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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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Uganda’s efforts to attract more bids in second licensing round fail
Uganda’s Ministry of Energy effectively confirmed last week that its effort to attract more bids to the country’s second oil licensing round had failed.
Nigeria’s PIB would fold PPPRA, PEF into new agency
The Nigerian government’s proposed oil and gas law, known as the Petroleum Industry Bill (PIB), looks set to fold two of the existing agencies that regulate the downstream sector into a new agency.
Opposition party faults Transnet for oil pipeline spill
South Africa’s Democratic Alliance (DA) party has demanded that Transnet Pipelines (TPL) be held responsible for a pipeline breach that caused several thousand litres of crude oil to spill into the Umbilo River.
NRG: Time for guarded optimism
Tullow clears last government-related hurdles to Ugandan farm-out deal
Tullow Oil (UK/Ireland) revealed in a statement last week that it was much closer to finalising the sale of its assets in Uganda to France’s Total after meeting “all the government-related conditions to closing” the deal.
Auditors raise questions about NNPC’s ability to remain a going concern
The auditors of Nigerian National Petroleum Corp. (NNPC) have cast doubt on the state-owned firm’s ability to continue as a going concern.
Cease-fire deal should help Libyan oil output continue to rise
Libyan crude oil output is set to rise even further, following the signing of a cease-fire agreement between the UN-backed Government of National Accord (GNA) and the Libyan National Army (LNA) headed by Khalifa Haftar.
Angola’s oil minister says sustaining production is “top priority”
Angola’s Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo has said that he sees stemming production declines as the most important task for the country’s oil industry amidst the coronavirus (COVID-19) pandemic.
Aminex, ARA finalise farm-out deal for Ruvuma block
UK-based Aminex has finalised its Tanzanian farm-out deal with ARA Petroleum of Oman.
Egypt's Idku LNG plant prepares to load first cargo since July
Nigeria’s PIB envisions changes in domestic gas sector
Nigeria's Petroleum Industry Bill (PIB), which is still under discussion in the National Assembly, aims to make domestic gas sales a more lucrative proposition.
SPA appoints new directors to ensure regional representation
The Somali Petroleum Authority (SPA), a new agency established by the federal government to oversee the hydrocarbon industry, is working to ensure that all regions of the country are represented within its governing structures.
Pirates seize LNG tanker from Punta Europe LNG terminal
An LNG tanker has been seized by pirates off the coast of Equatorial Guinea, according to Dryad Global, a UK-based maritime security firm.
Libyan oil output hits 500,000 bpd mark
Libyan crude oil output has continued to rise over the last week, reaching 500,000 bpd.
NOCK facing major financial woes
The National Oil Corporation of Kenya (NOCK) is struggling to remain afloat amidst serious financial troubles, according to local press reports.
Gabon sees oil production sinking slightly in next fiscal year
Gabon’s government is reviewing a budget bill that anticipates a decline in domestic crude oil production.
World Bank, partner states to help fund Sudan’s fuel price reforms
The World Bank has offered Sudan’s transitional government a grant of $200mn to support efforts to reform the economy, including the energy sector.
Bank of Mozambique publishes plan for establishing gas fund
Mozambique’s central bank has publicised its plan to set up a new sovereign wealth fund for future earnings from natural gas and LNG projects.
NNPC pledges to ensure oil supplies to Ibigwe modular refinery
Nigerian National Petroleum Corp. (NNPC) has pledged to ensure reliable deliveries of crude oil to the new modular refinery that Waltersmith Petroman Oil is building at the Ibigwe oilfield in Imo State.
NRG: Challenges ahead
Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.
$95bn of MENA petchem investments at risk
DNG to start South African LNG bunkering next year
Libya’s precarious position
Libya's oil infrastructure is coming back on stream, but it may face another blockade soon.
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