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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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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.
Angola's Azule Energy begins construction of Greater PAJ FPSO topsides
Construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel has officially begun, a milestone in the development of one of Angola's strategic offshore oil projects, Azule Energy said.
Oppenheimer Partners exits Ghana-focused Genser Energy after five-year investment
Genser Energy Investments has redeemed the entire shareholding held by OP Energy Holdings, completing Oppenheimer Partners' exit from the West African energy firm after a five-year investment.
Nigeria’s NNPCL to acquire 10% stake in Seplat offshore venture for $282mn
Nigeria’s state-owned oil company has agreed to acquire a 10% working interest in an offshore joint venture operated by domestic oil and gas company Seplat Energy (NGX:SEPLAT; LSE:SEPL) for about $281.6mn.
Nigerian firm Seplat Energy’s pre-tax profit nearly doubles to $575mn in H1
Nigerian independent oil and gas company Seplat Energy (NGX:SEPLAT; LSE:SEPL) reported a 96% increase in first-half profit before tax to $574.9mn, supported by higher realised oil prices, stronger production and lower finance costs.
Estimated cost of imported petrol rises in Nigeria rises above Dangote price
The estimated landed cost of imported petrol in Nigeria has risen above the Dangote Petroleum Refinery’s gantry price, industry data show.
NGO criticism of Perenco risks deterring energy investment in DRC, says AEC
NGO-led smear campaigns against independent hydrocarbon producer Perenco are threatening energy sector development in the Democratic Republic of the Congo.
Egypt confirms Damietta Port fire caused by drone strike
The Egyptian Cabinet announced on July 30 that initial investigations into the fire involving two natural gas vessels at Damietta Port confirmed it was caused by an incoming drone strike
Nigeria plans 24 new refineries, targets 2.6mn bpd by 2030
Nigeria’s planned refining capacity could rise to 2.64mn barrels per day by 2030 if 24 proposed new refineries backed by $10.74bn in investment are completed.
Kinetiko Energy raises $3.8mn to support South Africa gas development
Australia-listed Kinetiko Energy has secured commitments for an AUD5.4mn ($3.8mn) placement to fund drilling, permitting and development of its South African gas assets.
Nigeria loses 62,400 GWh of potential power to gas flaring in 2024-25
Nigeria lost an estimated 62,400 GWh of potential electricity generation to gas flaring in 2024 and 2025, an increase of 18.6% from 50,800 GWh in the preceding two-year period, despite Federal Government penalties and measures to curb the practice
Dubai-based Dragon Oil and international firms to bid for BP’s West Nile Delta Egypt gas assets
Dubai-based Dragon Oil, alongside Carlyle Group (NASDAQ:CG), Energean (LSE:ENOG), and Artemis Energy, is preparing to submit bids shortly to acquire British energy major BP’s (LSE:BP) natural gas assets in the West Nile Delta offshore Egypt
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