AfrOil - Africa Oil & Gas

Shell subsidiary set to acquire Nigerian solar energy company

Shell (UK) may be gearing up to divest its onshore oil and gas assets in Nigeria, but it is also expanding into the renewable and off-grid energy sector to reduce the carbon intensity of its operations.

NPA chief notes 41% growth in Ghana’s fuel demand in 2021

TotalEnergies CEO's remarks fuel excitement about Namibia’s offshore potential

Nigeria's NNPC inks deal with Indian Oil Corp to boost LPG supply

United Oil and Gas released H1 2022 results promising to significantly increase production levels

Capricorn Energy plans to merge with NewMed in Israel-Egypt venture

Ghana Revenue Authority to investigate custom officials for aiding oil smuggling

Africa’s first rating agency launches promising for greater objectivity, local relevance, gives SA clean bill of health

Egyptian Natural Gas Holding production hits 190mn cubic metres per day in FY2021/2022

PIAC reports Ghana’s petroleum revenues up 108% y/y in H1 2022

Ghana’s Public Interest and Accountability Committee (PIAC) reported on September 27 that the government had earned $731.94mn in petroleum revenues in the first half of 2022, up by 108% y/y.

Algeria requests joining BRICS, Russia and China welcome move

DMO chief says gasoline subsidies are main driver of Nigeria’s swelling public debt

CNOOC Uganda receives first shipment of parts for drilling rig at Kingfisher

Invictus Energy spuds maiden gas and oil exploration well in Zimbabwe

Middle East Oil Refinery expansion to raise refining capacity by 60% – Egyptian minister

Zenith Energy submits offer for biggest oilfield in Benin

Cost of Nigeria’s fuel subsidy hits $1.22bn in August

VAALCO Energy gets green light for long-delayed $310mn Venus project offshore Equatorial Guinea

Zimbabweans used 56mn tonnes of liquefied petroleum gas in 2021, top official says

GASCO connects BP’s offshore Raven natural gas field to butane extraction plant in Al-Amirya

AfrOil: Sonatrach CEO says Algeria can meet Italian gas supply pledges

Algeria will be able to supply Italy with at least 25bn cubic metres of natural gas this year, said Tewfik Hakkar, the CEO of the national oil company Sonatrach.

Cameroon: SONARA, Vitol strike deal on debt restructuring

SONARA, Cameroon’s state-owned oil refining firm, signed an agreement with the Dutch commodities trader Vitol that will settle $279mn worth of outstanding debts on September 23.