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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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AREWA Christians call on Nigerian president to reinstate Warri and Kaduna refineries
The Arewa Christians and Indigenous Pastors (ACIPA) have called on Nigerian President Bola Tinubu to expedite the rehabilitation of the moribund 125,000 barrels per day (bpd) Warri and 110,000 bpd Kaduna refineries.
TotalEnergies Kenya projects over 25% drop in 2024 net profit
TotalEnergies Kenya, a subsidiary of the French multinational oil and gas company TotalEnergies, has projected a more than 25% decline in its net profit for the year ending December 2024
ASX-listed 88 Energy reports progress at joint venture oil project in Namibia
88 Energy of Australia has said initial processing and interpretation of seismic data for the jointly-owned petroleum exploration licence 93 (PEL 93) in Namibia has confirmed 10 significant independent leads.
Equinor exits Azerbaijan and Nigeria in deals worth $2bn
Norway’s state oil company Equinor has completed its exit from upstream operations in Azerbaijan and Nigeria, finalising transactions valued at up to $2bn.
Dangote Refinery, PETROAN sign direct distribution deal to ensure fuel supply over festive period
OPEC+ extends delay to easing restrictions
OPEC+ has further delayed its plan to ease oil production quotas
Germany’s SEFE agrees to supply deal with Angola LNG
Berlin-headquartered gas importer Securing Energy for Europe (SEFE) has agreed to purchase 0.5mn of supply from Angola LNG on a medium-term contract.
Egypt signs ten-year agreement with New Fortress to lease floating gas unit
The Egyptian Natural Gas Holding Company (EGAS) has signed a ten-year agreement with New Fortress Energy (NFE) to lease a floating storage and regasification unit.
Japanese trading giant Mitsui, TotalEnergies aim to resume construction of $20bn LNG project in Mozambique
Libya to launch new round of gas exploration bids shortly
Libya’s National Oil Corporation plans to launch a new round of oil and gas exploration bids before the end of 2024, its head, Farhat Bin Qadara, said on December 3.
Namibia’s cabinet approves National Upstream Local Content Policy aimed at fostering energy independence
Namibia’s cabinet has approved the National Upstream Local Content Policy, a forward-looking initiative aimed at reducing reliance on foreign expertise by enhancing local capacity in the oil and gas sector
Petroleum marketers halt imports, rely on Dangote Refinery for fuel supply
Nigeria’s biggest petroleum marketers have revealed that they will be halting petrol imports after 650,000 barrels per day Dangote Refinery increased local supply.
Port Harcourt refinery loading products daily
Nigerian National Petroleum Co. Ltd. (NNPCL) has revealed that part of its rehabilitated 210,000 barrels per day Port Harcourt Refining Complex (PHRC) at the Area 5 terminal is now ready to commence loading of around 200 trucks per day.
Ghana boosts oil output with Afina appraisal success
Ghana has achieved a major milestone in its oil and gas industry after Springfield Exploration & Production (Springfield E&P) and partners completed appraisal testing at the Afina discovery in the offshore West Cape Three Points Block 2.
Petrofac announces first oil flow at Erawin field in Libya
Galp Energia strikes light oil, gas condensate at Mopane-1A well in Namibia’s Orange Basin
Portuguese oil and gas company Galp Energia has discovered light oil and gas condensate in the first appraisal well of its second exploration and appraisal campaign in the highly prospective Orange Basin offshore Namibia.
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