AfrOil - Africa Oil & Gas

3 February 2022

Nigeria: Elumelu says Heirs Holding sometimes loses over 50% of oil output to theft

2 February 2022

Tony Elumelu, the chairman of Nigerian independent Heirs Holding, said on Tuesday (February 2) that his company sometimes lost more than half of its oil production in the Niger River Delta to theft.

NLNG hailed for directing all LPG production to domestic market

2 February 2022

The Nigeria LP Gas Association (NLPGA) has hailed the Nigeria LNG (NLNG) consortium for its decision to direct all of its LPG production to the domestic market.

Ghana's government restores Price Stabilisation and Recovery Levy

2 February 2022

NPA suspends Price Stabilisation and Recovery Levy (PSRL).

Sonangol hopes new import terminal will improve domestic fuel supplies

2 February 2022

Angola’s national oil company Sonangol is hoping that the launch of a new import terminal in Porto do Lobito will help improve supply conditions on the domestic fuel market.

Uganda’s next big step toward oil production

2 February 2022

TotalEnergies and its partners are ready to proceed with the $10bn Lake Albert Development Project.

Ardova begins building LPG storage depot in Lagos

2 February 2022

Ardova, a Nigerian petroleum product marketing company, has broken ground on a new LPG storage facility that will be the largest of its kind in West Africa.

AfrOil: TotalEnergies hopes to resume Mozambique LNG project in 2022

1 February 2022

Patrick Pouyanné, the CEO of TotalEnergies (France), hopes to see work on the $20bn Mozambique LNG project resume before the end of this year.

TotalEnergies CEO hopes to resume work on $20bn Mozambique LNG project this year

31 January 2022

Patrick Pouyanné, the CEO of TotalEnergies (France), has said he hopes to see work on the $20bn Mozambique LNG project resume before the end of this year.

West-Africa focused FAR Ltd attracts another takeover bid

31 January 2022

FAR Ltd, an Australian company focused on upstream projects in West Africa, reported on January 31 that it had received a takeover bid from the boutique investment management firm Samuel Terry Asset Management.

Gabon: BW Energy reports production up at Tortue oilfield in Q4-2021

31 January 2022

BW Energy (Norway) succeeded in raising production levels at Tortue, an oilfield within the Ruche Exclusive Exploitation Area (EEA) offshore Gabon, in the fourth quarter of 2021.

TotalEnergies signs MoU with Rwanda to develop energy sector

31 January 2022

TotalEnergies of France has signed with Rwanda Development Board (RDB) memorandum of understanding (MoU) to develop collaboration on energy-related projects

IES says Ghana will see fuel prices rise in February

31 January 2022

Oil Marketing Companies (OMCs) are likely to cross the Ghs7.00 per litre mark for gasoil and gasoline.

NNPC report says Port Harcourt rehabilitation project is behind schedule

31 January 2022

Nigerian National Petroleum Corp. (NNPC) has said that its effort to rehabilitate Port Harcourt Refining Co. (PHRC) is running behind schedule.

NUPRC reports on proceeds from marginal field auctions

31 January 2022

Nigeria’s government has taken in approximately NGN174bn ($420mn) from the second Marginal Fields Bidding Round (MFBR) as of January 28.

Sylva hails petroleum ministry’s performance

31 January 2022

Nigeria’s Minister of State for Petroleum Resource Timipre Sylva delivered a favourable assessment of his agency’s performance.

Afreximbank to assist NNPC to obtain $5bn in loans

27 January 2022

The African Export-Import Bank (Afreximbank) pledged on January 27 to assist Nigeria’s national oil company with a $5bn fundraising effort.

Nigeria puts PIA on hold

27 January 2022

Following tumult over the elimination of gasoline price subsidies, Nigeria's federal government delays full implementation of the new petroleum law.