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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’s economy grew 3.4% last year despite oil-refining woes
UAE’s Dragon Oil claims discovery of field in Gulf of Suez with 100mn barrels of oil
Gasoline shortages and unexpected consequences
Nigeria’s attempt to avoid labour unrest and consumer discontent by keeping its gasoline subsidy in place indefinitely backfires.
CHEC to act as subcontractor for NLNG’s Train 7 project
China Harbour Engineering Co. (CHEC) is slated to act as a subcontractor for the Train 7 expansion project at the Nigeria LNG (NLNG) plant on Bonny Island.
Report: Shell may have started appraisal drilling at Graff oilfield offshore Namibia
Shell (UK) was reportedly slated to begin drilling an appraisal well at Graff, a newly discovered oilfield at the PEL 39 licence area offshore Namibia, on February 15, informed sources have told Upstream.
Nigerian president instructs Senate to fund gasoline subsidy in H2-2022
Nigerian President Muhammadu Buhari has instructed the Senate, the upper chamber of the National Assembly, to allocate NGN2.557 trillion ($6.15bn) in funding for the gasoline subsidy in the second half of 2022.
Invictus to spud first Cabora Bassa well in June
Australia’s Invictus Energy is on track to spud its first well at Special Grant 4571, its licence area within the Cabora Bassa basin in Zimbabwe, in June of this year.
Libyan oil workers reportedly threaten strike at Marsa el-Hariga
Workers at Libya’s Marsa el-Hariga terminal have reportedly threatened to suspend crude oil exports by the end of February unless their salary demands are met by Arabian Gulf Oil Co. (AGOCO).
Saipem says it will appeal Algerian court’s conviction on Arzew LNG fraud charges
Italy’s Saipem said on February 15 it will appeal its conviction in an Algerian court on criminal charges of fraud related to the award of a contract in 2008 for the construction of the Arzew LNG plant.
AfrOil: TotalEnergies CEO qualifies statements on Mozambique LNG restart
Patrick Pouyanné, the CEO of TotalEnergies (France), has qualified his recent statements about the possibility that work on the Mozambique LNG project may resume before the end of this year.
Ghana's BOST to invest GHS200mn in fuel transport initiatives in 2022
BOST's six depots located in Tema in Accra, Buipe in the Savanna, Kumasi in the Ashanti, Bolgatanga in the Upper East, Akosombo and Adome in the Eastern regions of Ghana.
Ghana: NPA head cautions consumers against 'table-top' fuel stations
The trade deemed to be illegal is said to be ongoing in rural communities across the country, however, the NPA believes that it is a recipe for disaster.
Wentworth Resources says new CPR confirms long-term potential of Tanzania gas project
BP, Shell put Sapref refinery on indefinite hold
BP (UK) and Shell (UK) have announced plans to suspend operations at the Sapref refinery indefinitely.
Fuel contamination concerns lead NNPC to turn two gasoline tankers away
NNPC has reportedly prevented two tankers that loaded up with gasoline in Antwerp from discharging in Lagos, citing concerns about the possibility that they might be carrying contaminated fuel.
Pouyanné says Mozambique LNG restart may take more than a year
Patrick Pouyanné, the CEO of TotalEnergies (France), has qualified his recent statements about the possibility that work on the Mozambique LNG project may resume before the end of this year.
Algeria’s Sonatrach signs deal for oil production in Niger
NCDMB begins training local oilfield service providers in offshore operations
The Nigerian Content Development and Monitoring Board (NCDMB) has launched a training programme for oilfield service providers (OSPs) seeking to expand their capacity to operate in the country’s offshore zone.
NNPC, Sahara Group subsidiary, Edo state build road to serve oil communities
Nigerian National Petroleum Corp. (NNPC) has teamed up with the administration of Edo state and a subsidiary of Sahara Group to build a 16.7-km section of road between Ikpako and Ajoki.
Invictus preparing to sign well services contract with Baker Hughes for Cabora Bassa
Australia’s Invictus Energy is gearing up to sign an integrated well services contract with Baker Hughes (US) related to its Cabora Bassa project in Zimbabwe.
Head of Nigerian fuel truck drivers’ union threatens nationwide strike
The head of the Petroleum Tanker Drivers (PTD) labour union in Nigeria has threatened to call a national strike unless the federal government commits to the rehabilitation of 21 critical roadways.
NNPC names four suppliers of contaminated gasoline
Nigerian National Petroleum Corp. (NNPC) issued a statement on February 10 naming four of the companies that supplied the contaminated gasoline that is being blamed for recent shortages.
News out of Namibia
Shell’s discovery at Graff-1 has inspired excitement about the potential of Namibia’s offshore zone.
The Gambia seeks bids for Block A1
The Ministry of Petroleum and Energy of The Gambia has launched a new licensing round covering only one offshore site, known as Block A1.
Namibia to fast-track development of offshore oil discovery at Graff-1
Early analysis of the exploratory drilling estimates that the Graff-1 well could net Namibia 250-300mn barrels of oil and gas.
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