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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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NNPC seeks to reduce production costs
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
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
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
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
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%
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
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.
Egypt unveils $19bn petchem strategy
Sasol denies plan to sell fuel retail network
Good news for Nigeria?
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
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
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
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
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
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
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
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.
Morocco to use closed oil refinery for storage
Nigeria struggling to track gas flaring
Despite the introduction of the GFT system, Nigeria still faces questions about gas flaring data.
Uganda hopes Total will reach FID stage by August
Ugandan Energy Minister Goretti Kitutu has said she hopes France’s Total will make a final investment decision (FID) on a group of oil projects worth $10bn within the next few months.
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