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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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New analysis shows ‘worrisome’ jump in methane emissions with Turkmenistan, Algeria showing steep increases
Towards a new gas tax regime for Angola LNG
Angola’s president has been authorised to reduce tax rates on Angola LNG's purchases of natural gas, which is currently a less attractive feedstock than associated gas.
AfrOil: NNPC data shows huge increase in Nigerian gasoline subsidies
The Nigerian government spent nearly three times as much on domestic gasoline subsidies in the first five months of 2022 as it did in the same period of last year, according to Nigerian National Petroleum Co. Ltd (NNPC Ltd).
Majority of Scirocco Energy shareholders back sale of Tanzanian stake to Wentworth Resources
A majority of AIM-listed Scirocco Energy's shareholders have voted to approve the planned sale of a 25% stake in Ruvuma, a natural gas-bearing block in southern Tanzania, to UK-based Wentworth Resources.
Morocco’s Attijariwafa bank to arrange $250mn loan facility for Sound Energy’s Tendrara project
BP to explore King Mariout Offshore block in Egypt’s West Nile Delta area
BP (UK) has been awarded exploration rights to the King Mariout Offshore block in Egypt’s territorial waters.
Nigerian oil minister says OPEC+ group is running low on spare production capacity
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva said on June 24 that members of the OPEC+ group were running out of capacity to expand crude oil production.
Apex International Energy plans to increase exploration budget and oil output in Western Desert
GALP secures extension for exploration of PEL 83 offshore Namibia
Namibia’s Ministry of Mines and Energy has reportedly agreed to give Portugal’s Galp and its partners more time to prepare for exploration work at the PEL 83 licence area offshore Namibia.
NNPC data show huge increase in Nigerian gasoline subsidies in 5M 2022
The Nigerian government spent nearly three times as much on domestic gasoline subsidies in the first five months of 2022 as it did in the same period of last year, according to the national oil company.
Eco Atlantic to acquire another 6.25% in Block 3B/4B offshore South Africa via Azinam
UK-based Eco (Atlantic) Oil & Gas has arranged to increase its stake in Block 3B/4B offshore South Africa through a farm-out deal involving its wholly-owned subsidiary Azinam.
Nigeria to hand marginal oilfield licences to local companies on June 28
Nigeria will issue prospecting licenses to companies that won the right to develop marginal oilfields, the Nigerian Upstream Petroleum Regulatory Commission has revealed.
Congolese oil workers to go on hunger strike over pay
Oil workers in Congo are to go on hunger strike over low pay and other demands that have not yet been met by the government.
LPG consumption rising in Zimbabwe due to inadequate power supplies, energy regulator says
African gas pipeline projects revived due to European gas crisis
A mounting gas crisis in Europe caused by Russia’s decision to reduce flows has revived several African gas pipeline projects to take over from the Russian deliveries.
Ethiopia's government denies fuel shortage amid humanitarian aid delays
Ethiopia has denied a report by the European Union which stated that a lack of fuel is preventing the delivery of humanitarian aid to Tigray, the famine-struck region in the north of the country.
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