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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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Libya plans to raise crude production by 100,000 bpd in 2024
Libya’s National Oil Corporation plans to increase its crude output by 100,000 barrels per day (bpd) in 2024, its head, Farhat Bengdara, told The National. Higher production gives NOC a chance to replace reduced crude supplies from other places.
Energean signs $110mn deal with Chariot to co-develop two offshore licences in Morocco
London-based Energean signed partnership agreements worth around $110mn (€102.2mn) with energy group Chariot to support operations of two offshore licences in Morocco, according to a statement over the weekend.
AfrOil: Shell allots $5bn to Bonga North
Shell pledges $5bn for Nigeria’s Bonga North deep-water project
The commitment was announced during a meeting between President Bola Tinubu and Shell Group's leadership, led by Global Integrated Gas and Upstream director Zoe Yujnovich, on December 7.
Nigeria’s NNPCL signs agreements for two LNG projects
The Nigerian National Petroleum Corporation Ltd (NNPCL) has signed agreements for two liquefied natural gas projects in a bid to boost the country's natural gas utilisation and revenue.
TransGlobe Energy plans to drill four wells in Egypt in 2024
TransGlobe Energy plans to launch its campaign in Egypt for 2024 with the drilling of four wells within the framework of an intensive programme to enhance production, which reached around 11,500 barrels of oil equivalent per day in 2023.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
TotalEnergies to share methane detection, measurement technology with SOCAR, Sonangol, Petrobras
TotalEnergies will share its AUSEA methane detection, measurement technology with SOCAR, Sonangol and Petrobras.
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Transition risks for petrostates higher than ever, says report
Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.
COP28: Nigeria’s plan for African gas pipeline network unveiled
Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company (NNPCL), has unveiled ambitious plans to create a regional gas pipeline network supplying natural gas across Africa.
Mauritania to export LNG in mid-2024
Mauritania is set to make a significant mark on the global energy stage as it announces plans to commence its first liquefied natural gas exports in mid-2024.
OPEC+ extends voluntary cuts as Brazil prepares to join
The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas
British oil firm Prax acquires 36% of major South African refinery Natref from TotalEnergies
East Africa regional court dismisses case seeking to stop $3.5bn EACOP pipeline project
Angola rejects OPEC oil quota, vows to produce more crude
Nigeria sees OPEC quota cut to 1.5mn bpd
Mele Kyari reappointed as CEO of NNPCL
Nigerian President Bola Tinubu has announced the reappointment of Mele Kyari as CEO of the Nigerian National Petroleum Company Ltd. (NNPCL) in a bid to display continuity in the country’s oil sector.
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