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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’s PCM subsidiary starts exporting oil from southern Chad via Cameroon
PetroChad Mangara (PCM) announced that it had begun exporting crude oil via the Chad-Cameroon pipeline after resuming production at two fields in the Doba basin in southern Chad.
Angola could save 275mn litres of diesel per year through energy transition, minister says
Nigeria’s Port Harcourt unlikely to refine this year
Eni, Sonatrach report new oil discovery in North Berkine basin
Italy’s Eni and its Algerian partner Sonatrach made a new hydrocarbon discovery in RODW-1, an exploration well drilled within the research perimeter of Sif Fatima II, a concession in the Berkine North basin.
TotalEnergies begins production at Ikike field offshore Nigeria
TotalEnergies (France) announced on July 25 that it had launched production at Ikike, a shallow-water field within the OML 99 licence area offshore Nigeria.
Dram Oil contests Deloitte’s due diligence claim
Dram Oil is seeking $187mn from Deloitte over alleged violation of duty of care and negligence.
Nigeria budgets $16bn for fuel subsidies in 2023
Dangote raises funds through bond offering
Italy arranges to import more gas from Algeria
Algeria has now surpassed Russia as the largest supplier of gas to the Italian market, but Europe is still a long way away from replacing Gazprom.
AfrOil: DRC raises number of blocks in licensing round to 30
The Democratic Republic of Congo (DRC) has increased the number of blocks included in an upcoming licensing round from 16 to 30, Minister of Hydrocarbons Didier Budimbu announced on July 18.
Cameroon launches bribery investigation into Glencore
Cameroon’s anti-corruption agency has begun an investigation into claims that mining company Glencore Plc paid bribes to officials at state-run companies in exchange for favours, an official has revealed.
Nigeria to continue with $3.5bn civil suit against Eni, Shell in Italian courts
Olabode Johnson, a lawyer for the Nigerian federal government, has said that Abuja will pursue civil claims against Shell (UK) and Eni (Italy) in the Italian court system over the acquisition of OPL 245.
DRC expands number of blocks in upcoming licensing round from 16 to 30
The Democratic Republic of Congo (DRC) has increased the number of blocks included in an upcoming licensing round from 16 to 30.
Nigeria launches NNPC as commercial entity
Nigerian President Muhammadu Buhari led a ceremony marking the launch of the country’s new state oil and gas concern, which will be known as Nigerian National Petroleum Co. Ltd (NNPC Ltd), in Abuja on July 19.
TotalEnergies announces 25-year extension of Berkine PSC in Algeria
TotalEnergies (France) said on July 19 that Algerian authorities had agreed to extend the PSC covering Block 208 and Block 404a, two onshore sites in the Berkine basin.
Afentra to acquire INA’s stakes in Block 3/05, Block 3/05A offshore Angola
AIM-listed Afentra revealed on July 19 that it had arranged to acquire minority stakes in Block 3/05 and Block 3/05A, both located offshore Angola, from Croatia’s Industrija Nafte (INA).
ExxonMobil may opt for modular construction of Rovuma LNG plant, sources say
The US super-major ExxonMobil may opt to use modular construction techniques to build a natural gas liquefaction plant in Mozambique rather than proceed with a more conventional approach.
South Africa’s Impact Oil & Gas seeks to raise up to $60mn through open offer subscription
South Africa’s Impact Oil & Gas said on July 18 that it was seeking to raise up to $60mn by offering its existing shareholders a chance to acquire new ordinary shares through an open offer subscription.
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