Chevron to Sell 40% Stake In Two Nigeria Oil Blocks

Chevron to Sell 40% Stake In Two Nigeria Oil Blocks

Nigeria’s third-largest oil producer, Chevron Nigeria Limited (CNL), a subsidiary of United States international oil company, Chevron, has announced that it will sell its...
Shell Blames Third Parties for Non-diversion of Bonga Gas to Domestic Market

Shell Blames Third Parties for Non-diversion of Bonga Gas to Domestic Market

 Explains delays in 2,000MW-capacity projects Shell Petroleum Development Company (SPDC) has blamed the non-diversion of natural gas from the deep-water Bonga oilfield to the domestic...
Equatorial Guinea and Cameroon to Jointly Develop Gas Fields

Equatorial Guinea and Cameroon to Jointly Develop Gas Fields

Cross border gas discoveries Yolanda and Yoyo recognized as a single resource by Equatorial Guinea and Cameroon. MoU signed by the governments on...
Oil prices near $44 as investors weigh Nigerian output caps

Oil prices near $44 as investors weigh Nigerian output caps

Oil traded near $44 a barrel as investors weighed the likelihood and potential effectiveness of Libya and Nigeria capping production. Futures traded in a $1.07...
Africa Marginal & Independent Oil/Gas Producers to meet in London Conference on August 23 -24

Africa Marginal & Independent Oil/Gas Producers to meet in London Conference on August 23...

Energy & Corporate Africa has announced that the Africa Marginal and Independent Oil/Gas producers Conference will hold on August 23 – 24, 2017 at...
Seaweld Engineering to build vessels in Ghana

Seaweld Engineering to build vessels in Ghana

Gilbert Boyefio Plans are far advanced for Seaweld Engineering Company Limited, a local oil and gas company that provides a comprehensive range of services and...

Ben Asante Takes Charge of Ghana Gas

Ben K. D. Asante has been appointed the Caretaker, Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas). This follows the...
forte oil

Forte Oil Plans to Raise $62m in Capital to Boost Operations

Forte Oil Plc, plans to raise N20 billion ($62million) as equity from the Nigerian Stock Exchange (NSE) to support its diversification processes, according to...
elang

Elcrest E&P Sign Rig Deal for Opuama-7 Side-track

Eland Oil & Gas says its subsidiary, Elcrest Exploration and Production, has signed a rig contract with OES Energy Services to secure a rig...
NNPC Supports Legislative Intervention for Gas Flaring

NNPC Supports Legislative Intervention for Gas Flaring

By Sola Akingboye The Nigerian National Petroleum Corporation (NNPC) has said that it has put in place measures and facilities to curb gas flaring, preparatory...
*Dada Thomas, NGA President

Nigeria Needs $10b Annually to Achieve GMP’s Goals

To achieve the objectives set out in the Nigerian Gas Master Plan (GMP), at least $10 billion yearly investment is required over two to...

FG Gives Nod to Gas Masterplan

  Stories by Dirisu Yakubu with agency reports Fresh move to unveil a new gas master plan to drive Nigeria’s industrial growth is underway, the Minister...

South Sudan Launches Open Tender for Petroleum Audit

The Government of National Unity of South Sudan commits to transparency and enhanced efficiency in its petroleum sector. Open tender announced for companies...

ExxonMobil signs new Production Sharing Contract with Equatorial Guinea

H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, announced the signing of the PSC on June 5, 2017 ...

Chevron lets contract for Nigerian Gas project

Chevron Nigeria Limited (CNL) has let a contract to Frames Group BV, Alphen aan den Rijn, in the Netherlands, to provide a natural gas dehydration...

BPE Oblivious of Agip/Oando Planned Concession of Port Harcourt Refinery

By Chineme Okafor LAGOS, Nigeria, May 24, 2017/ -- The Bureau of Public Enterprises (BPE) is ignorant of the proposed rehabilitation and operation under a...

Bioko Oil Terminal Project Attracts New Interest; Aims to Transform African Oil Industry

Malabo, May 23, 2017 – Equatorial Guinea’s Bioko Oil Terminal (BOT) project continues to gain important new partners as Nigeria’s Oranto Petroleum submits its...

Missouri American Energy Commits $200m for Modular Refinery

By Margaret Ahiakwo Missouri American Energy, a leading United States modular refinery investor, has set aside $200 million to launch Nigeria’s first modular refinery with a...

Oil Output Drops to 1.676 Mmbpd in March

Nigeria’s crude oil and condensate production dropped by more than 200,000 bpd to 1.676 million bpd last month against 1.9 million bpd in February,...

Nigeria to Legalize Illegal Oil Refineries in Niger Delta

By Dirisu Yakubu, with agency reports  As part of efforts to bring peace to the Niger Delta region, the Nigerian government has revealed plans to...

16th Africa Independents Forum: Developing & driving change in Africa’s oil & gas industry

…Corporates will benefit from invaluable insights, rethinking Africa’s financing and investments LONDON, United Kingdom, May 16, 2017/ -- As one of the foremost events on...

Chief Executives Sign Performance Bond with NNPC Boss

The bond constitutes key deliverables for the upstream, downstream sectors and refineries The Chief Operating Officers (COOs) of the five Autonomous Business Units (ABUs) and...

Oil price settles at $52 as OPEC mulls deal extension

…Extending the curbs at agreed volumes is to reduce global inventories Ahead of the meeting of the Organisation of Petroleum Exporting Countries (OPEC) on May...

NNPC to resume oil exploration in Chad Basin in six weeks

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says oil exploration activities in the Chad Basin will resume in six...

Mosimi depot is back online after a year of inactivity

After close to a year of inactivity due to vandalism on a major pipeline, the Mosimi oil depot in Ogun State is back online,...

FG releases first tranche of $1.2 billion JV cash call debts owed to IOCs

The Minister of State for Petroleum Resources, Emmanuel Kachikwu, has disclosed that the Federal Government has released $400 million to pay Joint Venture (JV) cash...

Blocks B1 and B2 Open for Direct Negotiation following Collapse of Talks with Companies...

Juba, Monday, April 24, 2017 – Representing the Government of South Sudan, the Ministry of Petroleum announces that it is welcoming the interest of...

GLOBAL PETROLEUM SHOW TO OFFER INTERNATIONAL PERSPECTIVES ON INDIGENOUS ENERGY RELATIONS, LOW CARBON INNOVATION...

Annual gathering to provide thought leadership and insight into the future of global energy affairs  CALGARY (April 6, 2017) – Global Petroleum Show (GPS), the...

FG, Shell, Agip to Sign FID for $13.5bn Zabazaba Deepwater Project in Q2 2017

The federal government, Shell and the Nigerian Agip Exploration Limited (NAE) will sign the Final Investment Decision (FID) for the $13.5 billion Zabazaba Deepwater...

Why engineers from across sub-Saharan Africa will head for the Western Cape in July

Cape Town is the hub of the oil & gas, midstream and downstream sectors for sub-Saharan Africa and the city hosts Oil & Gas...

Upstream Sector and the Imperative of Collaboration

By Dirisu Yakubu, Abuja, FCT The upstream sector of the Nigerian Petroleum industry holds the key to the present and future growth of the nation’s energy...

NOG 2017: Industry Stakeholders Sets Agenda in a Recessed Economy

            The Nigerian oil and gas industry holds the key to harnessing the nation’s growth potentials despite the downturn in the economy occasioned by...

NNPC to Improve Utilisation Capacity with Private Sector Collaboration

Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has called for improved private sector collaboration in order to improve petroleum capacity...

West Africa’s Oil & Gas Potentials Unlocked at WAIPEC 2017

The inaugural West African International Petroleum Conference and Exhibition (WAIPEC) has come and gone, providing delegates and visitors world-class conference program and exhibition. The two-day...

Aiteo expects OML29 gas to transform N’Delta into power generation hub

Integrated energy group, Aiteo says its significant gas resources at Oil Mining Lease, OML, 29 will transform the country’s oil-rich Niger Delta region into...

Angola Prepares Legislation on Local Content in the Oil Sector

The Angolan government is preparing a set of legal and economic measures on local content to ensure greater participation by domestic companies in providing...

OPEC partners IEF to End energy poverty in Africa

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, has met with Dr. Sun Xiansheng, Secretary General of the...

Total Nigeria Reports Stellar Revenue Growth

Total Nigeria – the petroleum marketing subsidiary of Total Group – reported today that its 2016 revenue rose by 40 per cent, driven mainly...

Shoreline Clean-up Assessment Techniques (SCAT) under the Bodo Mediation process: Putting the record straight

The Bodo Mediation Initiative (BMI) was established under the auspices of the former Dutch Ambassador who, until 2015 co-chaired the mediation process to...

Technology and Innovation Key to Leveraging Heavy Oil’s Untapped Potential, says Bapco Chief

Bahrain Prepares to Host the Second Edition of the Middle East Heavy Oil Congress Middle East Holds Nearly 1 Trillion Barrels of Heavy...

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