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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: unplanned LNG plant outages prove costly for international energy giants
Traders of liquefied natural gas (LNG) have been forced to pay over the odds to fill up European storage facilities after unplanned outages around the world caused prices to spike, Mining Weekly has reported.
BW Energy secures up to $300mn in financing for Dussafu project offshore Gabon
Norway’s BW Energy revealed on August 9 that it had made new financing arrangements for to help cover the costs of development at the Dussafu licence area offshore Gabon.
Aminex reports on implications of 3D seismic survey contract award offshore Tanzania
Ireland’s Aminex is one step closer to acquiring extra 3D seismic data on a section of the Killiwani North Development Licence (KNDL) offshore Tanzania due to the award of a 3D seismic survey contract for Songo Songo.
Nigeria: ExxonMobil facing new obstacles in sale of MPNU stake to Seplat Energy
The NUPRC has challenged President Buhari’s approval of a previously agreed deal that would transfer the US super-major’s shallow-water Nigerian portfolio to Seplat Energy.
Libyan oil firms ready to increase production
European official says Nigerian LNG exports to Europe could double in long term
Matthew Baldwin, the European Commission’s deputy director-general for energy, has said he believes Nigeria has the potential to see natural gas exports to Europe more than double in the long term.
BP, Kosmos expect GTA gas and LNG project to begin production on schedule in H2-2023
BP and Kosmos Energy (US) are reportedly set to launch natural gas and LNG production at the Greater Tortue/Ahmeyim (GTA) block offshore Senegal and Mauritania on schedule in the second half of next year.
ASX-traded hydrocarbon explorer Invictus Energy awards three carbon offset projects in Zimbabwe
Revised NUPRC data show Nigerian oil production down 12.5% y/y in H1-2022
Nigerian liquid hydrocarbon production, including crude oil and gas condensate, sank to about 1.4mn barrels per day (bpd) in the first half of 2022, down by 12.5% on the same period of last year.
Eni purchases Exmar’s Tango FLNG unit for Marine XII offshore Republic of Congo
Eni (Italy) has secured a small-scale floating LNG (FLNG) vessel for installation at the Marine XII block offshore Republic of Congo.
AfrOil: Namibian court denies NGOs’ request for Kavango exploration halt
The High Court of Namibia has ruled that Canada's Reconnaissance Africa (ReconAfrica) and its local partner NAMCOR may proceed with exploration work at in the Kavango basin.
TotalEnergies, Sasol of South Africa bring Natref oil refinery back online after closure on late crude deliveries
Petrofac, Genie Civil secure $300mn contract for Algeria’s Tinrhert natural gas facility
Natref back online as feedstock deliveries resume
OPEC members boost July output, agree small uptick
Tullow expects to continue talks with OIL, ONGC Videsh on sale of stake in Kenyan blocks
Tullow Oil (UK/Ireland) expects to continue discussions with two state-owned Indian companies on the proposed sale of its 50% stake in two blocks in Kenya’s South Lokichar basin in the near future.
BP, Eni complete formation of Azule Energy JV in Angola
BP (UK) and Eni (Italy) have completed the process of establishing Azule Energy, a new joint venture that will combine both companies’ upstream, LNG and solar energy assets in Angola.
Ghana's parliament warns Eni-Springfield dispute could cost $7bn
Ghana parliament urges government to do all it can to reach a peaceful settlement of Eni dispute
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