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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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UPDATED: Oil prices fall to less than zero for the first time in history
Oil prices fell to less than zero for the first time in history as producers ran out of places to store crude on April 20.
Sudan to allow private firms to import fuel
Nigeria announces end to fuel subsidies
Oil plunges again after IEA paints bleak picture
Nigeria, Algeria, South Sudan endorse new OPEC-plus production deal
Nigeria, Algeria and South Sudan have agreed to trim output in order to help rebalance markets.
Libya's NOC says gas flows disrupted following unauthorised pipeline closure
Libya’s National Oil Corp. (NOC) has reported a disruption in natural gas flows through a pipeline serving the western part of the country.
NGOs urge bank not to fund Uganda-Tanzania oil pipeline
More than 100 non-governmental organisations (NGOs) have banded together to urge the African Development Bank (AfDB) to refuse loans to Uganda and Tanzania for the construction of a new oil export pipeline.
Grand Tortue/Ahmeyim project falls behind schedule
BP is reportedly set to delay work at Grand Tortue/Ahmeyim, an offshore block that straddles the maritime border between Senegal and Mauritania, by about a year.
PUMA Energy Tanzania donates fuel to support coronavirus mitigation efforts
PUMA Energy Tanzania has arranged to donate more than TZS100mn ($43,481) worth of motor fuel to the national government in order to support efforts to contain the coronavirus pandemic.
Nigeria may be preparing to launch marginal field auctions
Nigeria’s government has reportedly approved plans to launch another licensing round for marginal fields.
OPEC+ cuts deep into global supply, but not deep enough
Oil prices give up early gains as analysts say new OPEC+ production cuts not big enough
ExxonMobil delays FID on Rovuma LNG
Super-major ExxonMobil has announced that it is pushing back a final investment decision on the proposed Rovuma LNG project in Mozambique.
Nigeria to close loss-making refineries
Algeria launches new pipeline to ramp up exports
Four windows on OPEC-plus talks
Smaller oil-producing states will watch the upcoming Russian-Saudi discussions closely.
Tullow comments on status of African projects
Tullow Oil (UK/Ireland) has indicated that it remains optimistic about its projects in Africa despite the challenges posed by the coronavirus pandemic and lower crude oil prices.
Libya Oil Uganda wins early victory in lawsuit over tax payments
Ola Energy, a Kenyan fuel marketing company formerly known as OiLibya, has taken legal action against the Ugandan Revenue Authority (URA) to protest against the latter’s demand for payment of import taxes.
Nigeria’s LPG consumption plan will cost more than $6bn
Dayo Adeshina, the programme manager of the Nigerian federal government’s National LPG Expansion Plan (NLPGEP), has said that the country cannot push domestic LPG consumption up to targeted levels unless it invests more than $6bn in infrastructure.
Lower oil prices lead Angola to review 2020 budget
Angola’s government recently announced plans to review this year’s budget in light of changing conditions on world crude markets.
Tanzania says pandemic not likely to disrupt domestic fuel supplies
Tanzania’s Energy and Water Utilities Regulatory Authority (EWURA) has indicated that it does not expect domestic petroleum product markets to suffer any disruptions as a result of the coronavirus outbreak.
IMOPETRO head says Mozambique not likely to experience fuel shortages
The head of Mozambique’s state petroleum import agency IMOPETRO has said that the country is not likely to experience any fuel shortages as a result of the coronavirus pandemic.
Energean to exclude Algerian assets from Edison E&P acquisition
UK-listed Energean Oil & Gas has agreed to exclude Algerian assets from the deal that will see it take control of a subsidiary of Italy’s Edison.
Trump signals Russia-Saudi truce
Russia, Saudi Arabia agree to slash oil production, Trump claims
Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.
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