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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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Somalia agrees energy deal with Turkey that permits Turkish drilling in exclusive economic zone
Nigeria launches airstrikes on illegal refineries
Director, Public Relations and Information, Nigerian Air Force (NAF) Edward Gabkwet said in a statement on March 3 that the NAF had destroyed two illegal refineries as well as some boats in an airstrike conducted March 1.
TotalEnergies, QatarEnergy signs agreement to expand presence in prolific South African basin
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
Seplat to shift energy mix towards gas
Nigeria’s Dangote set to establish oil trading firm amid refinery supply issues
Nigerian billionaire Aliko Dangote is working to establish a trading firm to manage crude supply for his newly operational 650,000-bpd refinery in Lagos; BP, Trafigura, Vitol and others have offered loans.
Nigerian Navy intercepts Ghanaian-owned boat suspected of stealing crude oil
The Nigerian Navy, operating under Operation Delta Sanity, has arrested 13 people under suspicion of stealing crude oil.
Canadian oil explorer Eco bullish about its South Africa, Namibia oil prospects
Eco said in an update that last quarter was marked by "dynamic" activity in its work in the two African nations, as well as Guyana.
Iran, Iraq forge oil and gas partnership at GECF summit
Iran and Iraq signed a deal to solidify collaboration in the oil and gas sector at the Gas Exporting Countries Forum (GECF) summit in Algeria this week.
Nigeria’s NNPCL to help international companies divest from energy projects
NNPCL says that it is committed to facilitating efforts by international oil and gas companies (IOCs) to divest from domestic assets, contrary to some media reports.
Shell Egypt signs deal with EGAS for reducing greenhouse gas emissions
The Egyptian unit of global energy group Shell signed a framework agreement with the Egyptian Natural Gas Holding Company (EGAS) to manage and reduce greenhouse gas emissions from EGAS facilities.
Nigeria pays $120mn owed to gas suppliers
Nigeria’s Federal Government has made a payment exceeding $120mn to gas suppliers, in a significant step towards stimulating gas production in Nigeria.
Nigerian trade union urges Port Harcourt oil refinery to begin production
The Trade Union Congress (TUC) of Nigeria has urged the Nigerian government to push the Port Harcourt refinery to begin production by the end of Q1 2024, according to TUC President Festus Osifo – who released a statement on February 26.
Perenco commences drilling at Hylia South West in Gabon
Perenco Oil & Gas Gabon (POGG) has commenced drilling operations for an appraisal well near the Hylia South West discovery, situated offshore Gabon.
Kenya to run G2G oil deal until December, regulator says; more OMCs join scheme
Kenya will keep in place a government-to-government oil import deal until December, the EPRA says. OMCs One Petroleum Ltd One and Asharami Synergy has joined Galana Oil, Gulf Energy, Oryx Energy in the scheme.
Russian ban of gasoline exports to affect market prices in Libya
Marketers await fuel from Dangote
Nigerian oil marketers declared on February 25 that they were still waiting for supplies of refined petroleum products from the country’s $20bn Dangote refinery – four weeks after the plant began operations.
Eni’s ‘fast-track’ for Cyprus gas likely points to Egypt as market and re-export centre
Despite the ongoing war in the Gaza Strip, gas exploration and development in the East Mediterranean continues to be a prime focus for the countries and companies involved.
Africa Oil Corp. assessing potential south of Venus offshore Namibia
AOC is continuing appraisal drilling around the Venus oil discovery in the Orange basin offshore Namibia while its focus this year is to advance its core assets in that basin and in deepwater Nigeria and Equatorial Guinea.
Venezuela and Algeria forge gas sector collaboration amidst bilateral talks
Venezuelan Petroleum Minister Rafael Tellechea and President of Petróleos de Venezuela (PDVSA) convened with Algerian Energy and Mines Minister Mohamed Arkab in Caracas last week to explore collaborative ventures in the gas sector.
BP to inject $1.5bn in oil exploration investment in Egypt within next few years
Global oil group BP intends to inject up to $1.5bn in onshore and offshore exploration activities in Egypt within the next few years, with a feasibility to extend the sum to $5bn, group CEO Murray Auchincloss said.
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