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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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Egypt urges international oil companies to double output by 2030
The Egyptian government has requested international oil and gas companies operating in the country to double their production by 2030
Perenco invests $200mn in new offshore platform in Republic of Congo
Perenco has completed installation of the $200mn Kombi 2 offshore platform at the Kombi-Likalala-Libondo II field in the Republic of Congo, adding new power generation, gas recovery and drilling capacity.
Tanzania and Uganda target first crude oil exports via EACOP in July
Tanzania and Uganda are set to begin shipping crude oil internationally in July with the operational start of the East African Crude Oil Pipeline (EACOP). Previously, an October launch was targeted.
Congo launches LNG exports from Nguya FLNG vessel as Eni boosts capacity to 3mntpa
Italian integrated energy group Eni (BIT:ENI) has shipped the first cargo of liquefied natural gas from the Nguya FLNG vessel, marking the start of exports under Phase 2 of the Congo LNG development.
Nigeria seeks $22bn to expand gas pipeline network under new master plan
Nigeria’s national oil company estimates that $22bn will be required to expand critical gas pipeline infrastructure under its Gas Master Plan 2026, which aims to increase domestic gas usage and exports by the end of the decade
Savannah Energy boosts Nigerian output and prepares East African expansion
Savannah Energy (AIM: SAVE) reported higher production, improved cash collections and new infrastructure across its African operations in FY 2025, while preparing to enter five East African markets, according to a stock market filing.
Brent set to fall 10% in 2026, analysts say
The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.
Namibia challenges TotalEnergies and Petrobras offshore licence deal
French oil giant TotalEnergies and Brazil’s Petrobras said they had each acquired a 42.5% stake in an offshore petroleum exploration in Namibia, but the government has since said it was handled unlawfully.
Equatorial Guinea deepens energy reforms with Eni deal and coordinated gas strategy
Equatorial Guinea and Italy’s energy major Eni (BIT:ENI, NYSE:E) have signed a Reconnaissance Licence Agreement (RLA) aimed at facilitating technical and exploratory cooperation.
Nigeria ramps up gas infrastructure as OB3 segment begins 300mn scf/d flow
Nigeria has announced progress in its domestic gas infrastructure with the commissioning of a segment of the Obiafu-Obrikom-Oben (OB3) pipeline, which has begun transporting 300mn scf/d of gas
Angola-focused oil firm Afentra generated $114mn in revenue after selling 1.6mn barrels in 2025
Afentra (AIM: AET), an oil company with operations in Angola, sold 1.6mn barrels of oil at an average $70.2/bbl and generated $114mn in 2025, it said in an operational update on February 5.
Trans-Saharan gas pipeline gaining momentum
Brazil’s Petrobras seeks to widen Africa push
Petrobras has expanded its overseas exploration and production portfolio with the acquisition of a 42.5% stake in an offshore block in Namibia, the Brazilian state-controlled oil company said.
Tanzania’s TPDC to drill three new natural gas wells in Mnazi Bay Block
Preparations to drill three additional natural gas wells in Tanzania’s Mnazi Bay Block in Mtwara Region are over 90% complete, with operations set to begin on February 9.
Nigeria to build 10,000bpd condensate refinery in Edo State
Nigerian National Petroleum Company Limited (NNPCL) has agreed to construct a 10,000 barrels-per-day (bpd) condensate refinery in Edo State
Conoil Nigeria’s annual profit drops 77% on higher borrowing costs
Conoil Nigeria Plc (NGX: CONOIL) reported a 77.03% decline in pretax profit to NGN2.53bn ($1.85mn) for the year ended 2025, as sharply higher finance costs and weaker revenue weighed on earnings
Equatorial Guinea signs deal with Chevron to boost state role in Aseng gas project
Equatorial Guinea has taken a major step to strengthen its gas sector by signing a new financing agreement for the Aseng Gas Project.
Morocco fuel prices rise in February across major distribution networks
Fuel prices in Morocco rose in February after nearly one month of stability, with diesel and gasoline registering fresh increases across major fuel distribution networks
Nigeria’s NNPCL overhauls refinery strategy, seeks equity partners to halt years of losses
The Nigerian National Petroleum Company Limited (NNCPL) is abandoning its contractor-led refinery rehabilitation model in favour of equity partnerships with experienced international operators
Angola Oil & Gas 2026 conference to spotlight onshore revival and industry collaboration
Namibian president rebuffs reports of family's involvement in local hydrocarbon industry
Namibia’s President Netumbo Nandi-Ndaitwah has rejected allegations of her family’s involvement in the country's burgeoning oil industry, but said that they, like all locals, have a right to participate in the nation’s economy.
African Energy Bank targets $15bn for oil and gas projects across the continent by 2030
The African Energy Bank, backed by APPO and Afreximbank, aims to mobilise $15bn by 2030 to finance oil and gas infrastructure, unlock stalled midstream and downstream projects, and reduce Africa’s reliance on external energy financing.
Uganda oil projects seek foreign expertise in final stretch to first production
Uganda’s petroleum regulator, the Petroleum Authority of Uganda (PAU), has said oil companies are preparing to bring in additional foreign specialists as the country moves into technically complex final stages of its oil developments
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