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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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Renaissance Africa to double gas output with $15bn Niger Delta investment
Renaissance Africa to double gas output with $15bn Niger Delta investment #bna #afroil #nigeria
Independent explorer Panoro Energy announces Q1 2025 operational and financial results
London-based Panoro Energy, an independent Africa-focused exploration and production company, has announced its operational and financial results for Q1 2025.
Russia to build fuel pipeline in Republic of Congo
Russia’s Cabinet of Ministers has submitted to parliament for ratification a deal with Congo to construct a petroleum products pipeline there aimed at strengthening regional energy infrastructure and facilitating bilateral trade in refined oil.
Egyptian government applies new petroleum profit-sharing agreements
The Egyptian government has approved implementing the R-Factor profit-sharing system in certain petroleum agreements with specific terms for each region.
US court dismisses $58mn lawsuit by Forstech Technical Nigeria against Shell
The US District Court for the Southern District of New York has dismissed a $58mn lawsuit against the Shell Petroleum Development Company of Nigeria (SPDC).
Tullow restarts drilling in Ghana’s Jubilee Field in major boost for West African oil sector
Tullow Ghana and its partners have restarted drilling operations in the country’s flagship Jubilee Field, signalling renewed investment and confidence in one of West Africa’s most strategic oil assets.
Ghana clears bulk of $75mn gas debt to Nigeria amid regional energy tensions
Ghana has reportedly nearly paid off its $75mn debt to Nigeria for gas supplies, settling roughly 90% of arrears owed to N-Gas, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL).
Egypt Gas records 41.3% y/y hike in net profit to $3.9mn in Q1 2025
Egyptian energy firm Egypt Gas (EGAS) recorded a 41.3% year-on-year (y/y) hike in the company’s net profit to EGP196.368mn ($3.93mn) in Q1 2025, it said in a bourse filing on May 21.
NNPCL inspects Nigerian Port Harcourt and Kaduna refineries
The Nigerian National Petroleum Co. Ltd’s leadership has conducted an inspection visit to the 110,000 bpd Kaduna refinery and 210,000 bpd Port Harcourt refinery as part of efforts to ensure they are running effectively.
Kenya targets $1.12bn in oil block investments by 2027 under new energy strategy
Kenya’s Ministry of Energy and Petroleum has launched a KES 2.5 trillion ($19.32bn) strategic plan for 2023–2027, aiming to attract KES 145.3bn ($1.12bn) in petroleum exploration block investments by the end of that period.
Shares of South African helium, LNG producer Renergen surge on news of acquisition offer
Renergen, South Africa’s first integrated producer of liquefied helium and liquefied natural gas (LNG) saw its share price surging by more than 78% on May 20, following an announcement of its potential acquisition by ASP Isotopes.
Nigeria’s Dangote refinery set to receive 272,000 tonnes of international crude
Nigeria’s 640,000 barrel per day Dangote refinery received 146,000 tonnes of crude oil from the international market from the tanker Hercules this week, with another tanker – Sienna – set to follow soon afterwards.
TotalEnergies to request lifting of force majeure for Mozambique LNG
French supermajor TotalEnergies’ CEO Patrick Pouyanne will ask Maputo to lift force majeure on its stalled Mozambique LNG project.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
Nigerian president approves key licences for Kolmani oil project in northern states
Nigerian President Bola Tinubu has approved the issuance of key regulatory licences for the Kolmani Integrated Development Project, a major oil exploration initiative located between the northern states of Bauchi and Gombe.
Ghana averts energy crisis with crude oil shipment amid international scrutiny
Ghana has begun offloading a shipment of 450,000 barrels of light crude oil to stabilise its fuel reserves, following government warnings last week that the country had just 2.6 days’ worth of fuel left for power generation.
NYSE-listed Halliburton, Rhino Resources deliver first wells in offshore Namibian oilfield
Shell reports 122% rise in major oil spills in Nigeria in 2024
Shell Petroleum Development Company of Nigeria Limited (SPDC), the Nigerian subsidiary of Shell Plc, recorded a 122% year-on-year increase in major oil spills in 2024, primarily due to equipment failures and crude oil theft #bna #nigeria #afroil
Nigerian Navy recovers 773,000 litres of stolen crude oil in anti-theft campaign
The Nigerian Navy has recovered 773,000 litres of stolen crude oil and dismantled 468 illegal refinery sites as part of its 2024 Operation Delta Sanity initiative, aimed at curbing oil theft and mitigating environmental damage #bna #nigeria #afroil
Iraq rediscovers its forgotten Somalian refinery after 45 years
An Iraqi oil refinery built in Somalia in the 1970s has remained abandoned for nearly 45 years, before re-emerging into public awareness during recent diplomatic talks.
South Africa’s new National Petroleum Co. to synergise energy, fuel supply security via mergers
South Africa’s Central Energy Fund (CEF) has transferred assets and funds to the National Petroleum Company (SANPC), intending to unlock $83mn to $166mn worth of synergies from the merger of three state-owned petroleum products companies.
Kenya allocates $12.90mn to revive stalled Turkana oil project
Kenya has more than doubled its funding for the long-delayed Turkana oil project, allocating KES 1.67bn ($12.90mn) in the 2025/26 fiscal year to accelerate preparatory work for commercial production.
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