Tuesday, May 14, 2024

Monthly Archives: March, 2016

Can African Petroleum Producers Survive The Oil Price Slump?

By Godspower Ike, Margaret Nongo-Okojokwu The low oil price has brought in its wake a number of challenges for oil and gas producing countries in Africa....

Cooperation Agreement Signed for Mozambique Pipeline

Pipeline The cooperation agreement for the construction of the African Renaissance Gas Pipeline in Mozambique has been completed. The completion of the agreement will lead...

ExxonMobil Terminates Rig in Angola

Transocean has joined the ranks of several other firms that over the past couple of months has seen early termination notices for their rigs. Angola...

Oando Shareholders Approve OER Buy-Out Offer

Shareholders of Oando Energy Resources, OER, Inc- the Toronto Stock Exchange (TSX) - listed exploration and production subsidiary of Oando Plc, have approved the proposal...

‘Nigeria produces 2.2mbd of crude in February’

  Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, says Nigeria’s oil production...

Buhari Urges OPEC Members To Unite And Help Stabilize Oil Prices

President Muhammadu Buhari in Doha, Qatar, has stressed the need for member states of OPEC and non members to unite and find a common...

NNPC to Be Unbundled Into 30 Subsidiaries – Kachikwu

Nigeria’s Minister of State for Petroleum, Dr Ibe Kachikwu, says the Nigerian National Petroleum Corporation (NNPC) will be unbundled into 30 competitive revenue generating...

Uganda Receives 7 Bids in Oil Exploration License Round

Uganda has received seven bids for six oil exploration blocks offered in a licensing round and it plans to choose the winners and sign...

South Africa Drops Out Of Top 10 in Africa for Mining Investment

According to the latest annual global survey released Tuesday by Canadian think tank the Fraser Institute, South Africa has fallen out of the top ten mining...

Nigeria’s Govt Inaugurates 17-Man Panel on Transformation of Mining Sector

The Federal Government has inaugurated a 17-man committee to develop a blueprint to guide the transformation of the solid minerals sector in the country. It...

GNPC, Quantum Power Announce Construction And Operation Of Tema LNG Import Terminal

Ghana National Petroleum Corporation and Quantum Power agree terms for the construction and operation of the Tema LNG Import Terminal. Ghana National Petroleum Corporation (GNPC)...

Cutting Cost on Low Oil Price Employing the Marine Seeps Detection Technology

By Gilbert Boyefio High graded satellite seep on NW-SE seismic line in the Deep Offshore Mumbai area (seep input courtesy of Fugro NPA) PSDM section...

GNPC Take Over Of Ghana Gas Still Drags On

Two years after the Government of Ghana’s plans to have the Ghana National Petroleum Corporation (GNPC) to entirely takeover the management and operations of...

New Ghana Gas Board Visits Atuabo Gas Processing Plant

The new Board of the Ghana National Gas Company (Ghana Gas) has assured staff of their readiness to work with management of the gas...

FPSO Professor John Evans Atta Mills Arrives Ghana

By Gilbert Boyefio The FPSO Professor John Evans Atta Mills, a Floating Production Storage Offloading vessel, which will produce and store oil from Ghana’s Tweneboa-Ntomme-Enyenra...

AU Sinks Sh138 Million in Kenya Geothermal Exploration

Akiira Geothermal Ltd has signed a Sh138.9 million ($1.37 million) grant agreement with the African Union Commission (AUC) to extend exploration of steam power. The...

San Leon Energy Secures Funding For Mart Arrangement Agreement

AIM-listed San Leon Energy has announced that it has secured the funds to complete the Mart Resources Arrangement Agreement announced on22 January 2016, and the extensions announced on 18 February...

Drilling Operations Commence In High Impact Exploration Well On Bakassi West, Cameroon

SDX Energy has announced that drilling operations have commenced on its high impact exploration well (Manatee-1) on Bakassi West, Cameroon. The well, which is located...

Clarke Energy Sees First GE Jenbacher Gas Engine Order in Cameroon

GE’s Distributed Power business announced that UK-based Clarke Energy, GE’s new authorized distributor of Jenbacher gas engines in Cameroon, is supplying a 1.4-MW J420...

Nuweld to Expedite Project Delivery, Enforce Quality

By Godspower Ike NuWeld Incorporated has reiterated its commitment to safety and quality, stating that it has put in place a highly capable management team...

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