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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: Nedbank to halt funding for coal, oil and gas projects
South Africa’s Nedbank has decided to phase out funding for fossil fuel projects as part of a wider effort to reduce its net carbon emissions to zero by 2045.
Sasol subsidiary to sell 30% stake in ROMPCO to South African consortium
South Africa’s Sasol has arranged to sell part of its stake in the Republic of Mozambique Pipeline Company (ROMPCO) to a group of South African investors.
Draft law reserves 20% of upstream contracts for South Africa’s national oil company
South Africa’s cabinet has given its approval to draft legislation that calls for reserving a 20% stake in every new upstream oil and gas project for the state.
Sonangol orders two Suezmax tankers from HSHI
Angola’s national oil company (NOC) Sonangol has ordered two Suezmax-size oil tankers from Hyundai Samho Heavy Industries (HSHI).
Museveni sees oil production boosting Ugandan economic growth
Ugandan President Yoweri Museveni has said he expects the country’s economic growth to speed up once commercial oil development begins in the Lake Albert area.
Nedbank announces plan to stop funding coal, oil and gas projects
South Africa’s Nedbank revealed last week that it had decided to phase out funding for all fossil fuel projects.
UTM Offshore contracts JGC, KBR for FLNG project
Nigeria’s UTM Offshore will work with Japan’s JGC and US-based KBR on plans for installing a floating LNG unit at the Yoho offshore oilfield.
SCDP says new terminal will help reduce Cameroon’s fuel import bill
Cameroon’s national petroleum product concern SCDP expects the total cost of fuel imports to decline as a result of the completion of a new oil terminal at the port of Douala.
Kenya aims to wrap up land acquisition for the Lokichar-Lamu pipeline by year-end
Kenya’s government is gearing up to launch the process of acquiring land for the Lokichar-Lamu Crude Oil Pipeline (LLCOP) project in the near future.
VAALCO Energy hedges another portion of its 2021 production
Houston-based VAALCO Energy is hedging most of the oil it expects to produce this year in order to ensure its ability to cover the cost of work at the Etame Marin block offshore Gabon.
Nigeria considers domestic LPG subsidy
Nigeria’s government is reportedly considering a plan to subsidise domestic LPG prices.
Petrofac wins contract from BP to develop procedures for GTA project
UK-based Petrofac has won a contract from BP (UK) for services related to the Grand Tortue/Ahmeyim (GTA) project offshore Senegal and Mauritania.
Tanzania aims to build oil and gas complex in Mtwara Free Port Zone
Tanzanian authorities have unveiled plans for the construction of facilities to serve oil companies in the Mtwara Free Port Zone (MFPZ).
AfrOil: Total launches Zinia Phase 2 project
France’s Total has launched the second stage of development work at Zinia, a section of Block 17 offshore Angola.
Total launches Zinia Phase 2 project at Block 17 offshore Angola
France’s Total has launched the second stage of development work at Zinia, a section of Block 17 offshore Angola.
ReconAfrica begins drilling second exploration well in Kavango Basin
Canada’s Reconnaissance Energy Africa (ReconAfrica) has spudded its second well exploration well in the Kavango basin in north-eastern Namibia.
Apache Egypt consolidates concessions into a single production sharing agreement with government
Algeria’s MEDGAZ commissions pipeline linking Kasdir to Beni Saf export terminal to Europe
Tema LNG now expecting to receive first cargo by end-May
Tema LNG Terminal Company (TLTC), the owner of the Tema LNG terminal offshore Ghana, is reportedly on track to receive its first cargo within the next few weeks.
Minister urges Nigeria to consider developing domestic tar sands deposits
Nigeria’s Minister of Science and Technology Ogbonnaya Onu said last week that the country ought to consider taking steps to develop its own unconventional hydrocarbon reserves, especially its tar sands.
NNPC says it is unable to pay into fuel subsidy fund in May
Nigerian National Petroleum Corp. (NNPC) has said it will not be able to make any payments into the federal account used to subsidise domestic fuel prices in the month of May.
ADM Energy says it now has a controlling stake in Barracuda field
Nigeria’s ADM Energy said last week that it had succeeded in acquiring a controlling interest in Barracuda, an oilfield within the shallow-water licence area known as OML 141.
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