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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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Angolan oil production sinks in June
Angola’s National Oil, Gas and Biofuels Agency (ANPG) reported last week that the country’s oil production levels had dropped to a 17-year low in June.
Abuja reportedly seeking $1bn in new funding for AKK pipeline
Nigeria’s federal government is looking for a new source of funding so that Nigerian National Petroleum Corp. (NNPC) can continue work on the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline project.
Cartel compromise: OPEC+ members reach agreement
PIB already drawing criticism
Following the passage of a new law governing the oil and gas sector, Nigeria’s government is beset by critics.
Angola receives offers from 16 companies in onshore bidding round
Angola’s National Oil, Gas and Biofuels Agency (ANPG) has wrapped up the bidding phase of this year’s onshore licensing round, which covers nine onshore blocks in the Lower Congo and Kwanza basins.
ANPG signs PSCs for Blocks 27 and 28 in Namibe basin
Sonangol said last week that it had signed production-sharing contracts (PSCs) for two offshore blocks in the Namibe basin with the National Oil, Gas and Biofuels Agency (ANPG).
Woodside completes acquisition of FAR’s stake in Sangomar block
Australia’s Woodside Energy has wrapped up the acquisition of a minority stake in RSSD, the joint venture set up to explore and develop the Sangomar block offshore Senegal, from FAR Ltd, another Australian company.
Eni finds oil at Eban field offshore Ghana
Italy’s Eni reported last week that it had discovered a significant volume of crude oil at Eban, a prospect within the licence area known as Cape Three Points (CTP) Block 4 offshore Ghana.
Eni discusses green, blue hydrogen production in North Africa
Representatives of Italy’s Eni met with Egyptian and Algerian officials last week to discuss the prospects for green and blue hydrogen production.
EACOP, TPDC, Tanzanian government sign agreement on compensation for landowners
The EACOP consortium has signed its first tri-partite land compensation agreement with residents of areas along the pipeline’s designated path.
TotalEnergies Nigeria urges Abuja to invest in gas transport options
A representative of France’s TotalEnergies has urged Nigeria’s government to explore multiple options for the transportation of natural gas.
Bentiu refinery ramps up to capacity
AfrOil: Eni eyes green, blue hydrogen production in North Africa
Representatives of Italy’s Eni met with Egyptian and Algerian officials last week to discuss the prospects for green and blue hydrogen production.
Sasol, IDC team up to develop South Africa’s green hydrogen potential
Sasol is teaming up with Industrial Development Corp. of South Africa, a government-run development finance agency, to encourage investment in green hydrogen production capacity.
Deputy minister confirms 2023 start date for Tanzania LNG project
Tanzania’s Deputy Energy Minister Stephen Byabato has confirmed that work on the Tanzania LNG project is still slated to begin in 2023.
Rwandan MPs authorise funding for 2-D survey of Lake Kivu
Rwanda’s Chamber of Deputies has agreed to make funding available for an oil and gas exploration project that is running behind schedule.
Edo to utilise Escravos supply line
Petronas may not participate in South Sudan’s first bidding round
Petronas (Malaysia) has indicated that it may not submit any bids in South Sudan’s first oil licensing round, which was launched last month.
Slight delay for first gas from GTA
BP (UK) has pushed the target date for starting production at Grand Tortue/Ahmeyim, an offshore natural gas-bearing block that straddles the maritime border between Mauritania and Senegal, back to the third quarter of 2023.
At long last, Nigeria passes PIB
Africa’s largest oil producer is on track to adopt a new petroleum law that has been in the works for more than a decade, but it will take time to assess the impact of this development.
Overdue payments may be driving Sonangol’s decision to sell some offshore assets
Angola’s national oil company (NOC) Sonangol has reportedly fallen far behind on its financial obligations to its foreign partners.
Qatar Petroleum takes 25% stakes in three blocks offshore South Africa
Qatar Petroleum has arranged to expand its co-operation with TotalEnergies (France) in South Africa’s offshore zone by participating in the exploration of three additional blocks.
Oil output declining in South Sudan
South Sudan’s government has expressed concern about a decline in oil output levels.
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