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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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AfrOil: Total declares force majeure on Mozambique LNG
France’s Total has issued a declaration of force majeure on the Mozambique LNG project, citing unfavourable security conditions in Cabo Delgado, Mozambique’s northmost province.
FAR says Remus is unlikely to proceed with takeover offer
Australia’s FAR Ltd does not expect Remus Horizons, a private investment fund, to move forward with a takeover proposal that would give it a minority stake in Sangomar, an oil-bearing block located offshore Senegal.
Wintershall Dea and operator BP produce gas from Raven in Egypt’s offshore West Nile Delta
Carlyle may get compensation for SAMIR losses
Shell, Equinor call on Tanzania to make “critical decisions” about LNG project
Representatives of Royal Dutch Shell (UK/Netherlands) and Equinor (Norway) have urged Tanzania’s government to wrap up talks on an ambitious LNG project as quickly as possible.
President’s death may strain Chad’s oil sector
Chad’s oil sector may be headed for a rough patch, following the unexpected death of Idriss Déby, the country’s president.
Sonatrach spars with Sunny Hill
Algeria’s national oil company has taken control of Petroceltic's minority stake in the Ain Tsila gas field, citing concerns about the repeated postponement of production.
Tanzanian negotiators submit report on EACOP land acquisition
Tanzania’s Minister of Energy and Minerals Medard Kalemani said earlier this week that government negotiators had submitted their report on the process of land acquisition for the East Africa Crude Oil Pipeline (EACOP) project.
Algeria’s natural gas exports increase y/y in Q1 2021
South Sudan calls tender for environmental audit of oil industry
South Sudan’s Ministry of Petroleum has launched a tender for an environmental audit of the country’s hydrocarbon sector.
ReconAfrica says drilling data confirms the presence of a working petroleum system in Kavango Basin
Reconnaissance Energy Africa (ReconAfrica) and Namibia's Ministry of Mines and Energy say preliminary analysis of data from the 6-2 well points to the presence of a working conventional petroleum system in the Kavango basin.
FAR receives another takeover offer from Remus Horizons
Remus Horizons, a private investment fund, has submitted a new takeover offer for Australia’s FAR Ltd, a minority shareholder in the Sangomar block offshore Senegal.
Nigeria reportedly revises PIB to cut tax, royalty rates
Nigeria’s government has reportedly agreed to revise provisions of the Petroleum Industry Bill (PIB), the oil and gas law now under discussion in the National Assembly.
New Tema refinery to be denied permit
AfrOil: Nigeria adds tax, royalty cuts to PIB
Nigeria’s government has reportedly agreed to revise provisions of the Petroleum Industry Bill (PIB), the oil and gas law now under discussion in the National Assembly.
Naftogaz Group increased Egyptian oil production by 20%
United Oil and Gas gross proven and probable reserves in Abu Sennan increase by 24% y/y to 16.8mn boe
ADNOC’s listing bent turns to Fertiglobe
EACOP ready to launch
Uganda, Tanzania, Total and CNOOC are very close to clearing all the paperwork needed to start construction work on the 1,445-km EACOP pipeline.
Senegal secures funding, support for gas pipeline plan
Senegal’s sovereign wealth fund and the state natural gas concern, Senegal Gas Network (SGN), have secured financing and support for the government’s plan to establish a domestic gas pipeline network.
Senegal explores options for improving local service companies’ access to financing
Although Senegal’s government has yet to finalise and adopt a law setting local content standards for investors in oil and gas projects, it is exploring several options for improving local service providers’ access to financing.
Mauritania tasks Meen/EPCM consortium with developing gas master plan
Mauritania’s Ministry of Petroleum, Mines and Energy has tasked a consortium formed by a local firm and its South African partner with developing a master plan for the development of the country’s natural gas resources.
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