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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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Petrofac to take control of decommissioning project offshore Mauritania
UK-based Petrofac reported on Wednesday, May 18 that it had won a contract from Tullow Oil (UK/Ireland) for the decommissioning of seven wells in Mauritania’s offshore zone.
ANPG chairman draws attention to Angola’s marginal fields
Paulino Jerónimo, the board chairman of Angola’s National Oil, Gas and Biofuels Agency (ANPG), says the development of marginal fields may help support efforts to stabilise the country’s crude production levels.
Kyari says Nigerian president will unveil NNPC Ltd on July 18
Mele Kyari, the managing director of Nigeria’s national oil and gas concern, says President Muhammadu Buhari is slated to unveil Nigerian National Petroleum Co. Ltd (NNPC Ltd), the successor to NNPC, on July 18.
Downstream impact
NewsBase takes a brief look at some of the economic and political fallout from the Russia-Ukraine war, with a focus on regional markets for jet fuel and diesel around the world.
Nigeria: TotalEnergies issues sale document for SPDC stake
TotalEnergies (France) has officially begun the process of selling its 10% stake in the Shell Petroleum Development Corp. (SPDC) joint venture.
AfrOil: Afreximbank, APPO aim to create new oil and gas financing avenue
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) are teaming up to establish a new avenue of funding for oil and gas projects in Africa.
Afreximbank, APPO sign MoU on establishment of pan-African oil and gas financing entity
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) are teaming up to establish a new avenue of funding for oil and gas projects in Africa, the African Energy Chamber (AEC) said.
Havfram begins to decommission Mauritania subsea oilfields
Havfram, a Norwegian maritime company, has announced the start of work at Mauritania’s Chinguetti and Banda oilfields, where it has been contracted to oversee the abandonment and decommissioning of subsea facilities.
Rockwash Geodata, Striped-Horse strike deal with ANPG on establishing geological laboratory
UK-based Rockwash Geodata and its Angolan JV partner Striped-Horse Atlântico Lda (SHAL) have reached agreement with Angola’s ANPG on the establishment of a digitalised geological laboratory.
SERAP sues Buhari in a bid to force investigation of refinery funding
SERAP, a Nigerian NGO, has taken legal action against two high-ranking officials for their alleged failure to investigate charges that funding allocated to government-owned refineries had been stolen or mismanaged.
Imopetro head says Mozambique not at risk of fuel shortage in near term
Abiba Amade, director of operations at Mozambique’s national fuel import concern Imopetro, says she does not expect the country to encounter any fuel shortages in the near term, as import shipments have continued to arrive.
Egypt commissions second phase of MIDOR refinery expansion project, boosting capacity by 60% to 160,000 bpd
Bolloré awarded logistics contract for EACOP
Energy minister: Tanzanian government approves TZS100bn grant for fuel price relief
Tanzania’s Energy Minister January Makamba said on Tuesday (May 10) that the government was preparing to make TZS100bn ($43mn) in extra funding available to mitigate the economic impact of rising fuel prices.
Libya to resume full crude export capacity once fair income distribution mechanism enforced
Tower Resources drops plan for farm-out of Thali block offshore Cameroon
AIM-listed Tower Resources has revised its plans for financing work on the NJOM-3 well at the Thali block while waiting for the government of Cameroon to approve a farm-out deal with Beluga Energy of Nigeria.
Kosmos says GTA project is 75% ready
US-based Kosmos Energy said on Tuesday (May 9) that work on the Greater Tortue/Ahmeyim (GTA) project is more than three quarters complete.
Ghana reportedly receiving proposals from potential investors in Tema Oil Refinery
Ghana’s Minister of Public Enterprises Joseph Cudjoe has said that the government is starting to receive proposals from potential strategic investors in Tema Oil Refinery (TOR).
AfrOil: South Sudan plans slow-motion nationalisation of oil sector
Awow Daniel Chuang, the undersecretary of South Sudan’s Ministry of Petroleum, said on May 6 that Nilepet, the national oil company, had begun the process of taking over the projects now led by foreign investors.
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