AfrOil - Africa Oil & Gas

Category
Oil & Gas

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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.

 AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Libya announces first oil exploration bidding round since 2008

6 March 2025

Libya is Africa’s second-largest oil producer and an OPEC member exempted from OPEC+ output limits.

Nigeria’s LNG exports plummet as pipeline sabotage cuts gas supplies

6 March 2025

Nigeria LNG is struggling with an operational crisis as reduced gas supplies due to pipeline sabotage are plaguing the country’s LNG exports.

Nigeria’s Seplat Energy reports $375mn pre-tax profit for 2024

6 March 2025

Seplat Energy has reported a pre-tax profit of NGN561.4bn ($375mn) for the fiscal year ending on 31 December 2024, marking a 347.21% increase from the NGN125.5bn ($84mn) recorded in 2023.

Africa to remain key player in high-impact drilling for oil and gas in 2025

6 March 2025

Major discoveries have been made in South Africa’s Outeniqua Basin and Namibia’s Orange Basin, turning the region into a hotspot for high-impact exploration, particularly offshore Namibia.

Rubis to invest $46.37mn in Kenya’s National Oil Corporation

28 February 2025

French oil and gas company Rubis Group will invest KES6bn ($46.37mn) in a five-year partnership with Kenya’s state-owned National Oil Corporation (NOCK).

Azerbaijan and Somalia agree to boost cooperation in oil and gas exploration

27 February 2025

Azerbaijan and Somalia have signed a Memorandum of Understanding (MoU) on oil and gas cooperation, marking a step towards closer energy ties.

Oil and gas explorer Custos Energy announces discoveries at Mopane-3X in PEL 83 offshore Namibia

26 February 2025

Namibian independent oil and gas explorer Custos Energy has released an update on the second exploration and appraisal campaign on blocks 2813A and 2814B located in Namibia’s highly prospective Orange Basin.

Afreximbank to drive $1bn oil service financing in Guyana

26 February 2025

Afreximbank has announced plans to establish a $1bn oil service financing facility in Guyana, aiming to boost local participation in the country's rapidly expanding oil sector.

Shipping companies fight against biofuel regulations

26 February 2025

Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.

Global LNG demand to surge 60% by 2040 on Asian economic growth

25 February 2025

Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.

Nigerian LNG producer to compensate Vitol and Glencore $380mn

25 February 2025

Nigeria LNG has been ordered by a London court to pay $380mn in compensation to energy and commodity traders Glencore and Vitol for failure to deliver 19 ordered cargoes.

Edited by

Jennifer deLay

Editor

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