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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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Police in Angola disperse fuel hike protests
Former militant leader accuses Nigerian armed forces of stealing oil
Alhaji Asari Dokubo, the founder of the Niger Delta People's Volunteer Force, made the allegation during a press conference following a meeting with Nigerian President Bola Tinubu in Abuja.
Indonesian Pertamina secures 35-year extension to gas operations in Algerian block
State-owned Indonesian refiner Pertamina announced it had secured a 35-year extension from the Algerian authorities to its deal to develop the Menzel Ledjmet Nord (MLN) oil and gas block in Algeria’s Sahara desert, according to a statement.
Cameroon halts $44.8mn deal between SNH and Savannah Energy on Chad-Cameroon Pipeline stake
Tower Resources finishes basin modelling study of PEL 96 in Walvis basin
AIM-listed Tower Resources has wrapped up a basin modelling study of PEL 96, a licence area offshore Namibia encompassing Blocks 1910A, 1911 and 1912B.
Five more African countries sign on to $25bn Nigeria-Morocco gas pipeline project
The proposed 5,600km pipeline, an extension of the West African Gas pipeline, will connect 13 African countries at an estimated cost of $25bn. With the new signatures, all countries along the proposed route have now signed the agreement.
Baker Hughes awarded subsea contract for Ivorian project with Scope 1, 2 carbon reduction goals
TotalEnergies, ConocoPhillips ask to amend agreement terms in Libya, says oil minister
Global energy firms TotalEnergies and ConocoPhillips reportedly renegotiated their working terms in Libya after the North African country amended the terms of the gas exploration and production agreement between the NOC and Italy’s Eni.
UK-based SDX Energy receives several offers for Egyptian oil and gas assets
The board of UK-based, Egypt-focused SDX Energy has received several offers for its Egyptian assets, the company said in a statement posted on its website. “The company will be providing further details in due course,” the announcement said.
Algeria announces $1.93bn plan to cut energy consumption by 10% by 2030
The Algerian National Agency for the Promotion and Rationalisation of Energy (APRUE) announced a plan to spend DZD260bn ($1.93bn) to cut energy consumption by 10% by 2030.
Egypt’s Pharaonic Petroleum’s second phase of gas flare system installation may generate $2.2mn annually
Egypt’s Pharaonic Petroleum Company has managed to implement the second phase of engineering and technical modifications to the flare system and gas compressor at a cost of about $200,000, saving emissions of 360mn cubic feet of gas a year.
NMDPRA authorises construction of two new Nigerian oil export terminals
NMDPRA has authorised a subsidiary of state-owned NNPCL and privately-owned Nigerian upstream operator Belemaoil Producing to build two new crude export terminals.
LPG’s role as Africa’s transitional fuel
LPG has an important role to play in Africa’s energy transition, and while some lenders may baulk at the thought of financing fossil fuel-related projects, in this case that viewpoint is neither pragmatic nor helpful
BW Energy, Panoro announce completion of second well in Gabon’s Hibiscus/Ruche development
The Hibiscus/Ruche Phase I development offshore Gabon has achieved a significant milestone, according to BW Energy (Norway), as the DHIBM-4H production well has been successfully drilled, completed and handed over to production operations.
KPC touts success of bottom-loading facility at Nakuru fuel depot
The marketing director of KPC says OMCs in Nairobi and elsewhere see the Nakuru depot as the best place to fill their tankers, following the installation of a bottom-loading facility.
Uganda says more than 11,670 people have found jobs in oil and gas sector
The Petroleum Authority of Uganda (PAU) says the country’s oil and gas sector has provided employment to more than 11,670 individuals, with over 93% of the jobs being held by Ugandan citizens as of May 2023.
Nigeria-focused San Leon Energy in advanced refinancing talks amidst credit pressure, asset sale
The announcement follows San Leon’s public acknowledgement of pressure from its creditors, to whom it owes around $10.5mn. However, the company assured stakeholders that its substantial asset base, worth $115mn, ensures its financial stability
Mozambique agrees to supply 100 MW of electricity to energy-short neighbour South Africa
South Africa will immediately start importing 100 MW of electricity from neighbouring Mozambique to help ease the intensity of blackouts (load-shedding) in the country.
Nigerian president urged to cut government stake in oil and gas sector
President Bola Tinubu’s advisory team has suggested that the Nigerian government should reduce its stake in the oil and gas sector to boost the country’s economic growth by $17bn.
ASX-listed Kinetiko Energy successfully spuds two core wells at South African gas project
The core wells – 272-01C and 272-02C – which are close to a large refinery and potential off-taker, Secunda, and the country’s largest gas pipeline, were spudded in May. Logging results indicate strong potential for gas field development.
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