AfrOil - Africa Oil & Gas

29 May 2023

Gabon ship registry doubles as country offers safe haven for shadow fleet carrying Russia’s sanctioned oil

26 May 2023

S&P Global data show 98% of tankers registered under Gabon's flag weighing above 10,000 deadweight tons (dwt) are 'high-risk' vessels under Russian trade and shipping sanctions or have unidentified ultimate group owners.

Nigeria expects to launch $50bn worth of new oil projects in next five years

26 May 2023

Nigeria is on track to launch a number of upstream oil development projects worth more than $50bn within the next five years, according to the head of the NCDMB.

French oil major TotalEnergies and partners adopt action plan on resumption of $20bn gas project in Mozambique

25 May 2023

A consultant appointed by French oil giant TotalEnergies has released an action plan that could lead to the company resuming the construction of a $20bn liquefied natural gas project in northern Mozambique.

Algerian natural gas exports to Southern Europe remains strong so far in 2023

25 May 2023

Algerian natural gas exports to Southern Europe remained strong so far in 2023, as Italy’s demand is high and gas flows to Spain have recovered and are reaching their highest levels.

Ghana watchdogs slam GNPC move to sell Jubilee Oil Holdings stake to South Africa’s PetroSA

24 May 2023

A group of 32 civil society organisations has slammed attempts by Ghana National Petroleum Corp. (GNPC) leadership to push forward the sale of a 50% stake in a subsidiary, Jubilee Oil Holdings Limited (JOHL), to PetroSA.

TotalEnergies’ Mozambique LNG restart moves a step closer with action plan and funding announcements

24 May 2023

TotalEnergies and its partners at Mozambique LNG revealed on May 23 they will invest $200mn in a foundation to create economic growth in the local community. The announcement is viewed as a signal that the project's restart is around the corner.

Dangote Petroleum Refinery aims to slash Nigeria's $26bn petroleum import bill

23 May 2023

Nigeria’s newly constructed Dangote Petroleum Refinery is a step towards helping the country tackle its $26bn foreign exchange bill for imported petroleum products and fertiliser, the Governor of the Central Bank of Nigeria (CBN) has said.

Shell, Equinor expect to sign HGA, PSA for Tanzania LNG project within next few weeks

22 May 2023

Shell (UK) and Equinor (Norway) are preparing to sign a host government agreement and a production-sharing agreement for Tanzania LNG, an ambitious natural gas production and export project, in the near future.

Libya resumes gas exports to Italy after Mellitah plants upgrade

22 May 2023

Last week, around 3mn cubic metres of gas arrived at the arrival point in Gela in Sicily. The amount, however, is only nearly one third of the 9 mcm Italy usually receives daily from the Mellitah plants.

Libya to raise crude production by 8% to 1.3mn bpd by December, says NOC head

19 May 2023

The head of Libya’s state oil group National Oil Company (NOC), Farhat Bengdara, said the utility plans to raise crude production by 8% by December this year to reach 1.3mn barrels per day by the end of the year.