AfrOil - Africa Oil & Gas

South Sudan calls tender for environmental audit of oil industry

South Sudan’s Ministry of Petroleum has launched a tender for an environmental audit of the country’s hydrocarbon sector.

ReconAfrica says drilling data confirms the presence of a working petroleum system in Kavango Basin

Reconnaissance Energy Africa (ReconAfrica) and Namibia's Ministry of Mines and Energy say preliminary analysis of data from the 6-2 well points to the presence of a working conventional petroleum system in the Kavango basin.

FAR receives another takeover offer from Remus Horizons

Remus Horizons, a private investment fund, has submitted a new takeover offer for Australia’s FAR Ltd, a minority shareholder in the Sangomar block offshore Senegal.

Nigeria reportedly revises PIB to cut tax, royalty rates

Nigeria’s government has reportedly agreed to revise provisions of the Petroleum Industry Bill (PIB), the oil and gas law now under discussion in the National Assembly.

New Tema refinery to be denied permit

AfrOil: Nigeria adds tax, royalty cuts to PIB

Nigeria’s government has reportedly agreed to revise provisions of the Petroleum Industry Bill (PIB), the oil and gas law now under discussion in the National Assembly.

Naftogaz Group increased Egyptian oil production by 20%

United Oil and Gas gross proven and probable reserves in Abu Sennan increase by 24% y/y to 16.8mn boe

Egypt’s petroleum ministry plans to invest $100mn in new bioethanol producing firm

Nigeria’s DPR publishes list of private refining licences

ADNOC’s listing bent turns to Fertiglobe

EACOP ready to launch

Uganda, Tanzania, Total and CNOOC are very close to clearing all the paperwork needed to start construction work on the 1,445-km EACOP pipeline.

Senegal secures funding, support for gas pipeline plan

Senegal’s sovereign wealth fund and the state natural gas concern, Senegal Gas Network (SGN), have secured financing and support for the government’s plan to establish a domestic gas pipeline network.

Senegal explores options for improving local service companies’ access to financing

Although Senegal’s government has yet to finalise and adopt a law setting local content standards for investors in oil and gas projects, it is exploring several options for improving local service providers’ access to financing.