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Monthly Archives: November, 2016

As Iran Oil Tenders Near, Investors Still In the Dark On Terms

Two years after Iran pledged to open up its oil industry in anticipation of the lifting of sanctions, foreign companies say they still have...

Ivory Coast to Organize Debt Relief For State Oil Refinery

In Ivory Coast, the Government has revealed plans to organize debt relief for state oil refinery, Societe Ivoirienne de Rafinage (SIR), through public and...

NNPC Slashes Price of Nigeria’s Crude Oil Grades

The Nigeria National Petroleum Corporation, recenly, slashed the official selling price of Nigeria’s crude oil grades as parts of a strategy to make Nigeria...

Lekoil Raises Fund for Otakikpo Start Up

West Africa-focused oil and gas exploration and production company, Lekoil, has announced that it has raised gross proceeds of about $12.4 million through the placing...

Mauritanian Government Signs Exploration and Production Contract with Kosmos Energy

The Mauritanian government and Kosmos Energy of Mauritania have entered into an exploration and production contract, concerning Block C-6 located offshore northwest of Nouakchott,...

Nigeria’s Oil Reserves May Dry up in 30 Years, Experts Warn

The country’s crude oil reserves may dry up in the next 30 years, says Nigerian National Association of Petroleum Explorationists (NAPE).President of the association,...

Oil Firms Back Nigeria’s Gas Development Agenda

Second Vice-President of Nigeria Gas Association (NGA), Mrs Audrey Joe-Ezigbo (left); first Vice President, NGA, Dada Thomas; Chairman/Managing Director, Chevron Nigeria Limited, Clay Neff;...

Missing Mining Millions: South African Public Protector Reveals Shocking Details

The results of Public Protector Thuli Madonsela's investigation into missing mining royalties from the Bapo-Ba-Mogale community's collective "D" account have been received with shock   Guests...

Angola : Lucapa Announces Sales Plans For Last Quarter

Mining firm Lucapa Diamond has scheduled two diamond sales for the last 2016 quarter as recoveries of large special stones continue at its Lulo...

IBEDC is the Best Distribution Company In Nigeria

You said IBEDC is the best distribution company in Nigeria, can you buttress that? It is not a statement from me. It is a statement...

‘TCN IS ‘WHEELING’ AND ABLE’ – Mrs. Osin

Mrs. Celestina Osin, is the Regional Public Relations Officer, Transmission Company of Nigeria –TCN. In this interview with the Editor at the recently held...

“Our goal is to exceed the expectations of every client by offering manufactured transformers of the highest quality” – Baynes

Ernest Baynes is a young entrepreneur and founder of Baynes Transformers Technology, a company positioned as a quality conscious and cost effective supplier of...

‘Our Joint Ventures need sufficient operational, financial independence to be self-financing.’ – Austin Avuru

Mr. Austin Avuru, co-founder of Seplat, was appointed Chief Executive Officer on 1 May 2010. He obtained a Geology degree from the University of...

MADE IN AFRICA: Driving Sustainable Economic Growth

By Godspower Ike   Africa’s economic growth in 2016 was recently revised downwards to 2.4 per cent, from 2.9 per cent earlier projected. The reason for...

Sudan: Algeria’s Sonatrach Company Expresses Desire for Oil Investment

Algeria’s Sonatrach Company has expressed desire to invest in the field of oil and gas in Sudan. This came during the meeting of the...

Glencore seeks more deals with Libya, Iran to overcome tough trading year

Glencore Plc has announced it is looking to increase its oil trading with Libya, Iran and Iraq in order to beat the tough trading...

Nigeria’s Economy on the Brink… Ex NNPC GMDs

Unless militants blowing up oil installations and facilities in the oil-rich Niger Delta are prevailed upon to stop their violent campaign, operations of the...

Saipem-Nigeria Completes Fabrication and Load-out of EGINA

Saipem Construction Nigeria Limited has completed the fabrication and load-out of the EGINA Umbilicals, Flowlines and Risers from its Rumuolumeni fabrication base. The load out...

Wabote Resumes as Executive Secretary, Nigerian Content Board

The newly appointed Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote assumed office on Monday at the...

Alhassan Abubakar Emerges New Onne Port Manager

Alhaji Alhassan Ismaila Abubakar has now assumed duties as the new Port Manager in charge of Onne Port Complex. The appointment as the new...

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