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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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Nigeria’s crude output falls to 1.31mn bpd in February
Nigeria’s crude oil production fell to 1.31mn barrels per day (bpd) in February, leaving the country roughly 190,000bpd below its Organisation of the Petroleum Exporting Countries (Opec) quota as global oil prices rise.
Assala Energy reports hydrocarbon discovery offshore Gabon
Assala Energy has reported a hydrocarbon discovery at the Magoga-A exploration well in the Mutamba Iroru Licence II offshore Gabon, encountering around 8m of hydrocarbon-bearing pay in the Gamba Sandstone formation.
Zambia to partner private sector to build two pipelines to move oil, gas from Tanzania and Namibia
Zambia’s government has approved the development of two new pipelines to move oil and gas from ports in neighbouring Tanzania and Namibia.
Chevron sells stakes in two Angolan oil blocks to Energean for $260mn
Energean (LSE: ENOG), a London-based oil and gas company, has signed an agreement to acquire Chevron’s (NYSE: VCX) 31% operated interest in Block 14 and 15.5% non-operated interest in Block 14K, offshore Angola, for $260mn.
TotalEnergies resumes oil production at Al-Mabrook field in Libya after a decade-long halt
French energy major TotalEnergies has announced the resumption of oil production at the Al-Mabrook field in Libya
Brazil deepwater project taps Exail tech
Exail has secured contracts to supply more than 70 acoustic transponders and navigation systems for offshore energy developments in Brazil and Angola.
Nigeria electricity shortage worsens as GenCos’ $2.1bn debt chokes gas supply
Nigeria’s electricity crisis is set to worsen as gas suppliers threaten to halt deliveries to thermal power plants over $2.1bn in unpaid fuel debts, pushing national power generation below 4,000MW and exposing deep financial strains sectorwide.
Egypt targets $2.3bn in gas investments to boost production
Egypt is currently planning aiming to attract investments worth $2.3bn in its natural gas sector during FY 2026/27, as part of efforts to boost production and secure domestic energy supplies
Libya records historic oil and gas production in February 2026
Libya achieved a record high in oil and gas production in February 2026, according to a March 11 statement from the National Oil Corporation (NOC).
Oil price tops $100 a barrel - again
Brent crude rose almost 9% in early Asian trading, surpassing $100 a barrel, despite the International Energy Agency (IEA) announcing late on March 11 that all 32 member countries would release up to 400mn barrels of oil.
IEA agrees record release of 400mn barrels from emergency oil reserves to counter Gulf War impact
The IEA agreed on March 11 to release a record 400mn barrels from emergency oil reserves, dwarfing its 2022 Ukraine-linked release, as Iran's closure of the Strait of Hormuz and attacks on Gulf energy infrastructure drive prices higher.
African Energy Chamber and Venezuela advance energy cooperation after reciprocal high-level visits
A government delegation from Venezuela has visited South Africa to advance collaboration across the hydrocarbon value chain.
Nigeria’s NNPCL profit rises to $275.9mn as revenue drops in January
Nigeria’s state oil company Nigerian National Petroleum Company Limited (NNPCL) reported profit after tax of NGN385bn ($275.9mn) in January despite a sharp decline in monthly revenue.
London-based Exail wins contract to supply transponders, navigation suites at Angolan offshore oil project
Exail Technologies (EPA:EXA) has won a contract to supply acoustic transponders and integrated navigation suites to a major deep-water oilfield in Angola.
Kenya weighs $1.7bn rail link to Lokichar oil fields for crude exports
Kenya is considering a $1.7bn railway linking Nakuru to the Lokichar oil fields as an alternative to a stalled pipeline project. The metre-gauge rail line could transport up to 50,000bpd of waxy crude from the Turkana basin to the coast.
Egypt aims to save $731.5mn from fuel price hikes
Egyptian Ministry of Petroleum and Mineral Resources is targeting savings of around EGP 38bn ($731.5mn) from the recent increase in fuel prices during the remaining four months of FY 2025/26
Nigeria approves fiscal incentives for Shell-led $20bn deepwater Bonga Southwest Aparo oil project
By approving fiscal incentives to unlock the $20bn Bonga Southwest Aparo deepwater oil project operated by Shell, Nigeria aims to enable a long-delayed investment decision and revive large-scale offshore investment in its oil sector.
Ghana’s Tema refinery plans output surge as Accra seeks to strengthen energy security
Ghana’s state-owned Tema Oil Refinery (TOR) is preparing to significantly increase its production capacity as authorities attempt to revive the troubled facility and reinforce the country’s petroleum supply chain.
Namibia excludes oil revenue from 2026/2027 budget as projects remain under development
Namibia’s government based its 2026/2027 budget on existing revenue streams, excluding projected oil and gas revenues as projects remain at an early development stage.
Ghana fuel market tensions rise as bulk distributors reject hoarding claims
Ghana’s bulk oil distributors have rejected allegations that some suppliers are hoarding fuel to profit from an anticipated price increase expected to take effect on March 16.
Kenya Pipeline Company shares climb on first day of NSE trading
Kenya Pipeline Company (KPC) began trading on the Nairobi Securities Exchange (NSE) at KES9.30 ($0.07) per share on March 10, rising 3.3% from its KES9 ($0.06) initial public offer price following a heavily oversubscribed share sale
Egypt increases fuel prices by 14-17% amid regional turmoil
In response to the intensifying energy crisis gripping the Middle East, the Egyptian government has announced up to 17% increase in the prices of petroleum products and natural gas for vehicles
Domestic refineries unlikely to cut Nigeria’s petrol prices significantly, CPPE says
Domestic refining will improve fuel supply stability in Nigeria but is unlikely to lead to significantly cheaper petrol because crude feedstock remains priced against global oil benchmarks in US dollars
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