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Oil And Gas
Oilserv to Absorb 3,000 Workers in AKK Project
As President Mohammadu Buhari perform the flag off ceremony of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline!-->…
President Buhari Flags-off Construction of 614km Ajaokuta-Kaduna-Kano Gas Pipeline
The Federal Government’s aspiration to boost domestic utilisation of
gas in Nigeria will receive a boost tomorrow as President!-->…
Flag Off of $2.8 Billion AKK Project 95 Percent Ready – Oilserv
Oilserv Limited, one of the companies handling the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline, has said that the!-->…
Manufacturing Holds Key to Recovery of Oil and Gas Markets, Expert says
Abu Dhabi, UAE – A revival in manufacturing across the world holds the key to the mid-term recovery of oil and gas markets, with!-->…
Nigeria Targets $10 Per Barrel Cost of Production by 2021
The Federal Government of Nigeria has made its intention to fix the Unit Operating Cost (UOC) of producing crude oil in Nigeria!-->…
Nigeria reaffirms Commitment to Comply with OPEC+ Production Agreement
Following the conclusion of the OPEC and non-OPEC meeting held on June 6th, 2020, Nigeria has reconfirmed its commitment to!-->…
OPEC Calls on Oil Producers to Adhere to Production Adjustment
The 11th OPEC and non-OPEC Ministerial Meeting was held
via videoconference, on Saturday, 06 June 2020, under the Chairmanship!-->…
OPEC+ Extends First Phase Production Adjustment till July 2020
The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via!-->…
Liberia auctions oil blocks online due to Coronavirus outbreak
The Liberian Government is seeking interest from companies on participating in the offshore license round, which was open since!-->…
Total enters into a giant offshore wind farm project in Scottish North Sea
Paris, – Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm!-->…
DPR Launches 2020 Marginal Fields Bid Round
By Ndubuisi Micheal Obineme
Victoria Island, Lagos - The Department of Petroleum Resources (DPR), on behalf of the Federal!-->!-->!-->…
Total Announces Approval of New Resolutions Proposed By Shareholders
Paris, May 29, 2020 – Total's Shareholders’ Meeting was held as a closed session at the Company’s headquarter, on May 29, 2020,!-->…
Chevron Takes Extreme Measures in Response to COVID-19 Pandemic
By Ndubuisi Micheal Obineme
Chevron Corporation has officially announced new actions that it will take in response to the!-->!-->!-->…
Total Announces Results of the 2020 Capital Increase Reserved for employees
Paris, – In accordance with its policy in favour of employee shareholding, the Board of Directors of TOTAL S.A. decided, on!-->…
Nigeria to launch bidding rounds for several oil blocks in 2020
By Ndubuisi Micheal Obineme
Chief Timipre Sylva, Nigeria's Minister of State for Petroleum Resources, has said that the!-->!-->!-->…
SNEPCo Commences 5th Turnaround Maintenance on Bonga
Shell Nigeria Exploration and Production Company (SNEPCo) has begun the 5th turnaround maintenance at Bonga and its crude oil!-->…
Oil prices rise as countries relaxed coronavirus restrictions
NEW YORK (Reuters) - Oil prices rise in the last two weeks as some countries relaxed coronavirus restrictions to allow factories!-->…
Apex Industries joins Equal by 30 Campaign
The
Equal by 30 campaign aims to have public and private sector commitments
to work towards equal pay, equal leadership and!-->…
TSAVO Oilfield Services Joins Equal by 30 Campaign
NAIROBI, Kenya, -- In yet another bold move, TSAVO Oilfield Services (TSAVO) becomes a signatory of the Equal by 30 campaign,!-->…
Nigeria’s PPPRA Clears Oil Marketers to Import Fuel
Private oil marketers have joined the Nigerian National Petroleum Corporation in the importation of petrol, according to VON.
!-->!-->!-->…
Total’s Investment Portfolio for Deepwater Projects in Africa Hits $160 billion
By Ndubuisi Micheal Obineme
Mr. Mike Sangster, Managing Director, Total E&P Nigeria Limited, has said that Total has made!-->!-->!-->…
Belarus set to receive first shipment of U.S crudeoil
WASHINGTON (Reuters) - The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in!-->…
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!-->…
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!-->…
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!-->…