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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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Nigeria could witness ‘mother of all queues’ due to fuel debts, retailers warn
The Independent Petroleum Marketers Association of Nigeria has warned that Nigeria could witness “the mother of all queues” if the government fails to pay money owed to the oil sector.
CBN says rising crude prices are not helping Nigeria due to sluggish oil revenues, high gasoline subsidies
The Central Bank of Nigeria (CBN) says the rise in world crude oil prices is not benefiting the government’s finances, as spending on domestic gasoline subsidies is rising more quickly than oil revenues.
Shell follows Nigerian Supreme Court’s order and suspends SPDC stake sale
Shell has put plans for selling its 30% stake in the Shell Petroleum Development Corp. (SPDC) JV on hold pending the Nigerian Supreme Court’s resolution of a lawsuit related to an oil spill in 2018.
SDX Energy reports on spudding of MSD-23 infill development well at Meseda Field at West Gharib in Egypt
SDX Energy reports that the MSD-23 infill development well has been spudded at the Meseda Field, located within the West Gharib concession.
Nigeria’s UTM Offshore aims for FID on Yoho FLNG project in Q2-2023
Nigeria’s UTM Offshore is looking to make a final investment decision on a floating LNG project at the Yoho offshore oilfield in the second quarter of 2023.
Duport modular refinery set for launch
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.
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