AfrOil - Africa Oil & Gas

Egypt signs five oil and gas exploration and development agreements, bringing in $40mn-worth of investments

Tullow Oil seeks arbitration over disputed $387mn in back taxes imposed by Ghana

EU expects Egyptian LNG deliveries to remain high – official

Libya’s crude production to rise to 1.5mn bpd in 2023: AGOCO head

Bechtel and partners to establish unified power system for WDDM, ELNG in Egypt

Bechtel has signed an agreement with Shell on building a unified electrical power system for the West Delta Deep Marine (WDDM) natural gas-processing plant and the Egyptian LNG (ELNG) plant in Idku.

Galp agrees to sell Angolan upstream assets to Somoil for $830mn

Portugal’s Galp has arranged to sell its upstream assets in Angola to Sociedade Petrolífera Angolana (Somoil), a local company, for a total consideration of approximately $830mn.

Fewer businesses to take advantage of German energy subsidy plan than expected

AfrOil: NGOs file complaint against US insurer over role in EACOP project

Dual-listed Africa Oil Corp announces share buyback program results

Malaysia’s Petronas selling 74% stake in South Africa filling station giant Engen to Vivo Energy

Egypt plans to announce three oil & gas bid rounds this year

IMF urges Nigeria to eliminate domestic gasoline subsidies

The IMF is pressing Nigeria’s government to uphold its pledge to eliminate subsidies for domestic gasoline prices by the middle of this year, calling the current policy a drag on public finances.

Tests at Cabinda refinery to begin in December

ASX-listed Kinetiko Energy reports strong gas results in South Africa drilling campaign

Egypt expects $1.5bn of investments to be pumped into the oil and gas sector in FY2023/24