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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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BP, Kosmos complete sale and lease-back transaction for GTA FPSO
BP (UK) and Kosmos Energy (US) have completed the transaction for sale and lease-back of the floating production, storage and off-loading (FPSO) unit that will be installed at the Grand Tortue/Ahmeyim block.
Tower Resources, Beluga Energy sign HoA on Thali block
Tower Resources (UK) has signed a binding Heads of Agreement (HoA) with Beluga Energy (Nigeria) on a farm-out deal involving the Thali block offshore Cameroon.
Sonatrach says Skikda LNG plant has resumed production
Sonatrach, the national oil company (NOC) of Algeria, confirmed last week that it had restarted production at the Skikda LNG plant.
NOCK under fire from government auditors
The National Oil Corporation of Kenya (NOCK) is under fire for its shaky finances, with the Office of the Auditor-General (OAG) expressing particular concern about the company’s failure to pay loans from KCB Bank Kenya.
AfrOil: NOCK under fire from government auditors
The National Oil Corporation of Kenya (NOCK) is under fire for its shaky finances, with the Office of the Auditor-General (OAG) expressing concern about the company’s failure to pay loans from KCB Bank Kenya.
Committee recommends approval of Ghanaian government’s loan plan
The Ghanaian Parliament’s Joint Committee of Finance and Mines and Energy has responded positively to the government’s request for permission to borrow more than $1bn to fund offshore oil and gas projects.
NNPC financials show refining losses
Ghana hopes to borrow $1.65bn for investment in offshore exploration and production
The government of Ghana has asked Parliament for approval to borrow up to $1.65bn for the purpose of investing in offshore oil and gas projects.
Air Products to supply MCHEs for NLNG’s Train 7 project
US-based Air Products has agreed to supply heat exchangers for the Nigeria LNG (NLNG) consortium’s Train 7 project.
Shell reportedly planning to reduce its footprint in Nigeria
Shell is reportedly gearing up to unload its stake in Nigeria-focused SPDC.
EACOP holding company seen “up and running” by end of September
Participants in the East Africa Crude Oil Pipeline (EACOP) project are reportedly on track to establish the holding company that will build and operate the link before the end of next month.
Sound Energy, Afriquia Gaz sign agreement on supplies from micro-LNG plant
UK-based Sound Energy said last week that it had signed a long-term supply agreement with Afriquia Gaz (Morocco) for fuel from the micro-LNG plant that will be built at the Tendrara licence area in eastern Morocco.
NNPC head sees AKK pipeline boosting Nigerian economy
Mele Kyari, the group managing director of Nigerian National Petroleum Corp. (NNPC), has said he expects the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline to give a boost to Nigeria’s economy.
Eni loses appeal of Ghanaian court ruling on setting aside 30% of Sankofa earnings
Italy’s Eni has lost its appeal of a previous court decision ordering its local subsidiary, Eni Ghana Exploration, to turn over some of the money it was earning from the sale of oil from the offshore Sankofa field.
Nigerien oil minister says NBEP project is moving forward
Niger's Oil Minister Sani Mahamadou said late last month that his country was making progress in its campaign to establish a new export route linking oilfields in the Agadem basin to the coast of Benin.
Eni gearing up to connect Cuica oilfield to production hub
Italy’s Eni is set to connect Cuica, a newly discovered field within the Cabaça development area of Block 15/06 offshore Angola, to production infrastructure in the near future.
AfrOil: Eni loses appeal against Ghanaian court ruling
Italy’s Eni has lost its appeal against a previous court decision ordering its local subsidiary, Eni Ghana Exploration, to turn over some of the money it was earning from the sale of oil from the offshore Sankofa field.
Azikel awards O&M contract for new refinery
Revenue sharing remains contentious issue in Nigeria following passage of PIB
Despite its recent passage by both chambers of the National Assembly, Nigeria’s Petroleum Industry Bill continues to spark controversy, especially with respect to the issue of revenue-sharing with host communities.
NNPC reports on payment of overdue pre-2016 cash calls
Nigerian National Petroleum Corp. recently disclosed that it had paid off more than two thirds of the cash call arrears owed to foreign partners.
Sirius Petroleum, Baker Hughes sign MoU on drilling work at Abura oilfield
Sirius Petroleum (UK) has signed a memorandum of understanding with Baker Hughes (US) on services related to a nine-well drilling programme at OML 65, an onshore block in the western Niger River Delta in Nigeria.
Eni, Kenyan Ministry of Petroleum and Mining sign MoU on biofuel processing capacity
Italy’s Eni is moving forward with plans for the development of biofuel processing capacity in Kenya.
Perenco, SNH, Golar LNG strike a deal on increasing gas deliveries to FLNG
Perenco and Société Nationale des Hydrocarbures (SNH), the national oil company (NOC) of Cameroon, will increase the total volume of natural gas delivered to the Hilli Episeyo FLNG owned by Bermuda-registered Golar LNG.
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