AfrOil - Africa Oil & Gas

2 June 2023

Nigeria can no longer afford fuel subsidy, NNPCL says

1 June 2023

Nigeria’s NNPC Ltd has said that the country’s government can no longer afford to pay for costly fuel subsidies, said the company’s managing director Mele Kyari, a day after Nigeria’s President Bola Tinubu said the subsidy would be scrapped.

Abuja encouraged to prioritise revitalising refineries

1 June 2023

A renowned Nigerian energy lawyer and analyst has called on the country’s new leadership to prioritise the rehabilitation of currently mothballed refineries.

Oil production at northern Gesum North field jumps to 19,000 bpd in first half of 2023

1 June 2023

Proven oil reserves at northern Gesum North field in the PetroGulf concession in Egypt’s Eastern Desert shot up from 118mn barrels to 203mn barrels in the first half (January-June) of 2023.

UAE’s Dana Gas to invest $100mn to drill 11 new wells in Egypt

1 June 2023

UAE-based Dana Gas plans to invest $100mn in Egypt to drill 11 new wells, a company representative told Bloomberg Asharq. The new wells are expected to add an estimated 80bn cubic feet to the company’s reserves, boosting production levels.

BP’s offshore Greater Tortue Ahmeyim project suffers setback with delayed delivery of liquefaction vessel

31 May 2023

BP’s challenging Greater Tortue Ahmeyim (GTA) project located offshore Senegal and Mauritania appears set for a setback following the delay of the delivery of a floating liquefied natural gas vessel, Upstream reported on May 30.

NOC outlines plans for raising oil and gas output

30 May 2023

Libya’s National Oil Corp. has drawn up plans for increasing the production of both crude oil and natural gas.

Namibian government may seek minority stakes in mining, petroleum projects

30 May 2023

With concerns mounting over local control of valuable natural resources, Namibia is contemplating acquiring minority stakes in mining and petroleum production operations.

TotalEnergies postpones production testing at Venus-1X offshore Namibia

30 May 2023

France’s TotalEnergies has postponed production testing at Venus-1X offshore Namibia because of operational challenges with its designated drilling rig.

Scirocco may receive windfall payment from Ruvuma block in Tanzania sooner than expected

30 May 2023

Scirocco Energy may receive a substantial windfall payment of $5.5mn in the coming months, assuming that the Ruvuma natural gas project in Tanzania moves forward as anticipated.

Chevron reportedly begins sale process for ROC assets

30 May 2023

Chevron, the US oil major, has reportedly begun the process of unloading its assets in the Republic of Congo (ROC).

France’s TotalEnergies secures 20-year extension on Nigerian production licence

29 May 2023

French energy giant TotalEnergies has secured a 20-year extension on its production licence for the OML 130 block offshore Nigeria, it has revealed.