AfrOil - Africa Oil & Gas

Egypt to cut LNG exports in May over anticipated summer power shortages

Egypt will temporarily halt its LNG exports beginning May in order to combat expected power shortages this summer, the North African country announced.

Seplat Energy reveals decline in pre-tax profits in released Q1 2024 results

Nigeria’s Seplat Energy has released its unaudited financial statements for Q1 2024, revealing a pre-tax profit of $69.3mn, marking a 19.5% year-on-year decline from Q1 2023.

AfrOil: Equatorial Guinea awards $350mn five-year contract to Petrofac

Lawsuit filed against Nigeria’s NNPCL over alleged $2bn worth of missing oil revenues

European countries ask for more Algerian gas — foreign minister

Dutch-Swiss petroleum firm Vitol secures approval to merge with South African retailer Engen

South Africa's Competition Tribunal has approved a proposed acquisition of fuel retailer Engen by Vitol Emerald (Vitol), a Dutch-Swiss crude oil, natural gas and refined petroleum products wholesaler.

Guinea lawmakers approve West Africa LNG’s $3bn gas project serving mining sector

Guinea lawmakers have approved an agreement signed last year between the government and West Africa LNG Group (WA-LNG) for a potential $3bn investment in liquefied natural gas (LNG) import infrastructure.

Oil-rich Namibia could be the next Guyana, says TotalEnergies chief

Over the past two years, TotalEnergies, Shell and Galp Energia have made finds off the southwest coast of Africa that have made Namibia a hotspot for exploration. The Orange Basin find could be the world’s biggest-ever deep-water find.

Algerian energy group Sonatrach signs cooperation deal with Oman’s Abraj Energy

Nigeria seeking $10bn injection in oil and gas sector

Nigeria’s NNPCL to establish 100,000bpd facility within Port-Harcourt Refinery

BW Energy postpones FID for Kudu gas-to-power project in Namibia

Puma Energy Africa head calls for urgent downstream infrastructure development

AIM-listed Afentra’s stock price jumps as Angola approves acquisition of Azule Energy’s assets

Sintana Energy acquires more high-impact acreage in Namibia’s Orange basin

TSX-listed exploration company Sintana Energy has acquired a material interest in the PEL 79 licence block taken in Namibia’s Orange basin located to the east of the ‘world-class’ Mopane discovery.

Eni’s crude and gas production in Egypt down 11.7% y/y in Q1

Italian supermajor Eni's oil and gas production in Egypt dropped by 11.7% y/y in the first quarter to 293,000 barrels of oil equivalent per day (boe/d).