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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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Egypt's Idku LNG plant prepares to load first cargo since July
Nigeria’s PIB envisions changes in domestic gas sector
Nigeria's Petroleum Industry Bill (PIB), which is still under discussion in the National Assembly, aims to make domestic gas sales a more lucrative proposition.
SPA appoints new directors to ensure regional representation
The Somali Petroleum Authority (SPA), a new agency established by the federal government to oversee the hydrocarbon industry, is working to ensure that all regions of the country are represented within its governing structures.
Pirates seize LNG tanker from Punta Europe LNG terminal
An LNG tanker has been seized by pirates off the coast of Equatorial Guinea, according to Dryad Global, a UK-based maritime security firm.
Libyan oil output hits 500,000 bpd mark
Libyan crude oil output has continued to rise over the last week, reaching 500,000 bpd.
NOCK facing major financial woes
The National Oil Corporation of Kenya (NOCK) is struggling to remain afloat amidst serious financial troubles, according to local press reports.
Gabon sees oil production sinking slightly in next fiscal year
Gabon’s government is reviewing a budget bill that anticipates a decline in domestic crude oil production.
World Bank, partner states to help fund Sudan’s fuel price reforms
The World Bank has offered Sudan’s transitional government a grant of $200mn to support efforts to reform the economy, including the energy sector.
Bank of Mozambique publishes plan for establishing gas fund
Mozambique’s central bank has publicised its plan to set up a new sovereign wealth fund for future earnings from natural gas and LNG projects.
NNPC pledges to ensure oil supplies to Ibigwe modular refinery
Nigerian National Petroleum Corp. (NNPC) has pledged to ensure reliable deliveries of crude oil to the new modular refinery that Waltersmith Petroman Oil is building at the Ibigwe oilfield in Imo State.
NRG: Challenges ahead
Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.
$95bn of MENA petchem investments at risk
DNG to start South African LNG bunkering next year
Libya’s precarious position
Libya's oil infrastructure is coming back on stream, but it may face another blockade soon.
NNPC to cede frontier exploration work to new upstream agency
Nigeria's proposed oil law calls for a new upstream agency to monitor exploration work in frontier basins.
ExxonMobil, Sonangol sign exploration contracts for three offshore blocks
Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) has signed new exploration contracts with ExxonMobil for three new deepwater licence areas in the Namibe Basin.
Tullow brings Jubilee field’s total production up to 300mn barrels
Tullow Oil (UK/Ireland) reported last week that one of its subsidiaries, Tullow Ghana Ltd (TGL), had marked a production milestone at Jubilee, its largest Ghanaian asset.
South Sudan attributes output decline to challenges facing DPOC
South Sudan’s largest oil producer, Dar Petroleum Operating Co. (DPOC), has recently seen production levels sink from 130,000 barrels per day to 115,000 bpd, according to Awow Daniel Chuang, the country’s Petroleum Minister.
Tanzania gives green light to Aminex’s farm-out deal for Ruvuma
UK-based Aminex has secured the Tanzanian government’s approval for its farm-out deal with ARA Petroleum of Oman.
Ghana’s Cenpower signs gas supply deal with government
Ghana National Petroleum Corp. (GNPC) has agreed to supply natural gas to Cenpower Generation Co. (CGC), the operator of the Kpone Independent Power Plant (KIPP) near Accra.
NRG: Countervailing forces
Oil prices and energy demand are under pressure on both sides from storms, COVID-19 outbreaks and climate concerns.
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