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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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Exploration activity in Namibia set to grow in 2025, says petroleum commissioner
Namibia’s offshore oil and gas sector is poised for substantial expansion, fuelled by new licensing rounds and an uptick in drilling activities in 2025.
Nigerian modular refineries operating at 20% capacity
Numerous modular refineries are still waiting for crude supplies following promises by the Nigerian National Petroleum Company Ltd (NNPCL) to lend support as part of the country’s plan to develop domestic refining capacity.
Libya's central bank warns sharp disparity between foreign currency sales, oil income threatens stability
Nigeria inaugurates first modular LPG plant, 20-MW gas-to-power project
The Nigerian government has inaugurated the country’s first modular liquefied petroleum gas extraction plant and a 20-MW gas-to-power project at the Otakikpo field in Rivers State.
Nigeria declares state of emergency following pipeline explosions during unrest in Rivers State
Nigeria’s President Bola Tinubu on March 18 declared a state of emergency in Rivers State following explosions at two oil pipelines.
Nigerian association IPMAN denies opposing petrol price drop by Dangote, NNPCL
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims that it stood against plans by 650,000 barrels per day (bpd) Dangote Refinery and the Nigerian National Petroleum Co. Ltd. (NNPCL) to cut petrol prices.
Equatorial Guinea reopens 2025 oil and gas licensing to boost investment
Equatorial Guinea has reopened its oil and gas licensing process for 2025, seeking to attract investment and boost hydrocarbon production through regulatory reforms and fiscal incentives
Iraq negotiates first LNG deal with Algeria
Namibian independent oil and gas explorer Custos provides update on PEL87 in Orange Basin
Namibian independent oil and gas exploration company Custos Energy has provided an update on developments associated with blocks 2713A and 2713B governed by Petroleum Exploration Licence (PEL) 87 in Namibia's Orange Basin.
Dangote refinery in Nigeria begins polypropylene production
Since its commissioning in January 2024, the refinery has gradually expanded operations, producing various petroleum products, including diesel and aviation fuel.
Shell completes sale of Nigerian onshore assets to Renaissance
Shell has finalised the sale of its Nigerian subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC), more than a year after announcing its divestment.
US to lend $4.7bn to TotalEnergies for stalled Mozambique LNG project
TotalEnergies’ long-delayed Mozambique LNG project appears back on track after the US Export-Import Bank greenlighted a $4.7bn loan.
Britain’s Savannah Energy acquires SIPEC, boosting Nigerian oil and gas reserves
The London-listed Savannah Energy has completed its acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Ltd (SIPEC), significantly increasing its reserves and resources in Nigeria.
Nigeria’s domestic refineries struggle to compete with fuel imports
Foreign trade data compiled by the National Bureau of Statistics has shown that the cost of fuel imports increased significantly in Nigeria despite refineries coming back online in 2024.
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