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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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Nigeria set to approve Seplat's acquisition of ExxonMobil assets within two weeks
The Nigerian government is poised to greenlight ExxonMobil's $1.28bn asset sale to Seplat Energy within the next two weeks, pending resolution on critical issues related to decommissioning and host community rights.
BW Energy executes sale, leaseback deal to boost funding, bolster development offshore Gabon
NNPCL sued over missing oil revenue
A local independent accountability watchdog, the Socioeconomic Rights and Accountability Project (SERAP), has taken the NNPCL to court, claiming the company has failed to remit billions worth of oil income to the state.
Gasoline shortages persist in Nigeria
Gasoline shortages have continued to plague major cities in Nigeria, causing rapid increases in prices since May 1 while worsening the country’s ongoing cost of living crisis.
Egypt to cut LNG exports in May over anticipated summer power shortages
Egypt will temporarily halt its LNG exports beginning May in order to combat expected power shortages this summer, the North African country announced.
Seplat Energy reveals decline in pre-tax profits in released Q1 2024 results
Nigeria’s Seplat Energy has released its unaudited financial statements for Q1 2024, revealing a pre-tax profit of $69.3mn, marking a 19.5% year-on-year decline from Q1 2023.
Dutch-Swiss petroleum firm Vitol secures approval to merge with South African retailer Engen
South Africa's Competition Tribunal has approved a proposed acquisition of fuel retailer Engen by Vitol Emerald (Vitol), a Dutch-Swiss crude oil, natural gas and refined petroleum products wholesaler.
Guinea lawmakers approve West Africa LNG’s $3bn gas project serving mining sector
Guinea lawmakers have approved an agreement signed last year between the government and West Africa LNG Group (WA-LNG) for a potential $3bn investment in liquefied natural gas (LNG) import infrastructure.
Oil-rich Namibia could be the next Guyana, says TotalEnergies chief
Over the past two years, TotalEnergies, Shell and Galp Energia have made finds off the southwest coast of Africa that have made Namibia a hotspot for exploration. The Orange Basin find could be the world’s biggest-ever deep-water find.
Nigeria seeking $10bn injection in oil and gas sector
AIM-listed Afentra’s stock price jumps as Angola approves acquisition of Azule Energy’s assets
Sintana Energy acquires more high-impact acreage in Namibia’s Orange basin
TSX-listed exploration company Sintana Energy has acquired a material interest in the PEL 79 licence block taken in Namibia’s Orange basin located to the east of the ‘world-class’ Mopane discovery.
Eni’s crude and gas production in Egypt down 11.7% y/y in Q1
Italian supermajor Eni's oil and gas production in Egypt dropped by 11.7% y/y in the first quarter to 293,000 barrels of oil equivalent per day (boe/d).
Turkey plans drilling operation offshore Somalia in early 2025
Turkey’s Energy Minister Alparslan Bayraktar announced last week that Turkish Petroleum (TPAO) will begin an exploration operation offshore Somalia in early 2025.
Nigerian Senate committee says Port Harcourt refinery 90% complete
Nigeria’s ad-hoc Senate committee – a group created to investigate turnaround maintenance of Nigerian refineries – has said that upgrades and repairs for the full rehabilitation of Port Harcourt refinery are at 90% completion.
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