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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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Savannah Energy terminates $1.25bn deal for Petronas' South Sudan assets
British energy company Savannah Energy has called off its $1.25bn acquisition of Petronas' South Sudan oil and gas assets as the parties were unable to agree on final terms, the company revealed.
Equatorial Guinea explores $2bn financing deal with Trafigura to revitalise hydrocarbon sector
Equatorial Guinea has initiated discussions with Trafigura Group, exploring the potential for $2bn in financing to enhance the country's hydrocarbon sector.
Nigerian Navy seizes over 60 vessels in intensified crackdown on oil theft
In a concerted effort to combat oil theft and secure Nigeria’s oil resources, the Nigerian Navy has intensified its operations, resulting in the seizure of over 60 vessels involved in illegal activities over the past six months.
Ethiopia seeks alternative oil tankers as Djibouti port suspends operations
Ethiopia is pressing Djibouti to provide alternative tankers for incoming petroleum shipments following the suspension of operations at Djibouti's main oil port, according to officials familiar with the matter.
African energy advocacy group plans to sue Western financiers over discrimination against African oil and gas
Western financiers' discrimination against African oil and gas is "very unjust, hypocritical and colonial," the head of a key African energy advocacy group has claimed.
NNPCL exports new crude grade to Spain
The Nigerian National Petroleum Co. Ltd. announced on August 5 that it had launched Utapate – a new crude oil grade – into the international market with Spain as its first buyer.
Petrobras to bid on 40% stake in Galp’s Mopane oil prospect offshore Namibia
Brazil’s state-run oil and gas company Petrobras has made a non-binding offer to purchase a major stake in Portuguese major Galp Energia’s oil and gas discovery offshore Namibia in the highly prospective Orange Basin.
Nigeria losing $1,000 per barrel of oil produced, says expert
Nigeria is experiencing substantial financial losses in its crude oil exports, with an estimated $1,000 lost per barrel, the Institute for Energy and Extractive Industry Law has said.
SAMSA reports progress with MV Ultra Galaxy oil spill clean-up in South Africa
An intensive coastal clean-up is underway 385 km north of Cape Town after the Panama-registered general cargo vessel MV Ultra Galaxy on July 9 ran aground in adverse weather causing a massive oil spill.
Gas explorer Invictus Energy lists on Zimbabwe's dollar-denominated Victoria Falls Stock Exchange
A Perth-headquartered gas explorer, Invictus Energy (Invictus), has listed on Zimbabwe's Victoria Falls Stock Exchange (VFEX), part of the firm's $10mn Zimbabwean institutional placement.
Protesters shut down Libya’s main oilfield Sharara
Libya's government on Saturday, 3 August, denounced as political blackmail the shutdown of the Sharara oil field by protesters.
Eco Atlantic agrees to sell 1% interest in 3B/4B Block offshore South Africa to Africa Oil
South African government must expedite oil and gas legislation to boost investor confidence, AEC executive chairman says
Turkey to launch Somalia offshore oil exploration amid regional tensions
Turkey is set to begin offshore oil and gas exploration in Somalia as part of a new security agreement, Turkish and Somali officials announced on July 27.
Kenya, Uganda advance plans for petroleum pipeline extension
Kenya and Uganda are moving forward with discussions to extend the petroleum pipeline from Eldoret to Kampala, the Kenya Pipeline Company (KPC) confirmed on July 30.
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