AfrOil - Africa Oil & Gas
AfrOil: NNPC data shows huge increase in Nigerian gasoline subsidies
The Nigerian government spent nearly three times as much on domestic gasoline subsidies in the first five months of 2022 as it did in the same period of last year, according to Nigerian National Petroleum Co. Ltd (NNPC Ltd).
Majority of Scirocco Energy shareholders back sale of Tanzanian stake to Wentworth Resources
A majority of AIM-listed Scirocco Energy's shareholders have voted to approve the planned sale of a 25% stake in Ruvuma, a natural gas-bearing block in southern Tanzania, to UK-based Wentworth Resources.
Morocco’s Attijariwafa bank to arrange $250mn loan facility for Sound Energy’s Tendrara project
BP to explore King Mariout Offshore block in Egypt’s West Nile Delta area
BP (UK) has been awarded exploration rights to the King Mariout Offshore block in Egypt’s territorial waters.
Nigerian oil minister says OPEC+ group is running low on spare production capacity
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva said on June 24 that members of the OPEC+ group were running out of capacity to expand crude oil production.
Apex International Energy plans to increase exploration budget and oil output in Western Desert
GALP secures extension for exploration of PEL 83 offshore Namibia
Namibia’s Ministry of Mines and Energy has reportedly agreed to give Portugal’s Galp and its partners more time to prepare for exploration work at the PEL 83 licence area offshore Namibia.
NNPC data show huge increase in Nigerian gasoline subsidies in 5M 2022
The Nigerian government spent nearly three times as much on domestic gasoline subsidies in the first five months of 2022 as it did in the same period of last year, according to the national oil company.
Eco Atlantic to acquire another 6.25% in Block 3B/4B offshore South Africa via Azinam
UK-based Eco (Atlantic) Oil & Gas has arranged to increase its stake in Block 3B/4B offshore South Africa through a farm-out deal involving its wholly-owned subsidiary Azinam.
Nigeria to hand marginal oilfield licences to local companies on June 28
Nigeria will issue prospecting licenses to companies that won the right to develop marginal oilfields, the Nigerian Upstream Petroleum Regulatory Commission has revealed.
Congolese oil workers to go on hunger strike over pay
Oil workers in Congo are to go on hunger strike over low pay and other demands that have not yet been met by the government.
LPG consumption rising in Zimbabwe due to inadequate power supplies, energy regulator says
African gas pipeline projects revived due to European gas crisis
A mounting gas crisis in Europe caused by Russia’s decision to reduce flows has revived several African gas pipeline projects to take over from the Russian deliveries.
Ethiopia's government denies fuel shortage amid humanitarian aid delays
Ethiopia has denied a report by the European Union which stated that a lack of fuel is preventing the delivery of humanitarian aid to Tigray, the famine-struck region in the north of the country.
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