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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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Nigeria: Seplat denies reports alleging cancellation of MPNU acquisition by NNPC
Nigeria’s Seplat Energy has denied media reports alleging that its plans to acquire Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil, have been upended by state-owned NNPC.
AfrOil: Libyan oil production sinks by 330,000 bpd
Libya’s oil production has reportedly sunk by about 330,000 barrels per day following the shutdown of two major sites: Sharara, the country’s biggest oilfield, and El Feel.
Fuel price spike affecting sales of high-capacity cars, say Ghana auto dealers
The persistent rise in fuel prices by Oil Marketing Companies (OMCs) due to the surge in prices at the global market is adversely affecting the sale of high engine capacity cars.
Mozambique: Petrolis completes mooring procedures for Coral Sul FLNG
Petrolis (Switzerland) reported on March 7 that it had wrapped up mooring procedures for the Coral Sul floating LNG vessel at the Coral natural gas field offshore Mozambique.
South Africa: Mantashe argues strongly in favour of developing oil and gas
South Africa’s Mineral Resources and Energy Minister Gwede Mantashe has come out strongly in favour of exploiting the country’s offshore oil and gas resources.
Libyan oil production sinks by 330,000 bpd as Sanalla blames ‘gangs’ for shutdown
Libya’s oil production has reportedly sunk by about 330,000 barrels per day (bpd) as a result of the shutdown of two major oilfields.
Liberian government cautions against panic buying of fuel after surprise price hike
Liberia’s government has responded to reports of motor fuel hoarding following a price hike by urging consumers not to engage in panic buying.
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.
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