AfrOil - Africa Oil & Gas

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Oil & Gas

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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.

 AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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NNPC seeks to reduce production costs

3 June 2020

Mele Kyari, the group managing director of Nigerian National Petroleum Corp. (NNPC), has identified reduced production costs as one of his company’s priorities.

Nigeria launches marginal field bidding round after 10-year delay

2 June 2020

Nigeria’s Department of Petroleum Resources (DPR) revealed on June 1 that it had launched a new round of bidding for marginal fields.

Golar LNG reveals outlook for projects in Africa, South America

2 June 2020

Bermuda-registered Golar LNG has issued an update on its activities related to projects in Africa and South America.

NRG: Some forward momentum, but overall restraint

2 June 2020

Despite the relative stability of crude prices in recent days, more news of activity cutbacks, earnings losses and demand weakness continues to come in, and all eyes are turning to the forthcoming OPEC+ meeting.

Tullow, Total move closer to closing Uganda deal

1 June 2020

Tullow Oil (UK/Ireland) has cleared another hurdle towards the sale of its stake in several Ugandan projects to Total (France), owing to CNOOC's decision not to enlarge its own stake.

Sonatrach raises stake in Medgaz pipeline to 51%

1 June 2020

Algeria’s national oil company (NOC) Sonatrach has become the majority shareholder in Medgaz, the operator of a natural gas pipeline across the bed of the Mediterranean Sea, through its acquisition of a stake in the link from CEPSA (Spain).

Malta seizes $1.1bn worth of “counterfeit” Libyan dinars printed by Russian state-owned company

1 June 2020

The US State Department has announced that Malta seized $1.1bn worth of “counterfeit” Libyan dinars that were travelling by ship to the Libyan parallel government and were printed by the Russian state-owned company Goznak.

Good news for Nigeria?

27 May 2020

Nigeria has released some encouraging economic data from the first quarter, but it should not start celebrating just yet.

Mozambique LNG group secures more than $14bn worth of loans

26 May 2020

France’s Total and its partners in the Mozambique LNG project are reportedly gearing up to sign a credit deal worth more than $14bn with a group of banks.

NRG: Signs of cautious optimism

26 May 2020

Producers and investors remain cautious, as the coronavirus pandemic continues to affect energy demand, but are starting to plan for the post-crisis period.

Majors reportedly halt all drilling in Angola

26 May 2020

Oil and gas drilling has reportedly come to a virtual stop in Angola, as crude prices remain low and the coronavirus pandemic continues to hammer global energy demand.

Officials in Tripoli criticise ongoing blockade of Libyan oil infrastructure

25 May 2020

Two high-ranking officials in Libya’s Government of National Accord (GNA) have criticised the Libyan National Army (LNA) for its ongoing blockade of the country’s oil infrastructure.

Nigerian Navy reports on destruction of illegal refineries

25 May 2020

The Nigerian Navy revealed last week that it had destroyed no less than 2,287 illegal oil refineries within the last five years.

Tazama pipeline operator seeks $400mn for expansion project

25 May 2020

Tazama Pipelines, the operator of the Tanzania Zambia Mafuta (Tazama) crude oil pipeline, is seeking financing for an expansion project.

EWURA seeks to promote local content in Tanzanian projects

25 May 2020

Tanzania’s Energy and Water Utilities Regulatory Authority (EWURA) has indicated that it wants to see more local companies involved in the development of the country’s oil and gas resources.

Nigeria struggling to track gas flaring

20 May 2020

Despite the introduction of the GFT system, Nigeria still faces questions about gas flaring data.

Edited by

Jennifer deLay

Editor

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