Iran.
Nigeria’s oil and gas stocks lead equities rally in 2026
Nigeria’s oil and gas stocks have led gains on the local bourse, lifting the NGX Oil & Gas Index by 60.83% year to date as of March 18 and making it the best-performing sector in a broader equities rally,
Nigeria posts crude oil and condensate output shortfall of 16.6mn barrels in January-February
Nigeria produced about 16.6mn fewer barrels of crude and condensate than budgeted in January–February 2026, equivalent to roughly $1.8bn at current prices
Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst
The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.
Egypt moves to fully clear $1.3bn dues to oil partners by end-June 2026
The Egyptian government is doubling its efforts to settle outstanding payments to foreign oil and gas partners to restore investor confidence and support production growth. It moves to fully clear $1.3bn dues to oil partners by end-June 2026
Italy’s PM Meloni heads to Algeria to secure gas supplies amid Qatar disruptions
Italian PM Giorgia Meloni is set to visit Algeria on March 25 as the European country seeks to secure alternative gas supplies following disruptions to imports from Qatar
Libya’s El Feel oilfield halted as pipeline diverted after Sharara fire
Libya’s El Feel oilfield has been shut down since March 19 after its pipeline was repurposed to transport crude from the Sharara field following fire damage.
BP and Arcius Energy to drill four new gas wells in Egypt’s Mediterranean
UK energy major BP and Arcius Energy are preparing to drill four new gas wells offshore Egypt as part of a broader push to expand exploration activity in the Mediterranean.
Iran war drives Egypt’s energy bill higher amid surging import costs
Egypt faces mounting pressure from an annual energy bill approaching $20bn, as global geopolitical tensions driven by the US-Israeli strikes on Iran and domestic production challenges complicate efforts to secure sustainable energy supplies
Libya to tow damaged Russian shadow fleet LNG carrier to port
The vessel was struck by Ukrainian sea drones.
Nigeria steps up $20bn gas pipeline push to supply Europe
Nigeria is intensifying talks on a proposed $20bn gas pipeline to Europe, aiming to deliver up to 30bn cubic metres of gas annually and strengthen both its economy and European energy security
Nigeria’s Dangote refinery exports 456,000 tonnes of fuel across Africa
Nigeria’s Dangote refinery has exported 456,000 tonnes of fuel to five African countries, signalling a shift in regional supply dynamics amid rising demand and global disruptions.
Egypt among most ill-equipped to withstand Iran war energy shock long term
Egypt is among the least equipped to absorb a long-term oil shock owing to weak macro buffers, leaving it highly sensitive to rising import costs, FX pressure, and fiscal strain.
Corcel well-funded for oil drilling in Angola following $4.8mn fund raise
Corcel Plc (AIM: CRCL), an Angola-Brazil-focused energy company, has raised $4.8mn which it will use to advance into the planning and preparation phase for drilling its first pre and post-salt exploration well at its KON-16 project in Angola.
Refined oil products caught in Iran war energy shock maelstrom
The sharp rise in refined oil product prices is intensifying the economic fallout from the latest energy shock, compounding the effects of disrupted crude flows and tightening supply chains.
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