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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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FAR Ltd to withdraw from Guinea-Bissau project
Australia’s FAR Ltd has announced its intention of withdrawing from the Esperanca Blocks 4A and 5A and Sinapa Block 2, located offshore Guinea-Bissau.
Capricorn set to spud two exploration probes in South Abu Sennan concession onshore Egypt
Residents of Libya’s Oil Crescent threaten to blockade coastal terminals
Residents of the Libyan coastal region known as the Oil Crescent have reportedly threatened to halt crude exports in an attempt to break the impasse between rival political factions.
Nigerian court says Shell cannot sell SPDC stake until oil spill fine appeal is settled
A Nigerian federal court of appeals in Owerri has ordered Shell (UK) to suspend an asset sale, saying that the multi-national should not move ahead until it concludes the appeal of a fine imposed for a previous oil spill.
Slovenia plans to import gas from African countries to reduce dependence on Russian gas
Nigerian presidential administration praises NNPC’s efforts to ease fuel shortages
A representative of Nigerian President Muhammadu Buhari’s administration has said that efforts by NNPC to ease fuel shortages are having a positive effect.
NARTO head: Higher fuel prices are a burden on Nigerian road transport sector
Yusuf Lawan Othman, the head of Nigeria’s National Association of Road Transport Owners (NARTO), has noted that rising diesel prices are becoming increasingly burdensome for members of his group.
South African president eyes gas projects in Mozambique
South African President Cyril Ramaphosa said on Friday (March 11) that his country hoped to invest in the development of natural gas reserves in neighbouring Mozambique.
South Africa/Namibia: Eco Atlantic says acquisition of Azinam is nearly complete
UK-based Eco (Atlantic) Oil & Gas is close to wrapping up the acquisition of Azinam Group, an affiliate of Seacrest Capital Group that holds a number of assets offshore Namibia and South Africa.
Economist says oil finds allowed Ghana to borrow more money without helping economy
Ghana’s oil discovery, related to the borrowing trajectory of the country, only came to give us more space to borrow.
Eni, BP finalise deal to form independent joint venture Azule Energy, combining all their Angola businesses
Eni and BP have finalised an agreement first announced in May 2021 to form an independent joint venture in Angola that will combine all of the Italian and British energy majors’ businesses in the African country.
Zimbabwe: Invictus, Exalo sign binding drilling contract for Muzarabani-1 well
Invictus has executed a binding drilling rig contract with European onshore drilling contractor Exalo Drilling to drill the Muzarabani-1 exploration well
Nigerian rights group questions government spending on refineries
A Nigerian rights group, SERAP, has threatened to sue the government for the alleged mismanagement of funds approved for the rehabilitation, operation and maintenance of the country’s oil refineries.
Israel’s Marom Energy buys 30% stake in Morocco's Gaia
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.
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