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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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Nigeria's NNPC E&P announces commencement of oil production in Akwa Ibom State
NNPC Exploration and Production (NNPC E&P) and Natural Oilfield Services Ltd. (NOSL) have announced the commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State, Nigeria.
Naturgy says gas supply contracts with Algeria unaffected by shareholding sales
Spanish natural gas firm Naturgy said supply contracts with Algeria include no clauses that would be affected by changes to its shareholding structure, amid talks with Abu Dhabi energy firm TAQA of a potential full takeover of Naturgy.
Libya’s PM Dbeibah backs NOC plan to raise crude production to 2mn bpd
Libya’s PM Abdulhamid Dbeibah has supported a plan announced by the National Oil Corporation (NOC) to increase domestic oil production to 2mn barrels per day (bpd) by 2027 from about 1.24mn now.
Panoro Energy confirms oil at Hibiscus South Extension offshore Gabon
Panoro Energy ASA announced on May 10 that the DHBSM-2P pilot well has encountered oil and confirmed a north-eastern extension of the Hibiscus South field at the Dussafu Marin Permit offshore Gabon, further increasing recoverable reserves.
Niger’s first oil export to China in doubt over border dispute
Benin has reportedly blocked the export of Niger's crude oil from its port after Abuja refused to open its land borders for goods coming from Benin.
Egypt’s natural gas consumption increases to 6.1bn cubic feet/day in May
Egypt’s natural gas consumption increased by 300mn cubic feet daily (cf/d) to 6.1bn cf/d in May, according to a government official.
Sintana Energy leads community engagement in African oil exploration
Canadian oil and gas exploration company Sintana Energy is setting a new standard for community participation in African oil and gas exploration, according to the African Energy Chamber.
Nigeria to investigate accusations of non-payment of debt against AGIP
The Nigerian House of Representatives has agreed to investigate allegations of fund diversion and debt non-payment involving the Nigerian National Petroleum Company Ltd. (NNPCL) and multinational oil giant AGIP.
ExxonMobil optimistic of FID for Mozambique’s Rovuma LNG by end of 2025
ExxonMobil vowed it will continue to move forward with its Rovuma LNG project in Mozambique with a company official stating that it is “optimistic” it will be able to reach a positive final investment decision by the end of 2025.
Saudi Aramco may invest $10bn in South Africa’s petrochem, renewables sectors – electricity minister
British oil & gas major Shell divesting from South Africa after 120-year presence
Shell said it has decided to divest its 72% shareholding from Shell Downstream South Africa (SDSA) after a "comprehensive review" of its businesses across all regions.
Azule Energy ventures into Namibia’s offshore oil sector with groundbreaking agreement
Azule Energy, created in 2022 by combining BP (UK) and Eni (Italy) assets in Angola, marks its debut in Namibia’s offshore oil sector through a groundbreaking farm-in agreement with private explorer Rhino Resources Namibia.
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
Yinson Production completes $1.3bn financing for Angola FPSO project
A group of 13 lenders, comprising global banks and institutional investors, has empowered Yinson Production in securing a limited recourse term loan facility of up to $1.3bn.
French prosecutors probing TotalEnergies over 2021 Islamist attack near its Mozambican gas project
French prosecutors are investigating oil major TotalEnergies after survivors of a 2021 jihadist attack in northern Mozambique accused it of negligence and indirect manslaughter.
Nigeria offers expedited divestment approval to oil majors in exchange for environmental responsibility
Oil companies seeking to divest from Nigeria can obtain quicker approval if they take responsibility for environmental clean-ups and offer compensation to affected communities for oil spills.
Nigeria: Shell signs $100mn deal with Oyo government to build gas distribution network
Shell Nigeria Gas (SNG) has signed an agreement worth over $100mn to build and operate a gas supply and distribution infrastructure serving industrial and commercial users in the Oyo State government.
Seplat Energy set to deliver 13 new Nigerian oil & gas wells in 2024
Seplat Energy plc, Nigeria’s biggest oil and gas company by market value, is targeting the delivery of 12 new oil wells and two new gas ones in 2024 across its operated and non-operated assets, according to the company’s unaudited Q1 results.
Saudi ADES secures $161mn deal for jack-up rig in Egypt’s Gulf of Suez
Egyptian energy firm Suez Oil (SUCO) has awarded a contract worth $161mn to Saudi oil and gas drilling services provider ADES Holding for a jack-up drilling rig in the Gulf of Suez for 21 months.
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