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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.
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Cameroon extends GDC’s exploration licence for Matanda block
Gaz du Cameroun (GDC), a Cameroon-based subsidiary of UK-headquartered Victoria Oil & Gas (VOG), has secured an extension of its exploration licence for the onshore Matanda block.
NRG: Forward momentum
Welcome to the latest edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.
PetroNor takes control of two blocks offshore Guinea-Bissau
Norway’s PetroNor has acquired majority stakes in the Sinapa and Esperança blocks offshore Guinea-Bissau through its purchase of SPE Guinea Bissau, a subsidiary of Sweden’s SPE (Svenska Petroleum Exploration).
NNPC urged to cut production costs
The head of National Petroleum Investment Management Services (NAPIMS), a corporate service unit of Nigerian National Petroleum Corp. (NNPC), has called on his company to reduce its production costs to no more than $10 per barrel.
Total may expand Libyan operations
France’s Total has reportedly expressed interest in expanding its investments in Libya.
Scirocco reports on Ruvuma exploration programme
The joint venture that is developing the Ruvuma block in Tanzania is preparing to move ahead with exploration work, according to UK-based Scirocco Energy.
Nigerian legislator hints at slightly longer timeline for PIB
The speaker of the House of Representatives, the lower house of Nigeria’s National Assembly, has hinted that the timeline for securing passage of the country’s new oil and gas law may extend beyond the first quarter of 2021.
Nigeria looks to import fuels from Niger
Impact Oil & Gas, Africa Energy consolidate holdings in Block 11B/12B
UK-based Impact Oil & Gas and Africa Energy Corp. of Canada have merged their holdings in Block 11B/12B offshore South Africa.
Tullow reportedly submits revised work programme to Kenyan government
Tullow Oil (UK/Ireland) has reportedly met the Kenyan government’s demands with respect to drawing up a new work programme for Blocks 10BB and 13T in the South Lokichar basin.
Ghana orders unitisation of Sankofa and Afina fields
The government of Ghana has reportedly ordered Eni of Italy to unitise the offshore Sankofa field with Afina, a licence area assigned to a private Ghanaian company, Springfield Exploration and Production.
Sudan hopes to offer 27 blocks to investors
Sudan’s Ministry of Energy and Mining has announced plans to offer more than two dozen new blocks to investors in the near future.
Perenco seeks to become majority shareholder in CI-11
Perenco (UK/France) is reportedly looking to assume control of CI-11, a shallow-water block offshore Côte d'Ivoire.
FAR arranges to sell Sangomar holdings to OVL
Australia’s FAR Ltd has agreed to sell its minority stake in RSSD, the joint venture set up to develop the Sangomar block offshore Senegal, to India’s ONGC Videsh Ltd (OVL).
NLNG set to increase domestic LPG supplies by 28.6% in 2021
The Nigeria LNG (NLNG) consortium is gearing up to increase the volume of LPG reserved for domestic consumption by more than a quarter next year.
Nigeria shifts target date for passage of PIB back by three months
Nigerian President Muhammadu Buhari has been pushing the National Assembly to pass the long-delayed Petroleum Industry Bill (PIB) before year-end, but his administration has now pushed the target date back by three months.
NRG: Fading optimism
BP, Kosmos scale back GTA expansion
NOC chief says Libya is not rejoining OPEC quota regime yet
Mustafa Sanalla, the head of Libya’s National Oil Corp. (NOC), has reportedly indicated that his country does not intend to rejoin OPEC’s production quota regime in the immediate future.
Tullow finalises sales of Ugandan portfolio to Total
Tullow Oil (UK/Ireland) has confirmed that it finalised the sale of all of its assets in Uganda to Total (France).
Mozambique’s LNG plans: Is the outlook optimistic or pessimistic?
Although Eni’s CEO has remained enthusiastic about multi-billion-dollar LNG projects, Mozambique's economic and security challenges warrant attention.
Cameroon unveils plan for new refinery near Kribi
The government of Cameroon intends to build a new refinery to compensate for the loss of the country’s only oil-processing plant, which has been out of service for more than a year.
Impact Oil & Gas signs farm-out deal with Shell for Transkei & Algoa
A subsidiary of Africa-focused Impact Oil & Gas has arranged to transfer part of its holdings in the offshore Transkei & Algoa licence area to BG International, an affiliate of Royal Dutch Shell (UK/Netherlands).
Eni: Topsides of FLNG vessel for Coral South project completed
Italy’s Eni said last week that the topsides of the floating LNG (FLNG) vessel that will be used for the Coral South LNG project in Mozambique had been completed.
Sources say Total may drop stake in Angola’s Block 14
France’s Total is reportedly looking into unloading at least one of its Angolan assets.
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