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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 Dangote refinery denies closing petrol unit for maintenance
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has denied shutting down its petrol processing unit for maintenance despite a report by Bloomberg claiming that it was undergoing maintenance on April 25.
NNPCL faces criticism over refinery shutdowns and operational failures
The Nigerian National Petroleum Company Limited (NNPCL) is facing growing criticism from industry figures and experts regarding its operational integrity.
OPEC+'s rise in oil output could trigger sharp fall in oil prices in 2027-28: Alfa Bank
OPEC+'s plans to raise oil production amid the US’ new protectionist trade policies could lead to a sharp decline in Brent crude prices in 2027-2028.
Iran and Niger sign joint cooperation document
Canadian explorer Africa Oil provides update on Marula-1X drilling offshore Namibia
Canadian oil and gas Africa-focused exploration company Africa Oil Corporation (Africa Oil) has received an operational update from Impact Oil & Gas following the conclusion of Impact’s third drilling campaign offshore Namibia.
Seplat Energy reports record $764mn revenue in first quarter of 2025
Seplat Energy reported a record revenue of NGN1.228 trillion ($764mn) for the first quarter of 2025, marking a 357% year-on-year increase driven by higher production volumes following its acquisition of Seplat Energy Producing Nigeria Unlimited.
NNPC Gas Marketing to acquire 5.2mn standard cubic feet per day CNG facility from Gas Network Services
Lebanese firm seeks to freeze Kenya Pipeline Company’s accounts over unpaid debt
Zakhem International Construction Limited, a Lebanese company, has filed a case in Kenya’s Commercial Court seeking to freeze the bank accounts of state-owned Kenya Pipeline Company (KPC) over a $7.1mn debt.
United States expresses interest in Nigeria-Morocco gas pipeline
The pipeline will export Nigerian gas to Europe via North Africa.
Morocco launches tender for first liquefied natural gas terminal
Morocco has launched a tender for the development of its national gas infrastructure that includes the country’s first liquefied natural gas (LNG) terminal at the Nador West Med Port.
Turkey launches new gas exploration projects with Libya
Turkey is launching new oil and gas exploration projects with a number of countries, including Libya, Iraq, Somalia, and Azerbaijan, Energy Minister Alparslan Bayraktar said in a statement.
Ghana provides update on oil and gas investment opportunities at Invest in African Energies: Accra Briefing
The Invest in African Energies: Accra Briefing on April 14 provided an update on the latest developments in Ghana’s oil and gas sector, highlighting upstream and downstream strategic investment opportunities.
Gunvor, ADNOC reportedly shortlisted to buy Shell’s downstream assets in South Africa
The UAE’s Abu Dhabi National Oil Company (ADNOC) and Swiss energy commodities trader Gunvor are among companies that have been shortlisted to buy British energy supermajor Shell’s downstream assets in South Africa.
Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts
Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).
Chinese-Egyptian JV to design Red Sea petrochemicals complex
A joint venture (JV) consisting of Chinese and Egyptian companies has signed an agreement for the preliminary design of the first phase of the Red Sea Petrochemicals Complex project, set to be constructed at Ain Sokhna in the Gulf of Suez.
NNPCL cuts petrol price to $0.58 per litre in Abuja, Nigeria
The Nigerian National Petroleum Co. Ltd. (NNPCL) has lowered the price of petrol in Abuja following an announcement from 650,000 barrels per day (bpd) Dangote refinery.
Canada’s ReconAfrica expands into Angola’s Etosha-Okavango basin with major acreage acquisition
Reconnaissance Energy Africa (ReconAfrica) has secured a significant position in Angola’s Etosha-Okavango basin, acquiring 5.2mn net acres through an agreement with the national oil regulator.
Morocco to issue tender for floating LNG terminal
Morocco is set to issue a tender for a floating LNG terminal on the country’s northeastern coast.
Turkey’s Tupras orders Nigerian crude in boost for Nigeria’s oil exports
Turkey’s largest oil refinery, Tupras, placed significant new orders for Nigerian crude oil for delivery between March and April, providing a major boost to Nigeria’s oil export ambitions at a crucial time for its 2025 fiscal planning,
Goldman Sachs warns of potential further devaluation of Nigerian naira amid oil price pressures
Goldman Sachs has warned that Nigeria’s naira could face further devaluation as persistently low global oil prices undermine the government's 2025 budget projections.
BP announces first cargo from Greater Tortue Ahmeyim LNG project in Mauritania, Senegal
BP has safely loaded the first cargo of liquefied natural gas from the offshore Greater Tortue Ahmeyim LNG project on the maritime border between Mauritania and Senegal.
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