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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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Nigerian National Petroleum Company Ltd will soon be listed, says NNPCL CEO
That’s according to Mele Kyari, NNPCL's group CEO, who announced during the 2024 CERAWEEK in Houston that the corporation would soon be listed, in line with the Petroleum Industry Act.
Zanzibar begins inaugural offshore licensing round
MIDOil to begin construction of refinery in Lagos
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
Port Harcourt to commence operations in two weeks, says Mele Kyari
CEO of the NNPCL Mele Kyari has said that the importation of refined petroleum products in Nigeria will stop this year.
Egyptian parliament approves three draft laws for oil exploration
The Egyptian parliament has finally approved three draft laws to sign oil exploration and development contracts with a number of firms, the petroleum ministry said in a statement.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
Nigeria-Morocco Gas Pipeline Project to see final investment decision in December, NNPCL says
Sonangol awards Lobito project management deal to KBR
US-based engineering company KBR announced in a March 14 press release that it had been awarded a project management contract by Sonagol for the design and construction of Angola’s planned 200,000 barrels per day (bpd) Lobito refinery in Benguela.
UTM offshore delays FID to second quarter for Nigeria’s first floating LNG project
Nigeria’s UTM Offshore has again been forced to push back taking a final investment decision on the country's first floating LNG project.
Nigeria is largest importer of European refined petrol in Africa – S&P
S&P Global Commodity Insights analysts have said that Nigeria has become Africa’s largest importer of European refined petrol as shipments from the continent to Africa increase.
Tullow Oil invests nearly $19bn in Ghana since 2010, delivers $6bn revenue to government
BW Energy begins production at Hibiscus South field offshore Gabon
BW Energy has commenced production from the Hibiscus South field in the Dussafu Licence offshore Gabon, just five months after its discovery in November 2023.
Oil-focused African Energy Bank to choose host nation in March, launch by end-June
African Energy Bank expects to launch by June 30 after selecting a host nation this month and aims to raise an initial $5bn from African signatories, international financiers and MENA states, its head said in an interview.
Polish Oil and Gas resumes exploration activities in Libya
The Polish Oil and Gas company will resume exploration activities in Libya’s Ghadames Basin from April following the lifting of the force majeure on the operations, it said following a meeting with state-oil utility the National Oil Corporation.
Eni’s Tango floating LNG project set to ship first cargo
Italian energy firm Eni is slated to deliver its first LNG cargo this week from the company’s Tango floating LNG facility located in Congolese waters, according to shipping data.
US produced more oil in 2023 than any country for sixth consecutive year
The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.
Second shipment of US WTI to arrive at Dangote Refinery in March
A second batch of US West Texas Intermediate crude oil is set to arrive at Nigeria’s 650,000 barrel per day refinery on March 13, according to Kpler data.
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