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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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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.
TotalEnergies reports oil and gas finds at Ntokon field within OML 102 offshore Nigeria
France’s TotalEnergies has discovered both crude oil and natural gas in the Ntokon section of OML 102, a licence area in the shallow-water section of Nigeria’s offshore zone.
Predator encounters overpressured gas inflow in MOU-3 well in Morocco
Predator Oil & Gas, a UK-based company focused on natural gas projects in Morocco, has encountered an inflow of overpressured gas in the MOU-3 well.
Perenco signs 20-year contract renewal for development of Cameroon’s Rio del Rey Basin
Perenco, the Anglo-French oil and gas company, has announced the signing of a new 20-year production-sharing contract (PSC) with Société Nationale des Hydrocarbures (SNH) for the continued development of the Rio del Rey Basin offshore Cameroon.
More investment in Zimbabwe's CBM, other gas resources will strengthen energy mix, state daily says
Nigerian LNG sales drop 20% in first quarter of 2023
Nigeria saw a significant fall in earnings from LNG exports in the first quarter of 2023. According to data from the National Bureau of Statistics, the country’s LNG sales plummeted by 18% to N622 billion ($1.34bn).
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