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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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ExxonMobil, QatarEnergy plan new gas exploration wells in Egypt’s eastern Mediterranean
US energy major ExxonMobil (NYSE:XOM) and QatarEnergy are planning to drill new exploratory wells in the eastern Mediterranean by the end of 2026
BP plans $1.5bn investment to expand operations in Egypt
British energy major BP is currently planning to strengthen its presence in Egypt and expand its operations
Afreximbank underwrites $2.5bn of $4bn loan to Nigeria’s Dangote oil refinery
Afreximbank has underwritten $2.5bn of a $4bn syndicated loan for the Dangote Refinery in Nigeria, supporting Africa’s largest refining project and boosting energy security.
Morocco faces gas supply disruptions, turns to coal to meet power demand
Morocco has experienced sharp disruptions in gas supplies in recent days after flows via Spain were halted for four consecutive days
India in talks to widen gas supply network to Angola amid tight Middle East deliveries
Four Indian state-owned companies are negotiating to source gas from Angola as the Asian giant seeks alternative sources because of constrained supplies from the Middle East.
Egypt and Cyprus sign gas framework deal to boost energy cooperation
Egypt and Cyprus signed a framework agreement on March 30 to strengthen cooperation in the gas sector
Botswana in talks to take 30% stake in Angola’s $6.6bn Lobito oil refinery
If Gaborone secures a 30% stake in the Angolan refinery, its proportional share would equate to around 60,000 bpd of refining capacity, roughly twice Botswana's current level of consumption.
Chariot Limited acquires interest in two oil projects in Angola
Africa-focused energy group Chariot Limited (AIM:CHAR) has acquired a working interest in two oil blocks in Angola through its exploration and production subsidiary, Etu Energias SA.
Eni to invest $2bn in Egypt’s energy sector before end-2026
Italian energy major Eni is set to invest $2bn in Egypt’s energy sector before the end of 2026. The aim is to expand exploration activities and boost production.
Mozambique's National Hydrocarbons Company pays $78mn dividends to government over eight years
Mozambique’s state-owned National Hydrocarbons Company (ENH) has paid up to $78mn in dividends to the state since 2018, Lusa wrote on March 27.
IMF expects Namibia's economy to rebound this year if oil firms sanction project construction
The IMF has predicted that Namibia’s economy will be subdued this year due to the adverse impact of the Middle East crisis, but it could rebound if international oil companies (IOCs) sanction project construction.
Nigeria’s NNPCL targets $60bn gas investment to triple reserves
Nigeria’s state-owned oil company is seeking $60bn in investment to expand gas reserves to 600 trillion cubic feet (tcf) and increase production to 12 billion standard cubic feet per day (bscfd) by 2030.
Namibia accelerates infrastructure build-out to support first oil targets
Namibia is speeding up the development of its port infrastructure, supply chains and regional energy links, which will shape how much value it can retain from production.
Tanzania, Zambia energy ministers discuss oil, gas cooperation and TAZAMA pipeline
Tanzania’s Energy Minister Deogratius Ndejembi and Zambia’s Energy Minister Makozo Chikote held talks in Lusaka on March 27, 2026 to deepen bilateral cooperation in the energy sector, with a focus on oil and gas
Angola produced 28mn barrels of oil in February, with daily output marginally less than anticipated
Angola produced 28.156mn barrels of oil in February and 72.306mn cubic feet of associated gas, according to the Angola Press Agency (Angop).
Canadian firm ReconAfrica launches production testing at Namibian well
Reconnaissance Energy (ReconAfrica) has started production testing at its Kavango West1X discovery well in onshore Namibia and signed contracts with global giants Halliburton and Schlumberger Oilfield Services for equipment.
Kenya targets Mozambique gas imports to reduce reliance on Middle East
Kenya is pursuing a long-term agreement with Mozambique to secure natural gas supplies as it looks to stabilise domestic energy costs and reduce reliance on imports from the Middle East, where ongoing conflict has disrupted markets
Egypt turns to Libya for oil imports as Hormuz disruption halts Kuwaiti supply
Egypt plans to import at least 1mn barrels of crude oil per month from Libya to offset a halt in Kuwaiti supplies caused by the effective closure of the Strait of Hormuz
Atacama Group to build 300mn-litre fuel storage hub in Namibia
The Atacama Group (TAG), a US energy and infrastructure firm, plans to develop a 300mn-litre fuel storage facility at the Walvis Bay New North Port in Namibia.
Nigeria expands CNG programme to include EVs in transport reform push
Nigeria has expanded its CNG programme to include electric vehicles, as the government seeks to lower transport costs, boost energy security and accelerate its transition to cleaner mobility solutions.
African LNG projects emerging as critical solution to Europe’s energy needs
Amid current global geopolitical shocks with escalating tensions in the Middle East, European buyers are seeking alternative gas supplies, which could bring much-needed energy security to Europe.
Nigeria lifts FX limits on oil exporters and allows full repatriation
Nigeria’s central bank has removed restrictions on oil export proceeds, allowing companies to repatriate 100% of earnings immediately, in a move aimed at improving forex liquidity and investor sentiment
Nigeria’s NMDPRA fuel import licences stir concerns over refining strategy
Fresh petrol import approvals by the NMDPRA have drawn criticism from the Energy Transparency and Market Justice Initiative (ETMJI), which warned that the move risks undermining domestic refining efforts and fuel quality standards
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