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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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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.
Gabon's oil worker union ONEP issues December strike warning
Zimbabwe's oil infrastructure company NOIC finishes building 650-tonne LPG storage terminal
Carlyle faces Gabon’s preemption in $1.3bn sale of Assala Energy deal to Maurel & Prom
Equinor sells Nigeria oil business to Chappal Energies
Norwegian energy group Equinor announced on November 29 it will sell its Nigerian business, including its stake in the Agbami oil field, to Nigerian-owned Chappal Energies for an undisclosed amount.
OPEC discussions reach impasse as Nigeria and Angola refuse to accept lowered production quotas
Nigeria and Angola, key members of the Organisation of Petroleum Exporting Countries (OPEC), have rejected a reduction in their crude oil production quotas.
Japan pledges to work with Mozambique towards restarting $20bn LNG project
Mozambique and Japan have committed to collaborate on resuming the development of a LNG project in the north of the African nation halted in 2021 due to security concerns.
Libya needs $17bn to increase crude output to 2mn bpd, says NOC head
Libya's state oil firm, the National Oil Corporation (NOC), needs a budget of $17bn to fulfil its plan target of raising the crude output to 2mn bpd in three to five years from around 1.29mn bpd currently.
Ghana's Quantum Oil reaches "amicable" settlement with IFC, OPEC Fund, ending $41mn lawsuit
Nigeria-Morocco gas pipeline to begin constitution in 2024, Abuja says
The $25bn Nigeria-Morocco Gas Pipeline (NMGP) will begin construction in 2024, Nigeria's energy minister, Ekperikpe Ekpo, has said.
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