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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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Eni brings Cuica oilfield on line
Italy’s Eni confirmed last week that it had commenced development operations at Cuica, a newly discovered field within the Cabaça development area of Block 15/06 offshore Angola.
Gambia says Block A1 is available again following BP’s withdrawal
Gambia’s Ministry of Petroleum and Energy says that Block A1, an offshore licence area in the Mauritania-Senegal-Gambia-Guinea-Bissau-Conakry (MSGBC) basin, is once again available for investment.
AfrOil: Buhari signs PIB into law
Nigerian President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB), which establishes a new legal regime for the country’s oil and gas industry, into law.
Rwanda says motor fuel price subsidies will remain in place until end-September
The government of Rwanda has decided to maintain motor fuel prices at current levels until the end of September.
Buhari signs PIB into law
Nigerian President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB), a piece of legislation that establishes a new legal regime for the country’s oil and gas industry, into law.
NNPC provides direct purchase data
New Tema exec promises better times
ANPG, Total E&P Angola sign PSC for Block 29 in Namibe basin
Angola’s National Agency for Oil, Gas and Biofuels (ANPG) has signed a production-sharing contract (PSC) with Total E&P Angola, a subsidiary of TotalEnergies (France), for Block 29 in the Namibe basin.
Trident Energy finishes first of three infill wells at Block G
Trident Energy (UK) and its partners in Block G, a licence area offshore Equatorial Guinea, have wrapped up drilling work on the first of three infill wells slated for drilling at the Okume complex.
PIB seen providing support to Nigeria’s “Decade of Gas”
Nigeria's new oil and gas law aims to address the concerns expressed by IOCs, but it also establishes incentives for delivering gas to the domestic market.
Armour Energy ready to resume 2-D seismic survey at Kanywataba
Australia’s Armour Energy has announced plans to resume a 2-D seismic survey of Kanywataba, its licence area in western Uganda near Lake Albert.
LPRA claims TGS may seek partner for exploration drilling in Harper basin
TGS (Norway), the operator of the world’s largest energy data library, is reportedly considering finding a partner for exploration drilling in the Harper basin offshore Liberia.
BP, Kosmos complete sale and lease-back transaction for GTA FPSO
BP (UK) and Kosmos Energy (US) have completed the transaction for sale and lease-back of the floating production, storage and off-loading (FPSO) unit that will be installed at the Grand Tortue/Ahmeyim block.
Tower Resources, Beluga Energy sign HoA on Thali block
Tower Resources (UK) has signed a binding Heads of Agreement (HoA) with Beluga Energy (Nigeria) on a farm-out deal involving the Thali block offshore Cameroon.
Sonatrach says Skikda LNG plant has resumed production
Sonatrach, the national oil company (NOC) of Algeria, confirmed last week that it had restarted production at the Skikda LNG plant.
NOCK under fire from government auditors
The National Oil Corporation of Kenya (NOCK) is under fire for its shaky finances, with the Office of the Auditor-General (OAG) expressing particular concern about the company’s failure to pay loans from KCB Bank Kenya.
AfrOil: NOCK under fire from government auditors
The National Oil Corporation of Kenya (NOCK) is under fire for its shaky finances, with the Office of the Auditor-General (OAG) expressing concern about the company’s failure to pay loans from KCB Bank Kenya.
Committee recommends approval of Ghanaian government’s loan plan
The Ghanaian Parliament’s Joint Committee of Finance and Mines and Energy has responded positively to the government’s request for permission to borrow more than $1bn to fund offshore oil and gas projects.
NNPC financials show refining losses
Ghana hopes to borrow $1.65bn for investment in offshore exploration and production
The government of Ghana has asked Parliament for approval to borrow up to $1.65bn for the purpose of investing in offshore oil and gas projects.
Air Products to supply MCHEs for NLNG’s Train 7 project
US-based Air Products has agreed to supply heat exchangers for the Nigeria LNG (NLNG) consortium’s Train 7 project.
Shell reportedly planning to reduce its footprint in Nigeria
Shell is reportedly gearing up to unload its stake in Nigeria-focused SPDC.
EACOP holding company seen “up and running” by end of September
Participants in the East Africa Crude Oil Pipeline (EACOP) project are reportedly on track to establish the holding company that will build and operate the link before the end of next month.
Sound Energy, Afriquia Gaz sign agreement on supplies from micro-LNG plant
UK-based Sound Energy said last week that it had signed a long-term supply agreement with Afriquia Gaz (Morocco) for fuel from the micro-LNG plant that will be built at the Tendrara licence area in eastern Morocco.
NNPC head sees AKK pipeline boosting Nigerian economy
Mele Kyari, the group managing director of Nigerian National Petroleum Corp. (NNPC), has said he expects the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline to give a boost to Nigeria’s economy.
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