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
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