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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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Nigerian marketers may drop Dangote Refinery in favour of low-cost imports
Nigerian oil marketers revealed this week that the price of petrol imports had dropped from N955 ($0.61) per litre to N922.65 ($0.59), with the price encompassing import duties, shipping fees and exchange rate fluctuations.
Trump calls on OPEC to ramp up oil supply
"Right now the price is high enough that that war will continue," Trump said at Davos.
Zimbabwe-focussed gas company Invictus Energy details "milestones" it scored in quarter to December 2024
Nigerian president to inaugurate five mini LNG projects
Nigerian President Bola Tinubu will inaugurate the construction of five mini liquefied natural gas projects in Ajaokuta on January 30.
ASX-listed Red Sky Energy makes its first African oil and gas market entry in Angola
Red Sky Energy, an Australian oil and gas exploration and development company, has made its debut in Africa’s oil and gas market by securing a 35% interest in Block 6/24, situated offshore in Angola’s Kwanza Basin.
Fire breaks out at Sudan’s largest oil refinery Al-Jaili
A fire broke out at Sudan’s largest oil refinery, Al-Jaili, on January 22, with thick smoke visible over Bahri and neighbouring Omdurman
Libyan oil production increases to 1.418mn bpd
Libyan oil production rose to 1.418mn barrels per day on January 26, up from 1.408m days earlier, the Libya Observer reported. Condensate production fell to 45,595 barrels from 51,064 barrels.
Algeria set to invest $50bn in next four years to increase oil exploration and production
Africa-focused Savannah Energy revenue dips slightly to $258.7mn, total income rises
Stanbic IBTC launches $95mn rights issue on Nigerian Exchange for gas and energy projects
Nigeria attracts $6.7bn in energy investments in 2024
NNPC launches pipeline overhaul to boost Nigeria’s energy security
The Nigerian National Petroleum Company Limited (NNPC) has launched a major rehabilitation programme to modernise its ageing pipelines and depots, aiming to bolster Nigeria’s energy infrastructure and resolve inefficiencies in petroleum distribution.
Nigeria’s Dangote refinery fights to block refined petroleum imports
Dangote refinery’s lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Co. Ltd. (NNPCL) came up for hearing on January 20.
PetroSA deal with Gazprombank Africa to revive Mossel Bay refinery reportedly nearing collapse
PetroSA's deal with Gazprombank Africa to restart its dormant gas-to-liquids (GTL) refinery in Mossel Bay is reportedly nearing collapse as the Russian bank has failed to meet its financial commitments.
Nigeria grants refinery licence to MRO Energy in Delta State
Libya aims to boost oil refining capacity by 33% to 400,000 bpd
Nigerian court adjourns Dangote Refinery lawsuit over issuance of oil import licences to competitors
Badr El-Din Petroleum announces gas discovery in Egypt’s Western Desert
Egyptian private energy firm Badr El-Din Petroleum (BAPETCO) announced a new gas discovery in the Badr-1 area in the Western Desert through the exploratory well 10-2X, following the success of well 10-1X
Portugal to replace Russian LNG with supply from US and Nigeria
Portugal will look to the US and Nigeria for more supply of LNG to replace purchases from Russia.
Mozambique will not review contract terms for LNG project with TotalEnergies
Mozambique’s freshly inaugurated President Daniel Chapo says his government is not seeking to review contract terms with TotalEnergies on the stalled Mozambique LNG project.
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