oil_drop.jpg
Looking for more AfrOil articles? Or would you like to find out more about the publication? Keep reading.
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.
AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.
Want to try it out?
The majority of our premium content is ONLY available to our subscribers.
If you would like to try AfrOil we can offer you a, no obligation, free trial, giving you a chance to get to know the publication and get hooked on the quality content. No credit card required. Simply fill in the form at the bottom of this page and we will send you your first copy of AfrOil
Need more convincing?
- Check out our client testimonial
- Find out more about subscribing to AfrOil
- Read a recent issue cover to cover (click the image below)
Ghana Gas shifts profits into infrastructure as expansion drive accelerates
Ghana Gas Company plans to reinvest earnings in infrastructure and expansion after improving profitability, as the state-owned gas company seeks to strengthen the reliability of fuel supplies to power plants and industry.
Libya signs production-sharing deal with Chevron for Sirte basin
Libya’s Tripoli-based Government of National Unity (GNU) has signed a production-sharing agreement with US energy major Chevron (NYSE:CVX) to develop the country’s oil and gas resources
Nigeria regulator lists 19 upstream licences with 2026 expiry dates
An August concession report from Nigeria’s upstream petroleum regulator lists 19 licences with stated expiry dates in 2026, although the dates do not by themselves mean the concessions have been revoked or cancelled.
Nigeria’s mature oil fields decline despite recent output recovery
Nigeria’s increased drilling activity has failed to deliver a sustained rise in crude output, as ageing fields, slow project development and investment constraints continue to weigh on production.
ExxonMobil earmarks $4bn for local content under Mozambique LNG project
ExxonMobil (NYSE: XOM) has earmarked about $4bn for local content under its Rovuma LNG project in northern Mozambique, raising expectations among domestic businesses as the US energy major moves closer to implementing the long-delayed gas project.
Egyptian president El-Sisi directs incentives for foreign oil and gas partners
Egyptian President Abdel Fattah El-Sisi has instructed the government to provide targeted incentives for foreign oil and gas partners to accelerate exploration, field development, and production rates in Egypt
Equinor targets 27% rise in production outside Norway by 2030, led by US, Brazil, Angola
Equinor is targeting equity oil and gas production outside Norway of 950,000 boed by 2030, up about 27% from 750,000 boed in Q2 2026, as it concentrates investment in a smaller portfolio led by the US, Brazil and Angola.
Shell-led Bonga South West-Aparo advances toward FID in Nigeria
Nigeria’s long-delayed Bonga South West-Aparo deepwater oil project has moved closer to a final investment decision after state oil company NNPCL and its partners executed contractual amendments implementing new fiscal and commercial terms.
Tanzania advances first small-scale LNG project
The agreement is a key step towards a final investment decision (FID), with commercial operations targeted for 2027.
South Africa’s Efora Energy faces liquidation application from Seodi Coal
South African oil and gas company Efora Energy (JSE: EEL) is opposing a liquidation application brought by privately held coal supplier Seodi Coal, adding to uncertainty around the company as it pursues a potential recapitalisation.
Tower Resources advances Namibia and Cameroon farm-outs, raises bridge funding
Tower Resources (AIM: TRP) has moved closer to completing farm-out transactions with Pakistan-based upstream company Prime Global Energies, with its Namibia deal awaiting final ministerial execution of assignment documents and its Cameroon approvals.
Brazil’s Petrobras targets four offshore blocks in Ghana
Petrobras has entered direct negotiations for exploration contracts covering four offshore blocks in Ghana’s Keta Basin after the country’s Ministry of Energy and Green Transition approved its application.
Mozambique’s gas sector development shifts from potential to project delivery, says AEC
Mozambique’s gas sector is entering a new phase as major LNG projects restart or move towards investment decisions, while the government seeks to use domestic gas supplies to expand electricity access and support industrial development.
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.
Follow us online