AfrOil - Africa Oil & Gas

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Oil & Gas

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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.

 AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Saudi, Russia to stick with voluntary output cuts

9 November 2023

Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.

Nigeria states it will cancel idle modular refinery licences

9 November 2023

Nigeria’s federal government has stated that it will cancel modular refinery licences that have remained idle.

Nigeria launches Nembe crude oil grade

8 November 2023

The Nigerian National Petroleum Company Limited (NNPCL) and domestic energy company Aiteo have launched the Nembe crude oil grade into the international market.

Mozambique, Tanzania negotiate natural gas share agreement

8 November 2023

Mozambique and Tanzania are due to soon sign an agreement outlining the formula they will use to share natural gas from an offshore reservoir that straddles their common border.

Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war

8 November 2023

The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.

Moroccan king says country committed to finalising $25bn African gas pipeline project

8 November 2023

Moroccan King Mohammed VI reiterated Morocco’s commitment towards the ambitious $25bn (€23.4bn) gas pipeline project with Nigeria and said the project’s benefits will extend to European countries in terms of more energy supplies.

Uganda moves to nationalise fuel imports to secure supply, cut costs, end reliance on Kenya

7 November 2023

Uganda has initiated a move to nationalise the importation of petroleum products towards stabilising supply, bringing down retail prices, and ending its reliance on neighbouring Kenya.

UK explorer Helium One encounters "encouraging" results at Tanzania project

7 November 2023

Helium One said in an update that drilling reached a depth of 1,448 metres and encountered a geological basement, a development that confirms the presence of weathered crystalline formations.

Egypt’s import bill for hydrocarbons dropped by 15% y/y to $8.35bn in January-August of 2023/2024

7 November 2023

Egypt’s import bill for hydrocarbons and their by-products dropped by 15% y/y to $8.35bn (€7.8bn) in the first eight months (January-August) 2023/2024, mostly affected by falling imports of crude oil and refined petroleum products.

Kosmos Energy takes control of Senegal’s Yakaar-Teranga gas project

6 November 2023

Kosmos Energy, an American upstream oil company, has increased its working interest in the Yakaar-Teranga gas discoveries offshore Senegal to 90%, and has assumed operatorship.

BW Energy discovers commercially viable oil in Gabon

6 November 2023

BW Energy, the Oslo-listed oil and gas exploration and production company, has made a substantial oil discovery offshore Gabon as part of its multi-well programme.

Edited by

Jennifer deLay

Editor

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