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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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Drilling of oil development wells in Uganda starts
China, Algeria sign agreements on infrastructure, petrochemicals and energy
China and Algeria signed numerous agreements last week involving infrastructure, petrochemicals and energy as part of a state visit to Beijing by Algeria’s president Abdelmadjid Tebboune.
Kenyan cabinet gives nod for KPC to take over KPRL assets
The Kenyan Cabinet has approved the takeover of assets belonging to the defunct Kenya Petroleum Refineries Ltd (KPRL) by the Kenya Pipeline Company (KPC), a development that is designed to enhance the supply of petroleum products.
Tullow confirms talks with potential investors for Kenya’s crude project
British explorer Tullow Oil is determined to bring on board a strategic investor to kick-start the stalled Kenyan crude project that is facing an uncertain future following the exit of two minority shareholders.
Predator Oil & Gas plans to build gas-to-power plant in Morocco
Predator Oil & Gas, a London-listed company with near-term gas operations focused on Morocco, is currently considering expanding its operations in Morocco and said it plans to build a gas-to-power project in the near future.
Nigeria’s NNPCL to build first domestic floating LNG project
The Nigerian National Petroleum Company Ltd and UTM Offshore have signed a heads of terms agreement for the construction of the country's inaugural domestic floating liquefied natural gas project.
BW Energy begins production at third well of Dussafu campaign offshore Gabon
The Dussafu licence is within the Ruche Exclusive Exploitation Area (Ruche EEA), which covers 850 square kilometres and includes six known oilfields.
Aiteo’s debt to Shell and seven Nigerian banks escalates to $2.6bn – Bloomberg
The debt owed by Nigerian domestic oil producer Aiteo Eastern E&P to Shell and seven Nigerian banks has escalated to approximately $2.6bn, Bloomberg has reported.
Nigerian petrol prices reach record high
Nigerian petrol prices have skyrocketed to a record high following the removal of a long-standing fuel subsidy by President Bola Tinubu.
Libya’s main oilfields resume production as tribal protests end
Two major Libyan oil fields resumed production on Monday, July 17, after a shutdown triggered by demonstrators from the Al-Zawi tribe who protested against the abduction of former finance minister Faraj Bumatari.
Woodside delays first oil at Sangomar block offshore Senegal
Australia’s Woodside Energy will delay the start-up of oil production at the Sangomar offshore Senegal due to the need for remedial work.
Tullow says Jubilee oilfield now producing over 100,000 bpd with launch of JSE project
Tullow Oil (UK/Ireland) has ramped up production offshore Ghana with the launch of its Jubilee South East (JSE) project, thereby raising overall output at the Jubilee oilfield to more than 100,000 bpd.
Petrofac to support operations of FPSO Espoir Ivorien offshore Côte d'Ivoire
UK-based Petrofac will provide support services for an oil development project offshore Côte d'Ivoire under a new contract with the US company CNR International (CNRI).
Shell signs 12-year LNG supply agreement with Morocco
Global energy group Shell signed an agreement with Morocco’s state power utility ONEE by which it will supply the North African country with 6bn cubic metres of liquefied natural gas over 12 years.
Protests in Libya cut crude production by 340,000 bpd: Oil minister
Production at El Feel, Sharara and several smaller sites was shut late last week as protests by the Al-Zawi tribe continue against the abduction of former finance minister Faraj Bumatari.
West African waters become key destination for tankers involved in Russian oil transfers
Africa’s western coastal zone has seen a significant uptick this year in illicit ship-to-ship (STS) transfers of crude oil from Russia.
Angola, DR Congo sign agreement on joint development of offshore Block 14
Angola and the Democratic Republic of Congo (DRC) signed an agreement on joint development of Block 14 on July 13 in Kinshasa.
Ghana’s opposition call for scrapping controversial lease of Tema Oil Refinery (TOR) to Torentco
Egypt produces first domestically manufactured drilling rig
State-owned Egyptian Drilling Company took delivery of the first made in Egypt onshore drilling rig manufactured by Egyptian Petroleum HH Rig Manufacturing in Ain Sokhna port at the mouth of the Gulf of Suez on the Red Sea.
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