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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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Liberia to commission first refinery
Seplat reports profits up, revenues down in 2019
Seplat Petroleum Development, an independent Nigerian operator, has revealed that its revenues declined while profits rose in 2019.
US considers wading into Saudi-Russia supply war
Fitch cuts oil price outlook for 2020 from 62.5/bbl to $41/bbl on global recession fears
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
Nigeria seen cutting Bonny Light, Qua Iboe prices by at least $3 per barrel
Nigeria will reportedly join Saudi Arabia in selling its oil at a significant discount to Brent, one of the world’s main benchmark crudes.
Fuel shortages reportedly continuing in many parts of Sudan
Many cities and towns in Sudan have continued to report fuel shortages, despite the government’s efforts to improve supply conditions.
Uganda tasks state-owned company with bulk fuel sales to local retailers
Uganda’s government has officially tasked a state-owned business, Uganda National Oil Co. (UNOC), with selling bulk quantities of imported petroleum products to local retailers.
Tanzanian energy minister says domestic fuel reserves are adequate
Tanzania’s Energy Minister Medard Kalemani said last week that the country’s fuel inventories were capable of covering domestic demand for at least two months.
Liberia invites local companies to pre-qualify for offshore bidding round
Liberia’s government has indicated that it wants international oil companies (IOCs) to team up with local partners in the country’s upcoming offshore licensing round.
African Energy Chamber urges tax breaks for local oilfield service providers
African oilfield service operators deserve support from the governments of African oil and gas-producing states, a Johannesburg-based industry association has argued.
South Sudan defers plans for first licensing round
South Sudan’s government has postponed the country’s first licensing round.
Work inches forward on Mozambique LNG, Coral South FLNG
New contracts awarded for services related to the Mozambique LNG and Coral South FLNG projects mark steps forward for both facilities in an increasingly uncertain market.
Nigeria under more pressure
The continued fall in oil prices is already having an impact on Nigeria's economy, and there is probably more trouble ahead.
Oil prices collapse as COVID-19 wreaks havoc
Nigeria’s Rivers State moots modular refineries as solution to crude oil theft
The government of Nigeria’s Rivers State is mooting plans for the construction of multiple new modular refineries, saying that such facilities might help deter and reduce the theft and illegal processing of crude oil.
ZERA responds to criticism of new licensing requirements
The Zimbabwe Energy Regulatory Authority (ZERA) has pledged to revise new licensing requirements for retail sellers of refined fuels, following complaints from a key player on the domestic petroleum product market.
Libyan crude production sinks below 100,000 bpd
Libyan oil production has met another grim milestone by falling below the threshold of 100,000 barrels per day
Algeria plans stimulus to help counter the effects of falling oil prices
Algerian President Abdelmajid Tebboune has ordered his government to prepare a supplementary budget to help guard the country’s economy against the steep drop in crude oil prices.
Tullow Oil optimistic about its chances in 2020, despite lower oil prices
Africa and Latin America-focused Tullow Oil has taken steps to guard against fluctuations in oil prices but still faces risks in the long term.
Head of Angolan fixed-income fund sees lower oil prices squeezing economy
The head of Angola’s largest fixed-income fund manager said last week that his country’s government would have to act quickly to counter the impact of falling oil prices.
Fuel market survey: Ghana, Nigeria, Angola, Kenya
The downturn in world oil prices is already having an impact on fuel markets in Africa. This article offers a brief look at recent developments in four African states.
Dangote Group outlines plan for offshore gas pipeline project
Nigeria’s Dangote Industries Ltd (DIL) has outlined plans for the construction of a high-capacity subsea pipeline capable of handling more than 31bn cubic metres per year of associated gas from offshore oilfields.
Uganda approves CNOOC’s ESIA study for Kingfisher
Uganda’s National Environment Management Authority (NEMA) has acknowledged CNOOC Uganda, a subsidiary of China National Offshore Oil Corp. (CNOOC), for its completion of a report on plans to develop the Kingfisher oilfield.
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