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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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Egyptian Khalda Petroleum to bring two new wells into production in June
Egyptian oil firm Khalda Petroleum plans to bring two new oil wells into production in June 2025, with a combined initial output from of around 5,400 bpd.
Nigeria's Oando shares rise 40% after strong earnings and $375mn funding boost
Shares in Oando Plc, a Nigerian multinational energy company, surged by nearly 40% on the NGX after the release of strong 2024 financial results and the announcement of a major reserve-based loan facility.
Nigeria’s petrol import bill falls 54% in 1Q25 as Dangote refinery increases output
Nigeria’s petrol import bill fell to NGN1.76 trillion ($1.4bn) in the first quarter of 2025, representing a 54% year-on-year decline, as domestic refining increased following ramped-up output from the Dangote Petroleum Refinery.
Nigeria’s NNPCL targets four major investment decisions by end of 2025
The Nigerian National Petroleum Company Ltd aims to conclude four major final investment decisions by the end of 2025, according to its recently released April Limited Monthly Report Summary.
Dangote signals major overhaul of Nigeria's downstream oil sector
Aliko Dangote, President of Dangote Group, has announced plans for a significant reform of Nigeria’s downstream oil sector following a visit by President Bola Tinubu to the Dangote Petroleum Refinery in Lagos.
Kenya’s energy sector stakeholders urges policy stability amid fuel supply strains
Kenya’s energy and oil industry stakeholders have called on the government to introduce consistent policies and strengthen supply chain reliability to safeguard recent progress in fuel availability and price stability.
Falling oil prices delay Nigeria’s $5bn Aramco loan deal
Negotiations between the Nigerian government and Saudi Arabian state energy firm Aramco over a proposed $5bn oil-backed loan have slowed substantially, as declining global crude oil prices raise concerns among potential financiers.
Expro deploys TRS technology to enhance Eni’s drilling operations offshore Côte d'Ivoire
Expro, a global provider of energy services to oil and gas exploration and production companies, has deployed its pioneering iTONG system for the first time in Sub-Saharan Africa offshore Côte d'Ivoire.
Dangote announces ‘shakeup’ of Nigerian downstream sector
CEO of Dangote Group Aliko Dangote has revealed that Nigeria’s downstream sector is set to face a “shakeup” in the coming months.
South Africa needs clear strategy to avert gas supply crisis, industrial users say
South African Parliament’s Portfolio Committee on Electricity and Energy has discussed measures to address critical gas sector infrastructure, policy and pricing developments with government energy departments and intensive industrial gas users.
Kenya eyes first oil exports in 2026 as Gulf Energy nears Tullow deal
Kenya aims to begin commercial crude oil production and exports next year, Energy and Petroleum Cabinet Secretary Opiyo Wandayi said on June 9, signalling renewed momentum in a long-delayed project in the country’s north.
Ghana’s new fuel tax sparks opposition backlash amidst energy crisis reforms
Ghana’s opposition lawmakers have called on the government to immediately withdraw a controversial new GHS1 ($0.10) fuel levy, warning that it will worsen economic burdens and undermine public trust.
NGX targets Dangote Petrochemicals, NNPCL listings to support $1 trillion GDP goal
The Nigerian Exchange (NGX) plans to list Dangote Petrochemicals and the Nigerian National Petroleum Company Ltd in 2025 as part of efforts to expand market capitalisation and contribute to the federal government’s $1 trillion GDP target by 2030.
IEA report highlights challenges and opportunities for energy investments in Africa
Africa is encountering fresh challenges and opportunities as the nature and origin of investment flows into the continent continue to change.
BLOG: Is the high risk of Mozambique LNG worth the potential for high reward?
Major LNG projects are typically characterised by obstacles, challenges and delays, and even once the project does get the green light, more likely than not it will still suffer a few setbacks.
Ghana’s fuel levy draws international attention amid mounting energy debt crisis
Ghana’s former energy minister has defended the government’s new GHS1 ($0.10) fuel levy, describing it as a necessary intervention to tackle the country’s worsening energy sector debt and systemic under-recovery in electricity costs.
SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng to GEPetrol
SBM Offshore is exiting Equatorial Guinea after signing an agreement to sell its entire stake in the FPSO Aseng vessel to the state-owned oil company GEPetrol.
Uganda begins construction of Hoima Inland Terminal
Threeways Shipping Services Ltd. (TSS) – a subsidiary of logistics company Bro-Group – has begun construction of a new inland terminal, marking a significant investment in Ugandan oil and gas infrastructure.
Mozambican civil society group Justica Ambiental sues South Korean banks over $1.9bn funding for a proposed gas project in African nation
The Mozambican civil society group Justica Ambiental and three South Korean individuals have filed a lawsuit seeking to block funding for a $7.2bn gas project in the southern African nation.
Ghana strikes $2bn oil deal with global energy firms to extend Jubilee, TEN production to 2040
Ghana has reached an agreement with international oil companies to extend licences for its flagship offshore oil fields to 2040, unlocking up to $2bn in fresh investments aimed at boosting energy output and long-term economic growth.
Russia ratifies pipeline agreement with Republic of the Congo to expand energy ties
The Federation Council of Russia has ratified an agreement with the Republic of the Congo to construct a petroleum products pipeline.
Nigeria’s Oando reports $139mn profit in 2024, up 267%
Nigeria’s Oando reported a profit-after-tax of NGN220bn ($139mn) for the full year 2024, representing a 267% increase compared to the previous year, according to its published audited results.
$5bn Uganda–Tanzania crude oil pipeline (EACOP) project now 60% finished
The $5bn East African Crude Oil Pipeline (EACOP), a controversial flagship infrastructure project stretching 1,443 kilometres from Hoima, Uganda to Tanga port in Tanzania, is 60% completed.
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