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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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Sonatrach, TotalEnergies sign $739mn gas production deal, Algeria
Algeria’s Sonatrach and French firm TotalEnergies have signed contracts focused on boosting gas production under an existing agreement worth $740mn. The deals were signed by Sonatrach CEO Toufik Hakkar and his counterpart Patrick Pouyanne in Algiers.
Paratus, Ceragon ally to provide 'best-in-class' offshore link in Angola, Mozambique and Namibia
South Sudan pushes deadline for raising oil output to 230,000 bpd back to 2026
South Sudan has opted to push its deadline for increasing crude oil production to 230,000 barrels per day back to 2026, two years later than previously anticipated.
Nigeria aims to produce 1.7mn barrels per day by end of year
Gabriel Tanimu Aduda, Permanent Secretary at Nigeria’s Ministry of Petroleum Resources, told Energy Intelligence at the OPEC+ seminar in Vienna last week that Nigeria is aiming to raise oil production to 1.7mn barrels per day by November 2023.
Mozambique to receive $61mn IMF loan
TotalEnergies signs $740mn worth of gas contracts in Algeria
Algeria's state oil group Sonatrach and French energy firm TotalEnergies signed $740mn worth of contracts on Sunday, July 9 related to LNG purchases, energy transition and enhancement of renewable energies projects.
Chad and Cameroon reach agreement, excluding Savannah Energy from international oil link
Shell-led consortium to develop 10th phase of West Delta Deep Marine concession in offshore Mediterranean
BG Delta, a subsidiary of Shell Egypt, and its partners, composed of two Egyptian state-owned energy companies and Malaysia's Petronas, signed an agreement to develop the 10th phase of the Nile Delta offshore West Delta Deep Marine (WDDM) concession.
ASX-listed Kinetiko Energy maintains fine run in South Africa gas exploration campaign
It said in a release on July 6 that it had completed drilling its third and fourth core holes in the ER272 permit near a large oil refinery, Secunda, with wireline logging results establishing significant sandstone gas intervals in both wells.
Blockade threat puts Libya’s oil industry under pressure
Once again, Libya’s oil sector is facing the possibility of operational disruptions as a consequence of political sparring between rival regional groups – and this time, the stakes are higher because of the changes in the global oil market.
UTM Offshore and partners to construct floating LNG plant in Nigeria
Julius Rone, the chief executive, revealed in a meeting with Nigerian President Bola Tinubu in Abuja that their project's goal is to produce 1.5mn tonnes per year of LNG for international trade.
Searcher wraps up 3D seismic acquisition campaign in Orange basin offshore Namibia
UK-based Searcher has successfully completed a multi-phase, multi-client 3D seismic data acquisition campaign in the Orange basin offshore Namibia.
Ghana gives approval for Pecan FPSO plan
Ghana has given approval for the Plan of Development for the Deepwater Tano/Cape Three Point (DWT/CTP) block, which includes the Pecan field, according to the project operator Pecan Energies.
Predator Oil & Gas starts drilling fourth well in Morocco’s Moulouya Fan field
The drilling operations to the depth of 350m have been proceeding as planned, with costs remaining within the company’s initial estimates, Predator said in a statement, noting that it will evaluate the six targets previously identified.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
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