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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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Uganda aims to wrap up second licensing round by end-2020
Uganda’s government hopes to sign contracts for the five blocks included in its second licensing round by the end of 2020, according to Energy Minister Irene Muloni.
Gunvor, Swiss prosecutors strike settlement deal on African corruption case
Gunvor, one of the world’s largest crude oil trading companies, has settled a criminal case in Switzerland regarding its activities in Cote d’Ivoire and the Republic of Congo.
Sudan, Ethiopia agree to build joint oil pipeline
The governments of Sudan and Ethiopia are reportedly planning to work together to build a crude oil pipeline capable of serving both countries.
Sylva: Nigeria does not expect full recovery of $62bn claims against investors
Nigeria does not expect to recover all of the $62bn in claims it has lodged against oil companies.
Angola hopes reforms will help boost oil production, attract investment
Jose Massano, the governor of Angola’s Central Bank, hopes the government’s plans for economic reform will facilitate efforts to privatise key state-owned enterprises, including a stake in the national oil company (NOC), Sonangol.
Nigeria heads for a fight (and probably a settlement) with IOCs
Nigeria's push to collect $62bn from oil companies in purportedly lost revenues is likely to lead to a negotiated settlement.
Tanzania launches three-well exploration drilling campaign
Tanzania Petroleum Development Corp. (TPDC) said last week that it had begun work on a three-well exploration drilling programme in the Eyasi Wembere Basin.
ANPG representative comments on Angola’s new lease management policy
Belarmino Chittargueleca, the head of the exploration and production department of ANPG, said last week that Angola’s decision to alter the way it manages the use and ownership of its hydrocarbons reserves was already starting to pay off.
South Sudan unveils medium and long-term oil production goals
A representative of South Sudan’s Petroleum Ministry reported last week that his country had set medium and long-term goals for oil production.
Nigerian minister may have spilled the beans about OPEC quota increase
OPEC appears to have granted Nigeria a higher production quota without announcing its decision, and Nigeria’s Minister of State for Petroleum Resources Timipre Sylva may have been the first to make the information public.
Senegal postpones bidding round until November 4
Senegal’s government was due to launch a new licensing round last week, but it has postponed bidding by nearly a month.
Mozambique takes a big step towards becoming a major player on global gas markets
With MRV’s initial investment decision and EPC contract award, Mozambique has taken a step towards becoming a major player on global gas markets.
Libya’s NOC demands – and receives – crucial state funding
The head of Libya’s National Oil Corp. (NOC) said recently that the company needed more money to head off a steep decline in production.
Chinese companies reportedly keen to expand operations in South Sudan
China is reportedly interested in expanding investments in South Sudan’s oil sector.
Engen reportedly headed for IPO in H1-2020
Engen, a petroleum refiner and retailer that operates in seven African countries, is reportedly gearing up for an initial public offering (IPO) of stock.
Nigerian minister comments on compliance with OPEC quotas
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva said last week that his country was determined to meet its obligations as a member of OPEC by complying with the group’s oil production quotas.
Buhari comments on Nigerian government’s plans for new oil law, security measures
Muhammudu Buhari, the president of Nigeria, said last week that his administration hoped to ratify a new version of the law governing the oil industry in the near future.
NNPC chief comments on Nigerian compliance with OPEC production policy
NNPC's chief says Nigeria is not fully compliant with OPEC production policy but plans to make cuts.
Nilepet comments on 2020 licensing round, future plans
South Sudan has reiterated its commitment to launching its next licensing round in the near future.
Libyan oil sector facing multiple challenges
Libya’s National Oil Company (NOC) has had to deal with a series of challenges in recent weeks.
Mozambique will seek $880mn in capital gains tax from Anadarko
Mozambique’s President Filipe Nyusi hopes that US-based Occidental Petroleum’s takeover of Anadarko Petroleum, another US company, will generate extra tax revenue for his government.
Ugandan official says collapse of Tullow’s farm-out deal does not derail oil industry
A Ugandan official said last week that the country’s nascent oil industry was not doomed because of the collapse of Tullow Oil’s $900mn farm-out deal with France’s Total and China National Offshore Oil Corp. (CNOOC) for the Lake Albert project.
Total comments on Nigeria LNG’s Train 7 project
France’s Total has reiterated its commitment to the expansion of the Nigeria LNG complex.
Senegal looking more attractive after latest offshore discovery
Senegal's upcoming offshore bidding round is likely to draw more interest in the wake of BP's discovery of sizeable gas reserves at the Yakaar-Terenga field.
NNPC says rehab programme will allow refineries to operate at full capacity
NNPC has announced plans to overhaul and repair all of its oil refineries in less than three years.
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