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Africa Oil & Power Launches Angola Oil and Gas 2020 Special Report
LUANDA, Angola, -- Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday, May 7th,…
Africa Oil & Power launches Investment Report on Gabon’s Petroleum Sector
Natural gas has been identified as a key development driver for Gabon’s hydrocarbons sector
LIBREVILLE, Gabon, -- Through the…
NJ Ayuk: How Africa Can Make a Comeback from Oil Price Plunge & COVID-19 Pandemic
There has been a ray of hope: a landmark production-cut agreement among OPEC, OPEC+ and G20 stakeholders on April 12 put an…
Moody says APICORP’s ‘Aa2’ Rating is Stable Despite Current Economic Conditions
APICORP continues to be the only
Aa2-rated financial institution in MENA regionRating reaffirmation based on strong
capital…
IOCs reports historic loss, Cut Production in Permian Basin
The biggest U.S. oil producers reported historic losses last week and predicted that it could take months to recover as the…
COVID-19: AEC, IAGC Calls on African Government to take Action to Sustain Oil & Gas Industry
These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in the African oil…
OTC Announces Spotlight on New Technology Awards Recipients
Houston, Texas, USA — The Offshore Technology Conference (OTC) announces the 2020 recipients of the Spotlight on New Technology®…
Equatorial Guinea grants 2 Years Extension to Oil & Gas Exploration Companies
The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in…
President Trump bans importation of certain power equipment
Washington, DC - President Trump has issued an executive order on May 1 banning the “acquisition, importation, transfer, or…
OPEC Call for Papers on its Energy Review-Journal
The OPEC Energy Review is a quarterly energy research journal published by the OPEC Secretariat in Vienna. Each issue consists of…
APICORP CONTRIBUTES $500 MILLION TO MEMBER COUNTRIES TO TACKLE COVID-19 PANDEMIC
Dammam, Saudi Arabia: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution,…
OPEC Says Oil Price May Rise To $40 In Second Half Of 2020
OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the…
Maersk Drilling secures major offshore contract in Africa in Q1 2020
On 14 January, 2020, Maersk Drilling announced that it has been awarded contracts for a three-well exploration drilling project…
Fugro secures ROV and survey support contract with Global Marine Group
Fugro has secured a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global…
Equatorial Guinea to launch new policies to support E&P companies
JOHANNESBURG, South Africa, -- H.E. Gabriel Mbaga Obiang Lima shares Equatorial Guinea’s plans in working through the current…
BP Confirms Plan To Complete Sale Of Alaska Business To Hilcorp By June 2020
BP has confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019.…
African Energy Chamber calls on the Bank of Central African States to relax Forex Rules
New rules notably state that all foreign exchange transfers over $1,680 be vetted for approval by the bank
MALABO,…
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…
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…
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…
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
…
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…
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…
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…
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…
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…
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…
COVID-19 and the Price War: A good time for U.S. Independent Oil and Gas Producers to consider…
By NJ Ayuk
Africa’s rich resources still represent opportunity, including a wealth of natural gas waiting to be discovered
…
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 of Saudi…
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+…