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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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Kuwait Petroleum to start gas production from Alexandria's West Mina field in Q4 2026
Kuwait Petroleum Corporation (KPC) announced it would invest in a major gas exploration project within the West Mina offshore area near the Egyptian coastal city of Alexandria,
Vaalco Energy resumes production at Côte d'Ivoire's Baobab oil field after FPSO overhaul
Production at the CI-40 block was suspended in January 2025 to allow a full overhaul of the FPSO Baobab Ivoirien at shipyards in Dubai.
Moody's completes periodic review of Nigerian independent oil and gas producer Seplat Energy
Seplat's current B2 rating reflects its position a leading upstream energy company, supported by a portfolio of long-dated oil and gas licences that provide visibility over future production and cash flow generation
Libya's NOC signs unified operating agreement for Murzuq Basin oil field
Libya's state-run energy utility, the National Oil Corporation (NOC), has signed a unified operating agreement for the I/R field within the concession areas NC 115 and NC 186 in the Murzuq Basin
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
QatarEnergy reports fourth oil discovery in prolific Orange Basin offshore Namibia
QatarEnergy has discovered oil in an offshore field in Namibia following the successful drilling of the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 39).
Rising oil prices could lift Ghana’s petroleum revenues to $1.5bn, minister says
Ghana expects petroleum revenues to surge to about $1.5bn in 2026, well above the $985mn projected in the national budget, according to Finance Minister Cassiel Ato Forson.
Nigeria’s NUPRC sets June 12 deadline for 2025 oil block bids
Nigeria’s 2025 Licensing Round offered 50 oil and gas blocks, comprising 15 onshore blocks, 19 shallow-water blocks, 15 frontier blocks and one deep-water block.
Impact Oil & Gas restructuring positive development for Africa’s upstream sector, says AEC
Angolan tax incentives surge to 1,517% over six years, 90% concentrated in non-oil sector
Angola’s fiscal incentives increased more than 16-fold between 2018 and 2024, reaching 2.98 trillion kwanzas ($3.3bn), as the crude producer expanded its use of tax exemptions to support investment and economic activity.
More than 240,000 barrels of oil spilled annually in Niger Delta, civic group says
Civil society organisation We The People has called for urgent government action to address the environmental and public health consequences of oil and gas operations in Nigeria’s Niger Delta
Nigeria’s oil revenue slump deepens fiscal pressure
Nigeria’s oil and gas revenues fell sharply below target in the first nine months of FY25, raising concerns over the government’s ability to fund spending as weaker prices, crude theft and production challenges weighed on public finances
ReconAfrica begins production testing at Namibia's Kavango discovery
Reconnaissance Energy Africa (TSXV: RECO; OTCQX: RECAF) and its partners have commenced production testing operations at the Kavango West 1X well in Namibia, it said in a release on June 8.
Cameroon’s SCDP to nearly double LPG loading capacity at Bonabéri terminal
Cameroon’s state-owned petroleum storage company Société Camerounaise des Dépôts Pétroliers (SCDP) plans to nearly double loading capacity at its Bonabéri liquefied petroleum gas (LPG) terminal in Douala
Technip Energies wins €1bn Coral Norte FLNG contract in Mozambique in partnership with JGC, Samsung
Technip Energies (EPA: TE) has secured a contract worth more than $1.15bn for the Coral Norte floating LNG project offshore Mozambique, a major step in the development of one of Africa's largest gas provinces.
Mozambique urges local firms to seize $5bn procurement opportunities in gas, energy sectors
Mozambique’s gas industry is expected to procure goods and services worth around $5bn, presenting a major opportunity for domestic companies to expand their role in the country's economy.
Nigeria’s integrated energy firm Heirs Energies wins EMEA award for $750mn financing deal
Nigeria’s Heirs Energies Limited, one of Africa’s leading indigenous-owned integrated energy companies, has been recognised on the global stage at the EMEA Finance Project Finance Awards 2026.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
Algeria, Nigeria and Niger launch construction on Trans-Saharan Gas Pipeline
Algeria, Nigeria and Niger have launched construction on the Algerian section of the Trans-Saharan Gas Pipeline, advancing a long-delayed project designed to transport up to 30bn cubic metres of Nigerian gas
Cameroon advances Kribi hydrocarbon terminal to boost fuel security and storage
Cameroon has secured presidential approval for financing a major hydrocarbon terminal at the deep-water port of Kribi, aims to nearly double the country's petroleum-storage capacity and significantly expand LPG reserves.
South Africa’s Eskom and Zululand Energy Terminal sign HOA to advance gas-to-power programme
South Africa’s state-owned power utility Eskom and Zululand Energy Terminal have signed a Heads of Agreement establishing the framework for a long-term strategic partnership to support South Africa’s gas-to-power programme.
Libyan crude exports fall to 19-month low amid infrastructure strain
Libya’s seaborne crude oil exports fell by more than 11% month-on-month (m/m) in May 2026, dropping to their lowest level in 19 months
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