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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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Dangote Refinery gasoline set to cost more than imported fuel
Gasoline produced at the Dangote Oil Refinery in Nigeria will not be cheaper than imported fuel, the Nigerian National Petroleum Company Ltd (NNPCL) has announced.
Zimbabwe's opposition pushes for harnessing greater investment into coal-bed methane potential
Nigeria’s state oil company forecasts 11% jump in gasoline prices following Dangote deal
AfrOil: Shelf Drilling secures $60mn contract in Nigeria
US financier Ex-Im Bank considering lending to planned Eni-led LNG project in Mozambique
Aminex, ARA Petroleum Tanzania receive Ntorya development licence at handover ceremony
NNPCL refuses to buy gasoline from Dangote refinery
The Nigerian National Petroleum Co. Ltd.’s (NNPCL) spokesperson Olufemi Soneye said last week that the company would not be purchasing fuel produced by 650,000 barrels per day (bpd) Dangote Refinery.
Libya's crude oil exports drop 81% on back of central bank crisis
Global heating could exceed 3°C by end of century, say researchers
Methane emissions are rising faster than ever before, says new research led by Stanford University. The problem is so dire that global heating could exceed 3°C by the end of century, a level at which there would be chaos at an unprecedented level.
Nigeria's oil production approaches 2024 budget target
Nigerian regulator approves $1.3bn Shell asset sale to Renaissance
The $1.3bn sale of Shell International’s onshore assets to Renaissance, a consortium of local and international companies, has been approved by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Nigeria’s NNPCL and US major Chevron complete transition of oil assets
The Nigerian National Petroleum Company Ltd (NNPC) and its joint venture partner, Chevron Nigeria Ltd (CNL), have completed the conversion of five joint venture assets in line with the Petroleum Industry Act (PIA) of 2021, local media report.
UTM Offshore gets green light to build Nigeria’s first floating LNG facility
Nigerian firm UTM Offshore has been granted approval by national regulators to move ahead with construction of the country’s first floating LNG facility.
Australian junior Invictus Energy identifies eight new gas prospects at Zimbabwean project
Australian natural gas explorer and developer Invictus Energy Limited (Invictus) has identified eight prospects in a recently-concluded interpretation of survey data collected from the eastern section of its large acreage in Zimbabwe.
Ugandan crackdown on activists intensifies amid oil mega-project protests, FIDH says
Ugandan authorities have significantly escalated their crackdown on activists opposing oil mega-projects in the Lake Albert region, with the International Federation for Human Rights (FIDH) reporting at least 81 arrests and detentions since May 2024.
Shelf Drilling secures $60mn contract in Nigeria
Shelf Drilling, a leading international offshore drilling contractor, has announced two new awards in West Africa for two jack-up rigs in Nigeria.
48 dead in Nigeria after fuel tanker collides with lorry
OPEC+ delays planned unwinding of cuts amid pressures
In June, eight members, including Saudi Arabia, Russia, Iraq and the UAE, said that they would begin unwinding some of their “voluntary” cuts from October.
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