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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 to resume annual imports of 12mn barrels of Basra crude oil
Egypt plans to resume the import of 12mn barrels of Basra crude oil from Iraq, starting in Q3 of 2025, following a suspension that lasted approximately a year and a half.
Ghana faces looming blackout as Karpowership threatens shutdown over unpaid debts
Ghana’s energy sector is teetering on the brink of collapse as Turkish power producer Karpowership has issued a seven-day ultimatum to shut down operations over unpaid bills, the country’s Energy Minister warned
Eterna reports $870,000 pre-tax profit for 1Q25 as foreign exchange losses ease
Eterna made a NGN1.4bn ($870,000) pre-tax profit for the first quarter of 2025, surpassing its forecast of NGN756mn ($470,000), driven primarily by the elimination of foreign exchange losses, the company's published financial statements revealed.
Ghana’s oil output stalls despite near-record production, PIAC warns of sectoral decline
Ghana narrowly missed matching its 2023 crude oil output by just 0.01%, equivalent to 7,000 barrels, according to the latest annual report by the Public Interest and Accountability Committee (PIAC).
Afreximbank launches $3bn revolving credit programme for intra-African petroleum imports
The African Export-Import Bank (Afreximbank), a pan-African multilateral financial institution, has launched a $3bn Revolving Intra-African Oil Import Financing Programme.
Nigeria may need to explore new options to meet growing LNG demand, analysts say
Africa’s LNG projects are attracting international investment owing to their scale and ability to serve growing global markets.
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.
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