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…