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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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US Department of Justice recovers more than $53mn in Nigerian oil corruption cases
The US Department of Justice (DOJ) has reached a final resolution in two civil cases related to profits obtained through bribes paid to Nigeria’s former Minister for Petroleum Resources.
Cheiron launches early production facility at GNN oilfield in Gulf of Suez
Cheiron Energy, Egypt’s largest independent upstream oil and gas company, has launched an early production facility (EPF) at its GNN oilfield in the Gulf of Suez.
Savannah Energy to fight nationalisation of assets in Chad
Savannah Energy, the British independent energy company, has declared its intention to fight a decree nationalising its assets in Chad.
Honeywell secures $500mn contract to develop Libya’s South Refinery project
US-based energy group Honeywell has secured a deal worth $500mn to implement engineering work on the South Refinery project. The contract was signed with Libya’s Zallaf for Oil and Gas, a subsidiary of the state-owned National Oil Corp.
Global Petroleum raises prospective resource estimate for Block PEL 94 offshore Namibia
Global Petroleum (Australia) has updated its estimate of the prospective resources contained within the licence area known as PEL 94, located offshore Namibia in the Walvis basin.
Sierra Leone seeks partners to accelerate exploration and development of hydrocarbon-rich basins
Egypt extends deadline for new international tender for oil and gas exploration to June 1
The ministry had initially announced the tender for 12 blocks, split evenly between onshore Nile Delta and offshore Mediterranean sea in January with the deadline set for April 30.
Libya’s NOC to set up new unit to increase gas exports to Europe
The head of Libya’s state-owned National Oil Corporation (NOC), Farhat Bengdara, has revealed plans to attract more oil investments, boost production and introduce a new gas unit to study the possibility of increasing gas exports to Europe.
Egypt’s Maridive reaches agreement to sell 60% of Valentine Maritime’s Saudi unit to Al Gihaz
Maridive and Oil Services (MOS) has signed a conditional MoU with Saudi Arabia’s Al Gihaz Holding to buy 60% of the shares of a Saudi based subsidiary owned by Valentine Maritime (VM), which itself is a fully owned subsidiary of MOS.
Capricorn Energy announces plans to downsize global ambitions
Capricorn Energy has announced plans to downsize global ambitions as it focuses operations on actively producing Egyptian fields.
Decom Engineering chop saw used fon successful retrieval of jumper connector offshore DRC
Decom Engineering said on March 23 that its advanced cutting technology had been successfully used on a project off the coast of the Democratic Republic of Congo (DRC).
Atlas Petroleum, GEPetrol, VAALCO to proceed with development of Venus field
Atlas Petroleum and its joint venture partners VAALCO and GEPetrol will proceed with the development of the Venus discovery in Block P, located offshore Equatorial Guinea.
Chad nationalises ExxonMobil's assets, including Doba Oil Project
The West African nation of Chad has nationalised all the assets and rights owned by ExxonMobil, including exploration and production authorisations and hydrocarbon permits.
Seplat Energy files lawsuit in Nigeria against former chairman for false representation
IMF expects Libya’s oil output to rise 15% in 2023; warns of increased hydrocarbons dependency
The IMF expects Libya’s oil output to rise by 15% to 1.2mn barrels per day in 2023, pointing to the fact that oil and gas production will remain a fundamental component of the country’s economy in the foreseeable future.
Dolphin Drilling commences drilling operations for General Hydrocarbons off the coast of Nigeria
The Blackford Dolphin rig, which underwent recertification for a new five-year period in Las Palmas, Spain, will target the reworking of existing wells on the Oyo field, with the potential to drill on new prospects.
ARDA appoints new head
Dr Mustapha Abdul-Hamid has been announced as the winner of an election for president of the African Refiners and Distributors Association (ARDA), succeeding his predecessor Marieme Ndoye Decraene from Senegal.
Nigeria’s LNG output drops amid heavy flooding and pipeline sabotage
Nigeria’s LNG output has floundered in 2023, with a string of issues leaving the country’s six-train LNG facility on Bonny Island in the Niger Delta producing far below capacity since last year.
Tanzania starts licensing companies to build compressed natural gas filing stations amid push to wean off petrol
ExxonMobil considers resuming and expanding Mozambique’s Rovuma LNG project
ExxonMobil Corp. is contemplating restarting the Rovuma LNG project in Mozambique’s restive Cabo Delgado Province in the country’s north. The company has called for expressions of interest to design and construct the LNG plant.
Lukoil says it may take FID on Pecan field in Q4 2023
Lukoil, Russia’s largest privately owned oil company, may decide whether to move forward with work at the Pecan oilfield offshore Ghana in Q4 2023.
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