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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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OPEC+ kicks off meeting with focus on supplies
Ghana ready to phase out fossil fuel to renewable energy – deputy minister
The lack of resources could affect the transition to cleaner energy.
Shootout at Nigeria's Dangote Refinery
AfrOil: NUPRC highlights oil thefts from Bonny, Forcados, Brass pipeline networks
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has identified the pipeline networks serving the Bonny, Forcados and Brass terminals as the biggest sources of crude oil theft in the country.
Qatar Energy buys 40% working interest from Exxon Mobil in North Marakia block in offshore Egypt
South Africa's Central Energy Fund confirms plan to acquire 10% of Virginia Gas Project
South Africa’s Renergen confirmed in a stock exchange statement that it had signed a term sheet with the state-controlled Central Energy Fund (CEF) on the sale of a minority stake in its subsidiary Tetra4 Pty Ltd.
Mozambique-IMF reach staff-level agreement for $470mn facility
Mozambique and the International Monetary Fund have struck a staff-level agreement for a $470mn facility, the Bretton Woods institution said on March 28.
United Oil & Gas announces production start at ASD-2 well in Abu Sennan licence onshore Egypt
Nigeria’s Akwa Ibom state aims to block ExxonMobil’s sale of MPNU stake to Seplat Energy
Nigeria’s Akwa Ibom state has filed a counter-claim against ExxonMobil in a bid to block the super-major’s planned sale of its stake in the Mobil Producing Nigeria Unlimited (MPNU) JV to Seplat Energy.
Renergen to sell 10% of Tetra4 subsidiary to South Africa’s Central Energy Fund
Renergen (South Africa) has arranged to sell a 10% stake in its Tetra4 subsidiary, which serves as the operator of the Virginia natural gas project, to the state-owned Central Energy Fund (CEF).
Eni raises reserve estimate for Ndungu field offshore Angola
Eni has revised its reserve estimate for Ndungu, a field within Block 15/06 offshore Angola, upwards to 800mn-1bn barrels of oil equivalent following the successful completion of an appraisal well.
NUPRC names Bonny, Forcados, Brass terminal networks as main targets of oil thieves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has identified the pipeline networks serving the Bonny, Forcados and Brass terminals as the biggest sources of crude oil theft in the country.
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.
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