AfrOil - Africa Oil & Gas
Ghana creates forex market for petroleum importers to stabilise fuel price hikes
A component of the price build-up is the downgrade of Ghana’s creditworthiness by rating agencies like Fitch Ratings and Moody’s.
South African NGO prepares to appeal against government authorisation of seismic study
Oceans Not Oil (ONO), a South African NGO, is preparing to appeal against the government's authorisation of a seismic survey at Block 1, a licence area off the Northern Cape.
Can the EU replace Russian gas with North African supplies?
Experts from Verisk Maplecroft and Welligence Energy Analytics comment on how North African gas producers might respond as Europe’s energy mix changes.
Nigeria opens second phase of $2.5bn fertiliser plant, Africa's largest, as Ukraine war disrupts market
Nigerian President Muhammadu Buhari has opened Africa’s largest fertiliser plant, a brand-new $2.5bn facility near Lagos, the country’s biggest city. Nigeria hopes to become a net exporter of urea.
AfrOil: Uganda’s energy minister hopes for refinery FID in 2023
Uganda’s Energy Minister Ruth Nankabirwa says the Albertine Graben Refinery Consortium (AGRC) is set to make a final investment decision next year on the construction of refinery for oil from fields near Lake Albert.
Uganda’s energy minister hopes FID on refinery for Lake Albert crude oil will be made next year
Uganda’s Energy Minister Ruth Nankabirwa says the Albertine Graben Refinery Consortium (AGRC) is on track to make a final investment decision (FID) next year on the construction of an oil-processing plant.
IPMAN submits fuel retailers’ reports on contaminated gasoline shipments to Nigerian government
A Nigerian fuel marketers' group has submitted a collection of reports on the financial and operational setbacks resulting from the accidental import of contaminated gasoline to the government.
Angola readies for refining project progress
Eco Atlantic revises CPR to cover all assets offshore Guyana, Namibia, South Africa
UK-based Eco (Atlantic) Oil & Gas said on March 21 that it has revised its competent person's report (CPR) to cover all of its assets offshore Guyana, Namibia and South Africa.
Eni, Sonatrach report new oil discovery at HDLE-1 well in Algeria
Eni (Italy) and its partner Sonatrach (Algeria) have discovered sizeable new reserves of crude oil and associated gas in the HDLE-1 exploration well drilled at Zemlet el Arbi licence in the Berkine North basin.
AfDB: Africa attracts $33bn worth of investment interest at global forum
A forum to promote investment into Africa has attracted $32.8bn in potential investment, according to the African Development Bank (AfDB).
Ghana: Tullow completes acquisition of additional shares in Jubilee, TEN oilfields from Occidental
Tullow Oil (UK/Ireland) reported on Monday (March 21) that it had finalised its acquisition of additional stakes in the Jubilee and Tweneboa-Enyenroa-Ntomme (TEN) oilfields offshore Ghana.
Kenyan official says government is working to keep fuel prices under control
Kenya’s National Treasury Secretary Ukur Yatani asserted on March 17 that the government was working actively to keep the domestic fuel market under control, despite widespread complaints about rising prices.
Tullow wins Supplier Development Award from Ghana’s Absa Bank
Ghana’s Absa Bank has named Tullow Oil (UK/Ireland) as the recipient of its Supplier Development Award, hailing the company’s commitment to the use of local content.
PAET head calls for expanding use of CNG as automotive fuel in Tanzania
The head of Pan African Energy Tanzania Ltd (PAET), a subsidiary of Tanzania’s Orca Energy, has suggested that Tanzanian authorities take steps to expand the use of CNG as an automotive fuel.
Ghana's BOST could buy Nigerian oil for TOR refinery to help reduce fuel prices - energy committee MP
He urged the government to consider scrapping some taxes off fuel prices.
India's IOCL mooting investment in Tullow project in Kenya
Indian Oil Corporation Ltd (IOCL) is weighing the viability of investing in the $3.4bn project of Tullow Oil Plc in Turkana, northwestern Kenya.
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