AfrOil - Africa Oil & Gas

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Oil & Gas

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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.

 AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Kosmos Energy describes pandemic’s impact on African projects

12 May 2020

US-based Kosmos Energy has reported that the coronavirus outbreak had a limited effect on its operational performance in Africa during the first quarter of 2020.

Two Rosgeologiya subsidiaries to carry out exploration contract in Equatorial Guinea

12 May 2020

Two state-controlled Russian companies have agreed to conduct an onshore exploration project in Equatorial Guinea.

Angolan aircraft operator signs three-year contract with ExxonMobil

12 May 2020

ExxonMobil has awarded a three-year contract to Bestfly, an Angolan aircraft operator.

PetroNor, Senegalese government suspend dispute over two offshore blocks

12 May 2020

Oslo-listed PetroNor and the government of Senegal have agreed to suspend arbitration of a dispute concerning two offshore blocks, Senegal Offshore Sud Profond (SOSP) and Rufisque Offshore Profond (ROP).

Nigeria not overcoming weak oil demand with price cuts

11 May 2020

Nigeria is reportedly still struggling to reduce its backlog of unsold crude oil cargoes, and it may continue to do so despite its latest round of price cuts.

Tanzania says work on EACOP could begin next April

11 May 2020

Construction work on the East Africa Crude Oil Pipeline (EACOP) may begin in April of next year, according to Tanzanian Energy Minister Medard Kalemani.

Ghana instructs Eni, Springfield E&P to unitise Sankofa and Afina fields

11 May 2020

Ghana’s government has instructed Italy’s Eni and Springfield E&P, a local company, to team up to develop two adjacent offshore licence areas.

Local content still a matter of concern, despite crude market meltdown

6 May 2020

Equatorial Guinea and Uganda are both trying to prepare local contractors for the next oil boom.

Zimbabwe, Invictus hope to sign PSA on Cabora Bassa project soon

5 May 2020

Zimbabwe’s government has said it expects to conclude negotiations with Australia’s Invictus Energy on a production-sharing agreement (PSA) for the Cabora Bassa project in the near future.

W-Industries wins subsea support services contract for Mozambique LNG project

5 May 2020

France’s Total has chosen Texas-based W-Industries as its contractor for subsea support services related to the non-downstream components of the $20bn Mozambique LNG project.

Nigeria’s Seplat Petroleum reports oil output up, revenues down in Q1-2020

5 May 2020

Seplat Petroleum says its production rose while revenues declined in Q1-2020.

Nigeria not likely to change benchmark oil price for 2020 budget

5 May 2020

Nigeria’s government is reportedly satisfied with a benchmark oil price of $30 per barrel for its 2020 budget, even though world crude markets remain weak.

FAR looking to sell its minority stake in Sangomar

4 May 2020

Australia’s FAR Ltd said last week that it had decided to sell all or part of its minority stake in RSSD, the joint venture set up to develop the Sangomar block offshore Senegal, owing to difficulty in securing financing.

Rwandan fuel importers seek tax break for excess supplies

4 May 2020

The Rwanda Association of Petroleum Products Importers (RWAPI) is reportedly pressing the government to help its members transfer excess fuel supplies to privately owned storage depots.

Sonangol strikes deal on use of Pumangol fuel storage facility

29 April 2020

Angola’s national oil company (NOC) Sonangol is working with Pumangol, its joint venture with the Singapore-based commodities trader Trafigura, to establish a national petroleum product reserve.

Low oil prices pose steep risks for Algeria

29 April 2020

Low oil prices may trigger another wave of protests in Algeria once the coronavirus lockdown is lifted.

Republic of Congo set to export oil in excess of OPEC+ quotas

29 April 2020

The Republic of Congo looks set to export more oil than expected in May and June.

NNPC releases updated OSP list, continues mooting plans for production cuts

28 April 2020

NNPC has published an updated list of its official selling prices (OSPs) for crude oil, following a delay.

Botswana keen to ensure fuel and energy supplies during lockdown

28 April 2020

Botswana’s government has pledged to ensure adequate supplies of fuel and energy to the population during the lockdown imposed to combat the coronavirus pandemic.

Equatorial Guinea, Marathon choose Vfuels for modular refinery study

27 April 2020

The government of Equatorial Guinea and Marathon Oil (US) have chosen a contractor for a study of plans to construct a modular oil refinery.

Tullow agrees to sell Ugandan assets to Total for $575mn

27 April 2020

Tullow Oil (UK/Ireland) revealed last week that it had arranged to sell its assets in Uganda to Total (France).

Ghanaian expert says low prices could lead to cuts in oil production

27 April 2020

Ghana’s Institute of Energy Security (IES) has warned that sinking oil prices may force the company to reduce crude output.

Edited by

Jennifer deLay

Editor

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