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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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Industry-first technology in US Gulf of Mexico may open ultra-high pressure offshore fields
First oil and gas are now being produced from a field in the US Gulf of Mexico so deep that the equipment must withstand record ultra-high pressures.
Shell, BP to support operational costs at Sapref refinery following sale
Shell and BP are set to pay $15mn to South Africa’s state-run Central Energy Fund to support operational costs at the 180,000 barrels per day Sapref refinery – a plant that is currently being sold by the two oil majors.
Africa-focused explorer Impact Oil & Gas to acquire remaining stake in Area 2 offshore South Africa
Helium producer Renergen's shares rocket 28% on news its South Africa plant Is fully functional
Venezuela wants to offer its oil reserves to the BRICS
Venezuelan Deputy Ambassador to the UN, Joaquín Pérez Ayestarán, has expressed optimism about Venezuela's potential inclusion in the BRICS group.
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.
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