AfrOil - Africa Oil & Gas

Zambia, Angola sign six agreements to cement bilateral relations

Nigerian equities market sees strong end to 2022, led by 34.05% growth in oil & gas index

Snam acquires 49.9% of Eni's Algeria-Italy gas pipeline assets for €405mn

APEX acquires full or part interest in six oil concessions in Egypt’s Western Desert from Italy’s Eni

Egypt exports 8mn tonnes of LNG, generating $8-$8.5bn in revenues in 2022

ExxonMobil secures exploration rights to two offshore blocks in Egypt’s Mediterranean

Ghana’s central bank to sell $200mn to bulk oil distributors in Q1, down from $420mn previous quarter

Somaliland announces first oil discovery

Somaliland, a region of Somalia that unilaterally proclaimed its independence in 1991, announced on January 8 that it had made its first discovery of crude oil within its own territory.

Sylva sees Nigeria achieving self-sufficiency in fuel production in 2024

Nigeria’s Minister of State for Petroleum Resources Timipre Sylva said on January 9 that the country was on track to become self-sufficient in the production of refined fuels sometime next year.

Ghana’s TOR expected back online next month

Algeria’s Sonatrach to invest $30bn in hydrocarbons exploration until 2027

Libyan gas flow to Italy resumes at full capacity after few days' disruption

Head of Industrial Association of Angola urges government to eliminate fuel subsidies

José Severino, the president of the Industrial Association of Angola (AIA), has urged his country’s government to eliminate subsidies for domestic petroleum products.

Production drilling begins for Hibiscus Ruche Phase I project offshore Gabon

BW Energy (Norway) has spudded DHIBM-3H, the first production well for the Hibiscus Ruche Phase I development project at the Dussafu Marine block offshore Gabon.

Zambia's president chairs emergency weekend meeting to tackle electricity shortage

AfrOil: Eni plans second FLNG unit for Marine XII

Italy’s Eni has arranged to deploy and install a second floating LNG (FLNG) unit at the Marine XII block located offshore Republic of Congo.

NUPRC gives oil and gas companies seven days to disclose beneficial owners

Egypt’s decision to demarcate maritime borders angers Libya

Japanese banks help finance FSRU for Senegal

JBIC, MUFG sign $71mn loan agreement with Senegal LNGT to cover cost of FSRU.

Nigeria's NNPC denies allegations of unofficial crude oil exports

United Oil and Gas reports disappointing results from SW-1X exploration well

AfrOil: Afentra sees acquisition of Angolan assets delayed until early 2023

AIM-listed Afentra said in a statement on December 14 that it did not expect to achieve its goal of finalising the acquisition of minority stakes in two blocks offshore Angola before the end of 2022.

Nigeria's president signs $49bn budget, defers Finance Bill due to conflict with Petroleum Industry Act

Algeria’s gas exports surge to 56 bcm, expected to double in 2023

South Africa: substantial decrease in petrol, diesel price brings relief to motorists in the new year

South Africa: substantial decrease in petrol, diesel price brings relief to motorists in the new year

Nigeria’s TUC criticises country’s inability to add value to oil production

Egypt launches new international tender for oil and gas exploration rights in Nile Delta and offshore Med

Eni to deploy, install second FLNG unit at Marine XII offshore ROC

Italy’s Eni has arranged to deploy and install a second floating LNG unit at the Marine XII block located offshore Republic of Congo.

Mozambique’s INP signs contracts with CNOOC, Eni for six offshore blocks

Mozambique’s National Petroleum Institute has signed contracts for six of the offshore blocks included in the country’s sixth licensing round with Italy's Eni and China's CNOOC.

Ghana rakes in $486.2mn from carbon sale pilot project