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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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Nigeria's oil output rises to 1.307mn bpd in July
Venezuela strikes major gas deal with Nigeria amid political upheaval
Venezuela has inked a significant natural gas development agreement with Nigeria's Veneoranto Petroleum Ltd., a move that underscores the country's efforts to revitalise its energy sector amidst ongoing political turmoil after a disputed election.
Nigeria's Dangote Refinery laments crude oil shortages as NUPRC fails to enforce supply regulations
Global Petroleum shares surge 60% on potential farm-in deal in Walvis Basin offshore Namibia
Tullow Oil reports 50% y/y jump in pre-tax profit in Ghana to $411mn amid tax dispute
Natural gas producer Orca Energy to claim $1.2bn in contractual dispute with Tanzania and TPDC
Libya declares force majeure at main Sharara oilfield
The announcement followed a near-complete shutdown of the oilfield after the son of the army’s leader Saddam Khalifa Haftar pushed his supporters to close it in retaliation for an arrest warrant issued by Spanish authorities.
Port Harcourt Refinery set to fully reopen in August
The Port Harcourt Refinery, one of Nigeria’s key oil processing facilities, is set to become fully operational this month.
Nigeria Senate criticises $1.5bn expenditure on Port Harcourt Refinery for lack of visible results
Axxela and NGML commission first phase of new gas pipeline in Lagos
Axxela Limited and NNPC Gas Marketing Ltd (NGML) have announced a new milestone in their ongoing 72.5-km pipeline infrastructure project with the commissioning of a 5-km natural gas pipeline network in Victoria Island, Lagos.
Swiss conglomerate Glencore invests $175mn in rebuilding oil refinery, takes $611mn coal impairments in South Africa
Swiss commodity multinational Glencore suffered $611mn in impairments related to its coal business in South Africa in the first half of 2024 due to export logistics challenges that have afflicted the economy for years.
Savannah Energy terminates $1.25bn deal for Petronas' South Sudan assets
British energy company Savannah Energy has called off its $1.25bn acquisition of Petronas' South Sudan oil and gas assets as the parties were unable to agree on final terms, the company revealed.
Equatorial Guinea explores $2bn financing deal with Trafigura to revitalise hydrocarbon sector
Equatorial Guinea has initiated discussions with Trafigura Group, exploring the potential for $2bn in financing to enhance the country's hydrocarbon sector.
Nigerian Navy seizes over 60 vessels in intensified crackdown on oil theft
In a concerted effort to combat oil theft and secure Nigeria’s oil resources, the Nigerian Navy has intensified its operations, resulting in the seizure of over 60 vessels involved in illegal activities over the past six months.
Ethiopia seeks alternative oil tankers as Djibouti port suspends operations
Ethiopia is pressing Djibouti to provide alternative tankers for incoming petroleum shipments following the suspension of operations at Djibouti's main oil port, according to officials familiar with the matter.
African energy advocacy group plans to sue Western financiers over discrimination against African oil and gas
Western financiers' discrimination against African oil and gas is "very unjust, hypocritical and colonial," the head of a key African energy advocacy group has claimed.
NNPCL exports new crude grade to Spain
The Nigerian National Petroleum Co. Ltd. announced on August 5 that it had launched Utapate – a new crude oil grade – into the international market with Spain as its first buyer.
Petrobras to bid on 40% stake in Galp’s Mopane oil prospect offshore Namibia
Brazil’s state-run oil and gas company Petrobras has made a non-binding offer to purchase a major stake in Portuguese major Galp Energia’s oil and gas discovery offshore Namibia in the highly prospective Orange Basin.
Nigeria losing $1,000 per barrel of oil produced, says expert
Nigeria is experiencing substantial financial losses in its crude oil exports, with an estimated $1,000 lost per barrel, the Institute for Energy and Extractive Industry Law has said.
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