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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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Nigeria falls short of OPEC quota for January and February
Nigeria, the biggest crude producer in Africa, did not meet its OPEC-assigned oil production quotas for January and February, analysis by THISDAY has revealed.
QatarEnergy signs deal with Shell for 40% stake in C-10 block offshore Mauritania
QatarEnergy has signed an agreement with Shell (UK) to acquire a 40% working interest in the C-10 block, located offshore Mauritania.
BW Energy completes DHIBM-3H well offshore well offshore Gabon
BW Energy has wrapped up drilling and completion operations at DHIBM-3H, the first production well for the Hibiscus Ruche Phase I development project at the Dussafu Marine block offshore Gabon.
BW Offshore extends contract for Espoir Ivorien FPSO again
BW Offshore will extend the term of current contract for the FPSO Espoir Ivorien unit anchored at the Espoir field offshore Côte d'Ivoire by three months in order to discuss purchase by the client.
Shell planning to continue aviation fueling operations in South Africa, unlike BP
Shell (UK) has said it intends to continue its jet fuel supply operations at airports in South Africa, in contrast to BP.
Libya’s NOC says crude production has reached 1.2mn bpd as of March 30
Libya’s National Oil Corporation said on Thursday, March 30 that its crude production had reached 1.2mn bpd. The utility’s Oil Budget Follow-up Committee reviewed the NOC plan which aims to raise production to 2mn bpd.
OPEC+ announces surprise output cut
OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.
Nigeria: Supplies of oil from Oza field help Edo modular refinery boost production
The Edo modular oil refinery in southern Nigeria has increased production by processing crude sourced from the Oza field.
Nigerian oil minister reported to have resigned
Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, is reported to have resigned his post, Argus Media said on March 31.
Namibia national oil company boss denies drug trafficking allegations following arrest
Algeria, France to resume gas exports talks as presidents meet in May
Algeria and France are expected to resume negotiations for supplying an additional Algerian share of gas to France when two presidents meet in Paris in early May.
Uganda oil pipeline firm says “good progress” made in the search for funding
The East African Crude Oil Pipeline, responsible for constructing the 1,443-km oil pipeline from Uganda's Lake Albert oilfields to the port of Tanga in Tanzania, has made good progress in the search for 60% debt financing to complete the duct.
Danish oil tanker hijacked by pirates off west coast of Africa
Danish oil company Monjasa has reported losing contact with one of its product tankers, the Monjasa Reformer, after the crew reported the vessel was being boarded by pirates in the waters off the west coast of Africa.
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.
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