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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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Senegal making strides in advancing offshore oil and gas projects
The Senegalese national oil company Petrosen has said it expects to see first production from the country’s inaugural offshore oil development in the coming days. The Sangomar deepwater oilfield will produce 100,000 bpd of crude oil.
Rotterdam Foundation signs MoU for green economy projects in Egypt’s Suez Canal Economic Zone
Egypt Gas posts 48.1% y/y surge in net profit to $2.96mn in Q1
Egypt Gas posted a 48.1% y/y rise in its net profit after tax in Q1 of the current year to EGP 138.966mn ($2.96mn), the private energy company said in a bourse filing on Thursday, May 16.
Sudanese authorities hasten pipeline repairs for South Sudan oil exports
Sudan's Sovereign Council is mobilising efforts to mend ruptured pipelines crucial for transporting South Sudan's crude oil to global markets, a spokesperson for the council revealed on May 15.
Morocco to invest $7bn in energy projects over coming three years
Moroccan Energy Minister Leila Benali has said the government plans to invest $7bn in the country’s energy network to add 9 GW to its installed capacity by 2027 to reach a total of 20 GW.
Benin approves Niger’s first export of crude oil
Tanzania’s mining sector is about to take off despite government interference
Tanzania is emerging as an important hub for the mining of green energy transition minerals in East Africa, despite the government taxing the sector heavily.
Border dispute affects Niger-Benin pipeline
Benin has shut off all Nigerien oil exports following a border dispute with its neighbour.
Anticipation builds ahead of decisive OPEC+ meeting
Speculation is rife as the group prepares to decide whether or not it should stick to the current 2.2mn bpd of cuts
Libya’s gas production drops, deficit threatens future export commitments to Europe
Libyan gas production has been declining, indicating that the country could fail to meet domestic demand and export commitments by 2025, National Oil Corp (NOC) and other data reportedly show.
ExxonMobil completes drilling at Block 15 research well offshore Angola
US-based energy major ExxonMobil has completed drilling operations at the Likembe – 01 research well offshore Angola, according to ANPG, the country's concessionaire and energy regulator.
Kinetiko Energy produces electricity from its South Africa onshore gas field
ASX-listed company Kinetiko Energy (Kinetiko) has made history by becoming the first to generate electricity from locally-produced, onshore gas in South Africa.
Nigerian fuel subsidies will impact oil revenue in 2024 – IMF
Nigeria’s decision to reinstate fuel subsidies is likely to drain around half of the country’s oil revenue in 2024, according to a statement released by the International Monetary Fund (IMF) on May 9.
Australian firm D3 Energy aims to explore for gas in South Africa after AIM listing, capital raise
D3 Energy has listed on the ASX following an IPO that raised cash to be deployed in a helium and natural gas exploration project in South Africa.
Nigeria's NNPC E&P announces commencement of oil production in Akwa Ibom State
NNPC Exploration and Production (NNPC E&P) and Natural Oilfield Services Ltd. (NOSL) have announced the commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State, Nigeria.
Naturgy says gas supply contracts with Algeria unaffected by shareholding sales
Spanish natural gas firm Naturgy said supply contracts with Algeria include no clauses that would be affected by changes to its shareholding structure, amid talks with Abu Dhabi energy firm TAQA of a potential full takeover of Naturgy.
Libya’s PM Dbeibah backs NOC plan to raise crude production to 2mn bpd
Libya’s PM Abdulhamid Dbeibah has supported a plan announced by the National Oil Corporation (NOC) to increase domestic oil production to 2mn barrels per day (bpd) by 2027 from about 1.24mn now.
Panoro Energy confirms oil at Hibiscus South Extension offshore Gabon
Panoro Energy ASA announced on May 10 that the DHBSM-2P pilot well has encountered oil and confirmed a north-eastern extension of the Hibiscus South field at the Dussafu Marin Permit offshore Gabon, further increasing recoverable reserves.
Niger’s first oil export to China in doubt over border dispute
Benin has reportedly blocked the export of Niger's crude oil from its port after Abuja refused to open its land borders for goods coming from Benin.
Egypt’s natural gas consumption increases to 6.1bn cubic feet/day in May
Egypt’s natural gas consumption increased by 300mn cubic feet daily (cf/d) to 6.1bn cf/d in May, according to a government official.
Sintana Energy leads community engagement in African oil exploration
Canadian oil and gas exploration company Sintana Energy is setting a new standard for community participation in African oil and gas exploration, according to the African Energy Chamber.
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