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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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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.
No Tunisian hydrocarbon exploration drilling recorded in 2022 for first time since 1960
No hydrocarbon exploration drilling was documented in Tunisia in 2022, the first year without drilling operations since 1960, the Tunisian Oil and Gas Association (ATPG) reported.
Canadian oil & gas company ReconAfrica gets permit to drill 12 additional exploration wells in Namibia
ExxonMobil's LNG project in Mozambique "on track" for approval in 2025, top executive says
US supermajor ExxonMobil has commended Mozambique’s government for stabilising the security situation in a gas-rich region in the north of the country. This has encouraged the company and its partners in a planned LNG project there to consider FID.
Canada’s AOC to raise stake in Block 3B/4B offshore South Africa
Canada’s Africa Oil Corp. (AOC) will increase its stake in Block 3B/4B, an offshore licence area in the South African section of the Orange basin, to 26.25%.
Chariot raises $15mn for onshore drilling operations in Morocco
The London-listed and Africa-focused energy group Chariot said on Monday, July 10 that it had raised $15mn for its onshore drilling operation in Morocco, according to a statement on the London Stock Exchange.
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