AfrOil - Africa Oil & Gas

Nigerian legislators reportedly planning to draft new oil law “from scratch”

Ahmad Ibrahim Lawan, the president of Nigeria’s Senate, said last week that legislators hoped to draw up a brand new version of the proposed oil law, which will be known as the Petroleum Industry Bill (PIB).

Mozambique mulls small-scale refining project in Inhambane

Carlos Zacarias, the chairman of Mozambique’s National Petroleum Institute (known as INP), said last week that his organisation backed plans for a small-scale refining project in the southern province of Inhambane.

Libya sees oil production decline further, takes refinery off line

Conditions in the Libyan oil sector have continued to deteriorate over the last week, as forces loyal to Khalifa Haftar maintain their blockade of the country’s crude export facilities.

Oil prices hit by inability to come up with a plan to deal with Coronavirus

Algeria’s foreign exchange reserves contract by $17.9bn to $62bn at the end of 2019

From scandal to sell-offs

Even as it pursues corruption charges against the daughter of a former president, Angola is pushing ahead with oil and gas reforms.

Angola extends ExxonMobil-led group’s licence for Block 15

Angola’s National Oil, Gas and Biofuels Agency (ANPG) has agreed to extend ExxonMobil’s production licence for Block 15.

Equatorial Guinea hopes Noble can launch Alen field by end-2020

The government of Equatorial Guinea has said that it hopes Noble Energy (US) and its partners will be able to launch production at the offshore Alen field before the end of this year.

Shell lifts force majeure on Bonny Light crude shipments

Shell Petroleum Development Co. (SPDC), a Nigeria-based subsidiary of Royal Dutch Shell (UK-Netherlands), has lifted force majeure on shipments of Bonny Light crude.

Libyan oil production reportedly down again

Libya’s oil industry has continued to suffer over the last week, with production sinking to a new low.

An African option for Tullow?

Industry observers have been contemplating the possibility that an African investor may seek to bid for control of Tullow Oil, an Anglo-Irish independent that is active in Guyana and several African countries.

Tanzania’s energy minister says domestic fuel stocks are growing

Tanzania has made concrete progress in its effort to expand domestic petroleum product stocks, according to Energy Minister Medard Kalemani.

Algerian protesters criticise plans to develop shale gas

Opposition groups in Algeria have begun voicing objections to the government’s plans to explore and develop domestic shale gas reserves.

Africa Oil uses BTG Pactual dividend to pay down POGBV loan

Canada-based Africa Oil Corp said on February 4 that it had started repaying the loan it took out to finance its acquisition of Petrobras Oil and Gas BV, now known as Prime Oil and Gas BV (POGBV).