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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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French oil major TotalEnergies and partners adopt action plan on resumption of $20bn gas project in Mozambique
A consultant appointed by French oil giant TotalEnergies has released an action plan that could lead to the company resuming the construction of a $20bn liquefied natural gas project in northern Mozambique.
Algerian natural gas exports to Southern Europe remains strong so far in 2023
Algerian natural gas exports to Southern Europe remained strong so far in 2023, as Italy’s demand is high and gas flows to Spain have recovered and are reaching their highest levels.
Ghana watchdogs slam GNPC move to sell Jubilee Oil Holdings stake to South Africa’s PetroSA
A group of 32 civil society organisations has slammed attempts by Ghana National Petroleum Corp. (GNPC) leadership to push forward the sale of a 50% stake in a subsidiary, Jubilee Oil Holdings Limited (JOHL), to PetroSA.
Kenya’s national oil corporation unable to import fuel due to commercial lenders' credit freeze
TotalEnergies’ Mozambique LNG restart moves a step closer with action plan and funding announcements
TotalEnergies and its partners at Mozambique LNG revealed on May 23 they will invest $200mn in a foundation to create economic growth in the local community. The announcement is viewed as a signal that the project's restart is around the corner.
Dangote Petroleum Refinery aims to slash Nigeria's $26bn petroleum import bill
Nigeria’s newly constructed Dangote Petroleum Refinery is a step towards helping the country tackle its $26bn foreign exchange bill for imported petroleum products and fertiliser, the Governor of the Central Bank of Nigeria (CBN) has said.
Shell, Equinor expect to sign HGA, PSA for Tanzania LNG project within next few weeks
Shell (UK) and Equinor (Norway) are preparing to sign a host government agreement and a production-sharing agreement for Tanzania LNG, an ambitious natural gas production and export project, in the near future.
Libya resumes gas exports to Italy after Mellitah plants upgrade
Last week, around 3mn cubic metres of gas arrived at the arrival point in Gela in Sicily. The amount, however, is only nearly one third of the 9 mcm Italy usually receives daily from the Mellitah plants.
Libya to raise crude production by 8% to 1.3mn bpd by December, says NOC head
The head of Libya’s state oil group National Oil Company (NOC), Farhat Bengdara, said the utility plans to raise crude production by 8% by December this year to reach 1.3mn barrels per day by the end of the year.
Kenya revives crude oil ambitions with budgetary allocations for $1.2bn Lokichar-Lamu pipeline, exploration
Canadian firm Polaris wins seismic contract at ASX-listed Invictus Energy's oil prospect in Zimbabwe
Algeria reports rise in LNG exports as it becomes Africa’s top exporter
According to a report by the Organization of Arab Petroleum Exporting Countries (OAPEC), the North African country reported that exports climbed to about 2.8mn tonnes in the first quarter.
South Africa turns to Riyadh for refinery help
South Africa’s Minerals and Energy Minister last week confirmed that talks are resuming with Saudi Arabia for majority state-owned Saudi Aramco to build a new refinery in the country.
Uganda signs agreements with DRG Global, UNOC on blocks from second licensing round
Uganda’s Ministry of Energy has signed a deal with Australia's DGR Global for exploration and development of the Turaco and Kanywataba sites.
Tanzania aims to launch fifth mainland bidding round within the next year
Tanzania is gearing up for its fifth mainland licensing round and will auction off select open blocks for hydrocarbon exploration either in late 2023 or in early 2024.
Tanzania revises cost of LNG project development upwards to $42bn after technical analysis
Tanzania has revised upwards the cost of its liquefied natural gas project to $42bn following a new technical analysis.
Tower Resources raises $2.9mn to bolster Cameroon asset
Tower Resources has successfully raised GBP2.3mn ($2.9mn) through a placement and share subscription, bolstering the company's financial position as it progresses with its flagship asset in Cameroon.
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