business

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. The Petroleum…

5 years ago

Nigeria LPG Consumption Exceeds Target in Q1 2020

The Petroleum Products Pricing Regulatory Agency (PPPRA) is pleased to announce that the Country has exceeded its Liquefied Petroleum Gas…

5 years ago

Damen delivers complete package for Korean multi-purpose vessel

Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete…

5 years ago

Industry Downturn Creates Opportunities for Local Content in Angola – Expert

LUANDA, Angola, -- With an economic recession expected at -1.4% by the International Monetary Fund (IMF) this year, Angola is…

5 years ago

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 a…

5 years ago

Equatorial Guinea Signs First and Historic Mining Contracts

Five Mining contracts were signed with three different companies and follow the conclusion of the country’s first mining bidding round…

5 years ago

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…

5 years ago

Eni, SEP to conclude Afina and Sankofa Unitization Agreement in Ghana’s Upstream Sector in August 2020

The conclusion of such an agreement would ensure efficient reservoir exploitation, avoid unnecessary competitive drilling and maximize economic recovery JOHANNESBURG,…

5 years ago

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…

5 years ago

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, Ivory Coast, -- The…

5 years ago

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, 27th April, Damen Yichang Shipyard in China…

5 years ago

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…

5 years ago

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…

5 years ago

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, 2020; the…

5 years ago

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 Africa…

5 years ago

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…

5 years ago

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 adequacy, high asset…

5 years ago

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…

5 years ago

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…

5 years ago

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® Award.…

5 years ago

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 Equatorial Guinea The…

5 years ago

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 installation”…

5 years ago

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…

6 years ago

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, announced today that it has launched…

6 years ago

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…

6 years ago

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 by…

6 years ago

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…

6 years ago

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 state of…

6 years ago

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. Subject…

6 years ago

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, Equatorial…

6 years ago