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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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OPEC+ cuts deep into global supply, but not deep enough
Oil prices give up early gains as analysts say new OPEC+ production cuts not big enough
ExxonMobil delays FID on Rovuma LNG
Super-major ExxonMobil has announced that it is pushing back a final investment decision on the proposed Rovuma LNG project in Mozambique.
Nigeria to close loss-making refineries
Algeria launches new pipeline to ramp up exports
Four windows on OPEC-plus talks
Smaller oil-producing states will watch the upcoming Russian-Saudi discussions closely.
Tullow comments on status of African projects
Tullow Oil (UK/Ireland) has indicated that it remains optimistic about its projects in Africa despite the challenges posed by the coronavirus pandemic and lower crude oil prices.
Libya Oil Uganda wins early victory in lawsuit over tax payments
Ola Energy, a Kenyan fuel marketing company formerly known as OiLibya, has taken legal action against the Ugandan Revenue Authority (URA) to protest against the latter’s demand for payment of import taxes.
Nigeria’s LPG consumption plan will cost more than $6bn
Dayo Adeshina, the programme manager of the Nigerian federal government’s National LPG Expansion Plan (NLPGEP), has said that the country cannot push domestic LPG consumption up to targeted levels unless it invests more than $6bn in infrastructure.
Lower oil prices lead Angola to review 2020 budget
Angola’s government recently announced plans to review this year’s budget in light of changing conditions on world crude markets.
Tanzania says pandemic not likely to disrupt domestic fuel supplies
Tanzania’s Energy and Water Utilities Regulatory Authority (EWURA) has indicated that it does not expect domestic petroleum product markets to suffer any disruptions as a result of the coronavirus outbreak.
IMOPETRO head says Mozambique not likely to experience fuel shortages
The head of Mozambique’s state petroleum import agency IMOPETRO has said that the country is not likely to experience any fuel shortages as a result of the coronavirus pandemic.
Energean to exclude Algerian assets from Edison E&P acquisition
UK-listed Energean Oil & Gas has agreed to exclude Algerian assets from the deal that will see it take control of a subsidiary of Italy’s Edison.
Trump signals Russia-Saudi truce
Russia, Saudi Arabia agree to slash oil production, Trump claims
Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.
Sasol to cut output amid lockdown
Saudi oil surge and the threat to the energy transition
The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance
Pestilence and paper-pushers
The coronavirus outbreak is putting pressure on Uganda’s fuel market, and Kenyan tax claims have the potential to make the situation worse.
Nigeria instructs offshore platform operators to reduce staff levels
Nigeria’s Department of Petroleum Resources (DPR) has ordered oil and gas producers to reduce staff complements at their offshore drilling platforms.
Tower Resources declares force majeure on Cameroon project
UK-based Tower Resources has declared force majeure on its operations at the Thali licence area offshore Cameroon.
Pandemic stymies agreement on financing for Sangomar project
The coronavirus outbreak is hindering efforts to secure financing for the development of the Sangomar block offshore Senegal.
Oil prices take another tumble
Liberia’s Conex buys downstream assets from Total in West Africa
France’s Total has arranged to sell its petroleum product marketing operations and assets in Liberia and Sierra Leone to Conex Oil & Gas Holdings, a Liberian-owned company.
Governor of Rivers State rejects NLNG’s request for exemption from lockdown
The government of Nigeria’s Rivers State has rejected a request from Nigeria LNG (NLNG) and several other companies involved in the natural gas sector for an exemption from the lockdown regime imposed last week.
Malawi hopes to expand fuel storage capacity by 50%
The National Oil Company of Malawi (NOCMA) is gearing up to expand its fuel storage network, according to a high-ranking company representative.
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