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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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Tullow raises 2026 cash-flow forecast on stronger Ghana production
Tullow Oil (LSE:TLW; GSE:TLW) has raised its full-year free-cash-flow forecast to $170mn-$250mn from $70mn-$175mn after stronger production from its Ghanaian fields, higher realised oil prices and progress in recovering government receivables.
Vaalco targets higher Gabon output after new Etame wells
Vaalco Energy (NYSE:EGY; LSE:EGY) is advancing a drilling campaign at its Etame Marin oilfield offshore Gabon after three new development wells delivered combined initial gross production of more than 14,850 bpd.
Egypt and Iraq discuss strategic oil pipeline via Jordan to Red Sea
Egypt and Iraq have held high-level bilateral discussions focused on a major strategic oil pipeline project running from Iraq to Jordan’s port of Aqaba and onwards to the Red Sea coast
Hindustan Petroleum buys 2mn barrels of Nigerian crude for Rajasthan refinery
India’s Hindustan Petroleum Corporation Limited has bought 2mn barrels of Nigerian Utapate and Okwuibome crude for delivery in late September.
Nigeria’s Seplat Energy 1H26 profit jumps 498% to $164mn as NNPCL deal boosts payouts
Nigeria’s Seplat Energy Plc (LSE: SEPL; NGX: SEPLAT) saw profit after tax surge 498% year on year to $164mn in 1H26, supported by higher crude oil prices, increased production and improved operating performance
Nigeria approves proposed $4.5bn Project Gazelle refinancing
Nigeria has approved a proposed $4.5bn refinancing of Project Gazelle that could repay $1.5bn in outstanding debt, unlock $3bn in fresh liquidity and reduce pledged crude volumes by 12.5%.
Mozambique’s government probes renewed fuel shortages after weeks of stable supplies
Mozambique is investigating the causes of fuel shortages that have resurfaced in several parts of the country, after weeks of relatively stable supplies following a disruption earlier this year.
Uganda gains veto rights over Kenya Pipeline CEO as strategic stake reshapes governance
Uganda has secured veto powers over the appointment and removal of the chief executive of Kenya Pipeline Company (NSE:KPC) after acquiring a strategic minority stake that also gives it two seats on the company's board
Ghana rolls out one of West Africa's toughest methane rules for oil and gas
Ghana has published a sweeping new set of technical rules to monitor and curb methane leaks from its oil and gas industry, in what regulators and climate groups are calling one of the most comprehensive frameworks of its kind in West Africa.
Libyan oil revenues drop 31% in July amid slump in global prices
Libyan oil revenues fell by nearly 31% month-on-month (m/m) in July 2026, driven down by lower global crude prices despite a significant expansion in export volumes
Nigeria’s NCDMB, BOI launch $100mn oil and gas equity fund
Nigeria’s Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry (BOI) have established a $100mn equity investment scheme to provide long-term capital to indigenous companies operating across the oil and gas value chain.
Ghana explores cedi-for-crude plan to ease foreign exchange pressure
Ghana is considering allowing domestic refineries to pay for locally produced crude oil in cedis rather than US dollars as part of efforts to reduce pressure on the foreign-exchange market.
Tullow seeks rig for 10-well campaign at Ghana’s Jubilee oilfield
Tullow Oil (LSE/GSE:TLW) is seeking a deepwater rig for a 10-well drilling campaign expected to begin at Ghana’s Jubilee oilfield in 2027. The programme is expected to continue into 2028
Tanzania’s Taifa Gas nears completion of $124mn Mombasa LPG terminal
Taifa Gas is conducting final safety tests at its liquefied petroleum gas (LPG) import and storage terminal in Mombasa ahead of planned commissioning within three months.
Indonesia pivots crude imports toward African suppliers
Indonesia is diversifying its crude oil procurement to safeguard national strategic reserves
Nigeria’s Oando narrows H1 pre-tax loss 77% to $24.1mn
Nigeria’s Oando Plc (NGX: OANDO) narrowed its pre-tax loss for the first half of 2026 by 77% year on year to NGN32.84bn ($24.1mn), as higher revenue, stronger gross profit and a second-quarter recovery offset elevated finance costs.
Mauritius’ Beta Oil to replace Engen brand across 37-station network
Beta Oil Terminal Ltd will unveil a new brand identity later this month, permanently replacing the Engen name across Mauritius as the company completes the final stage of its acquisition of Engen Petroleum (Mauritius), Defi Media wrote on August 3.
Malawi cuts diesel, kerosene prices as global fuel costs ease
Malawi has reduced diesel and kerosene pump prices following a decline in international fuel prices, despite continued volatility in global energy markets linked to the Middle East conflict, the Malawi Energy Regulatory Authority (MERA) said.
Potential fuel price hikes could push Egypt's inflation to at least 16%, say CI Capital:
Mozambique LNG project 45% complete, remains on course for 2029 start-up
TotalEnergies’ Mozambique LNG project is almost 45% complete and remains on track to begin production from its first liquefaction train in 2029.
Nigeria's NNPCL profit rises 15.8% in June as crude production dips
Nigeria's National Petroleum Company Limited (NNPCL) recorded a 15.8% month-on-month rise in profit after tax to $393mn in June, even as crude oil and condensate production slipped to 1.72mn bpd.
Ghana targets doubling capacity at Tema Oil Refinery to 100,000 bpd
President John Dramani Mahama has ordered his energy minister to draw up plans to more than double the capacity of the state-owned Tema Oil Refinery (TOR).
Nigerian energy group Aradel posts $548mn H1 pre-tax profit after acquisitions
Nigeria’s Aradel Holdings (NGX:ARADEL) reported a nearly fourfold increase in first-half pre-tax profit after acquisitions sharply expanded the energy group’s oil and gas production and consolidated revenue.
Nigeria’s Senate summons NNPCL, CBN and oil companies over NEITI audits
Nigeria’s Senate has summoned the Nigerian National Petroleum Company Limited (NNPCL), the central bank, regulators and more than 60 public bodies and oil companies for hearings into revenues, remittances and other issues.
Angola's Q2 oil export earnings jump 55% to $9bn on higher crude prices
Angola's oil export earnings rose 54.7% year-on-year to $8.91bn in the second quarter of 2026, driven by stronger international crude prices and higher export volumes, Lusa reported on July 30, citing government data.
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