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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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UOG encounters net oil pay in primary Alam El Bueib reservoir in Abu Sennan licence onshore Egypt
Saipem CEO sees Mozambique LNG consortium resuming work in July 2023
Alessandro Puliti, the CEO of the Italian oilfield services provider (OSP) Saipem, expects work on the Mozambique LNG project, led by France’s TotalEnergies, to resume in July of this year.
Italy’s energy group Eni finalises acquisition of two main Algerian concessions
Italian energy group Eni has achieved closing of the acquisition of two gas-producing concessions tied to BP's business in Algeria after getting necessary approvals.
Angola: Azule Energy awards four service contracts related to Agogo oilfield development
Four international service providers have been awarded contracts related to the development of Agogo, an oilfield located within Block 15/06 offshore Angola operated by Azule Energy, a joint venture established in August 2022 by Eni and BP.
Lukoil reportedly discussing sale of stake in Pecan oilfield offshore Ghana with Indian firms
Lukoil, Russia’s largest privately owned oil company, is reportedly in discussions with Indian firms on the possibility of selling its stake in the Pecan oilfield offshore Ghana.
Eni CEO says Africa is a key source of gas supplies to replace Russia in Europe
Eni CEO Claudio Descalzi says Africa is a vital source of natural gas for Europe as the Continent attempts to reduce its dependence on supplies from Russia.
BP and partners plan second phase expansion for Greater Tortue Ahmeyim natural gas field off West Africa
CPECC, TotalEnergies sign deal on building ground facilities for Tilenga oilfield in Uganda
China Petroleum Engineering & Construction Co. (CPECC) has signed a deal with TotalEnergies to construct ground facilities for the Tilenga oilfield in Uganda.
TechnipFMC wins $250mn contract from TotalEnergies for work offshore Angola
New York-listed TechnipFMC has secured a contract worth up to $250mn for work at Girassol, an oilfield at Block 17 offshore Angola.
ASX-listed Invictus Energy plans to drill second gas exploration well in Zimbabwe in Q3 2023
Ghana trade and industry minister nominee under fire over disbursal of proceeds from GNPC drillship sale
AfrOil: TotalEnergies gearing up for drilling programme offshore Namibia
TotalEnergies (France) is preparing to launch a multi-well deepwater drilling programme offshore Namibia to determine the extent of its Venus discovery in the Orange basin.
Algeria’s gas production to increase by 10bn cubic metres from 2024
Algeria’s gas production is expected to increase by 10bn cubic metres starting in 2024 as the government and state-owned group Sonatrach are reinforcing deals with foreign energy firms such as Italy’s Eni.
TotalEnergies preparing to launch multi-well drilling programme offshore Namibia
TotalEnergies (France) will launch a multi-well deepwater drilling programme offshore Namibia to determine the extent of its discoveries at the Venus oilfield.
Chevron, Egyptian Ministry of Petroleum sign MoU on methane emissions reduction
Chevron (US) has agreed to co-operate with Egypt’s Ministry of Petroleum and Mineral Resources with the goal of reducing methane emissions in the oil and gas sector.
Tanzanian billionaire's Taifa Gas to establish LPG storage, packaging facility in Kenya
Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion
According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.
Founder of Russia’s Wagner group earned over $250mn from African, Middle Eastern natural resources – FT
Tanzania issues construction licence to EACOP Ltd
Tanzania has formally authorised the construction of its section of the East Africa Crude Oil Pipeline (EACOP), which will carry petroleum from western Uganda to the shores of the Indian Ocean.
BP predicts faster decline in oil and gas demand
OPEC+ to stick with current deal to end of 2023
Equatorial Guinea signs PSCs covering three offshore blocks
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has signed new agreements with international oil companies (IOCs) for three offshore blocks.
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