AfrOil - Africa Oil & Gas

Should Brazil copy Nigeria?

The head of Nigeria’s NNPC Ltd is touting his company’s plans to distance itself from government policy on domestic petroleum product pricing, while Petrobras continues to set fuel prices and incur the state’s wrath.

Nigeria’s Excess Crude Account 'rainy day fund' evaporates

Nigeria’s Excess Crude Account (ECA), a rainy day fund from oil revenue, has plunged to just $376,655.09 in June from $35.37mn in May, as the world economy goes through huge challenges.

Strong hydrocarbon production in MENA region is supporting rapid economic growth – Capital Economics

Mozambique will help meet Europe's demand for natural gas, EU envoy says

Kenya revives sales of subsidised LPG cylinders to poor households, cuts VAT in half

Uganda security officials quash protests against soaring fuel prices

Perenco’s PCM subsidiary starts exporting oil from southern Chad via Cameroon

PetroChad Mangara (PCM) announced that it had begun exporting crude oil via the Chad-Cameroon pipeline after resuming production at two fields in the Doba basin in southern Chad.

Angola could save 275mn litres of diesel per year through energy transition, minister says

Nigeria’s Port Harcourt unlikely to refine this year

Eni, Sonatrach report new oil discovery in North Berkine basin

Italy’s Eni and its Algerian partner Sonatrach made a new hydrocarbon discovery in RODW-1, an exploration well drilled within the research perimeter of Sif Fatima II, a concession in the Berkine North basin.

TotalEnergies begins production at Ikike field offshore Nigeria

TotalEnergies (France) announced on July 25 that it had launched production at Ikike, a shallow-water field within the OML 99 licence area offshore Nigeria.

Dram Oil contests Deloitte’s due diligence claim

Dram Oil is seeking $187mn from Deloitte over alleged violation of duty of care and negligence.

Libya to raise crude production to 1.2mn bpd by early August

Nigeria budgets $16bn for fuel subsidies in 2023

Chariot upgrades reserve estimate for Morocco’s Anchois gas site

Dangote raises funds through bond offering

Italy arranges to import more gas from Algeria

Algeria has now surpassed Russia as the largest supplier of gas to the Italian market, but Europe is still a long way away from replacing Gazprom.

Libya’s crude exports resume after months of closures