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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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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.
Tanzania’s energy minister says domestic fuel stocks are growing
Tanzania has made concrete progress in its effort to expand domestic petroleum product stocks, according to Energy Minister Medard Kalemani.
Algerian protesters criticise plans to develop shale gas
Opposition groups in Algeria have begun voicing objections to the government’s plans to explore and develop domestic shale gas reserves.
Africa Oil uses BTG Pactual dividend to pay down POGBV loan
Canada-based Africa Oil Corp said on February 4 that it had started repaying the loan it took out to finance its acquisition of Petrobras Oil and Gas BV, now known as Prime Oil and Gas BV (POGBV).
Angola shortlists bids for 100,000 bpd oil refinery
Turkey tangles with its neighbours in the East Med and beyond
Coronavirus the focus of major oil policy decisions
Sudan reports motor fuel shortages
At least four cities in Sudan have experienced problems with fuel supplies since mid-January: El Obeid, Khartoum, Nyala and Port Sudan.
Libya still sinking
Libyan oil production and revenues have continued to drop amidst fighting between GNA and LNA forces.
NNPC, Chinese banks gearing up to sign financing deal for AKK pipeline
Nigerian National Petroleum Corp. (NNPC) is close to wrapping up a deal with Chinese lenders on a credit that will help cover the cost of the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline project.
LAPSSET infrastructure project gains AU support
FAR, Glencore sign MoU on marketing of Sangomar production
Australia’s FAR revealed last week that it had signed a memorandum of understanding (MoU) with Glencore on the marketing of oil from the Sangomar block offshore Senegal.
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