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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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Canadian firm Polaris wins seismic contract at ASX-listed Invictus Energy's oil prospect in Zimbabwe
Algeria reports rise in LNG exports as it becomes Africa’s top exporter
According to a report by the Organization of Arab Petroleum Exporting Countries (OAPEC), the North African country reported that exports climbed to about 2.8mn tonnes in the first quarter.
South Africa turns to Riyadh for refinery help
South Africa’s Minerals and Energy Minister last week confirmed that talks are resuming with Saudi Arabia for majority state-owned Saudi Aramco to build a new refinery in the country.
Uganda signs agreements with DRG Global, UNOC on blocks from second licensing round
Uganda’s Ministry of Energy has signed a deal with Australia's DGR Global for exploration and development of the Turaco and Kanywataba sites.
Tanzania aims to launch fifth mainland bidding round within the next year
Tanzania is gearing up for its fifth mainland licensing round and will auction off select open blocks for hydrocarbon exploration either in late 2023 or in early 2024.
Tanzania revises cost of LNG project development upwards to $42bn after technical analysis
Tanzania has revised upwards the cost of its liquefied natural gas project to $42bn following a new technical analysis.
Tower Resources raises $2.9mn to bolster Cameroon asset
Tower Resources has successfully raised GBP2.3mn ($2.9mn) through a placement and share subscription, bolstering the company's financial position as it progresses with its flagship asset in Cameroon.
IPR Energy Group announces oil discovery in North Beni Suef exploration concession in Upper Egypt
ARDA pushes to expand African LPG consumption
The African Refiners and Distributors Association (ARDA) has made note this week of low LPG consumption rates in Africa.
CNPC, Sinopec evacuate oil workers from Sudan
Nigeria’s Seplat Energy records $951.8mn revenue in H2 2022
Dual-listed Seplat Energy, a Nigerian oil and gas company, has recorded revenue of $951.8mn and a profit before tax of $204.4mn in the second half of 2022.
TAG Oil announces successful re-entry of vertical well BED 1-7 at Badr Oil Field in Egypt’s Western Desert
Kosmos Energy says GTA block is set to begin gas production by year-end as expected
BP is on track to begin production at the GTA block, located offshore Mauritania and Senegal, by the end of this year as scheduled.
Afentra completes acquisitions of minority stakes in Angolan offshore blocks
AIM-listed Afentra revealed on May 10 that it had completed the acquisition of minority stakes in two blocks offshore Angola from INA-Industrija of Croatia.
UK Supreme Court rules Nigerian claimants may not continue suit against Shell over 2011 tanker spill
The UK Supreme Court has ruled against Nigerian claimants who sought to sue two subsidiaries of Shell over a 2011 offshore oil spill, citing the expiration of a six-year legal deadline.
Zimbabwean firm Shalom Mining seeks licence to explore for hydrocarbons in protected wildlife park
Ivory Coast asked to end broad-based subsidies for fuel, food to secure $3.5bn IMF support package
Invictus confirms presence of liquid hydrocarbons and helium at Cabora Bassa site in Zimbabwe
Australia’s Invictus Energy has confirmed the presence of light liquid hydrocarbons and helium in Mukuyu-1, an exploration well drilled at its 80%-owned Cabora Bassa project in Zimbabwe.
Chinese firm CPP to finance, supply pipe for $5bn East African Crude Oil Pipeline (EACOP) project
China Petroleum Pipeline Engineering Co. Ltd (CPP) has stepped in to offer financing and construction line pipe for the East African Crude Oil Pipeline (EACOP) stretching from Uganda to the Tanzania coastline.
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