AfrOil - Africa Oil & Gas

SPA appoints new directors to ensure regional representation

The Somali Petroleum Authority (SPA), a new agency established by the federal government to oversee the hydrocarbon industry, is working to ensure that all regions of the country are represented within its governing structures.

Pirates seize LNG tanker from Punta Europe LNG terminal

An LNG tanker has been seized by pirates off the coast of Equatorial Guinea, according to Dryad Global, a UK-based maritime security firm.

Libyan oil output hits 500,000 bpd mark

Libyan crude oil output has continued to rise over the last week, reaching 500,000 bpd.

NOCK facing major financial woes

The National Oil Corporation of Kenya (NOCK) is struggling to remain afloat amidst serious financial troubles, according to local press reports.

Gabon sees oil production sinking slightly in next fiscal year

Gabon’s government is reviewing a budget bill that anticipates a decline in domestic crude oil production.

World Bank, partner states to help fund Sudan’s fuel price reforms

The World Bank has offered Sudan’s transitional government a grant of $200mn to support efforts to reform the economy, including the energy sector.

Bank of Mozambique publishes plan for establishing gas fund

Mozambique’s central bank has publicised its plan to set up a new sovereign wealth fund for future earnings from natural gas and LNG projects.

NNPC pledges to ensure oil supplies to Ibigwe modular refinery

Nigerian National Petroleum Corp. (NNPC) has pledged to ensure reliable deliveries of crude oil to the new modular refinery that Waltersmith Petroman Oil is building at the Ibigwe oilfield in Imo State.

NRG: Challenges ahead

Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.

IEA dismisses near-term peak in oil demand, sees firm outlook for gas

$95bn of MENA petchem investments at risk

DNG to start South African LNG bunkering next year

Libya’s precarious position

Libya's oil infrastructure is coming back on stream, but it may face another blockade soon.

NNPC to cede frontier exploration work to new upstream agency

Nigeria's proposed oil law calls for a new upstream agency to monitor exploration work in frontier basins.