AfrOil - Africa Oil & Gas

Chevron, GEPetrol sign PSCs for two blocks in Equatorial Guinea

Egyptian Abu Qir Fertilisers suspends operations over disrupted natural gas supplies

Egypt plans to import $1.18bn worth of fuel to mitigate power outage crisis — PM

IPMAN shuts petrol stations in protest

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said on June 24 that it had closed around 1,800 petrol stations across Nigeria’s northeast in protest over the conduct of an anti-smuggling operation.

Port Harcourt, Warri refineries conclude test runs, begin preliminary production

The Nigerian National Petroleum Co. Ltd (NNPCL) has announced that Nigeria’s long-struggling Port Harcourt and Warri refineries have begun the preliminary production of petroleum products following successful conclusion of test runs.

Africa Oil Corp to gain full control of Nigerian operations

EACOP partners face financial crisis following delays with Chinese loans

Fossil fuel use reaches global high

A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.

Global gas flaring at highest level in five years

In 2023, the volume of gas flared globally rose by 9bn cubic metres to 148 bcm, the highest level since 2019, according to a new World Bank report. This is despite efforts to curtail the practice because of climate change.

Johannesburg-listed Kibo Energy announces updated corporate, financial arrangements

Kenya set to increase LPG consumption

The Kenyan government has announced plans to increase the country’s liquefied petroleum gas (LPG) use from 6.5kg per capita to 15kg per capita by 2027.

Chariot signs agreement with Vivo Energy for Loukos Onshore gas sales

Egyptian government extends scheduled power cuts to three hours per day

International oil companies accused of sabotaging Dangote Refinery's operations in Nigeria

Egypt seeks 17 LNG cargoes for summer, defers payment for six months

Shell starts providing LNG to Morocco via Spain

Mozambique's sovereign wealth fund to receive $33mn annual funding boost from gas projects

Mozambique plans to transfer the equivalent of $32.9mn yearly on average to the country's sovereign wealth fund from liquefied natural gas (LNG) revenues until 2027.

AfrOil: Nigeria adds 17 deep offshore oil blocks to 2024 licensing round

Nigeria's petrol prices skyrocket by 223% in a year

Nigeria extends submission deadline amid slow interest for oil block auction

TGS lands major data deal with Tanzania’s PURA ahead of deepwater licensing round

Houston-based TGS has clinched a major deal with Tanzania’s Petroleum Upstream Regulatory Authority (PURA) to manage & licence seismic data from offshore the East African country, where a deepwater licensing round is due to be revealed in 2025.

TotalEnergies launches Ubeta gas development to supply Nigeria LNG plant

Energean cashes in €883mn from Croatia, Egypt and Italy asset sale

Energean will offload assets in Croatia, Egypt and Italy as part of a strategy to focus on core gas development projects.

Nigeria's OML 29 oil field shut down following spill

Eni plans to sell $1.1bn stake in Ivory Coast exploration operations

NNPCL and TotalEnergies close to finalising $550mn gas processing plant deal in Nigeria

Ghana signs $12bn deal for first phase of ambitious petroleum hub project

Mozambique extends Matola Gas pipeline concession 15 years

Mozambique has extended a pipeline concession held by the Matola Gas Company (MGC) for the transport of gas from the administrative post of Ressano Garcia, on the border with South Africa.

Angola’s Sonangol, Chevron unit sign contracts for oil exploration in lower Congo basin