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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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Gabon: VAALCO Energy expects to deploy FSO at Etame on schedule in Q3-2022
VAALCO Energy (US) is on track to deploy a floating storage and off-loading (FS) vessel at the Etame block offshore Gabon in the third quarter of this year, in line with its previously announced schedule.
Ghana fuel prices may surge by 6% due to Russian invasion of Ukraine, cedi depreciation - energy think tank
The energy think tank also believes that the spike is largely influenced by the sharp depreciation of the Ghana cedi against the US dollar
Buhari says Nigeria’s new NOC should become Africa’s biggest
Nigerian President Muhammadu Buhari says his administration will make the new national oil company, Nigerian National Petroleum Co. Ltd (NNPCL), the largest and most well-capitalised oil operator in Africa.
AfrElec: Deputy minister says Ghana must take cautious approach to energy transition
Ghana’s Deputy Energy Minister Andrew Egyapa Mercer said on March 1 that Accra should not adopt decarbonisation policies that are so strict that they limit options for the development of hydrocarbons.
Zimbabwe: Invictus finds anomalies while processing seismic data from SG 4571
Australia’s Invictus Energy says the ongoing processing of new and existing seismic data has revealed multiple anomalies in Special Grant 4571, the company’s licence area in the Cabora Basin in Zimbabwe.
AA: South African fuel price hike to hurt the poor
The Automobile Association of South Africa says that the fuel price increase announced this past week will have a sharp and immediate effect on the poor and a long-term impact on inflation.
AfrOil: Venus-1x may be sub-Saharan Africa’s largest oil find
UK-based Wood Mackenzie has speculated that the Venus discovery announced last week by TotalEnergies (France) at the PEL 56 licence area offshore Namibia may be the largest oil find ever made in sub-Saharan Africa.
PetroSA to take over Sapref
Mineral Resources and Energy Minister Gwede Mantashe says that PetroSA could take over operations at Sapref
Chariot wins 75% stake in Rissana licence offshore Morocco
AIM-listed Chariot announced on Monday (February 28) that it had secured a 75% stake in Rissana, a licence area surrounding its Lixus block in Morocco’s offshore zone.
Republic of Congo: NFE, Eni subsidiary sign HoA on Fast LNG technology
US-based New Fortress Energy (NFE) has arranged to make its Fast LNG technology available to a subsidiary of Italian energy major Eni for use off the coast of the Republic of Congo (ROC).
Somalia’s offshore oil dealings arouse concern in Kenya despite cancellation of PSAs
Kenyan officials have reportedly expressed concern about the Somali petroleum minister's recent signing of deals for seven offshore blocks, despite Somali President Mohamed’s swift cancellation of those deals.
South Africa, Namibia to hike domestic fuel prices this week
Both South Africa and Namibia are set to see petroleum prices rise this week, owing to the increase in global crude oil prices.
Venus-1x may be largest oil find ever made in sub-Saharan Africa, Wood Mackenzie says
UK-based Wood Mackenzie has speculated that the discovery announced last week by TotalEnergies (France) at the PEL 56 licence area in Namibia’s offshore zone may be the largest oil find ever made in sub-Saharan Africa
Nigeria: Sylva voices concern about rising oil prices
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva has expressed concern about the rise in world oil prices.
Nigeria: Companies blamed for contaminated fuel imports deny responsibility
Several of the companies named by Nigerian National Petroleum Corp. (NNPC) as responsible for importing contaminated gasoline into the country have denied responsibility for doing so.
Chad reappoints petroleum minister who renegotiated Glencore $1bn oil-for-cash deal
Eni brings another fast-track project deep offshore Angola online
Seplat Energy strikes $1.5bn deal to buy ExxonMobil’s shallow water assets in Nigeria
TotalEnergies announces ‘significant’ discovery offshore Namibia
Eni and Brazzaville eye gas export prospects
Eni has unveiled plans for installing 2mn tpy of LNG production capacity in the Republic of Congo’s offshore zone.
Angola transfers Block 24 from Sonangol to ANPG
Angola’s government assigned Block 24 to the National Oil, Gas and Biofuels Agency (ANPG) on February 23 for the purpose of facilitating exploration and development.
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