AfrOil Top Story archive

20 February 2017, Week 07, Issue 727

Algeria’s Sonatrach and Italian services company Saipem have formally settled their past differences by signing an agreement to end their legal disputes over four gas projects in the North African...

13 February 2017, Week 06, Issue 726

The Mozambique government has approved the development plan for the Anadarko Petroleum-backed LNG plant on February 6. The news coincided with an update from the US company, which said it – and...

06 February 2017, Week 05, Issue 725

Galp is in the process of farming out a stake in its Petroleum Exploration Licence (PEL) 82, in Namibia, to ExxonMobil. The US company has been on something of a tear in recent weeks, signing up a...

30 January 2017, Week 04, Issue 724

Nigeria’s Shoreline Natural Resources has signed up a new debt financing deal worth US$534 million, backed by Vitol. 

23 January 2017, Week 03, Issue 723

Nigeria’s House of Representatives has passed the Petroleum Industry Governance Bill (PIGB), after a third reading, on January 17. The bill will fundamentally rewrite a number of aspects of...

16 January 2017, Week 02, Issue 722

Drilling will soon begin at the Ntorya-3 well onshore Tanzania, Aminex said in an operations update statement released last week. 

09 January 2018, Week 01, Issue 721

Nigeria’s energy sector began 2108 with a somewhat rocky start last week, after a fire at the Escravos-Lagos natural gas pipeline disrupted supplies to several power plants near the major southern...

19 December 2017, Week 50, Issue 720

The World Bank Group will no longer finance upstream oil and gas activities after 2019, the group said on December 12, during the One Planet Summit in Paris. While this will be a...

12 December 2017, Week 49, Issue 719

Sinopec has hired BNP Paribas to sell its Nigerian and Gabonese businesses acquired through its purchase of Addax Petroleum in 2009, three sources told Reuters last week. The Chinese company is...

05 December 2017, Week 48, Issue 718

Nigeria LNG (NLNG) intends to take a final investment decision (FID) on Train Seven in 2018, according to a statement from the company on November 29. Speaking at an industry...

28 November 2017, Week 47, Issue 717

Canada’s Stamper Oil and Gas is making plans to buy into an oil project in Sudan. While the company did not disclose the specific asset in question it refers to Block 26 D/E, which had previously...

28 November 2017, Week 47, Issue 717

The West African Gas Pipeline (WAGP) reverse flow project is progressing steadily and on course to be ready by the second quarter of 2018, before first gas flows from the Sankofa-Gye Nyame field,...

21 November 2017, Week 46, Issue 716

Dana Gas’ first legal hearing – stemming from its attempts to have its own sukuk declared illegal and unenforceable – have ended ignominiously for the company. Justice Leggatt, in a judgement...

14 November 2017, Week 45, Issue 715

Nigeria has raised the prospect of selling equity in its joint ventures, as part of its 2018 budget. The proposal is intended to raise 710 billion naira (US$1.99 billion), the country’s Debt...

07 November 2017, Week 44, Issue 714

The Niger Delta Avengers (NDA) has called off its ceasefire, the group said in a statement on November 3, and restarting its campaign “Operation Red Economy”. The statement seemed as focused on...

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