Orient Energy Review - Covering Local Content In The Oil And Gas Sector Across Africa And Beyound

Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has explained that the 2020 national budget estimate was based on $57 per barrel in order to contain the price shocks from expected oil glut of 2020. The…

Nigerian National Assembly has expressed the zeal to pass the Production Sharing Contract bill into law even as a precursor to the determination of the Petroleum Industry Bill (PIB). Chairman of the National Assembly, Senator Ahmad…

Mozambique shot into the global oil and gas limelight with the announcement of its second Final Investment Decision (FID) on the $20billion Mozambique LNG project, in just two years. The development has officially positioned the country…

The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said that the ongoing forensic audit of statutory remittances by oil and gas companies into the Nigerian Content Development Fund…

The operational licences of eight out of the 11 Electricity Distribution Companies (DisCos) in Nigeria would be on the line if they fail within two months to correct the ‘breaches of the terms and conditions of their power…

Nigeria confirms oil discovery in Gongola Basin The prolonged search for oil in the North-Eastern part of Nigeria has paid off with the announcement last weekend by the Nigerian National Petroleum Corporation (NNPC) of the discovery of…

It has been confirmed that the fire outbreak which occurred last Monday at Oil Mining Lease (OML) 20 in Egbema-West, Imo State, was caused by a spark which ignited the fire during a bunkering activity by vandals. OML 20 is a small…

…says oil & gas discoveries should translate to energy efficiency in Africa The Minister of Mineral Resources & Energy, South Africa, of H.E. Gwede Mantashe has called for collaborative action among African oil-producing…

…South Sudan Assures OPEC of Compliance with DoC Agreement Nigeria is mobilizing African oil-producing countries in a new move geared towards ensuring that the continent benefits maximally from hydrocarbon deposits locked…

President of South Sudan, Sylva Kiir Mayardit, has commended Nigeria on the continued leadership towards galvanizing African oil producers to stabilize the global oil market for the benefit of the continent. President Kiir gave the…