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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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Nigeria signs renegotiated PSCs for five deepwater blocks
Nigerian National Petroleum Co. Ltd (NNPC Ltd) has completed the process of negotiating new production-sharing contracts (PSCs) for five deepwater blocks in a move that will unlock more than $500bn in revenue.
Subsidiary of South Africa’s CEF authorised to buy 50% stake in BP’s Cape Town fuel terminal
South Africa’s state-owned Central Energy Fund (CEF) says its subsidiary, the Strategic Fuel Fund (SFF), has been authorised to acquire a 50% stake in the Cape Town fuel terminal, owned by BP Southern Africa (bpSA).
Senegal/Mauritania: Golar LNG says conversion of Gimi LNG tanker for GTA project is 86% complete
Bermuda-registered Golar LNG says the process of converting the Gimi LNG tanker into an FLNG plant for installation at the GTA block offshore Senegal and Mauritania is at least 86% complete.
Eco Atlantic mobilises rig for drilling of Gazania-1 well offshore South Africa
UK-based Eco (Atlantic) Oil & Gas reported on August 12 that it had mobilised the rig that it will use to drill the Gazania-1 exploration well at Block 2B offshore South Africa in the Orange basin.
Sonangol head expects NGC project to support domestic fertiliser production
The head of Angola’s national oil company (NOC) Sonangol expects the launch of the country’s first non-associated gas project to support the operation of gas-based industries such as fertiliser production.
AfrOil: Eni acquires Tango FLNG for Marine XII project
Italian oil major Eni SpA has acquired Tango FLNG, a small-scale floating LNG (FLNG) vessel, for installation at the Marine XII block offshore Republic of Congo from Belgium’s Exmar.
Kanfer Shipping, EGAS and Leth Suez Transit to establish LNG bunkering joint venture in Suez Canal
ADM completes 17th cargo lift at offshore Nigerian oil field
ADM Energy, a natural resources investing company listed in the UK and Germany, has announced the completion of the 17th cargo lifting at the Aje Field, offshore Nigeria.
Mozambique's president announces plan to create natural gas-backed sovereign wealth fund, cut taxes
NLNG’s shipping arm reportedly preparing to sell three tankers
Bonny Gas Transport, the shipping arm of the Nigeria LNG (NLNG) consortium, has reportedly listed the three oldest vessels in its fleet of LNG carriers for sale.
Malawi still hunting for pipeline backing
South Africa: Central Energy Fund completes due diligence on ZAR1bn investment in Renergen’s Virginia gas project
South Africa: Central Energy Fund completes due diligence on ZAR1bn investment in Renergen’s Virginia gas project
Quanten signs Soyo deal amid Angolan refining surge
NESG: Nigeria’s economy suffers because government fails to reap benefits of high oil prices
The Nigeria Economic Summit Group (NESG), a Lagos-based think tank, said on August 10 that the country’s economy was suffering because the government had failed to take full advantage of the upswing in oil prices.
Nigeria: unplanned LNG plant outages prove costly for international energy giants
Traders of liquefied natural gas (LNG) have been forced to pay over the odds to fill up European storage facilities after unplanned outages around the world caused prices to spike, Mining Weekly has reported.
BW Energy secures up to $300mn in financing for Dussafu project offshore Gabon
Norway’s BW Energy revealed on August 9 that it had made new financing arrangements for to help cover the costs of development at the Dussafu licence area offshore Gabon.
Aminex reports on implications of 3D seismic survey contract award offshore Tanzania
Ireland’s Aminex is one step closer to acquiring extra 3D seismic data on a section of the Killiwani North Development Licence (KNDL) offshore Tanzania due to the award of a 3D seismic survey contract for Songo Songo.
Nigeria: ExxonMobil facing new obstacles in sale of MPNU stake to Seplat Energy
The NUPRC has challenged President Buhari’s approval of a previously agreed deal that would transfer the US super-major’s shallow-water Nigerian portfolio to Seplat Energy.
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