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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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Rwanda hikes motor fuel prices
The Rwanda Utilities Regulatory Authority (RURA) has raised retail prices for motor fuel in response to the upswing in world crude oil prices, effective March 6.
NNPC looks to derail Seplat Energy’s purchase of ExxonMobil’s shallow-water Nigerian assets
State-owned Nigerian National Petroleum Corp (NNPC) is seeking to derail independent Seplat Energy’s plans for purchasing Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil (US).
Eco Atlantic, partners contract rig for Block 2B offshore South Africa
Canada’s Eco (Atlantic) Oil & Gas and its partners in the Block 2B licence area offshore South Africa have secured a rig for the drilling of the Gazania-1 exploration well in the Orange basin.
QatarEnergy signs co-operation agreement with NAMCOR
QatarEnergy has taken steps to expand its involvement in Namibia’s emerging oil and gas industry by working more closely with the southern Africa country’s national oil company (NOC).
MENA countries’ stances vary as Russia-Ukraine war escalates
The recent Russian invasion of Ukraine is having a disruptive economic impact on the MENA region by driving up global wheat prices, which will impose yet more financial burdens on an already cash-strapped Egypt, the world's largest wheat importer.
Seismic survey blocked off South African west coast
The Western Cape High Court in Cape Town has blocked a seismic survey for oil and gas off the west coast of the country conducted by an Australian geoscience company.
EACJ postpones Uganda–Tanzania crude oil pipeline case over preliminary objections
The East African Court of Justice (EACJ) has postponed hearing of a case seeking to temporarily stop construction of a crude oil export pipeline from Uganda to Tanzania’s coastline.
SPDC signs gas delivery deal with Dangote Fertiliser
Shell Petroleum Development Co. (SPDC), a joint venture between Shell (UK) and three other oil companies, has struck a deal on natural gas deliveries to the second phase of the Dangote Fertiliser plant.
South African official: TotalEnergies must apply for production licence at Block 11B/12B by September
The head of South Africa’s state oil and gas regulator has said that TotalEnergies (France) might lose its licence for Block 11B/12B if it does not apply for production rights by September.
Brent Crude hits $117 per barrel, OMCs adjust price at pumps
COPEC is asking the government of Ghana to use the windfall revenue to cushion Ghanaians.
PIAC says Ghana earned $6.55bn in oil revenues in 2011-2020
Ghana's Public Interest and Accountability Committee (PIAC) has said that Accra earned a total of $6.55bn in petroleum revenues in 2011-2020.
Sonangol subsidiary slated to cut fuel supplies to São Tomé and Príncipe over unpaid debts
Angola’s National Fuel and Oil Co. (ENCO), a division of the national oil company Sonangol, was expected to cut petroleum product deliveries to São Tomé and Príncipe by 50% on March 1 due to non-payment of debts.
Nigeria, Equatorial Guinea sign MoU on joint processing of gas from stranded fields
Nigeria and Equatorial Guinea have signed a memorandum of understanding (MoU) that provides for natural and associated gas from stranded fields in the Nigerian offshore zone to be processed at the Punta Europa gas hub.
Gabon: VAALCO Energy expects to deploy FSO at Etame on schedule in Q3-2022
VAALCO Energy (US) is on track to deploy a floating storage and off-loading (FS) vessel at the Etame block offshore Gabon in the third quarter of this year, in line with its previously announced schedule.
Ghana fuel prices may surge by 6% due to Russian invasion of Ukraine, cedi depreciation - energy think tank
The energy think tank also believes that the spike is largely influenced by the sharp depreciation of the Ghana cedi against the US dollar
Buhari says Nigeria’s new NOC should become Africa’s biggest
Nigerian President Muhammadu Buhari says his administration will make the new national oil company, Nigerian National Petroleum Co. Ltd (NNPCL), the largest and most well-capitalised oil operator in Africa.
AfrElec: Deputy minister says Ghana must take cautious approach to energy transition
Ghana’s Deputy Energy Minister Andrew Egyapa Mercer said on March 1 that Accra should not adopt decarbonisation policies that are so strict that they limit options for the development of hydrocarbons.
Zimbabwe: Invictus finds anomalies while processing seismic data from SG 4571
Australia’s Invictus Energy says the ongoing processing of new and existing seismic data has revealed multiple anomalies in Special Grant 4571, the company’s licence area in the Cabora Basin in Zimbabwe.
AA: South African fuel price hike to hurt the poor
The Automobile Association of South Africa says that the fuel price increase announced this past week will have a sharp and immediate effect on the poor and a long-term impact on inflation.
AfrOil: Venus-1x may be sub-Saharan Africa’s largest oil find
UK-based Wood Mackenzie has speculated that the Venus discovery announced last week by TotalEnergies (France) at the PEL 56 licence area offshore Namibia may be the largest oil find ever made in sub-Saharan Africa.
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