AfrOil - Africa Oil & Gas

10 March 2023

Morocco: Chariot says FEED work on Anchois gas development project is complete

9 March 2023

Chariot has completed front-end engineering and design (FEED) work on the main components of its Anchois natural gas project offshore Morocco.

Ghana-based AGM relinquishes South Deepwater Tano block

8 March 2023

AGM Petroleum plans to relinquish its stake in the largest contract area in the South Deepwater Tano (SDWT) block in Ghana, a contract area of 3,500 sq km situated in ultra-deep waters, Daily Graphic reports.

Tanzania completes talks with Equinor and Shell on $30bn LNG project

7 March 2023

Tanzania has concluded negotiations on a $30bn LNG project with Equinor (Norway) and Shell (UK), creating an opportunity for launching the development of the country’s vast offshore natural gas resources after years of delay.

Predator Oil & Gas shares down 7.7% on Moroccan permit difficulties

7 March 2023

Bureaucracy and difficulties in finalising approvals from the Moroccan government to authorise the use of explosives pushed down the shares of Predator Oil & Gas on Tuesday, March 7.

Woodside Energy wins right to acquire 56% in PEL 87 offshore Namibia

7 March 2023

Australia’s Woodside Energy has secured an option to acquire a 56% participating interest in Petroleum Exploration Licence 87 (PEL 87) offshore Namibia from Sintana, a Canadian company.

Shell strikes oil again with Jonker-1X well offshore Namibia

6 March 2023

Shell (UK) has reportedly struck oil in Jonker-1X, a well drilled at the PEL 39 deepwater licence area in the Orange basin offshore Namibia.

ExxonMobil seeks approval for sale of Nigerian oil production operations

6 March 2023

ExxonMobil Corp. is seeking approval from the Nigerian government to proceed with the sale of its $1.2bn shallow water oil production operations in the West African country. Exxon announced its intention to sell these assets a year ago.

Diesel shortage looms in Nigeria despite planned Dangote Refinery opening, S&P warns

6 March 2023

Nigeria may experience a shortage of diesel supply in the short term, despite the upcoming opening of the new Dangote Refinery in Q4 2023, according to a report by S&P Global Commodity Insights.

Global energy sector emissions reach new high in 2022

5 March 2023

Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.

Kenya oil uncertainty hits Canadian firm’s $170.6mn assets

4 March 2023

Canadian oil and gas company Africa Oil has booked a non-cash impairment charge of $170.6mn on its Kenyan assets following uncertainties over oil production in the country, Daily Nation reported.

Saipem wins $400mn drilling contract offshore Ivory Coast

3 March 2023

The contract won by Saipem was awarded by a joint venture owned by Eni Côte d'Ivoire and the state-owned Petroci, which is currently active in several exploration blocks off the Ivorian coast.

Egypt’s petroleum ministry launches first international bid round for mature fields

3 March 2023

Egypt’s petroleum ministry launched through its portal the first international bid round to develop eight maturing oilfields in the Gulf of Suez and Eastern Desert regions.