AfrOil - Africa Oil & Gas

20 October 2021

AfrOil: Kampala seeks to ease UNOC’s access to oil revenues

19 October 2021

Uganda’s government has drawn up legislation that would allow the national oil company to access the proceeds from its share of future crude production.

Sahara Group plans large investment in LPG in Africa

19 October 2021

Energy and infrastructure conglomerate Sahara Group is set to invest over $1bn in Africa to boost the energy transition on the continent.

Petronas’ Sudanese woes grow

14 October 2021

Malaysian state major Petronas’ legal woes in Sudan grew this week following the issue of an arrest warrant for some of its former executives.

Malabo’s big dreams for Mega Gas Hub

14 October 2021

Equatorial Guinea could become a major hub for regional gas trade – if its plans come together.

Italian energy company wants to withdraw from South African oil exploration venture with Sasol

14 October 2021

Italian oil and gas group Eni SpA plans to exit an oil exploration venture off South Africa’s southeast coast, a Bloomberg report noted.

NGO accuses ReconAfrica of disrupting local communities

14 October 2021

Toronto-listed Reconnaissance Africa Energy, known as ReconAfrica, has come under fire from a local non-governmental organisation called Frack Free Namibia (FFN).

BW Energy wins rights to G12-13, H12-13 blocks offshore Gabon

14 October 2021

A consortium led by Norway’s BW Energy has won the right to negotiate contracts for two blocks in Gabon’s 12th Offshore Licensing Round.

Buhari hails establishment of new NOC

14 October 2021

Nigeria’s President Muhammadu Buhari says the newly incorporated Nigerian National Petroleum Co. Ltd (NNPC Ltd), with a capitalisation of NGN200bn ($487mn) will become a globally competitive firm.

Angolan oil minister says more time is needed to prepare Sonangol for listing

14 October 2021

Angola’s Minister of Mineral Resources and Petroleum Diamantino Azevedo has said that Luanda is not ready yet to move forward with plans for the partial privatisation of Sonangol, the national oil company.

Sylva says PIA could push Nigerian oil production up to 4mn bpd

14 October 2021

The Nigerian government has said that implementing the newly enacted Petroleum Industry Act (PIA) will boost the country’s oil production capacity by about 317% to 4mn barrels per day.