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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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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.
Lukoil says Marine XII offshore Congo to start producing LNG in December
Russia’s Lukoil says Marine XII, a licence area located offshore the Republic of Congo (ROC), is set to begin producing LNG before the end of the year.
Equatorial Guinea, Cameroon sign bilateral treaty on joint offshore oil and gas development
The governments of Equatorial Guinea and Cameroon have signed a bilateral treaty for the purpose of expanding cross-border oil and gas development.
Angola LNG cancels tender for upcoming cargo shipments
Angola LNG confirmed on March 22 that it had cancelled tenders for LNG cargoes scheduled for delivery in April because of problems on its production line.
AfrOil: DRC licensing round attracts green investor
Capacity utilisation rising at Nigeria LNG
NLNG has reportedly seen utilisation rates rise since the beginning of 2023, marking a partial recovery from the production issues it experienced in Q4 2022.
Angola’s ANPG hopes revised deals with ExxonMobil will draw investment to Namibe basin
ANPG, Angola’s upstream petroleum industry regulator, has signed addenda to agreements covering three offshore blocks in a bid to attract more investment to the Namibe basin.
Shell lifts force majeure on Nigeria's Bonny export terminal, boosting country's crude production
NFE concludes sale of 50% stake in Hilli Episeyo FLNG operating offshore Cameroon to Golar LNG
US-based New Fortress Energy (NFE) confirmed on March 15 that it had concluded the sale of its entire stake in the Hilli Episeyo, an FLNG vessel operating offshore Cameroon, per the terms of the deal it signed with Bermuda-registered Golar LNG.

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