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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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FAR looking to sell its minority stake in Sangomar
Australia’s FAR Ltd said last week that it had decided to sell all or part of its minority stake in RSSD, the joint venture set up to develop the Sangomar block offshore Senegal, owing to difficulty in securing financing.
Rwandan fuel importers seek tax break for excess supplies
The Rwanda Association of Petroleum Products Importers (RWAPI) is reportedly pressing the government to help its members transfer excess fuel supplies to privately owned storage depots.
Ethiopia commissions gas processing study
Nigeria incurs further refining losses in Jan
Sonangol strikes deal on use of Pumangol fuel storage facility
Angola’s national oil company (NOC) Sonangol is working with Pumangol, its joint venture with the Singapore-based commodities trader Trafigura, to establish a national petroleum product reserve.
Low oil prices pose steep risks for Algeria
Low oil prices may trigger another wave of protests in Algeria once the coronavirus lockdown is lifted.
Republic of Congo set to export oil in excess of OPEC+ quotas
The Republic of Congo looks set to export more oil than expected in May and June.
NNPC releases updated OSP list, continues mooting plans for production cuts
NNPC has published an updated list of its official selling prices (OSPs) for crude oil, following a delay.
Botswana keen to ensure fuel and energy supplies during lockdown
Botswana’s government has pledged to ensure adequate supplies of fuel and energy to the population during the lockdown imposed to combat the coronavirus pandemic.
Equatorial Guinea, Marathon choose Vfuels for modular refinery study
The government of Equatorial Guinea and Marathon Oil (US) have chosen a contractor for a study of plans to construct a modular oil refinery.
Tullow agrees to sell Ugandan assets to Total for $575mn
Tullow Oil (UK/Ireland) revealed last week that it had arranged to sell its assets in Uganda to Total (France).
Ghanaian expert says low prices could lead to cuts in oil production
Ghana’s Institute of Energy Security (IES) has warned that sinking oil prices may force the company to reduce crude output.
Mozambique LNG on hold after COVID-19 outbreak
Saipem wins deal for Egyptian rubbers plant
Examining the WTI collapse
The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.
Uganda extends pre-qualification phase of second licensing bidding round
Uganda’s Energy Ministry says the government has decided to push back the closing date for the pre-qualification stage of the country’s second licensing round.
Pandemic draws unwelcome attention to Nigerian oil and gas workers
The coronavirus pandemic has drawn unwelcome attention to Nigerian oil and gas workers.
NCDMB touts Project 100 programme to NLNG
The Nigerian Content Development Monitoring Board (NCDMB) has asked the four-member Nigeria LNG (NLNG) consortium to look to participants in its Project 100 programme as it seeks local contractors to assist in the expansion of its seventh production
Ugandan central bank official sees low oil prices delaying production
A representative of Uganda’s central bank said last week that the country’s nascent oil industry was likely to suffer as a result of the collapse in global crude prices.
Total puts work at Preowei field offshore Nigeria on hold
Total has put plans for the development of Preowei, an oilfield located offshore Nigeria, on hold, citing unfavourable investment conditions.
Liberia extends bidding in offshore licensing round
The government of Liberia has extended the deadline for submitting bids in the country’s first offshore licensing round by four months.
UPDATED-Oil market’s woes ensnare Nigeria
The world oil market’s woes have ensnared Nigeria, which was already suffering from demand destruction and inadequate storage.
UPDATED: Oil prices fall to less than zero for the first time in history
Oil prices fell to less than zero for the first time in history as producers ran out of places to store crude on April 20.
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