AfrOil - Africa Oil & Gas
NNPCL exports LNG to Japan, China
The Nigeria National Petroleum Company Ltd (NNPCL) has revealed that it is in the process of exporting liquefied natural gas to China and Japan, with company spokesman Olufemi Soneye disclosing the information on August 26.
Global oil prices rise following Libyan production shutdown
Oil prices rose significantly on August 26 following reports of Libyan production being shut down over political disagreements.
Africa Oil plans to increase interest in Impact to expand exposure in Namibia’s Orange Basin
Egypt announces discovery of new oil field in Western Desert
Eni’s Coral Sul FLNG achieves milestone of 5mn tonnes of LNG
Italian firm Eni achieved a key milestone with its Coral Sul floating LNG facility reaching production of 5mn tonnes of LNG at its site offshore Mozambique in the Rovuma Basin.
Shell's $1.3bn onshore asset sale reportedly rejected by Nigerian regulator
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reportedly rejected Shell International’s proposed $1.3bn sale of its onshore assets to the Renaissance consortium.
Namibia aspires to become one of Africa’s five largest oil producers by 2035
Namibia aims to become one of Africa’s largest oil producers by 2035, targeting an average output of 500,000 barrels per day (bpd), which would place it among the continent’s top five producers, surpassing Egypt.
Ugandan police detain 21 environmentalists protesting EACOP oil pipeline project
Ugandan police have arrested 21 people who staged a protest in Kampala against the East African Crude Oil Pipeline Project (EACOP), citing concerns over the project's impact on the environment and communities.
Nigeria's NNPCL expands LNG exports to Asia
Petronas sues South Sudan over blocked $1.25bn asset sale
Malaysian oil and gas company Petroliam Nasional Bhd. (Petronas) has initiated legal proceedings against South Sudan for allegedly obstructing the sale of its assets worth $1.25bn
Petronas files case with World Bank’s arbitration agency over abandoned oilfields in South Sudan
Oando secures $650mn loan for acquisition of NAOC
Nigerian oil firm Matrix Energy seeks court protection amid allegations of importing substandard petrol
Morocco becomes top importer of LNG from Spain
Ghana’s petroleum authority revokes licences of 13 oil marketing firms over $12.8mn debt
South African chemicals producer Sasol posts 66% full-year decline in profit due to weak prices
Uganda expands oil exploration to new regions amid production delays
Uganda is expanding its oil exploration efforts into two new regions, potentially boosting its proven reserves of crude oil, Energy Minister Ruth Nankabirwa announced on August 21
Ghana alleges 44 oil marketing companies embezzled a total of $3.8mn in missing levies
ExxonMobil pushes back FID for Mozambique’s Rovuma LNG project to 2026
Supermajor ExxonMobil is pushing back its final investment decision on the Rovuma LNG project in Mozambique until 2026.
NNPCL clarifies reasons for reducing stake in Dangote
The Nigerian National Petroleum Co. Ltd. (NNPCL) has released a statement clarifying reasons for reducing the company’s stake in Dangote Refinery from 20% to 7.2%.
Algerian energy giant Sonatrach eyes European expansion with Croatia as hub
Algeria's state-owned energy firm Sonatrach has expressed its intent to become a significant supplier of energy to Europe, with Croatia playing a role as a bridge to the continent
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