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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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VAALCO reports successful drilling of Avouma 3H-ST development well at Etame Marin
VAALCO Energy (US) has successfully drilled the Avouma 3H-ST development well at Avouma, the Etame Marin block offshore Gabon.
Sonangol names Afentra as top bidder for stakes in Block 3/05, Block 23
AIM-listed Afentra has been named by a subsidiary of Angola’s national oil company (NOC) Sonangol as the top bidder for stakes in two offshore assets known as Block 3/05 and Block 23.
Nigeria’s Aiteo Group sees debt from oil loans mushroom to $1.7bn
Nigerian energy conglomerate Aiteo Group owes $1.7bn to Shell and seven different banks, the lenders have revealed, warning that the country’s financial system could be seriously hit if they are not paid.
SDX Energy spuds MSD-20 infill development well on the Meseda field in Egypt’s eastern desert
Algeria to raise natural gas exports to Italy by 50%
Turmoil in Libya continues as Europe seeks more gas
As NOC chairman Mustafa Sanalla talks to European countries about making more gas available, Libya’s Oil Minister Mohammed Oun stresses the need for caution and capacity-building.
Lekoil Nigeria Ltd. secures injunction against Lekoil Ltd., Savannah Energy subsidiary to halt deals
Lekoil Nigeria Ltd has secured an injunction against Lekoil Ltd and a subsidiary of Savannah Energy Plc preventing the two companies from making any move to transfer interests in Lekoil Nigeria assets or alter its its ownership.
AfrOil: NLNG urged to open pipelines to gas from other suppliers
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva has asked Nigeria LNG to let other producers access its pipeline networks so that more natural gas can be delivered to its LNG plant.
Italy in final stage of getting extra gas supplies from Libya, Algeria to replace Russian flows
Rich countries must cut oil and gas output 74% to ensure fair transition
Rich countries must reduce oil and gas output by 74% by 2030 and fully by 2034 in order to keep the world on track for 1.5°C and give poorer oil-reliant countries longer to replace their income from fossil fuel production.
Sylva urges NLNG shareholders to let other producers supply gas to its plant
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva has asked Nigeria LNG to let other producers access its pipeline networks so that more natural gas can be delivered to its LNG plant.
Kenya government fuel subsidy delay triggers shortages
Kenya is facing an acute shortage of petroleum products after the government delayed paying oil marketing companies (OMCs) a KES13bn ($112.9 mn) fuel subsidy.
ReconAfrica issues update on exploration and drilling work in Kavango basin
Canada’s Reconnaissance Energy Africa (ReconAfrica) has published a new outline of its plans for exploration and drilling work in the greater Kavango basin in north-eastern Namibia and north-western Botswana in 2022.
BW Offshore extends contract for Espoir Ivorien FPSO
BW Offshore (Norway) is briefly extending the term of its current contract for the Espoir Ivorien, an FPSO vessel anchored at the Espoir field offshore Côte d'Ivoire, in order to prepare for a much longer extension.
TotalEnergies Marketing Kenya's after-tax profit declines to $23.4mn
TotalEnergies Marketing Kenya Plc's after-tax profit declined to KES2.7bn ($23.4 mn) for the 12 months ended on December 31, 2021, down from KES3.2 bn in 2020.
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