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NLNG signs EPC Contracts with SCD JV Consortium
Nigeria LNG Limited (NLNG) has signed the Engineering,
Procurement and Construction (EPC) Contracts for its Train 7 Project with…
Eni, SEP to conclude Afina and Sankofa Unitization Agreement in Ghana’s Upstream Sector in August…
The conclusion of such an agreement would ensure efficient reservoir exploitation, avoid unnecessary competitive drilling and…
Damen delivers Multi Cat 1908 to Inverlussa Marine Services
On 30th March in Hardinxveld, the Netherlands, Damen Shipyards Group handed over a Multi Cat 1908 named Patricia Matheson to…
AFDB welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix
With this investment, CTF becomes the first progressive geothermal Independent Power Producer (IPP) in Ethiopia.
ABIDJAN,…
COVID-19: Damen hosts digital steel-cutting ceremony for RoPax vessel
Shipyard uses digital communications to ensure safe
steel-cutting ceremony during coronavirus outbreak
On Monday,…
African Energy Companies Join Equal by 30 Campaign for Women in Energy
The Equal by 30 Campaign is being rolled out with the aim to advance gender equality and ensure women are firmly at the centre of…
Maersk Drilling revises financial guidance for 2020 and takes steps to reduce onshore organisation
Today, The Drilling
Company of 1972 A/S (“Maersk Drilling”) provides the following update on
the impact of COVID-19 and lower…
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…