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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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OPEC+ extends voluntary cuts as Brazil prepares to join
The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas
British oil firm Prax acquires 36% of major South African refinery Natref from TotalEnergies
East Africa regional court dismisses case seeking to stop $3.5bn EACOP pipeline project
Angola rejects OPEC oil quota, vows to produce more crude
Nigeria sees OPEC quota cut to 1.5mn bpd
Mele Kyari reappointed as CEO of NNPCL
Nigerian President Bola Tinubu has announced the reappointment of Mele Kyari as CEO of the Nigerian National Petroleum Company Ltd. (NNPCL) in a bid to display continuity in the country’s oil sector.
Gabon's oil worker union ONEP issues December strike warning
Zimbabwe's oil infrastructure company NOIC finishes building 650-tonne LPG storage terminal
Carlyle faces Gabon’s preemption in $1.3bn sale of Assala Energy deal to Maurel & Prom
Equinor sells Nigeria oil business to Chappal Energies
Norwegian energy group Equinor announced on November 29 it will sell its Nigerian business, including its stake in the Agbami oil field, to Nigerian-owned Chappal Energies for an undisclosed amount.
OPEC discussions reach impasse as Nigeria and Angola refuse to accept lowered production quotas
Nigeria and Angola, key members of the Organisation of Petroleum Exporting Countries (OPEC), have rejected a reduction in their crude oil production quotas.
Japan pledges to work with Mozambique towards restarting $20bn LNG project
Mozambique and Japan have committed to collaborate on resuming the development of a LNG project in the north of the African nation halted in 2021 due to security concerns.
Libya needs $17bn to increase crude output to 2mn bpd, says NOC head
Libya's state oil firm, the National Oil Corporation (NOC), needs a budget of $17bn to fulfil its plan target of raising the crude output to 2mn bpd in three to five years from around 1.29mn bpd currently.
Ghana's Quantum Oil reaches "amicable" settlement with IFC, OPEC Fund, ending $41mn lawsuit
Nigeria-Morocco gas pipeline to begin constitution in 2024, Abuja says
The $25bn Nigeria-Morocco Gas Pipeline (NMGP) will begin construction in 2024, Nigeria's energy minister, Ekperikpe Ekpo, has said.
AfrOil: Environmentalists urge banks not to support Mozambique LNG
Nigeria approves deal with Portland Gas to build CNG conversion sites
The Federal Government of Nigeria has announced a strategic partnership with Portland Gas to construct compressed natural gas (CNG) conversion sites across the country, Nairametrics has reported.
$20bn Dangote Petroleum Refinery to list on Nigerian Exchange
Speaking to the Financial Times, Dangote revealed that the refinery would be floated on the NGX as a separate company, in what will be a significant development for the Nigerian bourse.
Angola set to remain in OPEC+ despite spat over quotas, official says
Angola, Africa’s second-biggest crude producer, has no plans to leave the 23-nation OPEC+ coalition, an official said, following a wider dispute over output quotas that delayed the group’s meeting.
Nigeria's Port Harcourt oil refinery to start operations in December 2023, NNPCL says
Shell faces legal showdown in London as Nigerian communities seek justice for alleged environmental damage
The High Court in London has ruled that the Bille and Ogale communities can bring human rights claims against Shell. They assert that the energy giant failed to prevent or clean up contamination, leaving their lands chronically polluted.
Algeria agrees to extend LNG supplies to Turkey until 2027
Algerian state oil and gas firm Sonatrach signed an agreement to extend gas supplies to Turkish state energy utility Botas for three years, Turkey’s energy minister Alparslan Bayraktar said.
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