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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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Ghana minister announces spending cuts, other measures to stabilise economy
The measures, the says will help stabilise the economy and reduce the economic hardships that has currently engulfed the nation.
Consumers' group lobbies Kenya’s government to scrap 16% tax on LPG
Consumers Federation of Kenya (COFEK) is lobbying for removal of 16 % tax levied on liquefied petroleum gas (LPG) to make the commodity affordable.
Ghanaian government to reduce fuel prices; COPEC disappointed
Prices of petroleum products have seen a persistent rise due to a number of factors including the cedi depreciation against the US dollar, product availability due to tensions from Eastern Europe among others.
UTM Offshore hopes to sign FEED contract for Nigerian FLNG project next month
UTM Offshore expects to sign a front-end engineering and design (FEED) contract for its floating LNG project at the Yoho offshore oilfield sometime in April.
VAALCO contracts DOF Subsea for infrastructure revamp at Etame offshore Gabon
VAALCO Energy (US) has signed a contract with DOF Subsea (Norway) for construction and installation services related to the deployment of a new floating storage and off-loading (FSO) vessel at the Etame block offshore Gabon.
Ghana creates forex market for petroleum importers to stabilise fuel price hikes
A component of the price build-up is the downgrade of Ghana’s creditworthiness by rating agencies like Fitch Ratings and Moody’s.
South African NGO prepares to appeal against government authorisation of seismic study
Oceans Not Oil (ONO), a South African NGO, is preparing to appeal against the government's authorisation of a seismic survey at Block 1, a licence area off the Northern Cape.
Can the EU replace Russian gas with North African supplies?
Experts from Verisk Maplecroft and Welligence Energy Analytics comment on how North African gas producers might respond as Europe’s energy mix changes.
Nigeria opens second phase of $2.5bn fertiliser plant, Africa's largest, as Ukraine war disrupts market
Nigerian President Muhammadu Buhari has opened Africa’s largest fertiliser plant, a brand-new $2.5bn facility near Lagos, the country’s biggest city. Nigeria hopes to become a net exporter of urea.
AfrOil: Uganda’s energy minister hopes for refinery FID in 2023
Uganda’s Energy Minister Ruth Nankabirwa says the Albertine Graben Refinery Consortium (AGRC) is set to make a final investment decision next year on the construction of refinery for oil from fields near Lake Albert.
Uganda’s energy minister hopes FID on refinery for Lake Albert crude oil will be made next year
Uganda’s Energy Minister Ruth Nankabirwa says the Albertine Graben Refinery Consortium (AGRC) is on track to make a final investment decision (FID) next year on the construction of an oil-processing plant.
IPMAN submits fuel retailers’ reports on contaminated gasoline shipments to Nigerian government
A Nigerian fuel marketers' group has submitted a collection of reports on the financial and operational setbacks resulting from the accidental import of contaminated gasoline to the government.
Angola readies for refining project progress
Eco Atlantic revises CPR to cover all assets offshore Guyana, Namibia, South Africa
UK-based Eco (Atlantic) Oil & Gas said on March 21 that it has revised its competent person's report (CPR) to cover all of its assets offshore Guyana, Namibia and South Africa.
Eni, Sonatrach report new oil discovery at HDLE-1 well in Algeria
Eni (Italy) and its partner Sonatrach (Algeria) have discovered sizeable new reserves of crude oil and associated gas in the HDLE-1 exploration well drilled at Zemlet el Arbi licence in the Berkine North basin.
AfDB: Africa attracts $33bn worth of investment interest at global forum
A forum to promote investment into Africa has attracted $32.8bn in potential investment, according to the African Development Bank (AfDB).
Ghana: Tullow completes acquisition of additional shares in Jubilee, TEN oilfields from Occidental
Tullow Oil (UK/Ireland) reported on Monday (March 21) that it had finalised its acquisition of additional stakes in the Jubilee and Tweneboa-Enyenroa-Ntomme (TEN) oilfields offshore Ghana.
Kenyan official says government is working to keep fuel prices under control
Kenya’s National Treasury Secretary Ukur Yatani asserted on March 17 that the government was working actively to keep the domestic fuel market under control, despite widespread complaints about rising prices.
Tullow wins Supplier Development Award from Ghana’s Absa Bank
Ghana’s Absa Bank has named Tullow Oil (UK/Ireland) as the recipient of its Supplier Development Award, hailing the company’s commitment to the use of local content.
PAET head calls for expanding use of CNG as automotive fuel in Tanzania
The head of Pan African Energy Tanzania Ltd (PAET), a subsidiary of Tanzania’s Orca Energy, has suggested that Tanzanian authorities take steps to expand the use of CNG as an automotive fuel.
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