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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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Ghana Oil Co. to invest $50mn in LPG storage expansion to meet domestic demand
GOIL PLC plans to commission an additional 12,000 metric tons of LPG storage capacity in 2026 under a $50mn investment. The expansion aims to strengthen Ghana’s energy security and address supply gaps.
Egypt’s fuel subsidies hit $671.7mn in Q1 FY2025/26
Egypt’s petroleum subsidies bill exceeded EGP 32bn ($671.7mn) during Q1 of the current FY 2025/26. Diesel accounted for the largest share of the subsidies between July and September 2025
Seismic innovation, faster permitting crucial in Africa’s oil and gas exploration revival, energy majors say
Exploration for oil and gas in Africa is gathering momentum owing to advances in seismic imaging, improved frontier datasets and shorter permitting timelines, energy majors have said.
Nigeria's Sahara Group acquires 7 more rigs, aims to lift oil output to 350,000 bpd within five years
Sahara Group plans to increase its oil and gas production to 350,000 barrels per day within five years after acquiring seven new drilling and workover rigs
Algeria plans to invest $60bn in energy projects until 2029
The Algerian government announced plans to invest $60bn in energy projects between 2025 and 2029 as part of a wide-ranging strategy to strengthen the country’s oil, gas, and hydrogen industries.
International technology firms urge wider AI adoption across African energy sector
African energy companies risk being left behind if they do not urgently facilitate wider Artificial Intelligence (AI) adoption.
Can Senegal’s transparency drive amid an oil & gas boom end the 'resource curse'?
Senegal is tying its energy-led growth story to a wider investment drive, opening Fii 2025 under President Faye’s patronage. With Sangomar first oil flowing and gas exports due from GTA, the government is poised to unveil its petroleum code.
US political momentum and African reforms open new chapter for energy investment
The current political momentum in the US and comprehensive regulatory reforms across Africa’s energy sector are aligning to open a new chapter in transatlantic investment.
Angola’s Etu Energias secures financing for offshore Block 17/06 development
Etu has secured structured financing from Mauritius Commercial Bank and TotalEnergies Trading SA to fund its 7.5% stake in Block 17/06. The deal advances Etu’s plan to lift output to 80,000 bpd by 2030.
Nigeria’s rig count surges 762% in four years, NUPRC says in performance report
Nigeria’s upstream regulator says the country’s rig count has risen to 69, marking a major recovery in oil and gas drilling activity – and positioning it ahead of Angola and Algeria for the first time since 2015.
Nigeria’s International Energy Insurance posts 1H25 profit despite revenue drop
While one of Nigeria’s smaller listed general insurers, International Energy Insurance Plc (IEI) has a recognised foothold in the energy sector, specialising in oil, gas, and marine risk coverage.
Senegal to review oil, gas codes ahead of MSGBC 2025 in Dakar, says minister
Senegal will overhaul its oil and gas codes as part of President Faye’s transparency agenda, as the country enters its production phase following first oil from the Sangomar field and the upcoming start of BP’s Greater Tortue Ahmeyim gas project.
Angola eyes 60 oil and gas concessions by year-end, ANPG says
Angola plans to award up to 10 more oil and gas concessions in 2025, the National Oil, Gas & Biofuels Agency said. The licensing drive, backed by fiscal reforms and $70bn in projected upstream spending, aims to reverse years of declining output.
Renaissance seeks partners to expand Nigeria operations after $1.3bn Shell asset takeover
Renaissance Africa Energy, a Nigerian-led consortium, is seeking partners to expand its upstream operations, with a goal to more than double oil and gas output by 2030.
Italian energy major Eni resumes offshore drilling in Libya after five-year hiatus
Italian energy major Eni has resumed offshore drilling operations in Libya’s northwest region, marking the company's return after a five-year pause.
QatarEnergy acquires 27% stake in Egypt’s North Cleopatra offshore area
QatarEnergy has signed an agreement with international oil supermajor Shell to acquire a 27% participating interest in the North Cleopatra offshore area, located in Egypt’s territorial waters of the Mediterranean Sea.
New company launched for Nigeria–Morocco gas pipeline
The Nigeria–Morocco Gas Pipeline has neared the execution phase with the establishment of a dedicated project company to oversee financing and delivery of the $25bn line spanning nearly 6,000 km across West Africa
Egypt and UAE’s Emirate of Fujairah sign three key oil and gas agreements
Egypt and the UAE’s Emirate of Fujairah have signed three main agreements to boost cooperation in the oil and gas sector
AAAS Energy, ChillMine Corp agree to build Botswana data centre campus
A Netherlands-based energy developer, AAAS Energy (AAAS), and an American data centre provider, ChillMine Corp. (ChillMine), have signed a memorandum of understanding (MoU) to jointly develop a new data centre campus in Botswana.
Tanzania pushes for $42bn LNG deal with Shell, Equinor by end-2025 after decades of delays
Tanzania is pressing ahead with plans to conclude a $42bn LNG deal by end-2025, targeting output of up to 10mn tonnes annually, drawing on offshore reserves operated by Shell (UK, Blocks 1 & 4) and Equinor (Norway, Block 2).
Kenya’s National Assembly clears sale of 65% stake in pipeline company KPC
Kenyan lawmakers have approved the government’s plan to sell a controlling stake in the Kenya Pipeline Company (KPC), adopting a sessional paper and clearing the final parliamentary hurdle for the sale,
Botala Energy posts wider loss, sets 2027/28 target for first gas in Botswana
Botala Energy reported a wider annual loss as it develops the Serowe coal bed methane project in Botswana. The company secured a mining licence, raised fresh capital, and signed an LNG offtake deal, targeting first gas supply by 2027/28.
Italy’s energy major Eni announces FID for Mozambique’s Coral North FLNG project
Italian energy major Eni and its partners have reached the Final Investment Decision (FID) to develop the Coral North (Coral Norte) floating liquefied natural gas (FLNG) project, in a deepwater area offshore Cabo Delgado in northern Mozambique.
Strike at Dangote cuts Nigeria’s oil output by 16% amid energy strain
A nationwide strike by Nigeria’s senior oil union over mass layoffs at Dangote Refinery reduced oil output by 16%
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