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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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Ghana’s Jubilee Oil output hits 2026 high as field rebounds
Ghana’s flagship Jubilee Field lifted crude production to its highest level of 2026 in June, offering a boost to the country’s efforts to stabilise output from its maturing offshore oil industry.
South Africa offshore block could hold 4.5 Tcf of gas, Eco and Navitas say
Eco (Atlantic) Oil & Gas and Navitas Petroleum estimate that Block 1 CBK offshore South Africa could contain about 4.5 trillion cubic feet of unrisked prospective gas resources, alongside prospective resources exceeding 3.6bn barrels.
Ghana's PETROSOL lists $9mn debut bond after 78% oversubscription
Ghana's PETROSOL Platinum Energy PLC, an indigenous oil marketing company, listed its maiden corporate bond on the GSE's Ghana Fixed Income Market (GFIM) on August 24 after a bookbuild that closed 178% subscribed.
Uganda first oil target delayed as Middle East conflict disrupts equipment shipments
Uganda missed its July 2026 first oil target and has yet to set a new one owing to the continued delay of equipment for the Tilenga and Kingfisher oil projects.
CB&I lands Côte d’Ivoire FPSO contract in $50mn-$100mn value band
Privately held energy services company CB&I has secured a three-year FPSO operations contract in Côte d’Ivoire that the company classifies within its $50mn-$100mn value band.
Nigeria's NUPRC warns 31 oil block winners over signature bonus deadline
Nigeria’s upstream regulator has warned 31 companies awarded 37 oil and gas blocks in the 2025 Licensing Round to pay their required signature bonuses on time or risk losing their provisional awards to reserve bidders
Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Esso brings drillship to Nigeria's Usan for $1bn infill campaign
Esso Exploration and Production Nigeria (Offshore East) Limited is preparing to begin drilling at the Usan Infill Project after the Noble Gerry de Souza ultra-deepwater drillship arrived in Nigerian waters
Galp, partners weighs further Namibia investment as Mopane appraisal advances
Portuguese energy group Galp says the next exploration and appraisal programme at Namibia’s Mopane oil discovery could cost about $811mn, as it and TotalEnergies work towards a potential final investment decision (FID) in 2028.
Petrobras targets four Ghana blocks as Africa exploration push widens
Brazilian state-controlled oil major Petrobras (B3: PETR3; NYSE: PBR) has entered negotiations with Ghana over four offshore exploration blocks in the Keta Basin as it expands its African oil strategy.
Indian Oil signs five-year fuel supply deal with Mauritius
Indian Oil Corporation (IOC) has signed a five-year agreement with Mauritius’ State Trading Corporation (STC) to supply the country’s entire import requirement of motor spirit, high-speed diesel and aviation turbine fuel.
Egypt eyes strategic drilling partnership with ADNOC Drilling
Egypt’s Ministry of Petroleum and Mineral Resources is exploring strategic partnerships with UAE-based energy services company ADNOC Drilling (ADX:ADNOCDRILL) to execute an expanded onshore and offshore drilling programme across the country
Mozambique’s Rovuma LNG selects Corinth Pipeworks for offshore contract
ExxonMobil and its partners have chosen Corinth Pipeworks to supply line pipe for Phase One of its Rovuma LNG project in northern Mozambique.
Reatile to take minority stake in Shell Downstream South Africa after ADNOC takeover
ADNOC Distribution agreed in July to acquire 100% of Shell Downstream South Africa from Shell (LSE/NYSE: SHEL) at an implied enterprise value of about $1bn, before adjustments for net debt and working capital.
Sintana agrees $6.5mn deal for indirect 35% stake in Namibia’s PEL 37
Sintana will acquire 44% of Maravilla, a Namibian company that owns 80% of Paragon Oil & Gas. Paragon in turn owns and operates 100% of PEL 37, which covers 17,295 square kilometres offshore Namibia.
Nigeria says deepwater tax overhaul targets $50bn investment, with potential to add 1mn bpd
Nigeria’s new tax incentives for deep offshore oil and gas projects could unlock as much as $50bn in investment and add almost 1mn bpd) of crude oil and condensate production within four to five years, according to the upstream regulator.
ASP Isotopes begins commissioning South African helium plant ahead of September shipments
ASP Isotopes (Nasdaq: ASPI; JSE: ISO) has begun commissioning the liquid-helium facility at its Virginia Gas Project in South Africa’s Free State province, with the first commercial shipments expected in September.
Ghana petroleum regulator says scrutiny has delivered $2.2bn in savings and potential gains
Ghana’s upstream petroleum regulator says tighter scrutiny of oilfield development and costs has delivered about $2.2bn in savings and potential gains.
African independent oil and gas companies expand upstream role as IOCs divest assets
African independent oil and gas companies are expanding their role in the continent’s upstream sector as international oil companies sell mature assets and local operators take on larger production portfolios.
Niger seeks US investment in oil and gas sector
Niger is seeking US capital, technology and training partnerships for its oil and gas industry as Niamey broadens its foreign economic ties following the 2023 military coup
ExxonMobil unit deploys rig for $1bn Nigeria Usan infill project
ExxonMobil affiliate Esso has deployed the Noble Gerry de Souza drillship for the $1bn Usan infill project, targeting up to 40,000 bpd of additional Nigerian oil production.
DNO sells Côte d’Ivoire oil and gas business to Panoro for $86.5mn
Norwegian oil and gas producer DNO ASA (OSE: DNO) has agreed to sell its Côte d’Ivoire business to Panoro Energy ASA (OSE: PEN) for total consideration of $86.5mn as it concentrates its portfolio around its expanded North Sea operations.
Africa-focused Panoro Energy declares $4.9mn cash distribution with production at record high
Panoro Energy (OSE: PEN) has declared a NOK50mn ($4.9mn) cash distribution to shareholders after reporting record production levels and continued expansion of its African oil and gas portfolio.
Tanzania development bank expands financing push for renewable energy projects
TIB Development Bank is preparing to increase financing for energy projects in Tanzania, including solar, wind and hydropower, as the state-owned lender seeks to advance the country’s Dira 2050 development agenda.
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