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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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Nigeria approves 37 new crude oil routes to combat theft and increase output
Nigeria’s upstream oil regulator has approved 37 new crude oil evacuation routes as part of a strategy to reduce theft, enhance oversight and boost production.
UN adviser urges Ghana to scale renewable energy deployment as oil markets become risky
At a briefing in Acca on July 23, representatives from the United Nations Global Compact and the Ocean Centres Initiative urged Ghana to do more to attract clean energy investment by reducing economic and regulatory risks.
Egypt’s natural gas use rises by 14% despite production decline
Egypt's Ministry of Petroleum and Mineral Resources has reported a 14% rise in natural gas consumption across various sectors so far in 2025 as energy demand soars.
Venezuela and Mozambique explore energy cooperation and party ties
The talks took place on the sidelines of the OPEC International Seminar, which convenes key global energy players.
Kenya to list state-owned pipeline firm KPC on NSE before September, president says
Kenya will list part of its shares in the Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange (NSE) by September, President William Ruto said on July 23.
Sonatrach and Sinopec sign framework agreement to develop Algeria’s hydrocarbon projects
Dangote says discounted Russian fuel threatens African refineries
Nigerian businessman Aliko Dangote has warned that heavily discounted Russian petroleum products are threatening Africa’s developing refining sector, accusing traders of flooding the continent with substandard and environmentally harmful fuel.
TotalEnergies announces start of production for two offshore projects in Angola
French supermajor TotalEnergies has announced the start of production from BEGONIA and CLOV Phase 3 projects offshore Angola. The projects connect to existing facilities, adding a total of 60,000 barrels per day (bpd) of production.
Tanzania set to finalise $42bn LNG deal within two weeks, says energy ministry
CanadaAfrOilAfrica EnergyAfrican M&A and Investments Review Tanzania is poised to conclude a landmark agreement within the next two weeks that will lay the legal and fiscal foundation for a $42bn liquefied natural gas (LNG) project in Lindi region.
UAE Dana Gas launches $100mn gas investments programme in Egypt
UAE-based energy company Dana Gas has launched a $100mn investment programme aimed at enhancing local gas production and expanding reserves.
Nigeria's Dangote set to increase capacity to 700,000 bpd
Nigeria’s 650,000 barrel per day (bpd) Dangote refinery is currently undergoing modifications to raise its capacity to 700,000 bpd, according to Punch.
Nigerian energy firm Oando to seek shareholder approval to raise $327mn
Oando Plc (Oando), a Nigerian multinational energy company, has announced a plan to raise about $327mn locally or on foreign capital markets.
Gulf Energy to acquire Tullow Oil’s Kenya assets in $120mn deal
Gulf Energy, through its Mauritius-based affiliate Auron Energy, has signed a sale and purchase agreement with Tullow Oil to acquire the British firm's entire stake in Kenya for a minimum cash consideration of $120mn.
Zambia inks deal for construction of a $1bn crude oil refinery
Refinery and cassava cultivation and processing deals Zambia's IDC signed with Chinese corporations amount to over $2bn.
Reconnaissance Energy Africa provides update on Kavango 1X exploration prospect in Namibia
Canadian oil and gas company Reconnaissance Energy Africa (ReconAfrica) has provided an operational update on the Kavango West 1X exploration prospect in Namibia.
Ghana’s GOIL defies oil market shocks with profit surge, urges fuel permit reforms
Ghana’s state-owned oil marketing giant GOIL PLC has posted robust financial gains in the first quarter of 2025, shrugging off market instability and persistent supply-chain bottlenecks to deliver a 12% year-on-year profit increase.
EU and UK sanction Dubai-based operator of Gabon and Comoros ship registries tied to Russian oil exports
Nigeria: Port Harcourt refinery suffering from funding shortfall, PETROAN says
The Petroleum Products Retail Outlets Owners Association of Nigeria’s (PETROAN) national public relations officer Joseph Obele revealed this week that Nigeria’s 210,000 barrel per day (bpd) Port Harcourt refinery was yet to resume operations.
Nigeria’s FIRST E&P signs MoU with Tanzania’s TPDC to explore Mnazi Bay North gas block
Nigeria among top five global gas flaring nations as volumes reach 20-year high
Nigeria recorded one of the largest increases in gas flaring in 2024, placing it among the top five global contributors, the World Bank’s Global Gas Flaring Tracker report shows.
US crude imports from Nigeria fall 12.7% y/y in first five months of 2025 but remain largest from Africa
The United States imported $1.34bn worth of Nigerian crude oil between January and May 2025, maintaining Nigeria’s position as its top African oil supplier despite a 12.7% year-on-year decline and new tariff-related trade tensions.
Nigeria’s BINL and Ondo government to develop $15bn refinery and trade zone
Backbone Infrastructure Nigeria Limited (BINL) and the Ondo State government have announced plans to develop a $15bn oil refinery and free trade zone in the Ilaje Local Government Area.
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