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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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Angola reports oil revenues, volumes down in Q1-2023
José Barroso, Angola’s secretary of state for oil and gas, reported that the country had seen crude oil export volumes and revenues decline year on year in the first quarter of 2023.
Woodside: Preparations for development at Sangomar 82% complete
Australia's Woodside Energy is 82% finished with preparations for first-phase development work at the Sangomar block offshore Senegal.
Italian oil major Eni drills first exploration well in new offshore Mozambique target
A consortium led by Italian oil supermajor Eni has started drilling a hydrocarbon exploration well in an offshore acreage in Mozambique, Reuters reports.
Norwegian company Panoro Energy awarded offshore block in Equatorial Guinea with high hydrocarbon potential
Panoro Energy, a Norwegian exploration and production company, has confirmed that it has been awarded Block EG-01 offshore Equatorial Guinea, following government approval.
Savannah Energy sells 10% stake in Cameroon Oil Transportation Company for $44.9mn
AIM-listed Savannah Energy has signed a share purchase agreement with Cameroon's national oil company, Société Nationale Des Hydrocarbures (SNH), for the sale of 10% of the issued share capital in Cameroon Oil Transportation Company (COTCo).
Libya’s crude oil production reaches 1.2mn bpd, says NOC
Libya’s state-owned energy group National Oil Corporation said on Wednesday, April 19 that the country’s crude oil production has reached 1.2mn barrels per day, according to a statement quoted by the Libyan News Agency.
Chinese financiers pull out of $2.8bn gas pipeline project in Nigeria
The Abuja-Kaduna-Kano gas pipeline project in Nigeria has stalled due to financiers pulling out of the project, local media report.
Pancontinental Energy’s 3D seismic survey of PEL 87 offshore Namibia more than half complete
Australia’s Pancontinental Energy is more than 50% finished with a 3D seismic survey campaign at PEL 87 offshore Namibia in the Orange basin.
Afentra reports some progress in Angolan minority stake acquisitions
AIM-listed Afentra has reported some progress in its efforts to acquire minority stakes in two blocks offshore Angola.
UM6P, Shell sign MoU to produce low-carbon fuels in Morocco
Morocco’s Mohammed VI Polytechnic University (UM6P) and British oil and gas group Shell have signed an MoU to explore investment opportunities for low-carbon fuels in Morocco such as sustainable aviation fuel, according to a press release.
Wison reportedly wins EPC contract from India’s Padah LNG for mystery Nigerian project
China’s Wison Offshore and Marine has won a contract to provide procurement services for the builder of an onshore LNG plant in Nigeria’s Akwa Ibom State, Upstream Online has said.
Methanex Egypt signs agreement with Suez Methanol Derivatives to build methanol pipeline
Methanex Egypt and the Suez Methanol Derivatives (SMD) Company have signed an agreement to develop the infrastructure for the supply of methanol from Methanex Egypt’s plant to the neighbouring SMD project in Damietta.
Beleluane Gas Co. begins seeking owners engineer for delayed Mozambican LNG import project
BGC, the operator of a planned LNG import terminal in Mozambique, said late last week that it was seeking an owners engineer to supervise EPC activities for its project.
Ghana: What’s left unsaid about Aker ASA’s exit from Pecan
Aker ASA's announcement on DWT/CTP fails to mention questions about Lukoil’s involvement in the project and Russia’s charm offensive in Africa.
Giant South African carbon emitter Sasol to intensify its green ambitions, but critics are unconvinced
South Africa’s biggest polluter, Sasol, has recommitted to its net zero target by 2050, but indicated that its ability to meet the goal is dependent on profitability.
Nigeria takes step towards eliminating gasoline subsidies
World Bank assistance funding will help Nigeria move to end its gasoline subsidy.
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