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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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Sound Energy sells Moroccan assets for $45.2mn to Managem
London-listed Sound Energy sold assets in Morocco for $45.2mn to Managem, Sound Energy said in a press release on Tuesday, June 18. The sale will have an effective date of January 1, 2022.
NNPCL signs agreement for deployment of FLNG facility
The Nigerian National Petroleum Co. Ltd (NNPCL) and Bermuda-based Golar LNG have signed a project development agreement for the deployment of a floating liquefied natural gas facility in Nigeria.
Nigeria adds 17 deep offshore oil blocks to 2024 licensing round
Nigeria has expanded the 2024 Licensing Round for oil fields by adding 17 new deep offshore oil blocks.
Nigeria's Dangote refinery delays gasoline deliveries
Nigeria’s Dangote refinery has announced that it will be delaying the start of gasoline deliveries until July 15 – with Dangote Group CEO Aliko Dangote providing little insight into reasons for the decision.
Ethiopia discovers significant natural gas reserves, eyes production by next year
Ethiopia has identified substantial natural gas reserves amounting to 21.3bn cubic meters in the Ogaden region, located in the country's southeast. This announcement was made by the Ethiopian Herald, a state-owned media outlet.
Kinetiko Energy raises more funding to accelerate development of onshore gas asset in South Africa
Benin issues suspended sentences to Nigeriens amidst intensifying diplomatic dispute over oil exports
Nigeria lost 400,000bpd to theft in 2023 – report
NNPCL to halt legal action against ExxonMobil's planned sale of oil & gas assets to Seplat Energy
Venezuela and Nigeria aim to strengthen ties in oil and gas sector
Pedro Rafael Tellechea, Minister of Petroleum and president of PDVSA, led the Venezuelan delegation in a meeting with Nigerian Prince Arthur Eze, who also serves as director of Atlas Oranto Petroleum.
SBM Offshore buys stakes in Angolan FPSOs
SBM Offshore has realigned its business in Angola by acquiring shares in the lease and operating entities of FPSOs from Sonangol, while simultaneously divesting its stake in the Paenal shipyard to a Sonangol subsidiary.
ASX-listed gas explorer Kinetiko Energy raises $3.3mn to undertake a five-well flow testing campaign in South Africa
Kinetiko Energy (Kinetiko), a company which is exploring for gas in South Africa, has raised $3.3mn which it will use for a five-well flow testing programme at its onshore permit east of the country.
Nigerian modular refineries running below capacity due to feedstock troubles
Nigeria is still struggling to produce the feedstock needed for its refineries to run at full capacity, with policies from international oil companies, oil theft and pipeline vandalism all playing vital roles in perpetuating the issue.
Chariot, Energean set to drill two wells at Lixus license offshore Morocco
Africa-focused energy firm Chariot Limited expects drilling operations inside the Anchois-East well in the Lixus licence offshore Morocco to start in August, betting on the drillship Stena Forth to accomplish the mission.
Nigeria reduces signature bonuses for oil blocks
Oil tanker stranded at Nigeria's Dangote refinery due to payment issues
A large oil tanker has been stuck at Dangote refinery as of June 6, awaiting the discharge of its 1.9mn-barrel cargo due to alleged payment issues.
Libya's oil output average 1.11mn bpd in Q1 2024
Nigeria’s NNPCL signs deal with Golar to deploy FLNG
State-owned Nigerian National Petroleum Corporation has inked a contract with marine LNG infrastructure firm Golar for the deployment of a floating LNG unit off the coast of the Niger Delta.
Woodside achieves first oil at Sangomar in Senegal
Woodside Energy has successfully achieved first oil from the Sangomar field, marking a significant milestone for the Australian giant in offshore oil production for Senegal.
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