AfrOil - Africa Oil & Gas

Four windows on OPEC-plus talks

Smaller oil-producing states will watch the upcoming Russian-Saudi discussions closely.

Tullow comments on status of African projects

Tullow Oil (UK/Ireland) has indicated that it remains optimistic about its projects in Africa despite the challenges posed by the coronavirus pandemic and lower crude oil prices.

Libya Oil Uganda wins early victory in lawsuit over tax payments

Ola Energy, a Kenyan fuel marketing company formerly known as OiLibya, has taken legal action against the Ugandan Revenue Authority (URA) to protest against the latter’s demand for payment of import taxes.

Nigeria’s LPG consumption plan will cost more than $6bn

Dayo Adeshina, the programme manager of the Nigerian federal government’s National LPG Expansion Plan (NLPGEP), has said that the country cannot push domestic LPG consumption up to targeted levels unless it invests more than $6bn in infrastructure.

Lower oil prices lead Angola to review 2020 budget

Angola’s government recently announced plans to review this year’s budget in light of changing conditions on world crude markets.

Tanzania says pandemic not likely to disrupt domestic fuel supplies

Tanzania’s Energy and Water Utilities Regulatory Authority (EWURA) has indicated that it does not expect domestic petroleum product markets to suffer any disruptions as a result of the coronavirus outbreak.

IMOPETRO head says Mozambique not likely to experience fuel shortages

The head of Mozambique’s state petroleum import agency IMOPETRO has said that the country is not likely to experience any fuel shortages as a result of the coronavirus pandemic.

Energean to exclude Algerian assets from Edison E&P acquisition

UK-listed Energean Oil & Gas has agreed to exclude Algerian assets from the deal that will see it take control of a subsidiary of Italy’s Edison.

Trump signals Russia-Saudi truce

Russia, Saudi Arabia agree to slash oil production, Trump claims

Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.

Sasol to cut output amid lockdown

Saudi oil surge and the threat to the energy transition

The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance

Pestilence and paper-pushers

The coronavirus outbreak is putting pressure on Uganda’s fuel market, and Kenyan tax claims have the potential to make the situation worse.