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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.
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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NRG: Beyond oil
US Eximbank to provide largest portion of $14.9bn Mozambique LNG loan
The US Export-Import Bank (Eximbank) is set to make the largest individual contribution to a nearly $15bn credit package that the Mozambique LNG consortium is using to fund its project.
Malaysian company, ENH suspend drilling in Buzi district
Mozambique’s national oil company ENH and its Malaysian partner Buzi Hydrocarbons PTE have suspended exploration drilling in the Buzi district of Sofala Province, citing problems related to the coronavirus.
Eni eyes $1bn sale of Jotun FPSO
Libya heading for more trouble
Libya could see oil production levels fall further in the near future, owing to the involvement of various third parties.
Chevron to buy Noble in first major post-crash deal
Chevron has agreed to buy Noble Energy for $5bn in stock in the first major deal of the current oil downturn, but whether this ushers in a new wave of consolidation remains uncertain.
Renergen launches South Africa’s first ever LNG auctions
Renergen has launched South Africa’s first ever auction of LNG by opening a bidding contest for future LNG production streams from the Victoria Gas Project.
Liberia revises terms of offshore bidding round
The Liberia Petroleum Regulatory Authority (LPRA) has made the terms of this year’s offshore licensing round more flexible.
NRG: A global mixed bag
The global pandemic is beginning to sort the weak from the strong, with some oil and gas projects receiving continued support despite the downturn while others are being labelled “wait and see”
Sluggish oil prices led Uganda’s ERA to keep power tariffs steady in Q3-2020
Uganda’s Electricity Regulatory Authority (ERA) has reportedly identified sluggish crude oil markets as the main factor underlying its decision to keep electricity tariffs steady in the third quarter of 2020.
Chevron confirms plan to buy Sasol’s indirect stake in Escravos GTL plant
The US major Chevron has confirmed that one of its subsidiaries is slated to acquire additional equity in the Escravos gas-to-liquid (EGTL) plant from South Africa’s Sasol.
Kenya hikes fuel prices
Kenya’s Energy and Petroleum Regulatory Authority (EPRA) hiked prices for petroleum products last week, citing a rise in the cost of imported gasoline as justification for its decision.
Total reveals details of Mozambique LNG financing deal
France’s Total has divulged some details of a recently signed financing agreement that will cover around three quarters of the projected costs of the Mozambique LNG project.
NLNG responds to MP’s charges of corruption
The Nigeria LNG (NLNG) consortium has denied allegations of unauthorised withdrawals from an account used to cover dividend payments to its largest shareholder, Nigerian National Petroleum Corp. (NNPC).
Sylva says Nigeria is working to ensure 100% compliance with OPEC+ agreement
Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, said last week that his country intended to meet all of its commitments to OPEC+, the alliance formed by OPEC, Russia and other non-member states.
Knock-on effects
Problems in South Africa’s refining sector have led to fuel shortages in neighbouring Botswana.
McDermott to provide engineering and procurement services for Azikel modular refinery
McDermott International (US) has agreed to provide further assistance to Azikel Petroleum, a subsidiary of Nigeria’s Azikel Group, on the construction of a new modular refinery in Bayelsa State.
NRG: Deep and wide – coverage round the world
Libya’s oil sector suffers setback as LNA renews blockade
Libya’s National Oil Corp. (NOC) has had to backtrack on plans for resuming commercial oil production, owing to the renewal of a blockade by troops aligned with Khalifa Haftar’s Libyan National Army (LNA).
Golar LNG’s FLNG vessel loads 40th cargo offshore Cameroon
Bermuda-based Golar LNG has reported that the Hilli Episeyo, the first vessel in the world to be converted to a floating LNG (FLNG) unit, has reached the milestone of lifting its 40th cargo offshore Cameroon.
NNPC: Nigerian gas production up 3.73% in April
Nigeria saw natural gas production levels rise slightly in April, according to the monthly financial and operations report published by Nigerian National Petroleum Corp. (NNPC) last week.
Unaoil managers convicted for Iraq graft
Ghanaian official comments on impact of disruption in oil sector
Egbert Faibille Jr., the director-general of the Ghana Petroleum Commission (GPC), said last week that his country was set to experience problems on several fronts this year as a result of disruption in the oil sector.
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