AfrOil - Africa Oil & Gas

21 April 2023

Savannah Energy sells 10% stake in Cameroon Oil Transportation Company for $44.9mn

20 April 2023

AIM-listed Savannah Energy has signed a share purchase agreement with Cameroon's national oil company, Société Nationale Des Hydrocarbures (SNH), for the sale of 10% of the issued share capital in Cameroon Oil Transportation Company (COTCo).

Libya’s crude oil production reaches 1.2mn bpd, says NOC

19 April 2023

Libya’s state-owned energy group National Oil Corporation said on Wednesday, April 19 that the country’s crude oil production has reached 1.2mn barrels per day, according to a statement quoted by the Libyan News Agency.

Chinese financiers pull out of $2.8bn gas pipeline project in Nigeria

19 April 2023

The Abuja-Kaduna-Kano gas pipeline project in Nigeria has stalled due to financiers pulling out of the project, local media report.

Pancontinental Energy’s 3D seismic survey of PEL 87 offshore Namibia more than half complete

19 April 2023

Australia’s Pancontinental Energy is more than 50% finished with a 3D seismic survey campaign at PEL 87 offshore Namibia in the Orange basin.

Afentra reports some progress in Angolan minority stake acquisitions

19 April 2023

AIM-listed Afentra has reported some progress in its efforts to acquire minority stakes in two blocks offshore Angola.

UM6P, Shell sign MoU to produce low-carbon fuels in Morocco

19 April 2023

Morocco’s Mohammed VI Polytechnic University (UM6P) and British oil and gas group Shell have signed an MoU to explore investment opportunities for low-carbon fuels in Morocco such as sustainable aviation fuel, according to a press release.

Wison reportedly wins EPC contract from India’s Padah LNG for mystery Nigerian project

18 April 2023

China’s Wison Offshore and Marine has won a contract to provide procurement services for the builder of an onshore LNG plant in Nigeria’s Akwa Ibom State, Upstream Online has said.

Methanex Egypt signs agreement with Suez Methanol Derivatives to build methanol pipeline

18 April 2023

Methanex Egypt and the Suez Methanol Derivatives (SMD) Company have signed an agreement to develop the infrastructure for the supply of methanol from Methanex Egypt’s plant to the neighbouring SMD project in Damietta.

Beleluane Gas Co. begins seeking owners engineer for delayed Mozambican LNG import project

17 April 2023

BGC, the operator of a planned LNG import terminal in Mozambique, said late last week that it was seeking an owners engineer to supervise EPC activities for its project.

Ghana: What’s left unsaid about Aker ASA’s exit from Pecan

17 April 2023

Aker ASA's announcement on DWT/CTP fails to mention questions about Lukoil’s involvement in the project and Russia’s charm offensive in Africa.

Giant South African carbon emitter Sasol to intensify its green ambitions, but critics are unconvinced

14 April 2023

South Africa’s biggest polluter, Sasol, has recommitted to its net zero target by 2050, but indicated that its ability to meet the goal is dependent on profitability.

Nigeria takes step towards eliminating gasoline subsidies

14 April 2023

World Bank assistance funding will help Nigeria move to end its gasoline subsidy.