AfrOil - Africa Oil & Gas
News out of Namibia
Shell’s discovery at Graff-1 has inspired excitement about the potential of Namibia’s offshore zone.
The Gambia seeks bids for Block A1
The Ministry of Petroleum and Energy of The Gambia has launched a new licensing round covering only one offshore site, known as Block A1.
Namibia to fast-track development of offshore oil discovery at Graff-1
Early analysis of the exploratory drilling estimates that the Graff-1 well could net Namibia 250-300mn barrels of oil and gas.
Egypt’s WEPCO plans to invest $28mn in fiscal 2022/2023 to increase crude output by 120%
Nigerian gasoline shortages attributed to fuel contamination
Nigerian petroleum product distributors and other downstream stakeholders are attributing recent gasoline shortages to government efforts to keep contaminated fuel off the market.
AfrOil: NAMCOR confirms oil find at Graff-1
Namibia’s national oil company has issued a statement confirming the discovery of light crude oil in Graff-1, an exploration well drilled at the deepwater PEL 39 block offshore Namibia.
IMF reiterates call for elimination of Nigerian gasoline subsidy
The International Monetary Fund has once again urged Nigeria’s federal government to eliminate its long-standing subsidy for domestic gasoline prices.
Ghana transport operators to demand 30% fare hike
This decision came after 16 member transport unions including Ghana Private Roads Transport Union (GPRTU), Concerned Drivers Association, among others met on Thursday February 3, 2022.
Ugandan minister holds talks with refinery developers
Ghana seeks investment for Tema refinery repairs
SEPCOL reports three Trinity Spirit FPSO crew members are alive
Three crew members from the Trinity Spirit FPSO have been found alive, according to the vessel’s owner, Shebah Exploration and Production Co. Ltd (SEPCOL) of Nigeria.
Mozambique: Eni says Coral Sul FLNG installation proceeding on schedule
The Italian major Eni has said that work on the Coral South LNG project offshore Mozambique is proceeding on schedule.
Global crude oil prices rise driving inflationary pressure in Kenya – EFG Hermes
EFG Hermes Kenya Ltd expects Kenya to experience inflationary pressure in 2022 as a result of increase of global crude oil prices
Ugandan MPs blame fuel companies for high gasoline prices
NAMCOR confirms oil find at Graff-1
Namibia’s national oil company has issued a statement confirming the discovery of light crude oil in Graff-1, an exploration well drilled at the deepwater PEL 39 block offshore Namibia.
Nigerian CEO calls for elimination of gasoline subsidy
George Onafowokan, the CEO of Nigeria’s Coleman Wires and Cables, has said he believes that the elimination of the government’s long-standing gasoline subsidy is likely to have a positive long-term impact on the national oil and gas industry.
Afentra still in negotiations with Sonangol for two offshore blocks
AIM-listed Afentra has reported that it is still in negotiations with Angola’s national oil company Sonangol on the acquisition of stakes in two offshore assets known as Block 3/05 and Block 23.
Sonatrach, DEPA extend LNG supply deal
Algeria’s national oil company Sonatrach and Greece’s state-owned natural gas company DEPA confirmed on February 4 that they had extended their long-term LNG supply contract the day before.
Government seeks strategic investors for TOR – Public Enterprises Minister
The strategic investor is expected to bring in the needed capital to revive the Refinery.
SDX Energy agrees to dispose of 33% equity stake in South Disouq concession in Egypt for $5.5mn
NUPRC says it is investigating FPSO explosion
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced on February 3 that it had begun an investigation of the explosion that caused a FPSO to sink near Escravos.
Shell reportedly set to delay Bonga Southwest Aparo by another two years
Sources at Nigerian National Petroleum Corp. (NNPC) and Shell (UK) have told S&P Global Platts that the start date for the Bonga Southwest Aparo project had been pushed back by another two years.
NOC says Honeywell UOP interested in southern refinery
Renergen signs LNG supply deal with Ceramic Industries
South Africa’s Renergen announced on February 3 that it had signed an agreement with Ceramic Industries, a subsidiary of Cape Town-based Italtile, for supplies of LNG.
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