AfrOil - Africa Oil & Gas
Nigeria launches marginal field bidding round after 10-year delay
Nigeria’s Department of Petroleum Resources (DPR) revealed on June 1 that it had launched a new round of bidding for marginal fields.
Golar LNG reveals outlook for projects in Africa, South America
Bermuda-registered Golar LNG has issued an update on its activities related to projects in Africa and South America.
NRG: Some forward momentum, but overall restraint
Despite the relative stability of crude prices in recent days, more news of activity cutbacks, earnings losses and demand weakness continues to come in, and all eyes are turning to the forthcoming OPEC+ meeting.
Tullow, Total move closer to closing Uganda deal
Tullow Oil (UK/Ireland) has cleared another hurdle towards the sale of its stake in several Ugandan projects to Total (France), owing to CNOOC's decision not to enlarge its own stake.
Sonatrach raises stake in Medgaz pipeline to 51%
Algeria’s national oil company (NOC) Sonatrach has become the majority shareholder in Medgaz, the operator of a natural gas pipeline across the bed of the Mediterranean Sea, through its acquisition of a stake in the link from CEPSA (Spain).
Malta seizes $1.1bn worth of “counterfeit” Libyan dinars printed by Russian state-owned company
The US State Department has announced that Malta seized $1.1bn worth of “counterfeit” Libyan dinars that were travelling by ship to the Libyan parallel government and were printed by the Russian state-owned company Goznak.
Egypt unveils $19bn petchem strategy
Sasol denies plan to sell fuel retail network
Good news for Nigeria?
Nigeria has released some encouraging economic data from the first quarter, but it should not start celebrating just yet.
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