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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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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.
NLNG in 10-year supply deals with Total, Eni
The Nigeria LNG (NLNG) consortium has concluded 10-year supply agreements with subsidiaries of Total and Eni.
Tullow, Total reportedly appoint agent for sale of Kenyan stakes
France's Total and the UK-Irish independent Tullow Oil are reportedly taking concrete steps to reduce their holdings in Kenya.
Uganda refining project nears FID
Total signs 10-year supply deal with Nigeria LNG
France’s Total has struck a deal to buy 1.5mn tonnes per year (tpy) of LNG from the Nigeria LNG (NLNG) terminal on Bonny Island.
Nigeria files new charges in relation to OPL 245 payments
Nigeria’s federal government has filed 42 new charges against three individuals and four corporations in connection with allegations of fraud in the sale of OPL 245, an offshore oilfield, by Malabu Oil & Gas in 2011.
Eni, partners bring Agogo field on stream offshore Angola
Italy’s Eni has begun extracting crude oil from Agogo, a deepwater field that lies within Block 15/06 offshore Angola.
FAR secures $300mn credit to cover its share of Sangomar costs
Australia’s FAR has secured funding to cover its share of development costs at Sangomar, an oil-bearing block located offshore Senegal.
Total and partners postpone spudding of next well offshore South Africa
France’s Total has pushed back the start date for drilling work on a new well at Block 11B/12B offshore South Africa.
Uganda still in talks with Tullow, Total, CNOOC on Block 3A
Uganda is still in talks with foreign investors on the planned development of Block 3A, which includes the Kingfisher and Tilepa oilfields, but has not yet resolved the tax disputes that put the project on hold last year.
Continued conflict in Libya hits oil sector
Fighting between GNA and LNA forces in Libya has led to falling oil production, declaration of force majeure.
Angola wraps up 2019 bidding round by awarding three blocks
Angola's National Agency for Oil, Gas and Biofuels (ANPG) has chosen a winner in auctions for three of the 10 blocks involved in the 2019 bidding round.
Tullow Oil prepares for a write-down
Setbacks in South America and Africa will continue to pose problems for Tullow Oil in 2020, but the company is trying to regroup.
Petrobras unloads its last Nigerian assets
Petrobras, the state-owned oil company of Brazil, has wrapped up its operations in Africa by finalising the sale of its remaining Nigerian assets.
Moving ahead on Senegal's first oil project
Eni says hull of Coral South FLNG vessel is complete
Italy’s Eni reported on January 14 that it had marked the completion of the hull of a floating LNG (FLNG) vessel that will be used for the Coral South LNG project in Mozambique.
NNPC head: Nigeria is focusing on condensate
Mele Kyari, the group managing director of Nigerian National Petroleum Co. (NNPC), said at the weekend that his country was taking a new approach to compliance with the production quotas set by OPEC and its allies.
Equatorial Guinea gearing up for new oil and gas projects
Gabriel Mbaga Obiang Lima, Equatorial Guinea’s Minister of Mines and Hydrocarbons, said at the weekend that his country intended to launch a number of new oil and gas initiatives this year.
Privately owned Nigerian company expands modular refinery
Nigeria’s Department of Petroleum Resources reported last week that a privately owned company had significantly expanded the capacity of its modular refinery in Ogbele, a town in Rivers State.
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