AfrOil - Africa Oil & Gas

Russia’s Tatneft resumes oil exploration in Libya’s Ghadames basin

Russia’s Tatneft, in co-operation with Libya’s National Oil Corp. (NOC), has resumed exploration drilling in the country after a 10-year hiatus.

Renergen deal could help establish helium spot market

South African company set to begin trading helium once its LNG plant comes on stream.

Maersk Drilling set to drill “world-record” deepwater well offshore Angola

TotalEnergies E&P Angola has exercised its option to use the Maersk Voyager, a seventh-generation drillship owned by Maersk Drilling (Denmark), to sink the ultra-deepwater Ondjaba-1 exploration well at Angola’s Block 48.

Occidental Petroleum sells off assets to Kosmos Energy, GNPC

US-based Occidental Petroleum has sold off its stakes in two Ghanaian oilfields for $750mn in an effort to end a two-year divestment designed to reduce debt.

Invictus Energy covers nearly 500 km in Zimbabwe oil study

Nigerian government facing growing fuel subsidy budget crisis

Nigeria’s government is facing a growing budget crisis, as a subsidy policy designed to protect the population from growing oil prices is putting increasing pressure on the federal budget.

Fitch puts Kosmos on ratings watch positive after Ghana deal with Occidental

Fitch Ratings has changed the status of US-based Kosmos Energy to Rating Watch Positive (RWP) in light of the company’s recent deal with Occidental Petroleum for the acquisition of stakes in several Ghanaian oilfields.

Ghana's Tema Oil Refinery ought to be privatised

Senyo Hosi, the CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has said that the Tema Oil Refinery (TOR) has to be privatised to stop it from acting as a drain on the Ghanaian economy.

AfrOil: Kampala seeks to ease UNOC’s access to oil revenues

Uganda’s government has drawn up legislation that would allow the national oil company to access the proceeds from its share of future crude production.

SDX Energy spudded the MSD-21 infill development well on the Meseda field in Egypt’s Eastern Desert

Russia’s Tatneft resumes oil exploration in Libya’s Ghadames Basin after ten-year hiatus

Sahara Group plans large investment in LPG in Africa

Energy and infrastructure conglomerate Sahara Group is set to invest over $1bn in Africa to boost the energy transition on the continent.

Nigeria produced more oil in September - OPEC

Shell Nigeria invite bids for Field Support Vessels

Egypt is on target to be self-sufficient in gasoline and gas oil production by 2023

Fitch puts Kosmos on rating watch positive after deal with Occidental, a partner in Ghana oilfields

Nigeria’s DPR revokes licences of two National Oilwell Varco (NOV) subsidiaries

Maersk Drilling awarded contract extension to drill ‘world record’ well offshore Angola

Shearwater GeoServices starts offshore Angola 4D survey for TotalEnergies unit

Nigeria orders probe into refinery contracts

Petronas’ Sudanese woes grow

Malaysian state major Petronas’ legal woes in Sudan grew this week following the issue of an arrest warrant for some of its former executives.

Malabo’s big dreams for Mega Gas Hub

Equatorial Guinea could become a major hub for regional gas trade – if its plans come together.

Italian energy company wants to withdraw from South African oil exploration venture with Sasol

Italian oil and gas group Eni SpA plans to exit an oil exploration venture off South Africa’s southeast coast, a Bloomberg report noted.

NGO accuses ReconAfrica of disrupting local communities

Toronto-listed Reconnaissance Africa Energy, known as ReconAfrica, has come under fire from a local non-governmental organisation called Frack Free Namibia (FFN).

BW Energy wins rights to G12-13, H12-13 blocks offshore Gabon

A consortium led by Norway’s BW Energy has won the right to negotiate contracts for two blocks in Gabon’s 12th Offshore Licensing Round.