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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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Sintana Energy acquires minority stake in Angola’s Block KON-16 in $2.5mn deal
Canada’s Sintana Energy has entered Angola’s oil and gas sector through a partnership with UK-based Corcel, acquiring a minority interest in Block KON-16 in the onshore Kwanza Basin in a transaction valued at $2.5mn.
NNPCL must transfer revenue gains from subsidy to government accounts, says World Bank
The Nigerian National Petroleum Co. Ltd has only been sending 50% of profits gained from the removal of petrol subsidies to the federation account, according to the World Bank.
Nigeria's Dangote refinery cancels planned June maintenance
Nigeria’s 650,000 barrel per day Dangote refinery has cancelled planned maintenance at its petrol-making unit due to having finished the works during an unplanned shutdown between April 7 to May 11.
Final investment decision on Morocco-Nigeria $25bn gas pipeline expected by end-2025
Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, said the final investment decision on the $25bn Nigeria-Morocco Gas Pipeline project is expected by the end of 2025.
Egypt announces discovery of three gas deposits in Western Desert and Gulf of Suez
Egypt has announced the discovery of three new oil and gas deposits in the Western Desert and the Gulf of Suez and unveiled a $10mn plan to boost production, including installing a 23-kilometre pipeline and drilling additional wells.
Ghana urges global investors to accelerate oil drilling before assets become stranded
Ghana’s President John Mahama has called on international investors to ramp up crude oil production in the West African nation as the global shift towards decarbonisation threatens to leave fossil fuel resources untapped.
African energy ministers convene to explore financing strategies at Invest in African Energy 2025 forum
African energy ministers are meeting at the Invest in African Energy (IAE) 2025 conference focused on unlocking finance for energy projects across the continent.
Algeria launches comprehensive initiative to revitalise the upstream oil and gas sector
Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has launched a comprehensive initiative to revitalise the upstream oil and gas sector.
Slovenia and Algeria strengthen energy ties with extended gas supply agreement
Slovenian gas supplier Geoplin and Algeria’s state-owned gas producer Sonatrach have signed an extension of their natural gas supply contract, ensuring a continued and uninterrupted supply of gas to Slovenia in the coming years.
Dutch-UAE consortium secures contract for Perenco’s FLNG project in Gabon
A Dutch-United Arab Emirates (UAE) consortium has signed a contract to deliver a floating liquefied natural gas (FLNG) facility for Perenco’s energy project at Cap Lopez, off the coast of Gabon.
Invest in African Energy 2025 forum in Paris connects African energy markets with global investors
The Invest in African Energy (IAE) 2025 conference, focused on unlocking finance for energy projects across the continent, is taking place in Paris on May 13-14, 2025.
NNPCL to resume crude oil drilling at Nigeria's Kolmani field in June
The Nigerian National Petroleum Company Limited (NNPCL) will resume crude oil drilling at the Kolmani field in June, marking the end of a two-year suspension.
Nigeria presses Ghana over $75mn gas debt in bid to safeguard West Africa energy pact
Nigeria has urged Ghana to settle a $75mn debt for gas supplied under the West African Gas Pipeline (WAGP) agreement, warning that unresolved arrears threaten regional energy cooperation.
Egypt shifts to LNG importer with 10-year deal for floating terminal
Egypt has agreed with Norway’s Höegh Evi to lease a floating LNG import terminal for 10 years.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
Nigeria’s oil output falls 4.37% in March, widening gap with OPEC quota
Nigeria’s crude oil production declined by 4.37% in March to 1.401mn barrels per day (bpd), further widening the gap between actual output and the country’s OPEC quota, the April OPEC Monthly Oil Market Report (MOMR) has revealed.
Tanzania unveils Africa’s second-largest CNG station to power shift away from petrol
Tanzania has inaugurated Africa’s second-largest Compressed Natural Gas (CNG) mother station in Dar es Salaam. The TZS 18.9bn ($7.043mn) facility, launched on May 10, can refuel 1,200 vehicles daily and serve eight vehicles at once.
Ghana to sign $2bn oil deal with Kosmos Energy as Africa seeks balance in energy transition
Ghana is poised to sign a memorandum of understanding with US-based oil and gas firm Kosmos Energy, which has pledged to invest $2bn in the country’s upstream petroleum sector.
Sudan plans to shut down oil facilities in Port Sudan due to RSF attacks
The country’s energy minister Mohieddien Saied said the RSF attacks have severely affected oil production and export capabilities. The attacks have undermined both Sudan and South Sudan economically.
Zimbabwe, Mozambique sign deal to enhance energy sector collaboration
Zimbabwe and Mozambique have signed an agreement to facilitate collaboration in electricity, petroleum and renewable energy sectors, NewsDay reported on May 8.
South Africa’s gas sector development hindered by legal challenges
Constant legal opposition to oil and gas exploration and production continues to hinder the development of South Africa’s gas economy.
Ghana to build second gas plant to boost regional energy exports
Ghana will construct a second gas-processing plant to strengthen domestic energy supply and boost regional exports, the country’s Minister for Energy and Green Transition, John Abdulai Jinapor, announced.
UAE reportedly to co-fund $25bn Nigeria–Morocco gas pipeline project
The UAE has joined countries and institutions that have shown interest in funding the $25bn Nigeria–Morocco gas pipeline project, days after the US showed a similar interest.
ExxonMobil pledges $1.5bn to revitalise Nigeria’s deepwater oil production
ExxonMobil has pledged $1.5bn to boost Nigeria’s deepwater oil exploration and production, signalling renewed confidence in the country’s upstream sector and dispelling speculation about the company’s potential exit from the market.
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