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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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Egypt plans LNG imports worth up to $3bn ahead of summer demand
Egypt’s Ministry of Petroleum and Mineral Resources is currently studying a plan to import around 45 liquefied natural gas (LNG) cargoes at an estimated cost of between $2.5bn and $3bn.
Libya begins towing damaged Russian LNG tanker off its coast
Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March
Apache discovers new gas field in Egypt’s Western Desert
Egypt has announced a new natural gas discovery in the Western Desert, as US energy major Apache (NASDAQ: APA), in partnership with the Egyptian General Petroleum Corporation (EGPC), expands its exploration activities in the country.
Ukraine keen to buy LNG from Mozambique, both countries' presidents agree to maintain regular contact
Ukraine is scouting for alternative sources of gas following the disruption of supplies over the past month due to the armed conflict between Israel and Iran.
Nigeria’s oil and gas stocks lead equities rally in 2026
Nigeria’s oil and gas stocks have led gains on the local bourse, lifting the NGX Oil & Gas Index by 60.83% year to date as of March 18 and making it the best-performing sector in a broader equities rally,
Nigeria posts crude oil and condensate output shortfall of 16.6mn barrels in January-February
Nigeria produced about 16.6mn fewer barrels of crude and condensate than budgeted in January–February 2026, equivalent to roughly $1.8bn at current prices
Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst
The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.
Egypt moves to fully clear $1.3bn dues to oil partners by end-June 2026
The Egyptian government is doubling its efforts to settle outstanding payments to foreign oil and gas partners to restore investor confidence and support production growth. It moves to fully clear $1.3bn dues to oil partners by end-June 2026
Italy’s PM Meloni heads to Algeria to secure gas supplies amid Qatar disruptions
Italian PM Giorgia Meloni is set to visit Algeria on March 25 as the European country seeks to secure alternative gas supplies following disruptions to imports from Qatar
Libya’s El Feel oilfield halted as pipeline diverted after Sharara fire
Libya’s El Feel oilfield has been shut down since March 19 after its pipeline was repurposed to transport crude from the Sharara field following fire damage.
BP and Arcius Energy to drill four new gas wells in Egypt’s Mediterranean
UK energy major BP and Arcius Energy are preparing to drill four new gas wells offshore Egypt as part of a broader push to expand exploration activity in the Mediterranean.
Iran war drives Egypt’s energy bill higher amid surging import costs
Egypt faces mounting pressure from an annual energy bill approaching $20bn, as global geopolitical tensions driven by the US-Israeli strikes on Iran and domestic production challenges complicate efforts to secure sustainable energy supplies
Libya to tow damaged Russian shadow fleet LNG carrier to port
The vessel was struck by Ukrainian sea drones.
Nigeria steps up $20bn gas pipeline push to supply Europe
Nigeria is intensifying talks on a proposed $20bn gas pipeline to Europe, aiming to deliver up to 30bn cubic metres of gas annually and strengthen both its economy and European energy security
Nigeria’s Dangote refinery exports 456,000 tonnes of fuel across Africa
Nigeria’s Dangote refinery has exported 456,000 tonnes of fuel to five African countries, signalling a shift in regional supply dynamics amid rising demand and global disruptions.
Egypt among most ill-equipped to withstand Iran war energy shock long term
Egypt is among the least equipped to absorb a long-term oil shock owing to weak macro buffers, leaving it highly sensitive to rising import costs, FX pressure, and fiscal strain.
Corcel well-funded for oil drilling in Angola following $4.8mn fund raise
Corcel Plc (AIM: CRCL), an Angola-Brazil-focused energy company, has raised $4.8mn which it will use to advance into the planning and preparation phase for drilling its first pre and post-salt exploration well at its KON-16 project in Angola.
Refined oil products caught in Iran war energy shock maelstrom
The sharp rise in refined oil product prices is intensifying the economic fallout from the latest energy shock, compounding the effects of disrupted crude flows and tightening supply chains.
Namibia's Nasan Energies gets regulatory approval to acquire 52 fuel stations from Vivo Energy
Namibia’s Nasan Energies (Nasan) has received regulatory approval to acquire 52 Shell and Engen-branded fuel service stations in the country from Vivo Energy plc's (LSE:VVO) local subsidiary.
UN experts oppose African Development Bank's $150mn loan to gas project in restive Mozambican region
A team of UN experts has expressed concern over a recent decision by the African Development Bank (AfDB) to grant a $150mn loan to support the construction of a liquefied natural gas (LNG) project in Mozambique.
Angola's Cabinda oil refinery construction complete, undergoing final technical testing before start-up
Construction of Angola’s second oil refinery is complete, with its commissioning expected within days.
Arcius Energy plans to drill two Mediterranean gas wells in Egypt
Arcius Energy is set to begin drilling two new gas exploration wells in Egypt’s Mediterranean waters as part of a broader campaign to expand upstream activity
Europe shifts to African LNG amid Middle East, Russia disruptions as Nigeria, Senegal boost supply
Mozambique Energy Chamber withdraws from London Africa Energies Summit
The Mozambique Energy Chamber (MEC) has announced that its members will withdraw from attending the Africa Energies Summit hosted by Frontier Energy Network in London on May 12 – 14.
Dangote and marketers partner to expand Nigeria fuel supply network
Dangote Petroleum Refinery has partnered with major fuel marketers to expand Nigeria’s fuel distribution network and reduce supply risks associated with reliance on a single producer
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