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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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NOC outlines plans for raising oil and gas output
Libya’s National Oil Corp. has drawn up plans for increasing the production of both crude oil and natural gas.
Namibian government may seek minority stakes in mining, petroleum projects
With concerns mounting over local control of valuable natural resources, Namibia is contemplating acquiring minority stakes in mining and petroleum production operations.
TotalEnergies postpones production testing at Venus-1X offshore Namibia
France’s TotalEnergies has postponed production testing at Venus-1X offshore Namibia because of operational challenges with its designated drilling rig.
Scirocco may receive windfall payment from Ruvuma block in Tanzania sooner than expected
Scirocco Energy may receive a substantial windfall payment of $5.5mn in the coming months, assuming that the Ruvuma natural gas project in Tanzania moves forward as anticipated.
Chevron reportedly begins sale process for ROC assets
Chevron, the US oil major, has reportedly begun the process of unloading its assets in the Republic of Congo (ROC).
Iran’s supreme leader states during Oman sultan’s visit he welcomes improved relations with Egypt
France’s TotalEnergies secures 20-year extension on Nigerian production licence
French energy giant TotalEnergies has secured a 20-year extension on its production licence for the OML 130 block offshore Nigeria, it has revealed.
AfrOil: Dangote Refinery launched
Gabon ship registry doubles as country offers safe haven for shadow fleet carrying Russia’s sanctioned oil
S&P Global data show 98% of tankers registered under Gabon's flag weighing above 10,000 deadweight tons (dwt) are 'high-risk' vessels under Russian trade and shipping sanctions or have unidentified ultimate group owners.
Nigeria expects to launch $50bn worth of new oil projects in next five years
Nigeria is on track to launch a number of upstream oil development projects worth more than $50bn within the next five years, according to the head of the NCDMB.
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.
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