business

UBA Records Double-Digit Earnings Growth in Q1 2020

Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first quarter…

6 years ago

Uganda to welcome $20 billion FID as Total and Tullow finalizes Farm out Deal

By Ndubuisi Micheal Obineme The Government of Uganda has applauded the agreement reached between Total and Tullow, which will see…

6 years ago

PTI Seek Support From IOCs To Boost Oil, Gas Skills in Nigeria

Petroleum Training Institute (PTI), Effurun, Delta State, is seeking support from International Oil Companies (IOCs) to boost skilled manpower in…

6 years ago

Should Africa consider the nuclear energy route?

...Nuclear energy is one of the more attractive options when considering a clean, reliable and cost-effective energy source JOHANNESBURG, South…

6 years ago

APICORP’s Callable Capital Increases from $1 billion to $8.5 billion

Callable capital increases from USD1 billion to USD8.5 billion Authorized capital also increased to USD20 billion and subscribed capital to…

6 years ago

Sebastian Wagner: OPEC still has an important role to play in the Global Oil Market

By Sebastian Wagner JOHANNESBURG, South Africa, -- Scan Western news about OPEC from the last few years and a common…

6 years ago

Equatorial Guinea tackles COVID-19 with New Strategies, Continues Investment Plan for 2020

...The country is projected to be one of the hardest-hit African economies by the global pandemic According to Africa Oil…

6 years ago

BP supercomputer to aid global healthcare researchers to halt COVID-19

HOUSTON – BP is joining forces with the U.S. government, leading universities and the world’s largest technology companies by providing…

6 years ago

Shell unveils plan to be a net-zero company by 2050

Royal Dutch Shell has formally announced plans to reduce greenhouse gas emissions to net-zero by 2050. In an update to…

6 years ago

LUKOIL COMMISSIONS DIGITAL SUBSTATION IN PERM REGION

LUKOIL commissioned its first digital power substation at the Chashkinskoye field in Perm Region. The new facility distributes and delivers…

6 years ago

COVID-19 and the Price War: A good time for U.S. Independent Oil and Gas Producers to consider opportunities in Africa

By NJ Ayuk Africa’s rich resources still represent opportunity, including a wealth of natural gas waiting to be discovered JOHANNESBURG,…

6 years ago

APICORP financial results grows from $96 to $112 million in one year

...Net recurring income increased by 17% between 2018 to 2019 from USD 96 million to USD 112 million DAMMAM, Kingdom…

6 years ago

South Sudan joins OPEC, Russia, and Saudi Arabia to stabilise the Oil Market

Along with other African producing countries, South Sudan has been a key supporter of the Declaration of Cooperation and OPEC+…

6 years ago

OPEC+ slashes production, saves Oil Industry from collapse

Up to 20 million barrels of oil per day could come off the market in combined efforts CAPE TOWN, South…

6 years ago

Nigeria will start producing 1.412 to 1.579 million bpd, says minister

By Ndubuisi Micheal Obineme Following the recent OPEC meeting to curtail production, Nigeria's Minister of State for Petroleum Resources, Chief…

6 years ago

G20 backs OPEC+, But Deal in Jeopardy as Mexico Refuses Cuts

... Mexico is the lone holdout in a global deal to save the oil and gas industry. US set to…

6 years ago

FDG Holdings Becomes a Bronze Sponsor of ATIGS Dubai 2020

DUBAI, UAE – Leading Africa business development company, ATIGS Group is proud to announce FDG Holdings as Bronze Sponsor for…

6 years ago

Nigeria, OPEC+ Join Forces to Stabilise Global Oil Markets

By Ndubuisi Micheal Obineme Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance…

6 years ago

OPEC+ agrees to cut down production by 10 million bpd in May 2020

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries led by Russia, have agreed to cut down production by…

6 years ago

COVID-19: Afrika Umoja, AOP collaborates to build hospitals in Africa

CAPE TOWN, South Africa, -- A Cape Town-based exhibition builder, together with an event organizer, offers to work with governments…

6 years ago

President Lourenço Re-Appoints Diamantino Pedro Azevedo as Mineral, Petroleum Minister in Angola

LUANDA, Angola - The Angolan and African energy industry has welcomed the reappointment of Diamantino Pedro Azevedo as Minister of…

6 years ago

FG, UBA, others remain committed, contributes billions to fight Coronavirus in Nigeria

By Ndubuisi Micheal Obineme Following the outbreak of COVID-19 also known as Coronavirus in Nigeria on 27th February 2020, the…

6 years ago

Bako Ambianda Launches Quarantine And Read Challenge

HOUSTON, TEXAS, USA – The President of Bako Ambianda International, LLC (BAI), an international professional and personal development company, have…

6 years ago

West African Countries among the most hard-hit amid Covid-19 and low oil price, report says

According to African Energy Chamber analyses, Angola, Senegal, Cameroon, Ghana, and Nigeria are among the most hard-hit amid COVID-19 pandemic…

6 years ago

Concordia Damen to build new training vessel for STC Group

Following a competitive European tender process, Concordia Damen has been nominated to build a new training vessel for the STC…

6 years ago

Prominent African business executives, investors to meet at ATIGS 2020

By Olufowokan Oludotun Oyejola Prominent African and international business executives and investors to explore business opportunities at the Africa Trade…

6 years ago

Bako Ambianda Makes 2020 Forbes Africa 30 Under 30 List

By Ndubuisi Micheal Obineme Forbes Africa has formerly announced it’s annual “30 Under 30” list, featuring 30 young entrepreneurs, leaders…

6 years ago

NCDMB Sets New Target for NOGOF 2021

By Ndubuisi Micheal Obineme The maiden edition of the Nigerian Oil & Gas Opportunity Fair (NOGOF) was held in 2017…

6 years ago

NNPC to Double Nigeria’s Domestic Gas Supply, Export Fuel by 2023

The Nigerian National Petroleum Corporation (NNPC) has officially announced that it will expand its domestic gas footprint with the delivery…

6 years ago

NLNG to increase domestic supply of LPG to 350,000MT in 2020

The Nigeria LNG Limited has said it supplied 275,000MT of Liquefied Petroleum Gas (LPG) to the domestic market in 2019.…

6 years ago