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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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State-owned CEF applies to manage largest fuel storage asset in South Africa
South Africa’s state-owned Central Energy Fund (CEF) has applied to the National Department of Transport to allow it to manage petrochemical assets at the Island View fuel storage facility in the port city of Durban.
Rwanda backtracks on claim of finding first oil reserves in Lake Kivu, says more research needed
Hemla E&P Congo becomes executive sponsor at Congo Energy & Investment Forum in March 2025
Oil and gas independent Hemla E&P Congo has become an executive sponsor at the inaugural Congo Energy & Investment Forum (CEIF), taking place in Brazzaville on March 25-26
South Africa's Natref refinery damaged by fire
South Africa’s 108,500 barrel per day Natref refinery – located in Sasolburg – suffered a fire on January 4, with no injuries reported.
US Department of Energy predicts 8% slide in Brent price in 2025
The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.
Dangote Refinery increases storage capacity
Nigeria’s 650,000 barrel per day Dangote Refinery is currently constructing eight new oil storage tanks to help tackle issues with crude supply.
Algeria’s oil output down 14% y/y to 1.3mn tonnes of oil equivalent by end-November 2024
ASX-listed D3 Energy reports "incredibly encouraging" flow rate at its exploration licence in South Africa
Fire at Sasol’s Natref crude refinery highlights South Africa’s dependence on fuel imports
A fire that resulted in the closure of Sasol’s Natref oil refinery has left South Africa with only one crude-processing plant running, highlighting a growing reliance on fuel imports.
Republic of Congo to announce licensing round for oil and gas blocks at energy forum in March
The Republic of Congo plans to officially launch its licensing round for open oil and gas blocks during the Congo Energy and Investment Forum (CEIF), scheduled for March 25-26, 2025, in Brazzaville.
Eco Atlantic announces board changes following completion of transaction for Block 3B/4B offshore South Africa
Eco Atlantic has announced board changes following the completion of its transaction with Africa Oil for the sale of a 1% participating interest in Block 3B/4B offshore South Africa
ASX-listed Invictus Energy's Zimbabwe gas project secures three-year licence extension
Zimbabwe’s government has extended, by another three years, a special grant licence for a natural gas project which is majority-owned by a Perth-based exploration and development company, Invictus Energy (Invictus).
Eco Atlantic, Africa Oil complete transaction for Block 3B/4B in Orange Basin offshore South Africa
AIM- and TSX(V)-listed Eco (Atlantic) has completed its transaction for the sale of a 1% participating interest in Block 3B/4B offshore South Africa to Canadian full-cycle oil and gas explorer and developer Africa Oil.
NNPCL set to modernise Port Harcourt, Kaduna refineries
The Nigerian National Petroleum Company Ltd. (NNPCL) has said that it plans to undertake a comprehensive overhaul of 210,000 barrels per day (bpd) Port Harcourt and 125,000 bpd Warri.
Namibia’s Ministry of Mines and Energy issues response to Shell’s Orange Basin exploration write-down
Namibia’s Ministry of Mines and Energy on January 9 issued a press statement in response to Shell’s announcement related to its oil discovery in the Orange Basin offshore Namibia in Petroleum Exploration Licence (PEL) 39.
Nigerian High Court freezes $225mn in assets tied to General Hydrocarbons, media mogul
Shell expects to take $400mn exploration write-off for oil find offshore Namibia
British integrated energy company Shell will write down around $400mn, primarily related to its oil discovery offshore Namibia, in its fourth quarter results expected on January 30.
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