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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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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.
Lower oil prices pose trouble for Nigeria
The collapse of the OPEC-plus deal highlights Nigeria's vulnerability.
South African companies urged to seek LNG-related contracts in Mozambique
Several South African businesspeople said during the Africa Gas Forum in Cape Town last week that their country had the potential to benefit from the development of natural gas resources in Mozambique.
Angola hoping to see more filling stations built in eastern regions
Angola’s Ministry of Mineral Resources and Petroleum has begun drawing up plans for the expansion of the country’s network of retail filling stations.
Nigerian government issues sovereign guarantees for Chinese pipeline credit
Nigeria’s federal government has pledged to provide a sovereign guarantee covering most of the costs of building the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline.
South Sudan’s practice of advance oil sales draws criticism
One of the factions in South Sudan’s new coalition government has called for changes in the way Juba handles revenues from crude oil production.
Nigerian independent prepares to commission first phase of modular refinery
Nigeria’s Waltersmith Refining & Petrochemical (WR&P) has said it expects to complete the first phase of a modular refinery at the Ibigwe oilfield in Imo State ahead of schedule.
Nord Stream 2 pipelaying vessel bound for Egypt
Trying too hard to escape the resource curse?
A Ugandan newspaper has faulted President Museveni and his team for taking an overly rigid approach to revenue division and getting itself mired in tax disputes.
Eni finishes gas pipeline in Algeria’s Berkine Basin
Italy’s Eni has wrapped up construction work on a pipeline that will facilitate the export of natural gas and associated gas from hydrocarbon fields in the Berkine Basin in south-eastern Algeria.
Sonangol hopes to sell off 30% of equity by 2027
Sebastião Gaspar Martins, the chairman of Sonangol, revealed last week that Angola’s national oil company (NOC) was heading for partial privatisation.
Ghana’s president hopes for FID on Pecan project soon
Ghana’s President Nana Akufo-Addo said last week that he hoped Aker Energy (Norway) would make a decision about the development of the Pecan offshore field in the near future.
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