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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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Lekoil Nigeria Ltd. secures injunction against Lekoil Ltd., Savannah Energy subsidiary to halt deals
Lekoil Nigeria Ltd has secured an injunction against Lekoil Ltd and a subsidiary of Savannah Energy Plc preventing the two companies from making any move to transfer interests in Lekoil Nigeria assets or alter its its ownership.
AfrOil: NLNG urged to open pipelines to gas from other suppliers
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva has asked Nigeria LNG to let other producers access its pipeline networks so that more natural gas can be delivered to its LNG plant.
Italy in final stage of getting extra gas supplies from Libya, Algeria to replace Russian flows
Rich countries must cut oil and gas output 74% to ensure fair transition
Rich countries must reduce oil and gas output by 74% by 2030 and fully by 2034 in order to keep the world on track for 1.5°C and give poorer oil-reliant countries longer to replace their income from fossil fuel production.
Sylva urges NLNG shareholders to let other producers supply gas to its plant
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva has asked Nigeria LNG to let other producers access its pipeline networks so that more natural gas can be delivered to its LNG plant.
Kenya government fuel subsidy delay triggers shortages
Kenya is facing an acute shortage of petroleum products after the government delayed paying oil marketing companies (OMCs) a KES13bn ($112.9 mn) fuel subsidy.
ReconAfrica issues update on exploration and drilling work in Kavango basin
Canada’s Reconnaissance Energy Africa (ReconAfrica) has published a new outline of its plans for exploration and drilling work in the greater Kavango basin in north-eastern Namibia and north-western Botswana in 2022.
BW Offshore extends contract for Espoir Ivorien FPSO
BW Offshore (Norway) is briefly extending the term of its current contract for the Espoir Ivorien, an FPSO vessel anchored at the Espoir field offshore Côte d'Ivoire, in order to prepare for a much longer extension.
TotalEnergies Marketing Kenya's after-tax profit declines to $23.4mn
TotalEnergies Marketing Kenya Plc's after-tax profit declined to KES2.7bn ($23.4 mn) for the 12 months ended on December 31, 2021, down from KES3.2 bn in 2020.
Trading in AIM-listed Victoria Oil & Gas suspended as ICC tribunal orders Cameroon unit to pay $12.1mn
EDbyIV South African government to sell stored oil to cut fuel levies
The South African government says that it is to sell millions of barrels of strategic crude oil reserves as it tries to recoup the ZAR 6 billion tax revenue that has been sacrificed to mitigate against rising fuel prices, IOL reports.
Head of Tanzania’s EWURA says government not concerned about fuel shortages
The head of Tanzania’s Energy and Water Utilities Regulatory Authority (EWURA) has sought to downplay concerns about the possibility of disruptions in fuel supplies.
Ghana: Central Bank injects $100mn into forex market to upend cedi depreciation and facilitate fuel price recovery
It is also required of BDCs to provide evidence of contract containing volume and costs of petroleum products which would be premiums or discounts applied, as well as payment due date.
Japan's Sojitz buys part of Nigerian gas distributor Axxela
Japan’s Sojitz Corp has bought a 25% stake in Axxela, Helios Investment Partners’ Nigerian gas distribution unit.
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