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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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Saipem secures contract to monitor GreenStream gas pipeline connecting Libya and Italy
Italian energy infrastructure services firm Saipem has secured a multi-year contract to monitor the vital gas pipeline GreenStream connecting Libya and Italy.
Ex-Goldman Sachs banker extradited to US in Ghana bribery case around Tema Oil Refinery
Logistic costs to make petrol more expensive in Uganda than Kenya.
In a significant development affecting fuel pricing dynamics between Uganda and Kenya, discrepancies in pipeline and logistics costs have emerged, complicating Uganda's efforts to achieve cheaper oil imports by bypassing Kenya.
Fuel prices in Ghana by 4%, impacting transportation and food costs
Fuel prices in Ghana have increased by 4% as the second pricing window begins.
Chappal Energies acquires stake in Shell Petroleum Development Company
Chappal Energies has finalised a sale and purchase agreement to acquire a 10% non-operated interest from TotalEnergies Exploration and Production Nigeria in the Shell Petroleum Development Company (SPDC).
Tetracore Energy to launch Ghana's first virtual gas pipeline network
Tetracore Energy Group is set to launch Ghana's first virtual gas pipeline network and compressed natural gas (CNG) mother station this year, having secured all licences to supply natural gas through the West African Gas Pipeline (WAGP) network.
AEW 2024 to host country-specific sessions for investment opportunities across Africa
The upcoming African Energy Week (AEW): Invest in African Energy conference, Africa’s premier event for the energy sector, will take place from November 4-8 in Cape Town, South Africa.
Toronto-listed ReconAfrica seals $141mn deal with BW Energy to progress oil project in Namibia
Canadian oil and gas company Reconnaissance Africa (ReconAfrica) has agreed to sell 20% interest in its majority-owned exploration licence in Namibia to BW Energy Limited (BW Energy) for $16mn, it has said.
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
Egypt to pay off $3.2bn in dues to foreign oil firms in FY 2024/25
The Egyptian government has announced a plan to pay off its dues owed to foreign oil companies operating in the country, allocating $3.2bn in three instalments to pay part of the arrears to these firms during FY 2024/25.
Global oil supply to continue outstripping demand in H2: IEA
Global oil demand in the second half of this year will be higher than supply, putting upward pressure on prices.
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
Glencore's South African unit Astron Energy finalising work to restart 100,000 bpd refinery
Astron Energy (Astron), owned by global commodities giant Glencore, has committed to restarting its oil refinery in South Africa.
Egypt plans to invest $1.2bn to drill 110 gas wells in FY2024/25
Egypt plans to invest $1.2bn to drill 110 exploratory gas and oil wells during the fiscal year 2024/25 as part of a $7.2bn investment plan to increase production by 2030 through the drilling of 586 wells, according to a minister.
South Africa eyes Russian LNG
South Africa should not be “ashamed of importing gas from Russia,” the former country’s energy minister, Gwede Mantashe, told parliament in Cape Town on July 11.
Global LNG trade rises by 3.1% in 2023
Global LNG trade climbed 3.1% last year with an average of 52.9bn cubic feet per day a report released by the International Group of Liquefied Natural Gas Importers revealed.
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