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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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Nigerian minister comments on compliance with OPEC quotas
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva said last week that his country was determined to meet its obligations as a member of OPEC by complying with the group’s oil production quotas.
Buhari comments on Nigerian government’s plans for new oil law, security measures
Muhammudu Buhari, the president of Nigeria, said last week that his administration hoped to ratify a new version of the law governing the oil industry in the near future.
NNPC chief comments on Nigerian compliance with OPEC production policy
NNPC's chief says Nigeria is not fully compliant with OPEC production policy but plans to make cuts.
Nilepet comments on 2020 licensing round, future plans
South Sudan has reiterated its commitment to launching its next licensing round in the near future.
Libyan oil sector facing multiple challenges
Libya’s National Oil Company (NOC) has had to deal with a series of challenges in recent weeks.
Mozambique will seek $880mn in capital gains tax from Anadarko
Mozambique’s President Filipe Nyusi hopes that US-based Occidental Petroleum’s takeover of Anadarko Petroleum, another US company, will generate extra tax revenue for his government.
Ugandan official says collapse of Tullow’s farm-out deal does not derail oil industry
A Ugandan official said last week that the country’s nascent oil industry was not doomed because of the collapse of Tullow Oil’s $900mn farm-out deal with France’s Total and China National Offshore Oil Corp. (CNOOC) for the Lake Albert project.
Total comments on Nigeria LNG’s Train 7 project
France’s Total has reiterated its commitment to the expansion of the Nigeria LNG complex.
Senegal looking more attractive after latest offshore discovery
Senegal's upcoming offshore bidding round is likely to draw more interest in the wake of BP's discovery of sizeable gas reserves at the Yakaar-Terenga field.
NNPC says rehab programme will allow refineries to operate at full capacity
NNPC has announced plans to overhaul and repair all of its oil refineries in less than three years.
Uganda still wants Tullow’s FID on Lake Albert project by December 31
Robert Kasande, the permanent secretary of Uganda’s Ministry of Energy, said last week that Kampala still hoped to see UK-listed Tullow Oil make a final investment decision (FID) on its Lake Albert block.
Nigeria LNG seeking $10bn in financing for Train 7 expansion scheme
Tony Attah, the CEO of Nigeria LNG (NLNG), said last week that the consortium intended to finance a $10bn expansion project through a combination of debt and equity.
Winners of Angolan bidding round will be able to develop gas as well as oil
Angola will permit the winners of its next offshore bidding round to develop natural gas as well as oil, a representative of the national hydrocarbons agency noted last week.
Fuel price pinch in East Africa
TPI urges fossil fuel industry to face up to climate change
New hope for African light sweet crude?
African light sweet crude production could serve as an alternative to Arab Light and Arab Extra Light – but only if Saudi production outages are not reversed quickly.
South Africa gives Eni, Sasol green light for exploration drilling at Block ER236
Italy’s Eni and its South African partner Sasol have gained permission to conduct exploration drilling within Block ER236, an offshore licence area in the Indian Ocean.
New Age M12 Holdings finalises sale of 25% stake in Marine XII to Lukoil
New Age M12 Holdings has wrapped up the sale of its 25% stake in Marine XII, a shallow-water block located offshore Republic of Congo, to Lukoil, Russia’s largest privately owned oil operator.
Nigeria LNG names international consortium as winner of EPC contract for Train 7
Nigeria LNG has taken a step toward making a final investment decision (FID) on plans for the construction of a seventh production train at the Bonny Island gas liquefaction plant.
Nigerian analyst comments on US shale boom’s consequences for Africa
US operators may be benefitting from the shale oil boom, but their gains have come at the expense of African producers, according to a Nigerian analyst.
Draft law awards South Africa’s government a 10% stake in new projects
South Africa’s Department of Mineral Resources and Energy hopes to revive a proposal to award an equity stake in every new oil and gas project to the government at no cost.
Nigeria’s CESL arranges to buy Armada Perdana FPSO from Malaysian company
Malaysia’s Bumi Armada said last week that it had arranged to sell a floating production, storage and off-loading (FPSO) unit to Century Energy Services Ltd (CESL) of Nigeria.
Will Tanzania’s loss be Kenya’s gain?
Nairobi’s talk about working with Uganda to build an oil export pipeline is not likely to lead to much concrete action.
Libya’s NOC halts kerosene deliveries to eastern regions
Libya’s National Oil Corp. (NOC) has suspended deliveries of kerosene to areas in the centre and the east that were not under the control of the government in Tripoli.
Ahead of ICJ hearing, Somalia denies Kenyan claims on offshore auctions
Somalia’s government has denied claims that it intends to head off a pending arbitration case by auctioning off a number of offshore blocks that may contain crude oil and natural gas near its disputed maritime border with Kenya.
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