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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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Top South African environmentalist urges Namibia and Botswana to halt oil exploration in ecologically sensitive river system
NNPCL to increase investments in gas
The Nigerian National Petroleum Company Limited (NNPCL) said on Monday, 31 July that it plans to develop Nigeria’s gas and transportation infrastructure in a push to achieve clean and affordable energy in the country.
Angola to invest in new oil refineries
Angola, Africa’s second-largest oil producer – producing 1.1mn bpd of crude – will begin to produce diesel and petrol for its own population upon completing new refineries. Oil and gas generate around three-quarters of the country’s exports.
Russia-Africa summit lacks energy
Moscow sought to use the Russia-Africa summit in St Petersburg on July 27-28 to tout its strengthened ties with African countries in the face of Western sanctions and isolation, but the results were scant.
Nigeria eyes Russian energy tech, partnerships
Nigeria has expressed interest in acquiring Russian technologies in the oil and gas sector and attracting its companies to join oil and gas projects, Gabriel Aduda, the permanent secretary of Nigeria's oil ministry, said at the Russia-Africa summit.
Niger coup threatens Nigeria-Morocco 30bcm gas pipeline project
A $13bn project to build a gas pipeline connecting giant gas fields in Nigeria to Europe is threatened by the recent coup d'état in Niger.
BP says GTA’s start date for gas production has been pushed back to Q1 2024
BP (UK) has postponed the start-up of natural gas production at the Greater Tortue/Ahmeyim (GTA) block, located offshore Mauritania and Senegal.
Mozambique LNG still negotiating costs with contracts, TotalEnergies CEO confirms
Patrick Pouyanne, the CEO of TotalEnergies, confirms that his company is still negotiating with contractors on construction costs for the Mozambique LNG project.
Nigeria's Tinubu says scrapping fuel subsidy has saved $1.32bn
In June, Tinubu put an end to the subsidy that kept prices of petrol artificially low, at the expense of government coffers. Tinubu claims that Nigeria saved NGN1trillion ($1.32bn) in just over two months by removing the subsidy.
Nigeria’s elimination of gasoline price subsidies causing problems for European refiners
Nigeria’s appetite for gasoline imports has dropped significantly since the elimination of domestic fuel price subsidies in late May, and European refiners are suffering as a consequence.
Clock ticking for possible disruption of Libya’s oil exports
Military leader Khalifa Haftar, whose eastern-based Libyan National Army controls two-thirds of the country, including five of its nine export terminals, has threatened to bring exports to a halt unless he gets up to 90% of Libya's oil revenues.
TotalEnergies’ Venus field offshore Namibia may be even larger than previously thought
Speculation is mounting about the possibility that TotalEnergies (France) may have found more oil in the Venus field offshore Namibia than previously believed.
NMDPRA rolls out set of four new ESG regulations for oil and gas industry
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled four new regulations addressing ESG (environmental, social and governance) issues in the petroleum industry.
More delays looming for Mozambique LNG?
Saipem’s predictions of a July restart for Mozambique LNG have not borne fruit due to the difficulty of resolving cost disputes with TotalEnergies
Italian oil industry service provider Saipem notes progress towards resumption of LNG project development in Mozambique
Italian energy services group Saipem has said work to resume construction of a $20bn LNG project in northern Mozambique in which it is involved is well underway.
Egyptian government signs three oil and gas exploration agreements with local and international partners worth $319.5mn
The Egyptian government has signed three oil and gas exploration agreements with local and international partners worth $319.5mn to dig 13 new exploration wells.
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