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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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SPDC head calls oil theft in southern Nigeria an “existential threat”
Osagie Okunbor, managing director of the Shell Petroleum Development Co. (SPDC) joint venture, has described oil theft in southern Nigeria as an “existential threat” to the country’s hydrocarbon industry.
Decom Engineering to deploy saws for West African, UKCS offshore pipeline cutting projects
Decom Engineering, a pipeline decommissioning firm based in Northern Ireland, said on July 7 that it had won contracts worth for two new projects offshore West Africa and on the UK Continental Shelf (UKCS).
Nigeria: Afreximbank to provide partial financing for UTM Offshore’s FLNG project
The African Export-Import Bank (Afreximbank) revealed on July 7 that it had agreed to work with Nigeria’s UTM Offshore to cover part of the cost of a floating LNG project.
VAALCO announces completion of South Tchibala 1HB-ST well at Etame Marin
VAALCO Energy (US) reported on June 7 that it had successfully completed the South Tchibala 1HB-ST well, after wrapping up drilling operations from the Avouma platform at the Etame Marin block offshore Gabon.
Tanzania raises cap on fuel prices
Nigerian National Petroleum Company to compete with private sector
The Nigerian National Petroleum Company (NNPC) will fiercely contend for the country’s oil and gas assets in the country when it turns into a commercial entity later this month, CEO Mallam Mele Kyari said.
New gasoline unit launched at Luanda refinery
ASV-1X well in Abu Sennan onshore licence partly owned by United Oil & Gas drilled safely
Barkindo: Downstream factors play a key role in oil price volatility
Mohammad Sanusi Barkindo, the late secretary-general of OPEC, said hours before his death that constraints in the downstream sector were making a bigger contribution to the volatility of oil prices than most observers realise.
OPEC secretary-general dies in Abuja
Mohammad Sanusi Barkindo, the secretary-general of OPEC, died unexpectedly in Abuja late on July 5.
AfrOil: Shell suspends SPDC stake sale
Shell (UK) has put plans for selling its 30% stake in the SPDC joint venture on hold pending the Nigerian Supreme Court’s resolution of a lawsuit related to an oil spill in 2018.
OPEC members provide refining capacity update
Invictus Energy makes upward revision in resource estimate of Mukuyu gas field in Zimbabwe
Australia’s Invictus Energy said on July 5 that it had upgraded the prospective resource estimate for Mukuyu, one of two fields within its Special Grant 4571 (SG 4571) licence area in the Cabora Bassa basin.
Nigeria will not remove fuel subsidy, government reveals
Nigeria will not be removing its fuel subsidy, despite the high cost to the country’s budget, Information Minister Lai Mohammed said on July 4.
Nigerian gas company Tetracore aims to launch IPO by year-end
Tetracore, a Nigerian natural gas producer and distributor, has said it hopes to start listing its stock on a foreign exchange before the end of the year.
Petrofac wins contract from Tullow for FPSO operations service at Jubilee field offshore Ghana
Jersey-headquartered Petrofac said on July 4 that it had won a contract from Tullow Oil (UK/Ireland) to provide operations services for the Jubilee project offshore Ghana.
TotalEnergies rep says gas is Nigeria’s best option for low-carbon future
Victor Bandele, deputy managing director for deepwater operations at TotalEnergies Nigeria, says his company sees natural gas as Nigeria’s best option for expanding access to electricity while minimising carbon emissions.
NUPRC head says Nigerian companies should see IOCs’ divestments as an opportunity
Gbenga Komolafe, the head of the NUPRC, has urged Nigeria’s largest independent oil companies to take advantage of opportunities that are emerging because of foreign investors’ decisions to divest.
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