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Overview
AfrOil has always been at the forefront of news and analysis on political change in Africa. Leading commentaries in recent years have covered the Arab Spring in North Africa, the splitting of Sudan, and regional political divides in Nigeria and other countries. AfrOil not only provides analysis of what is happening on the political landscape, but gives insights in to what effects this may have on the oil & gas industry in these regions.
AfrOil highlights company activity throughout Africa, from planning and investment to production and results. Through its coverage of new projects and developments, as well as contracts or tenders being announced and won, AfrOil has allowed our customers to keep ahead of their competition and look for new opportunities across the continent.
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Oil tanker loaded with 1mn barrels explodes near Libyan coast
An oil tanker carrying 1mn barrels of crude exploded off the Libyan coast. The cause of the explosion remains unknown, and the vessel is being towed to Greece for inspection.
Tanzania, Zanzibar begin joint gas exploration on Pemba Island
Tanzania Petroleum Development Corporation, in collaboration with the Zanzibar Petroleum Development Company, has commenced preliminary natural gas exploration on Pemba Island.
Sidetrack drilling operations at Egypt’s Zohr-6 well completed
The offshore drilling rig Saipem 10000 has successfully completed sidetrack drilling operations at the Zohr-6 well in Egypt.
Reliance in early talks to acquire Rosneft’s stake in Nayara Energy
Russian oil giant Rosneft is in early-stage discussions with Reliance Industries to sell its 49.13% stake in Nayara Energy
Zambia secures 26% of Angola's Lobito Oil Refinery
Zambia has acquired 26% equity in an under-construction oil refinery in Angola. The $6.6bn, 200,000 barrels-per-day (BPD) Lobito Oil Refinery will be the southern African nation's largest.
Libya’s NOC reaffirms country’s sovereign rights in Eastern Mediterranean maritime borders
The National Oil Corporation (NOC) of Libya has reaffirmed the country’s sovereign rights over natural resources in the Eastern Mediterranean within its maritime borders.
OPEC+ poised for further oil output boost in August
OPEC and its allies are set to press ahead with another substantial increase in oil production for August
Israeli gas exports to Egypt resume at 1bn cubic feet per day as regional tensions ease
Israeli gas exports to Egypt rose to 1bn cubic feet per day following the resumption of production at the Leviathan and Karish gas fields operated by Energean, after a two-week halt due to the recent Iran-Israel escalation.
Angola's Sonangol signs cooperation agreements with MIT on oil, gas and critical minerals
Angola’s national oil company (NOC) Sonangol and US-based Massachusetts Institute of Technology (MIT) have signed two agreements to strengthen cooperation and knowledge transfer in oil, gas and critical minerals sectors.
Turkey’s TPAO, Libya’s NOC plan study of four Libyan offshore hydrocarbon areas
Turkey’s state-owned Turkish Petroleum Corporation (TPAO) and Libya's National Oil Corporation (NOC) intend to carry out a geological and geophysical study of four Libyan offshore areas.
Angola, US to advance cooperation in developing oil and gas, critical minerals and renewable energy
Angola’s Minister of Mineral Resources, Oil and Gas Diamantino Azevedo and US Secretary of Energy Chris Wright met on June 11 in Washington, D.C. to discuss cooperation in the oil and gas, critical minerals and renewable energy sectors.
Ghana fuel import chaos costs industry over $40mn in H1, disrupts energy security, distributors warns
AEC launches investment advisory service in Africa, urges World Bank to lift ban on financing oil and gas projects
EFCC arrests ex-NNPCL official and previous Warri managing director
Nigeria’s Economic and Financial Crimes Commission has arrested a former CFO of the Nigerian National Petroleum Co. Ltd (NNPCL), as well as a former managing director of the 125,000 barrel per day Warri refinery on June 23.
Nigeria and Equatorial Guinea sign Gulf of Guinea gas pipeline agreement
Nigeria and Equatorial Guinea have signed a joint communiqué to formalise cooperation on the Gulf of Guinea Gas Pipeline (GOGGP), advancing the regional energy infrastructure project intended to transport natural gas across West Africa.
Nigeria’s largest container terminal marks arrival of its first LNG-powered vessel
Nigeria’s largest container terminal, APM Terminals Apapa, has received its first LNG-powered vessel.
Nigeria: Ex-NNPCL officials arrested over alleged $7.2bn refineries repair fraud
Nigeria’s Economic and Financial Crimes Commission (EFCC) has arrested a former CFO of the national petroleum company (NNPCL) over his alleged involvement in a $7.2bn fraud connected to the rehabilitation of three oil refineries.
Ivory Coast targets fivefold oil output increase by 2035
The Ivory Coast plans to increase its oil production more than fivefold by 2035, aiming to become one of Africa’s top five oil producers, following recent offshore discoveries and new international partnerships.
Namibia mulls financial incentives to kick-start offshore oilfield development
Namibia is considering financial incentives to fast-track the development of its Orange Basin oilfields managed by a consortium led by French supermajor TotalEnergies.
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