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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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Perenco declares force majeure in Gabon in response to storage tank leak
Perenco (UK/France) has declared force majeure in Gabon in a bid to contain a leak at its storage facility in Cap Lopez.
NOC temporarily resumes work at Zueitina terminal following force majeure
Libya’s National Oil Corp. (NOC) reported on Sunday (May 1) that it had been able to recommence work at the Zueitina export terminal following a declaration of force majeure, at least on a temporary basis.
Sungara, Afentra reveal details of acquisition of Sonangol stakes
As Angola’s national oil company Sonangol continues to move forward with the partial sale of its equity holdings in six offshore blocks, two of the purchasers are revealing details of the deals.
Galp reportedly mulling sale of upstream assets in Angola
Galp (Portugal) is considering the possibility of unloading its upstream assets in Angola, Bloomberg reported on Friday, April 29.
ReconAfrica, NAMCOR extend deadline for deal on Kavango basin stake purchase
ReconAfrica and NAMCOR have pushed the end date of their letter of intent (LoI) on the sale of part of the latter’s stake in an onshore licence area in the Kavango basin back to June 6, 2022.
Kenya’s government notes fuel shortages, attempts to mitigate concerns
Demand for petroleum products in western Kenya has increased as a result of transit consumers preferring to fuel locally due to price differential with neighbouring countries.
Brazzaville, TotalEnergies approve seven amendments to PSCs
The Republic of Congo and TotalEnergies (France) have finalised and approved seven amendments to production-sharing contracts (PSCs) covering multiple offshore licence areas.
Nigeria: Pouyanné says TotalEnergies will sell its 10% stake in SPDC
TotalEnergies (France) intends to trim its portfolio in Nigeria by unloading its minority stake in the Shell Petroleum Development Corp. (SPDC) joint venture.
Algeria's NOC Sonatrach completes Hassi Messaoud refinery
Algeria's national oil company Sonatrach has launched a 60,000 barrel per day greenfield refinery in the eastern town of Hassi Messaoud.
Taking a look at the NMGP FEED contract
A new contract award for Nigeria-Morocco Gas Pipeline (NMGP) FEED services has raised questions about the technical, financial and political obstacles facing competing projects.
Zimbabwe: Invictus receives three farm-in offers for SG 4571
Australia’s Invictus Energy revealed on Wednesday, April 27 that three parties had offered to join its Cabora Bassa project in Zimbabwe via a farm-in deal.
Nigeria’s forex crisis worsened in Q4 2021, Central Bank reveals
Foreign exchange inflows into the Nigerian economy declined in the fourth quarter of 2021, a further indication of the country’s worsening forex crisis, Lagos-based newspaper The Punch revealed on Wednesday.
Chariot appoints Societe Generale as financial advisor on Morocco's Anchois gas project
AfrOil: Cameroon blames Western sanctions on Russia for fuel shortages
Cameroon’s Energy Ministry is blaming Western sanctions on Russia for the fuel shortages that have broken out around the country, according to a report from Voice of America (VOA).
VAALCO completes Avouma 3H-ST well at Etame Marin
VAALCO Energy (US) reported on Tuesday, April 26 that it had completed and launched production at Avouma 3H-ST, a sidetrack development well at Avouma, the Etame Marin block offshore Gabon.
Mozambique appoints SocGen to serve as advisor in refinancing of Coral South LNG stake
Mozambique’s national oil company (NOC) has picked the French bank Societe Generale SA (SocGen) to serve as advisor in the planned refinancing of its stake in the Coral South LNG project.
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