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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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Supply disruptions in Algeria contribute to LNG market tightness
In Algeria, the port of Arzew, which is home to the GL3Z LNG complex, had been at a standstill for about 10 days as of December 11 owing to bad weather.
ExxonMobil, Vopak weigh up South African LNG project
ICG: Questions about handling of Libyan oil revenues persist
The ceasefire deal that has allowed Libya to bring more than 1mn bpd of oil production capacity back online may soon founder, owing to questions about the handling of petroleum revenues, according to the International Crisis Group.
Nigeria considers holding new bidding rounds in 2021
Nigeria’s government is reportedly mulling the possibility of holding new licensing rounds in 2021.
Security concerns mounting in Mozambique
Major LNG projects are facing more risk in light of Islamists’ continued clashes with the Mozambican armed forces and the swelling number of refugees.
Globeleq secures $250mn in debt funding for Temane gas-to-power project
UK-based Globeleq and its partners in Central Termica de Temane (CTT) have secured up to $250mn worth of debt funding for a scheme that will use domestically produced natural gas to generate electricity.
Kosmos Energy finalises sale of African, South American assets to Shell
US-based Kosmos Energy has finalised a farm-down deal involving assets in Africa and South America with Royal Dutch Shell (UK/Netherlands).
NRG: Brent soars to nine-month high
MODEC signs operations and maintenance contract for Sangomar FPSO
Japan’s MODEC has signed a contract with Australia’s Woodside Energy for the operation and maintenance of a floating production, storage and off-loading unit that will be installed at RSSD, an oil-bearing block offshore Senegal.
Transit fees from Chad-Cameroon oil pipeline up 2.5% in 10M-2020
Cameroon’s Pipeline Steering and Monitoring Committee (PSMC) said last week that it had seen earnings from crude oil shipments through the Chad-Cameroon pipeline rise slightly in the first 10 months of the year.
Invictus urged to sponsor job creation, infrastructure projects in Zimbabwe
Tribal leaders in the Muzarabani district of Zimbabwe’s northern Mashonaland Central Province have urged Australia’s Invictus Energy to sponsor local job creation and infrastructure initiatives as it explores the Special Grant 4571 block.
Nigeria needs to capitalise more on gas wealth: NLNG
NNPC opens tender for fuel supplies
OVL’s mixed upstream fortunes
India’s state-run ONGC Videsh Ltd (OVL) has had something of a mixed week, with good news onshore Colombia being offset by a missed acquisition opportunity in Senegal’s deep waters.
Will China remain central to Sudan’s oil sector?
Recent improvements in US-Sudanese relations may shift power away from state-owned Chinese oil majors, but change is not likely to occur overnight.
NNPC head: NLNG shareholders now discussing Train 8
Shareholders in the Nigeria LNG (NLNG) consortium have begun discussions on the construction of an eighth production train at their natural gas liquefaction plant on Bonny Island.
NRG: Oil market strategising
Policy decisions made this past week will have both long and short-term ramifications for the wider energy sector.
Explosion rocks South African oil refinery
Africa Energy: Results from Luiperd-1x highlight potential of Outeniqua Basin
Drill stem test results from Luiperd-1x, an deepwater exploration well drilled within Block 11B/12B offshore South Africa, indicate that the Outeniqua Basin is a “world-class hydrocarbon province,” according to Canada’s Africa Energy.
BP launches new drilling programme at Platina field offshore Angola
Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) reported last week that BP (UK) had launched a new drilling programme at Platina, a section of the offshore licence area known as Block 18.
Woodside pre-empts FAR’s planned sale of Sangomar stake in OVL
Australia’s Woodside Petroleum has opted to block the planned sale of a minority stake in RSSD, the joint venture set up to explore and develop the Sangomar block offshore Senegal, by FAR Ltd to a subsidiary of India’s OVL.
Mozambique launches new fuel storage terminal
Uganda approves ESIA for EACOP
Uganda’s National Environmental Management Authority (NEMA) confirmed last week that it had approved the environmental and social impact assessment (ESIA) conducted for the East Africa Crude Oil Pipeline (EACOP) project.
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