AfrOil - Africa Oil & Gas

20 January 2023

IEA expects an inflection in oil markets in 2023 when demand will exceed supply

19 January 2023

The International Energy Agency reports that oil demand this year will grow by 1.9mn bpd, to a record 101.7mn bpd, and supply by 1mn bpd, to 101.1mn bpd, in its first monthly report for 2023 released on January 18.

DR Congo awards potentially gas-rich blocks to US, Canadian companies

18 January 2023

The Democratic Republic of Congo (DRC) has selected the top bidders for three of the blocks included in last year’s onshore licensing round.

Uganda signs exploration deals for Turaco, Kasuruban blocks

17 January 2023

Uganda’s government has signed deals for two new blocks in the western part of the country, near Lake Albert.

London Court of Appeal dismisses NGO’s attempt to bar UKEF from funding Mozambique LNG

17 January 2023

Friends of the Earth, an international environmental group, has failed to overturn a lower court ruling green-lighting the UK’s plan to provide funding for the Mozambique LNG project.

Wison marks beginning of work on FLNG for Marine XII block offshore Republic of Congo

17 January 2023

China’s Wison Offshore & Marine has officially started work on a floating LNG vessel that will be installed at the Marine XII block, located offshore Republic of Congo.

AfrOil: Snam acquires 49.9% stake in Algeria-Italy gas pipelines from Eni

16 January 2023

The Italian natural gas grid operator Snam has acquired Eni’s 49.9% stake in companies operating two groups of gas pipelines between North Africa and Italy for €405mn ($435mn).