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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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Algerian president appoints new oil minister
Algerian President Abdelmajid Tebboune has appointed a new oil minister to his cabinet, replacing Abdelmajid Attar with his predecessor, Mohamed Arkab.
Former VP urges Nigeria to authorise full privatisation of refining sector
Atiku Abubakar, the former vice-president of Nigeria, has urged the government to adopt plans for full privatisation of the country’s oil-refining sector.
Angolan MPs give green light to exploration work in onshore basins
Members of Angola’s National Assembly have voted to lift a ban on oil and gas exploration in two environmentally sensitive onshore basins.
Angolan president authorised to offer special incentives for Cabinda refinery project
Angolan legislators have voiced strong support for the government’s plans to reduce the country’s dependence on imported petroleum products.
Chariot, Predator eager to move forward with gas projects in Morocco
Two British companies – AIM-listed Chariot Oil & Gas and Jersey-based Predator Oil & Gas – have announced plans to move forward with a natural gas scheme in Morocco.
NCDMB takes 30% transitional stake in modular refinery
Nigeria’s National Content Development Monitoring Board (NCDMB) is investing in a small-scale oil-refining project led by a local company, Waltersmith Petroman Oil Ltd.
AfrOil: Angolan MPs vote on downstream, exploration projects
Angolan MPs have voted on downstream and exploration projects.
Lukoil makes a second bid for a Sangomar stake
FAR has postponed a shareholder meeting scheduled for February 18 to consider Lukoil’s last-minute offer for 100% of its equity.
Israel to connect Leviathan to Egyptian LNG terminals
Egypt’s petroleum ministry announces a new bid round for oil and natural gas exploration
Tanzanian LNG hopes dashed after Equinor write-down
Mozambique LNG project may be back on track soon
Total’s CEO says work may resume on the Mozambique LNG project by the end of March, pointing to his company’s security agreement with the Mozambican government and insisting production will begin in 2024.
GNA orders payment of all PFG wages
Libya’s Government of National Accord (GNA) said last week that it had ordered the payment of all overdue wages to members of the Petroleum Facilities Guards (PFG).
AfrOil: Forward movement in Uganda
In East Africa, Uganda’s government is turning its attention to plans for extracting and exporting crude oil from fields near Lake Albert.
Dangote Group delays opening of refinery
Nigeria’s Dangote Group has pushed the target date for opening its new 650,000 barrel per day oil refinery back from the fourth quarter of 2021 to early 2022.
BUA Group sees Akwa Ibom refinery finished in 2024
Nigeria’s BUA Group has revealed that it expects to complete a refinery construction project in Akwa Ibom State in 2024.
Nigerian government launches production cost-cutting initiative
Nigeria’s federal government has launched a new initiative designed to bring the cost of producing crude oil down to $10 per barrel.
Somali MPs say firing of SPA head may have been politically motivated
Members of Somalia’s Parliament have expressed concern about the possibility that political disputes might disrupt efforts to attract investment for offshore oil and gas exploration projects.
Uganda launches local content and training initiative for EACOP
The Ugandan government has teamed up with the Albertine Graben Oil and Gas Districts Association (AGODA) to establish a local content and training initiative.
Kampala hopes to see FID on Lake Albert oilfields by mid-March
Kampala expects France’s Total and China National Offshore Oil Corp. (CNOOC) to make a final investment decision (FID) on the development of oilfields near Lake Albert soon.
Sub-Saharan Africa could yield extra 74mn tpy of LNG supply: ACTING
Libya’s interim leaders facing tough challenges
Libya's new presidential council and prime minister will not have an easy time maintaining the conditions needed to ensure the smooth operation of the oil sector.
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