AfrOil - Africa Oil & Gas

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Oil & Gas

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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.

 AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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ExxonMobil board reportedly weighs scrapping $30bn LNG project in Mozambique

21 October 2021

Following a reshuffle on its board of directors, ExxonMobil is debating whether to continue with several major oil and gas projects, including the $30bn Rovuma LNG initiative in Mozambique, the Wall Street Journal reported on October 20.

ExxonMobil board reportedly weighs scrapping $30bn LNG project in Mozambique

21 October 2021

Following a reshuffle on its board of directors, ExxonMobil is debating whether to continue with several major oil and gas projects, including the $30bn Rovuma LNG initiative in Mozambique, the Wall Street Journal reported on October 20.

Kampala submits bill that would ease UNOC’s access to oil revenues

20 October 2021

Uganda’s government has drawn up legislation that would allow the national oil company to access the proceeds from its share of future crude production.

Kenya rejects ICJ judgment giving Somalia control of disputed offshore territory

20 October 2021

Kenyan President Uhuru Kenyatta has rejected a decision by the International Court of Justice (ICJ) that grants Somalia control of disputed waters in the Indian Ocean, saying it will further strain relations between the countries.

Egypt on target to be self-sufficient in gasoline, diesel by 2023

20 October 2021

Egypt is on target to be self-sufficient in gasoline and diesel production by 2023, Petroleum Minister Tarek El Molla has said.

Nigeria's DPR revokes licences of two National Oilwell Varco subsidiaries amidst labour dispute

20 October 2021

Nigerian authorities have revoked the operating licences of two subsidiaries of Texas-based National Oilwell Varco (NOV), citing “unrepentant flouting of rules and regulations” governing the oil and gas industry.

Petronor secures one-year extension for A4 licence offshore The Gambia

20 October 2021

Petronor (Norway) says the government of The Gambia has extended the term of its licence for the offshore block known as A4 by one year.

Shearwater GeoServices says 4D survey is under way at TotalEnergies’ Block 32

20 October 2021

Shearwater GeoServices (Norway) said on October 14 that it had begun a 4D offshore monitor survey for Total E&P Angola, a subsidiary of TotalEnergies (France) at the Louro-Mostarda Development areas of Block 32.

SDX Energy spuds MSD-21 infill development well at Meseda field

20 October 2021

AIM-listed SDX Energy spudded the MSD-21 infill development well on the Meseda field in Egypt’s Eastern Desert on October 16.

Russia’s Tatneft resumes oil exploration in Libya’s Ghadames basin

20 October 2021

Russia’s Tatneft, in co-operation with Libya’s National Oil Corp. (NOC), has resumed exploration drilling in the country after a 10-year hiatus.

Renergen deal could help establish helium spot market

20 October 2021

South African company set to begin trading helium once its LNG plant comes on stream.

Maersk Drilling set to drill “world-record” deepwater well offshore Angola

20 October 2021

TotalEnergies E&P Angola has exercised its option to use the Maersk Voyager, a seventh-generation drillship owned by Maersk Drilling (Denmark), to sink the ultra-deepwater Ondjaba-1 exploration well at Angola’s Block 48.

Occidental Petroleum sells off assets to Kosmos Energy, GNPC

20 October 2021

US-based Occidental Petroleum has sold off its stakes in two Ghanaian oilfields for $750mn in an effort to end a two-year divestment designed to reduce debt.

Nigerian government facing growing fuel subsidy budget crisis

20 October 2021

Nigeria’s government is facing a growing budget crisis, as a subsidy policy designed to protect the population from growing oil prices is putting increasing pressure on the federal budget.

Fitch puts Kosmos on ratings watch positive after Ghana deal with Occidental

20 October 2021

Fitch Ratings has changed the status of US-based Kosmos Energy to Rating Watch Positive (RWP) in light of the company’s recent deal with Occidental Petroleum for the acquisition of stakes in several Ghanaian oilfields.

Ghana's Tema Oil Refinery ought to be privatised

20 October 2021

Senyo Hosi, the CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has said that the Tema Oil Refinery (TOR) has to be privatised to stop it from acting as a drain on the Ghanaian economy.

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Edited by

Jennifer deLay

Editor

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