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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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South Africa burns record quantities of diesel to boost power output
Libyan oil terminals close due to Storm Daniel
Ghana president commissions Tullow Oil’s Jubilee extension, lauds potential investment in TEN project
State-owned Gulf of Suez Petroleum Company averages 56,200 bpd in financial 2022/2023
The throughput of the majority state-owned Gulf of Suez Petroleum Company (GUPCO) – which focuses on producing oil and gas from Gulf of Suez – averaged 56,200 barrels per day in the financial year that ended last June.
Gabon junta appoints new oil minister
The military junta that seized control of Gabon’s government in late August has appointed Marcel Abeke to head the country’s Ministry of Oil, Gas, Hydrocarbons and Mines.
Tlou Energy shares jump on successful drilling in Lesedi power project in Botswana
AfrOil: Lundin Oil executives accused of war crimes in Sudan
Rare Subtropical Storm Daniel hits Libya, causing flooding and havoc
Mediterranean Storm Daniel unleashed its fury upon Libya on September 10, leaving a trail of flooding and destruction in its wake. The subtropical storm is part of a series of powerful storms wreaking havoc worldwide.
Oil majors plan to invest $1.5bn to explore 30 offshore discovery wells in Egypt
Egypt’s petroleum ministry working alongside global majors plans to explore 30 offshore discovery wells over the coming two years, media sources quoted Petroleum Minister Tarek El Molla as saying.
SDX Energy starts drilling well in Morocco’s Sebou Central of Gharb Basin
London-listed SDX Energy, a MENA-focused company, has started drilling Morocco's Ksiri-21 well in Sebou Central of the Gharb Basin which extends 1,950 metres in depth, according to a press release.
Iran ready to build oil refinery in Burkina Faso
Iran plans to build refinery in Burkina Faso
Iranian oil minister Javad Owji said September 4 that Tehran was set to build an oil refinery in Burkina Faso, utilising domestic engineers and experts. He added that Iran would also transfer technical and engineering services to the country.
Golar LNG discussing gas cooperation with Equatorial Guinea
Golar LNG has reportedly held talks with the government of Equatorial Guinea on cooperation in the development and export of offshore natural gas deposits.
Gas explorer Kinetiko Energy raises $4.1mn to advance 100% acquisition of South African unit
Libya’s oil production resumes at 1.204mn bpd, NOC says
Saudi, Russian oil cuts rolled over until year-end
Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.
SDX Energy to sell Egypt assets, focus on Moroccan gas expansion
The price of the deal and the buyer were undisclosed, but reporters believe it has a strong presence in Egypt. The move aims to optimise SDX’s asset portfolio and enable the company to focus on expansion in Morocco's energy transition sector.
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.
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