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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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Euroguarco, Geronimo Oil and Gas partner to construct maiden fabrication facility in Ghana
The facility, which will be on a 9 acre land size, will be situated at Takoradi, in the Western Region due to proximity to the oil and gas and mining sectors as well as the affordability of lands in that area.
Nigerian: NCDMB receives approval to produce 10% local LPG demand
The Nigerian Content Development and Monitoring Board (NCDMB) has received approval to work with select partners to produce 10% of current nationwide demand for liquefied petroleum gas (LPG)
The Gambia Revenue Authority reports on Jah Oil’s tax payments
Yankuba Darboe, the commissioner general of The Gambia Revenue Authority (GRA), has reported that Jah Oil, a subsidiary of the Jah Group, is currently paying more than GMD65mn ($1.22mn) per month in taxes.
Sonangol to work with German companies to develop strategy for green hydrogen plant
Angola’s national oil company (NOC) Sonangol has teamed up with two German firms to explore its options for the construction of a green hydrogen plant.
Kinetiko starts gas flow test at Korhaan-4 well in South Africa
Perth-based exploration company Kinetiko Energy has announced the start of gas flow testing at the Korhaan-4 well in Amersfoort, South Africa. This is the first of three flow tests from a recently completed three-well drilling programme.
Ghana: Tullow Oil refrains from price guidance upgrade despite global surge in crude prices
Tullow Oil also recorded a net debt of $2.1bn at the end of 2021 compared with a $2.37bn the previous year following refinancing in May 2021.
INTERVIEW: Implications of war in Ukraine for Africa
Experts from Rystad Energy and Welligence Energy Analytics speak to NewsBase about what the Russia-Ukraine conflict might mean for oil and gas producers in sub-Saharan Africa.
AEC: Africa to grow oil & gas production from partnership between majors, NOCs
The African Energy Chamber (AEC) has said it anticipates a rise in oil and gas production this year, in a statement on March 9, based on its recently published ‘State of African Energy’ outlook for the first quarter of 2022.
Senegal: Bureau Technical Services to assist Subsea 7 on Sangomar project
UK-based Bureau Technical Services has agreed to provide Subsea 7 with quality assurance and quality control services (QA/QC) services at Sangomar, an oil-bearing block offshore Senegal.
Nigerian interior minister says domestic commercial vehicle fleet should switch to CNG
Nigeria’s Interior Minister Ogbeni Rauf Aregbesola has urged the country to promote the use of natural gas as a motor fuel in order to improve the domestic fuel supply situation.
Nigeria urges Turkey to invest in onshore oil and gas projects
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva discussed the prospects for Turkish investment in Nigerian oil and gas during a brief meeting with a Turkish official on March 8.
AEC: Africa to increase oil and gas exploration to offset declining production
The African Energy Chamber (AEC) has said it anticipates a rise in oil and gas exploration this year, in a statement based on its recently published ‘State of African Energy’ outlook for the first quarter of 2022.
Libya looking ready to fund South Refinery project
Sylva says Nigeria is not running low on gasoline
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva told reporters in Abuja on March 8 that the country was not running short of gasoline, even though consumers still face long queues at many filling stations.
Uganda: Schlumberger signs Tilenga drilling services contract with TotalEnergies
US-based Schlumberger has agreed to provide drilling, completion and production services to TotalEnergies (France) for the Tilenga upstream project in Uganda.
Nigeria: Seplat denies reports alleging cancellation of MPNU acquisition by NNPC
Nigeria’s Seplat Energy has denied media reports alleging that its plans to acquire Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil, have been upended by state-owned NNPC.
AfrOil: Libyan oil production sinks by 330,000 bpd
Libya’s oil production has reportedly sunk by about 330,000 barrels per day following the shutdown of two major sites: Sharara, the country’s biggest oilfield, and El Feel.
Fuel price spike affecting sales of high-capacity cars, say Ghana auto dealers
The persistent rise in fuel prices by Oil Marketing Companies (OMCs) due to the surge in prices at the global market is adversely affecting the sale of high engine capacity cars.
Mozambique: Petrolis completes mooring procedures for Coral Sul FLNG
Petrolis (Switzerland) reported on March 7 that it had wrapped up mooring procedures for the Coral Sul floating LNG vessel at the Coral natural gas field offshore Mozambique.
South Africa: Mantashe argues strongly in favour of developing oil and gas
South Africa’s Mineral Resources and Energy Minister Gwede Mantashe has come out strongly in favour of exploiting the country’s offshore oil and gas resources.
Libyan oil production sinks by 330,000 bpd as Sanalla blames ‘gangs’ for shutdown
Libya’s oil production has reportedly sunk by about 330,000 barrels per day (bpd) as a result of the shutdown of two major oilfields.
Liberian government cautions against panic buying of fuel after surprise price hike
Liberia’s government has responded to reports of motor fuel hoarding following a price hike by urging consumers not to engage in panic buying.
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