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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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Libya’s NOC wins arbitration against Emirati firm
Libya’s National Oil Corp. (NOC) has won an arbitration against the UAE’s Trasta Energy, winning an appeal from a request filed in February 2022 to the Paris Court of Appeal.
Italy’s Eni signs deal for exploring green energy opportunities in Libya
Italy’s energy group Eni signed an initial agreement with the Libyan National Unity Government to initiate a study to develop sustainable energy projects and collaborate on reducing greenhouse gas emissions in the North African country.
South African natural gas producer Renergen set to clinch $500mn loan from US agency
Renergen, a South African natural gas and helium producer, has won approval from the United States International Development Finance Corporation (IDC) for a $500mn senior debt funding to advance its project in the African nation.
TotalEnergies contracts Expro Group for $30mn well intervention, integrity project at Tilenga in Uganda
Israel’s NewMed reveals partners’ development plan for Cyprus Aphrodite field
Israel’s NewMed Energy, formerly Delek Drilling, has announced that it, along with the partners in Cyprus’ offshore Aphrodite gas field, has submitted to the Cyprus government an updated development plan for the 4.4 tcf gas resource.
Nigeria Labour Congress suspends strike over fuel subsidy after court ruling, government meeting
Algerian firms invited to resume investment in Libya’s energy projects
Algerian oil firms have shown interest in resuming operations and promoting energy investment in Libya, the latter's Oil Minister Mohamed Aoun said in a statement following a meeting with his Algerian counterpart Mohamed Arkab over the weekend.
SDX Energy successfully renegotiates higher price for gas produced in Morocco
SDX Energy says it has successfully renegotiated a gas sales deal with Morocco's Hydrocarbons and Mines Office (ONHYM), securing a higher price for its production in the country.
Tullow Oil's ex-partners in Kenya project, TotalEnergies and AOC, writing off investments in blocks
Namibian minister says government has no plans to seize stakes in oil & mining companies
Saudi cuts deeper as OPEC+ extends deal
Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.
Saipem finishes Early Phase 2 subsea production network at Agogo oilfield offshore Angola
Saipem, the Italian oilfield services provider, has completed a new subsea production network for Agogo, an oilfield located within Block 15/06 offshore Angola.
Exxon, Chevron reportedly in advanced talks to drill in Algeria
US energy majors ExxonMobil and Chevron are in advanced talks with Algeria, expecting to sign a contract with Algeria’s state oil group Sonatrach, that would allow the two energy companies to drill for the first time in the country.
Kenya allocates funds to clear nearly $303mn in fuel subsidy arrears due to oil companies
NewMed building subsea pipeline linking LNG facilities in Egypt to Aphrodite offshore gas reservoir
NewMed, the developers of Cyprus’s Aphrodite offshore natural gas field, plans to build a subsea pipeline linking the offshore gas reservoir to existing Egyptian liquefied natural gas processing facilities, local media report.
United Oil and Gas encounters oil at ASD-3 development well in the Abu Sennan licence onshore Egypt
United Oil and Gas Co. (UOG), a full cycle oil and gas company focused on Egypt, has announced that the ASD-3 development well in the Abu Sennan licence, onshore Egypt, encountered 12.5 metres of net oil pay.
Germany’s Wintershall Dea discovers natural gas in Disouq concession onshore Nile Delta
The discovery of natural gas at the step-out well (NSG-3) at the Abu Madi reservoir inside the Disouq concession comes on the heels of a previous find in the East Damanhour exploration block in January 2023.
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