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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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Italian oil major Eni plans to inject along with its partners $7.7bn in Egypt
Eni, which has been operating in Egypt since 1954, has also been awarded exploration rights in North Rafah, North El-Fayrouz, Northeast El-Arish, Tiba and Bellatrix-Seti East.
Eni to sell NAOC subsidiary to Oando
Italian energy group Eni has announced an agreement to sell its fully-owned unit Nigerian Agip Oil Co. (NAOC) to Oando, a Nigerian energy firm listed on the local exchange and in Johannesburg.
Shell's Namibia Cullinam-1X exploration well yet to discover oil and gas
Both Shell and TotalEnergies (France) have recently made discoveries off the coast of the southern African country, which has yet to produce and oil and gas, but which Reuters notes is attracting increasing interest from other multinationals.
Kenya Pipeline Company advances plans to take over KPRL refinery assets
Kenya Pipeline Company (KPC) has set in motion the process to take over assets belonging to Kenya Petroleum Refineries Ltd (KPRL), a now-defunct company set up by British companies Shell and BP to serve the East African region.
British and Ugandan investors buy 11.45% of TAQA Arabia
ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
Algeria’s state-owned energy group Sonatrach discovered ten gas fields in H1
Algerian state-owned energy group Sonatrach announced it discovered ten new oil and gas discoveries during drilling operations in H1 of the current year, Algerian Radio reported on August 29 citing Sonatrach's exploration director, Rabie Badji.
RISK ADVISORY: Changing Sonangol – can Angola finish what it started?
After a promising start, President João Lourenço’s ambitious plan to reform Angola’s state oil company Sonangol appears to have ground to a halt.
$325bn EU infrastructure fund eyes African clean jet fuel projects, likely in South Africa, Kenya, Ethiopia
Pertamina signs raft of African deals during Indonesian president's tour
Indonesia’s state-owned oil and gas company Pertamina signed several agreements with African countries last week during a tour of the region by President Joko Widodo, who attended the BRICS summit in South Africa.
Egypt’s oil ministry plans to launch international tender for 8-10 concessions
Egypt’s oil ministry plans to launch a tender for companies to explore for oil and natural gas in 8-10 concessions by the end of this year or the beginning of 2024. These will likely be concentrated in the Gulf of Suez, Red Sea and the South Valley.
Eni starts oil and gas production at huge Ivory Coast offshore field Baleine
Eni has begun oil and gas production at the huge Baleine field in deep waters offshore Ivory Coast, just two years after its discovery, the Italian energy major announced on August 28, confirming a previous statement by the Ivorian energy ministry.
BP and partners to invest $3.5bn in Egypt’s hydrocarbon sector over next three years, CEO says
Kinetiko considers secondary listing to fund South African LNG plans
Australia’s Kinetiko Energy is debating listing on a secondary stock exchange in either London or Johannesburg in order to secure additional funds for its LNG development plans in South Africa, CEO Nick de Blocq said.
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