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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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Eco Atlantic revises CPR to cover all assets offshore Guyana, Namibia, South Africa
UK-based Eco (Atlantic) Oil & Gas said on March 21 that it has revised its competent person's report (CPR) to cover all of its assets offshore Guyana, Namibia and South Africa.
Eni, Sonatrach report new oil discovery at HDLE-1 well in Algeria
Eni (Italy) and its partner Sonatrach (Algeria) have discovered sizeable new reserves of crude oil and associated gas in the HDLE-1 exploration well drilled at Zemlet el Arbi licence in the Berkine North basin.
AfDB: Africa attracts $33bn worth of investment interest at global forum
A forum to promote investment into Africa has attracted $32.8bn in potential investment, according to the African Development Bank (AfDB).
Ghana: Tullow completes acquisition of additional shares in Jubilee, TEN oilfields from Occidental
Tullow Oil (UK/Ireland) reported on Monday (March 21) that it had finalised its acquisition of additional stakes in the Jubilee and Tweneboa-Enyenroa-Ntomme (TEN) oilfields offshore Ghana.
Kenyan official says government is working to keep fuel prices under control
Kenya’s National Treasury Secretary Ukur Yatani asserted on March 17 that the government was working actively to keep the domestic fuel market under control, despite widespread complaints about rising prices.
Tullow wins Supplier Development Award from Ghana’s Absa Bank
Ghana’s Absa Bank has named Tullow Oil (UK/Ireland) as the recipient of its Supplier Development Award, hailing the company’s commitment to the use of local content.
PAET head calls for expanding use of CNG as automotive fuel in Tanzania
The head of Pan African Energy Tanzania Ltd (PAET), a subsidiary of Tanzania’s Orca Energy, has suggested that Tanzanian authorities take steps to expand the use of CNG as an automotive fuel.
Ghana's BOST could buy Nigerian oil for TOR refinery to help reduce fuel prices - energy committee MP
He urged the government to consider scrapping some taxes off fuel prices.
India's IOCL mooting investment in Tullow project in Kenya
Indian Oil Corporation Ltd (IOCL) is weighing the viability of investing in the $3.4bn project of Tullow Oil Plc in Turkana, northwestern Kenya.
Sudan: Armed groups threaten workers at West Kordofan oilfields, workers say
Oilfield workers in the Balila area of Sudan’s West Kordofan state told Radio Dabanga earlier this week that that an armed group had targeted their work sites.
Tlou, Zismo partner on transmission line construction for Botswana’s Lesedi project
Tlou Energy, a Botswana-based clean energy company, has signed a contract for the construction of a transmission line for the Lesedi power project with Zismo Engineering, a local electrical engineering contractor.
AfrElec: Tlou, Zismo partner on transmission line construction for Botswana’s Lesedi project
Tlou Energy, a Botswana-based clean energy company, has signed a contract for the construction of a transmission line for the Lesedi power project with Zismo Engineering, a local electrical engineering contractor.
Ghana: huge fuel price hike looms, COPEC threatens demonstration
The Chamber for Petroleum Consumers, Ghana (COPEC) has threatened to embark on a demonstration, if nothing is done about the persistent spike in the prices of fuel by Friday.
AfrOil: Eni, BP finalise plan for Azule JV in Angola
Eni and BP have finalised an agreement first announced in May 2021 to form an independent joint venture in Angola.
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.
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