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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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COPL to borrow from CEO to fund work at Nigeria’s OPL 226
The head of Canadian Overseas Petroleum Ltd (COPL) has agreed to help fund the company’s operations in Nigeria.
South Sudan seeks to turn the page
The establishment of a coalition government represents the best hope for the further development of South Sudan's oil resources.
Signs of relief in Sudan
Sudan's fuel crisis appears to have eased, following the government’s efforts to address problems.
NLNG consolidates remarketing plans via 10-year deal with Galp Trading
The Nigeria LNG (NLNG) consortium has signed a long-term supply deal with Galp Trading for remarketed volumes of fuel from Trains 1, 2 and 3 of the its liquefaction plant on Bonny Island.
Arbitration court rules against FAR in dispute over Sangomar stake
An arbitration court has issued a ruling that favours Woodside Petroleum in its dispute with FAR over the sale of a stake in the Sangomar block offshore Senegal.
NNPC, Total, Shell, Eni disburse $360mn for Ogoniland clean-up project
Nigeria’s national oil company (NOC) and three major international oil companies (IOCs) have released $360mn in funding for large-scale environmental clean-up work in Ogoniland.
Liberian fuel crisis rolls on
Tullow Oil strikes agreement with Ghana on offshore gas flaring
Ghanaian authorities have reportedly clarified the conditions under which Tullow Oil (UK/Ireland) will be permitted to flare associated gas from its offshore oilfields.
Uganda seeks Chinese credits to build new oil roads
Uganda’s government is reportedly preparing to borrow more than €100mn from China for an infrastructure project designed to facilitate the development of oilfields in the Lake Albert region.
Sound Energy moots micro-LNG project for Tendrara in Morocco
UK-listed Sound Energy has said it hopes to pursue a small-scale LNG project at the Tendrara licence area in eastern Morocco.
Wood Mackenzie: Nigeria headed for 35% drop in oil output by 2030
Wood Mackenzie says Nigeria may be headed for a 35% drop in oil output by 2030.
Somalia enacts Petroleum Law
Somalia's President Abdullahi Farmajo has ratified a law to govern the hydrocarbon sector.
NLNG comments on plan to maximise local content in Train 7 project
The Nigeria LNG (NLNG) consortium is touting its plan to maximise the use of local content in the construction of a new production train.
Sudan rations fuel in response to shortages
Sudan’s transitional government responded to burgeoning shortages of refined fuels by introducing a rationing regime on February 10.
Nigerian legislators reportedly planning to draft new oil law “from scratch”
Ahmad Ibrahim Lawan, the president of Nigeria’s Senate, said last week that legislators hoped to draw up a brand new version of the proposed oil law, which will be known as the Petroleum Industry Bill (PIB).
Mozambique mulls small-scale refining project in Inhambane
Carlos Zacarias, the chairman of Mozambique’s National Petroleum Institute (known as INP), said last week that his organisation backed plans for a small-scale refining project in the southern province of Inhambane.
Libya sees oil production decline further, takes refinery off line
Conditions in the Libyan oil sector have continued to deteriorate over the last week, as forces loyal to Khalifa Haftar maintain their blockade of the country’s crude export facilities.
Algeria’s foreign exchange reserves contract by $17.9bn to $62bn at the end of 2019
From scandal to sell-offs
Even as it pursues corruption charges against the daughter of a former president, Angola is pushing ahead with oil and gas reforms.
Angola extends ExxonMobil-led group’s licence for Block 15
Angola’s National Oil, Gas and Biofuels Agency (ANPG) has agreed to extend ExxonMobil’s production licence for Block 15.
Equatorial Guinea hopes Noble can launch Alen field by end-2020
The government of Equatorial Guinea has said that it hopes Noble Energy (US) and its partners will be able to launch production at the offshore Alen field before the end of this year.
Shell lifts force majeure on Bonny Light crude shipments
Shell Petroleum Development Co. (SPDC), a Nigeria-based subsidiary of Royal Dutch Shell (UK-Netherlands), has lifted force majeure on shipments of Bonny Light crude.
Libyan oil production reportedly down again
Libya’s oil industry has continued to suffer over the last week, with production sinking to a new low.
An African option for Tullow?
Industry observers have been contemplating the possibility that an African investor may seek to bid for control of Tullow Oil, an Anglo-Irish independent that is active in Guyana and several African countries.
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