AfrOil - Africa Oil & Gas

AfrOil: Nigeria passes PIB at long last

Both houses of Nigeria’s National Assembly voted on July 1 to pass the Petroleum Industry Bill (PIB), which will serve as the country’s new oil and gas law.

Libya’s NOC generates $1.39bn in revenues from hydrocarbon production in May

Petronas rethinks African investment strategy

Malaysia’s state-owned Petronas is not only rethinking its participation in South Sudan’s first oil licensing round but is also reportedly looking to exit South Africa’s fuel retail sector.

Exports of Algeria’s Sonatrach jump by 45% y/y to $12.6bn in first five months of 2021

NNPC MD explains Dangote investment plans

Sonangol hires Vitol and TOTSA for fuel imports

Nigeria’s gas plans

Nigeria's government has proclaimed a “Decade of Gas” but may have difficulty realising its ambitions.

Edo modular refinery ready for action

Workers at Doba block strike as ExxonMobil plans stake sale to Savannah

Workers at the Doba block in Chad have staged a strike in response to the news that ExxonMobil (US) intends to sell its stake in the site to UK-based Savannah Energy.

GOIL seeks partner for DW/CTP project

Ghana’s state-controlled oil marketing concern has started looking for a new partner in the Deepwater Cape Three Points (DW/CTP) project.

Brazzaville to unveil Gas Master Plan at AEW 2021 in November

The Republic of Congo’s Ministry of Hydrocarbons is set to unveil its new Gas Master Plan (GMP) in November, during the Africa Energy Week (AEW) 2021 conference.

Mozambique, South Africa pre-empt Sasol’s planned sale of ROMPCO stake

The governments of Mozambique and South Africa have decided to pre-empt the planned sale of a minority stake in the Republic of Mozambique Pipeline Company (ROMPCO) by Sasol (South Africa).

MPs say National Assembly will pass PIB by mid-July

Members of Nigeria’s National Assembly are reportedly working to wrap up discussions on the proposed oil and gas law, known as the Petroleum Industry Bill (PIB), by mid-July.

Ghanaian court rules against Eni in court battle over Sankofa/Afina unitisation

Springfield Exploration and Production, a privately owned Ghanaian company, has scored a victory in its legal battle with Italy’s Eni over the unitisation of two offshore licence areas, Sankofa and Afina.

DFFE rejects Karpowership’s applications for LNG-to-power projects

South Africa’s Department of Forestry, Fisheries and the Environment (DFFE) has decided against giving Karpowership (Turkey) permission to go ahead with three LNG-to-power projects.

ExxonMobil confirms Mauritania exit

ExxonMobil (US) is planning to exit Mauritania, where it has exploration licences for three offshore blocks known as C-14, C-17 and C-22.

AfrOil: Developments in Ghana’s offshore zone

Ghana’s offshore zone is in the spotlight this week, with Eni (Italy) losing a court case to a local company and state-owned Ghana Oil (GOIL) seeking a new partner to replace ExxonMobil (US) in the DW/CTP project.

Regional talks expected to expand collaboration

Egypt’s GASCO gets $200mn syndicated loan from a consortium of eight banks

Higher crude oil prices bring no joy to Nigeria

Uganda nears completion of Hoima refinery FEED

Algeria’s domestic fuel consumption contracts by 12.7% y/y to 12.58mn tonnes in 2020

Sonangol seeks advisor for Lobito refinery company

NLNG launches work on Train 7

Nigeria LNG (NLNG) has formally begun work on the Train 7 project, which is slated to expand the consortium’s total production capacity to 30mn tonnes per year.

Problem with gas turbine forces shutdown at Skikda LNG plant

Sonatrach, the national oil company (NOC) of Algeria, reported at the weekend that it had taken the Skikda LNG plant offline on June 11.