business

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

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

By Ndubuisi Micheal Obineme Mr. Mike Sangster, Managing Director, Total E&P Nigeria Limited, has said that Total has made…

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

WASHINGTON (Reuters) - The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in…

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

On 30th March in Hardinxveld, the Netherlands, Damen Shipyards Group handed over a Multi Cat 1908 named Patricia Matheson to…

With this investment, CTF becomes the first progressive geothermal Independent Power Producer (IPP) in Ethiopia. ABIDJAN,…

Shipyard uses digital communications to ensure safe steel-cutting ceremony during coronavirus outbreak On Monday,…

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…

Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) provides the following update on the impact of COVID-19 and lower…

LUANDA, Angola, -- Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday, May 7th,…

Natural gas has been identified as a key development driver for Gabon’s hydrocarbons sector LIBREVILLE, Gabon, -- Through the…

There has been a ray of hope: a landmark production-cut agreement among OPEC, OPEC+ and G20 stakeholders on April 12 put an…

APICORP continues to be the only Aa2-rated financial institution in MENA regionRating reaffirmation based on strong capital…

The biggest U.S. oil producers reported historic losses last week and predicted that it could take months to recover as the…

These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in the African oil…

Houston, Texas, USA — The Offshore Technology Conference (OTC) announces the 2020 recipients of the Spotlight on New Technology®…

The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in…

Washington, DC - President Trump has issued an executive order on May 1 banning the “acquisition, importation, transfer, or…

The OPEC Energy Review is a quarterly energy research journal published by the OPEC Secretariat in Vienna. Each issue consists of…

Dammam, Saudi Arabia: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution,…

OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the…

On 14 January, 2020, Maersk Drilling announced that it has been awarded contracts for a three-well exploration drilling project…

Fugro has secured a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global…

JOHANNESBURG, South Africa, -- H.E. Gabriel Mbaga Obiang Lima shares Equatorial Guinea’s plans in working through the current…

BP has confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019.…

New rules notably state that all foreign exchange transfers over $1,680 be vetted for approval by the bank MALABO,…

Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first…

By Ndubuisi Micheal Obineme The Government of Uganda has applauded the agreement reached between Total and Tullow, which will…