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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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Sasol to cut output amid lockdown
Saudi oil surge and the threat to the energy transition
The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance
Pestilence and paper-pushers
The coronavirus outbreak is putting pressure on Uganda’s fuel market, and Kenyan tax claims have the potential to make the situation worse.
Nigeria instructs offshore platform operators to reduce staff levels
Nigeria’s Department of Petroleum Resources (DPR) has ordered oil and gas producers to reduce staff complements at their offshore drilling platforms.
Tower Resources declares force majeure on Cameroon project
UK-based Tower Resources has declared force majeure on its operations at the Thali licence area offshore Cameroon.
Pandemic stymies agreement on financing for Sangomar project
The coronavirus outbreak is hindering efforts to secure financing for the development of the Sangomar block offshore Senegal.
Oil prices take another tumble
Liberia’s Conex buys downstream assets from Total in West Africa
France’s Total has arranged to sell its petroleum product marketing operations and assets in Liberia and Sierra Leone to Conex Oil & Gas Holdings, a Liberian-owned company.
Governor of Rivers State rejects NLNG’s request for exemption from lockdown
The government of Nigeria’s Rivers State has rejected a request from Nigeria LNG (NLNG) and several other companies involved in the natural gas sector for an exemption from the lockdown regime imposed last week.
Malawi hopes to expand fuel storage capacity by 50%
The National Oil Company of Malawi (NOCMA) is gearing up to expand its fuel storage network, according to a high-ranking company representative.
Sylva: Nigeria gearing up to raise oil output
Nigeria intends to raise oil production following the lapse of the OPEC-plus agreement on March 31, according to Timipre Sylva, the Minister of State for Petroleum Resources.
Liberia to commission first refinery
Seplat reports profits up, revenues down in 2019
Seplat Petroleum Development, an independent Nigerian operator, has revealed that its revenues declined while profits rose in 2019.
US considers wading into Saudi-Russia supply war
Fitch cuts oil price outlook for 2020 from 62.5/bbl to $41/bbl on global recession fears
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
Nigeria seen cutting Bonny Light, Qua Iboe prices by at least $3 per barrel
Nigeria will reportedly join Saudi Arabia in selling its oil at a significant discount to Brent, one of the world’s main benchmark crudes.
Fuel shortages reportedly continuing in many parts of Sudan
Many cities and towns in Sudan have continued to report fuel shortages, despite the government’s efforts to improve supply conditions.
Uganda tasks state-owned company with bulk fuel sales to local retailers
Uganda’s government has officially tasked a state-owned business, Uganda National Oil Co. (UNOC), with selling bulk quantities of imported petroleum products to local retailers.
Tanzanian energy minister says domestic fuel reserves are adequate
Tanzania’s Energy Minister Medard Kalemani said last week that the country’s fuel inventories were capable of covering domestic demand for at least two months.
Liberia invites local companies to pre-qualify for offshore bidding round
Liberia’s government has indicated that it wants international oil companies (IOCs) to team up with local partners in the country’s upcoming offshore licensing round.
African Energy Chamber urges tax breaks for local oilfield service providers
African oilfield service operators deserve support from the governments of African oil and gas-producing states, a Johannesburg-based industry association has argued.
South Sudan defers plans for first licensing round
South Sudan’s government has postponed the country’s first licensing round.
Work inches forward on Mozambique LNG, Coral South FLNG
New contracts awarded for services related to the Mozambique LNG and Coral South FLNG projects mark steps forward for both facilities in an increasingly uncertain market.
Nigeria under more pressure
The continued fall in oil prices is already having an impact on Nigeria's economy, and there is probably more trouble ahead.
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