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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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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.
Heavyweights Saudi Aramco, Abu Dhabi National Oil Company join race to acquire Shell's downstream unit in South Africa
Egypt plans to import 20 LNG cargoes to meet winter power demand
AEC Condemns CRI’s Campaign to Block Uganda Oil Project [Energy Insights]
The African Energy Chamber denounces Climate Rights International’s attempts to halt Ugandan oil investment and their interference in the country’s energy future.
Premium energy basins: Focus on emissions reduction as oil and gas demand persists [Energy Insights]
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand.
Libya allows oil tanker heading to Italy to load from Zueitina port
Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business
CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.
South African rail logistics utility Transnet, Singapore's Petredec in "landmark" LPG distribution deal
Kenya, Rwanda in talks to shift petroleum imports through Mombasa
China Petroleum secures $210mn deal to overhaul Algeria’s Alrar gas field
China Petroleum Engineering & Construction Company (CPECC) and Algeria’s state oil group Sonatrach have signed a $210mn contract to overhaul the Alrar gas field.
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