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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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Woodside may pre-empt Cairn’s sale of Sangomar stake to Lukoil
Australia’s Woodside Energy indicated last week that it might seek to block Russia’s Lukoil from acquiring a stake in RSSD, the consortium set up to develop the Sangomar block offshore Senegal.
Turkana County officials demand more information on Tullow’s Kenya projects
Local officials in Turkana County have demanded additional information on the activities of Tullow Oil (UK/Ireland) in the South Lokichar Basin.
Sound raises funds for Moroccan gas plans
Oxy considering sale of MEA assets to Pertamina
Waiting for the law
Nigeria’s government claims to be on the verge of submitting the Petroleum Industry Bill to the National Assembly.
Bolloré wins transportation services contract from Assala Energy
Assala Energy, a Gabon-based subsidiary of the Carlyle Group (US), awarded a transport services contract to Bolloré Transport & Logistics of France last week.
Angola offers local companies preferential terms in onshore licensing round
Angola’s government is looking to give local investors an advantage in its upcoming onshore licensing round, in the form of tax breaks.
South Sudan reports oil production down more than 10.5% since January
South Sudan’s crude oil output has dropped by 20,000 barrels per day (bpd), or more than 10.5%, in the last six months, according to Awow Daniel Chuang, the undersecretary of the country’s Ministry of Petroleum.
NRG: Beyond oil
US Eximbank to provide largest portion of $14.9bn Mozambique LNG loan
The US Export-Import Bank (Eximbank) is set to make the largest individual contribution to a nearly $15bn credit package that the Mozambique LNG consortium is using to fund its project.
Malaysian company, ENH suspend drilling in Buzi district
Mozambique’s national oil company ENH and its Malaysian partner Buzi Hydrocarbons PTE have suspended exploration drilling in the Buzi district of Sofala Province, citing problems related to the coronavirus.
Eni eyes $1bn sale of Jotun FPSO
Libya heading for more trouble
Libya could see oil production levels fall further in the near future, owing to the involvement of various third parties.
Chevron to buy Noble in first major post-crash deal
Chevron has agreed to buy Noble Energy for $5bn in stock in the first major deal of the current oil downturn, but whether this ushers in a new wave of consolidation remains uncertain.
Renergen launches South Africa’s first ever LNG auctions
Renergen has launched South Africa’s first ever auction of LNG by opening a bidding contest for future LNG production streams from the Victoria Gas Project.
Liberia revises terms of offshore bidding round
The Liberia Petroleum Regulatory Authority (LPRA) has made the terms of this year’s offshore licensing round more flexible.
NRG: A global mixed bag
The global pandemic is beginning to sort the weak from the strong, with some oil and gas projects receiving continued support despite the downturn while others are being labelled “wait and see”
Sluggish oil prices led Uganda’s ERA to keep power tariffs steady in Q3-2020
Uganda’s Electricity Regulatory Authority (ERA) has reportedly identified sluggish crude oil markets as the main factor underlying its decision to keep electricity tariffs steady in the third quarter of 2020.
Chevron confirms plan to buy Sasol’s indirect stake in Escravos GTL plant
The US major Chevron has confirmed that one of its subsidiaries is slated to acquire additional equity in the Escravos gas-to-liquid (EGTL) plant from South Africa’s Sasol.
Kenya hikes fuel prices
Kenya’s Energy and Petroleum Regulatory Authority (EPRA) hiked prices for petroleum products last week, citing a rise in the cost of imported gasoline as justification for its decision.
Total reveals details of Mozambique LNG financing deal
France’s Total has divulged some details of a recently signed financing agreement that will cover around three quarters of the projected costs of the Mozambique LNG project.
NLNG responds to MP’s charges of corruption
The Nigeria LNG (NLNG) consortium has denied allegations of unauthorised withdrawals from an account used to cover dividend payments to its largest shareholder, Nigerian National Petroleum Corp. (NNPC).
Sylva says Nigeria is working to ensure 100% compliance with OPEC+ agreement
Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, said last week that his country intended to meet all of its commitments to OPEC+, the alliance formed by OPEC, Russia and other non-member states.
Knock-on effects
Problems in South Africa’s refining sector have led to fuel shortages in neighbouring Botswana.
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