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30-10-2014 23:52:00 | by: Administrator | hits: 4606508 | Tags:

Indonesia to build refinery in Nigeria
22-06-2017 | 10:08:00
The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has started gaining momentum with an Indonesian firm, PT Intim Perkasa.
[Nigeria] Erin Energy Provides Drilling and Production Update
20-06-2017 | 10:11:00
Erin Energy Corporation has provided an update on its drilling operations that are expected to double production for the Company, as well as updated its plans for drilling one of its prime exploration prospects.
[Nigeria] NNPC crashes diesel price nationwide by 42%
19-06-2017 | 09:09:00
Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation.
Nigeria receives U.S.$3.7b revenue in taxes, royalties from Anglo-Dutch Shell Group
15-06-2017 | 12:24:00
The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties from Anglo-Dutch Shell Group.
Libya and Nigeria increase OPEC's production
14-06-2017 | 16:05:00
OPEC boosted its oil production in May as output recovered in Libya and Nigeria, two countries exempt from the group's recent deal to curb global supplies, new data shows.
Danish firm, DESMI, partners Nigeria on oil pollution cleaning
13-06-2017 | 11:50:00
To ensure that the oil producing environment in Nigeria is free of pollution from toxins, Danish oil firm, DESMI, has mapped out strategies to bring emergency response solutions to the country.
[Nigeria] NNPC Increases Gas Supply for Power Generation
12-06-2017 | 11:06:00
Efforts by the Federal Government to boost electric power generation in the country may soon yield the required dividend following the sustained increase in gas supply for power generation.
[Nigerian] NNPC Consolidates Use of ICT for Efficiency, Competitiveness
09-06-2017 | 09:45:00
The Group MD of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has said that NNPC was on the fast lane to attain efficiency and competitiveness through reliance on Information Technology.
[Kenya] Hass Petroleum Group sells 40 per cent stake to Oman Trading International
07-06-2017 | 10:10:00
Hass Petroleum Group has sold 40 per cent of its shares to Oman Trading International (OTI) in a move that will see the Kenyan oil marketing company embark on its strategic growth and expansion plans across the Eastern, Central and Horn of Africa.
[Nigeria] NNPC and Bayelsa to Collaborate on new Power Plant and Brass Fertilizer
05-06-2017 | 07:33:00
The Nigerian National Petroleum Corporation (NNPC) and the Bayelsa State Government are to build a power plant in the state.
[Tanzania] GE Signs Multiyear Agreement to Upgrade Gas Turbines at Songas' Ubungo Power Plant
01-06-2017 | 14:33:00
GE’s Power Services business and Songas signed a multiyear service agreement (MYA) to upgrade equipment at Songas’ Ubungo Power Plant in Dar es Salaam, Tanzania.
Indonesia seeks more crude oil from Nigeria
01-06-2017 | 09:46:00
Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria.
World Bank to Assist Senegal Negotiate Complex Oil & Gas Projects
01-06-2017 | 09:41:44
The World Bank will provide a $29 million IDA* credit to Senegal to strengthen the country’s institutional capacities to negotiate complex agreements in the extractive industries.
Add Energy Awarded £1m Contract with BP in Egypt
30-05-2017 | 09:53:32
Add Energy, the international energy consultancy provider, has been awarded a maintenance build contract worth more than £1m with BP for work on West Nile Delta.
[Nigeria] NNPC to Build Metering Plant to meet Egbin Power Plant Expansion
30-05-2017 | 03:12:30
​The Nigerian National Petroleum Corporation is to build 500million standard cubic feet of gas per day metering plant to serve the planned capacity expansion of Egbin Power Plant.
SNEPCo’s Bonga delivers 702 million oil barrels for Nigeria in 12 years
29-05-2017 | 11:15:00
The Bonga oil field has produced about 702 million barrels of oil since inauguration in 2005, and operated at more than 92 percent availability in 2016.
[Nigeria] NNPC Invites Chinese Investors for its R&D Venture
29-05-2017 | 09:55:00
The Nigerian National Petroleum Corporation has established contacts with some Chinese investors to partner in its Research and Development, R&D, venture.
Tullow discovers more oil in Kenya
25-05-2017 | 13:51:34
Tullow Oil plc has announced that the Emekuya-1 well in Block 13T, Northern Kenya has encountered around 75 metres of net oil pay in two zones.
Uganda and Tanzania sign oil pipeline agreement
25-05-2017 | 13:45:28
President Museveni and President Magufuli have signed the East African Crude Oil Pipe Line Agreement(EACOP) as an expression of intent to go ahead with the construction of the1400km oil pipe line from Hoima to Tanga port.
[Nigeria] 34 Firms Bid for NNPC Digitization Project
25-05-2017 | 10:05:00
The Nigerian National Petroleum Corporation (NNPC) on Tuesday received no fewer than 34 bids submitted by different companies for the digitization of legacy documents in the corporate headquarters.
[Equatorial Guinea] Bioko Oil Terminal regains momentum after agreement with Arabian Energy
24-05-2017 | 08:20:00
The Equatorial Guinea based Bioko Oil Terminal have gained key momentum following the signing of the agreement between government and Arabian Energy DMCC
[Nigeria] Products Supply to Improve as NNPC Revives Kano Depot Three Years After
23-05-2017 | 09:57:31
Petroleum products supply to the Northern part of the country received a boost yesterday as the Nigerian National Petroleum Corporation, NNPC, re-commissioned its Kano Depot, even amidst encomiums poured on the Corporation for reviving the facility.
Equatorial Guinea signs agreement with Saudi Arabia on construction of Bioko oil terminal
12-05-2017 | 11:16:49
Two global energy powers have met for the first Equatorial Guinea-Saudi Arabia Economic Forum, organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea.
[Nigeria] NNPC, Partners to Boost Domestic Gas Supply by 285%
11-05-2017 | 10:08:00
Nigerian National Petroleum Corporation (NNPC) and its partners have evolved a scheme to grow gas supply for domestic consumption by 285% from1.3billion standard cubic feet per day to 5bscf/d by 2020.
Iraq Exports First Shipment of Crude Oil to Egypt
09-05-2017 | 10:54:00
The ministry of oil has declared the exportation of the first shipment of crude oil, which was two million barrels to Egypt through the southern ports.
[Nigeria] Shell trains medical workers in emergency care in Anambra State
08-05-2017 | 10:20:00
Shell Nigeria Exploration and Production Company (SNEPCo) has facilitated the training of medical workers from hospitals in Anambra State on emergency resuscitation.
[Nigeria] 2019 Target of Exiting PMS Importation is Achievable - NNPC
04-05-2017 | 09:27:43
The 2019 target set by the Nigerian National Petroleum Corporation to exit importation of Premium Motor Spirit (PMS) is still achievable, Group Managing Director, Dr. Maikanti Kacalla Baru, has said.
[Nigeria] Oando Announces Q1 2017 Results, Posts N1.7b PAT
01-05-2017 | 10:02:00
Oando, Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced unaudited results for the three months period ended 31 March, 2017, with the following highlights:
Rockhopper Exploration commences Abu Sennan drilling campaign in Egypt
27-04-2017 | 12:30:00
Rockhopper Exploration, the oil and gas company with key interests in the North Falkland basin and the Greater Mediterranean region, has announced the commencement of the 2017 drilling campaign on the Abu Sennan Concession in Egypt, in which the Company has a 22% working interest.
GE picks Clarke Energy as a distributor of Jenbacher gas engines for six African countries
27-04-2017 | 11:02:33
To better serve the growing power and grid reliability needs in Africa, GE’s Distributed Power announced that it has recently signed an agreement with Clarke Energy to serve as GE’s distributor of Jenbacher gas engines for six additional countries in Africa, including Cote d’Ivoire, Democratic Republic of Congo, Ghana, Kenya, Morocco and Rwanda
[Nigeria] 37 Companies Bid for NNPC Firefighting Trucks
27-04-2017 | 10:37:00
No fewer than thirty-seven companies have submitted bids to supply six triple agent firefighting trucks for the operation of the Nigerian Pipelines and Storage Company.
Octant Energy Corp to acquire key oil blocks in Kenya and Tanzania from Afren oil
25-04-2017 | 10:27:00
Octant Energy Corp has announced that it has entered into three agreements with subsidiary companies of Afren PLC to acquire assets in Kenya and Tanzania. The assets include Kenya Block L17/L18, Kenya Block 1, and in Tanzania, the Tanga Block.
South Sudan opens up Blocks B1 and B2 to Negotiations
25-04-2017 | 10:13:00
South Sudan’s Ministry of Petroleum says it welcomes the interest of investors for direct negotiations on oil and gas in blocks B1 and B2.
[Egypt] Carbon Holdings picks Bechtel to deliver major petrochemicals project
24-04-2017 | 15:31:56
Bechtel, a global leader in engineering, procurement, and construction, has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site.
[Nigeria] NNPC Commences Diversification into Health Sector
21-04-2017 | 09:33:43
The Nigerian National Petroleum Corporation (NNPC) has raised the stake in its commitment to diversify into the health sector in line with the Corporation’s stand to stay afloat as a commercially viable entity.
Total signs new deal with Algeria's Sonatrach
19-04-2017 | 10:14:00
Sonatrach, Algeria’s state energy company, and Total, have signed a comprehensive agreement strengthening the existing partnership between the two companies.
Nigeria loses Africa's top oil producer position to Angola
19-04-2017 | 09:52:00
With the cumulative loss of 4.8 million barrels in the month under review put in cost at the prevailing $55.89 per barrel for Brent crude, Nigeria is estimated to have lost over $271.8 million (N82.8 billion).
Egypt to ink one million barrel/month oil supply deal with Iraq
17-04-2017 | 11:24:10
The Egyptian cabinet has agreed to purchase one million barrels of oil from Iraq monthly, according to a statement by the North African nation’s Oil Minister Tareq el-Molla on Tuesday.
Nigeria on track to expand oil output further
17-04-2017 | 11:04:00
As OPEC discusses a six-month extension of the oil production cut agreement that it struck in November, Nigeria plans to continue ramping up its own output.
[Nigeria] NNPC to Commercialize its Communication Network
13-04-2017 | 10:56:00
The Nigerian National Petroleum Corporation (NNPC) will commercialise some of its critical Information Communications & Technology (ICT) infrastructure in line with its bid to re-focus the Corporation as a commercially viable entity.
Bollore Transport & Logistics Cameroon to handle offshore gas project
13-04-2017 | 07:08:45
Following their nomination by the Société Nationale d’Hydrocarbures (SNH), French oil company Perenco has appointed Bolloré Transport & Logistics Cameroon for the management and logistical coordination of a gas power station expansion directly connected to a Floating Liquefied Natural Gas (FLNG) facility off the coast of Cameroon.
Nigeria's Oil Refining Capacity Increases by 29%
11-04-2017 | 10:58:30
The combined installed capacity utilization of the Nigerian National Petroleum Corporation’s refineries located in Port Harcourt, Warri and Kaduna increased by about 29 percentage points in January 2017 compared with their performance in December 2016.
[Nigeria] UK Supreme Court Grants Reprieve to NNPC over $100m Bank Guarantee
10-04-2017 | 10:11:00
The Supreme Court of the United Kingdom in a unanimous judgment has granted a reprieve to Nigerian National Petroleum Corporation, NNPC, over a $100million Bank guarantee in a case involving the Corporation and a service company, IPCO (Nigeria) Limited.
Oando Nigeria announces FYE 2016 results, posts N3.5b Profit After Tax
06-04-2017 | 10:43:00
Oando PLC Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced audited results for the year ended 31 December, 2016, with the following highlights:
Oil on water shrinks by 17% in early indication of OPEC cuts effect - Vortexa report
06-04-2017 | 09:50:00
Oil on water levels have reduced by as much as 17% since the beginning of the year according to new figures generated by Vortexa, a newly launched analytics platform focused on the oil markets.
Tanzania to unlock potential of natural gas resources with $29.8 million AfDB loan
06-04-2017 | 08:01:32
The African Development Bank (AfDB) has approved a U$29.8 Million loan to Tanzania to help the country mobilize domestic resources and unlock the potential of its natural gas resources through leveraging domestic markets and local content initiatives.
[Nigeria] SPDC links LiveWIRE beneficiaries to $800,000 growth fund
04-04-2017 | 13:31:00
Twenty-eight beneficiaries of the Shell Nigeria LiveWIRE programme are now retooling to get a good share of the $800,000 growth fund for 2017 provided by Grofin Investment.
Lloyd’s Register and GOSCO form joint venture to deliver services to Ghana oil and gas sector
04-04-2017 | 13:10:03
Lloyd’s Register has signed an agreement with GOSCO to form a joint venture dedicated to providing well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of Ghana.
[Gabon] Assala Energy acquires Shell assets for $587 million
03-04-2017 | 13:41:05
Assala Energy has announced the acquisition of Shell’s onshore assets in Gabon, Africa, for $587 million. Assala Energy will also assume associated liabilities, including a loan of $285 million. Assala Energy is a portfolio company owned by global alternative asset manager The Carlyle Group.
Nigeria Achieves 26 Per Cent Gas Flaring Reduction
03-04-2017 | 12:02:00
The Nigerian National Petroleum Corporation (NNPC) says it has succeeded in reducing gas flaring in the Country by 26 percentage points in the last ten years from 36 per cent to 10 per cent.
[Nigeria] NNPC to Transform into Integrated Energy Company
03-04-2017 | 09:48:00
The ongoing reform of the Nigerian National Petroleum Corporation is geared towards transforming it from an oil and gas company into an integrated energy outfit with interest in power generation and transmission.
[Algeria] SonaTrach to invest over $50 billion in oil exploration and production within five years
28-03-2017 | 13:42:00
The national hydrocarbon company SONATRACH will invest more than $50 billion from 2017 to 2021 in exploration projects and production, the vice president of the oil group for exploration and production activity, Salah Meknouche. Has said.
[Nigeria] Update on NNPC’s Recovery of Crude Swap Under-Deliveries: AITEO Settles $202m Outstanding Obligations
28-03-2017 | 09:28:22
In line with its pledge to provide members of the public with periodic updates on its recovery efforts for crude swap under deliveries, the Nigerian National Petroleum Corporation (NNPC) is pleased to confirm that it has now reached a final settlement with AITEO Group.
[Ghana] GE Oil & Gas opens new facility in Takoradi Port
22-03-2017 | 15:53:34
GE Oil & Gas opened a new facility in Takoradi Port, Ghana today, expanding its global footprint and supporting local investment.
[Egypt] SDX Energy commences drilling at South Disouq
22-03-2017 | 09:37:00
SDX Energy, the North Africa focused oil and gas company, has announced the commencement of drilling operations on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt.
[Nigeria] NNPC to Generate 4,000 Megawatts Power
21-03-2017 | 11:28:00
The Nigerian National Petroleum Corporation, NNPC will generate about 4, 000 megawatts of power in the next ten years to boost the supply in the country.
South Sudan and Equatorial Guinea in historic collaboration on oil and gas
21-03-2017 | 06:30:00
South Sudan and Equatorial Guinea announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers.
[Nigeria] NNPC Moves to Recover N11bn Missing Petrol from Capital Oil
20-03-2017 | 09:24:00
The Nigerian National Petroleum Corporation (NNPC) on Friday announced measures to achieve full recovery of over 130 million litres of Premium Motor Spirit (PMS), also known as petrol, stored in the facilities of two indigenous downstream operators, MRS Limited and Capital Oil & Gas Limited.
Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in one year
10-03-2017 | 12:34:55
Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29.
Nigeria Targets 10 per cent Global LNG Sales
07-03-2017 | 10:27:07
Nigeria is set to capture at least 10 per cent of the global market share of Liquefied Natural Gas, LNG, as part of the concerted efforts to harness the nation’s gas resources which currently stand at 192 Trillion Cubic Feet of proven reserve.
Oranto launches $500 million oil exploration campaign in South Sudan
06-03-2017 | 16:00:34
Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the block in Juba.
[Nigeria] NPDC’s Daily Crude Oil Production to Rise to half a million bpd
06-03-2017 | 09:34:44
The Nigerian National Petroleum Corporation, NNPC has expressed its commitment to grow the Nigerian Petroleum Development Company’s, NPDC, crude oil production to 500,000 barrels per day by 2020.
Africa industrial valves market to surpass $4 billion by 2021, research
02-03-2017 | 16:34:04
Recovering oil & gas sector and growing focus towards industrial expansion by various countries in the region will drive demand for industrial valves in Africa through 2021.
[Nigeria] NNPC Achieves 71 Per Cent Savings in Deep Offshore Rig-rate
27-02-2017 | 10:09:06
The Nigerian National Petroleum Corporation has renegotiated its deep offshore rig-rate from a staggering $580,000 to $164,000 per day, saving the country a 71.7 per cent cost of executing a similar operation in the past.
[Angola] Chevron commits to invest in liquefied natural gas project
23-02-2017 | 10:15:00
Chevron, one of the world's largest energy companies, has pledged to continue investing in the production project of Liquefied Natural Gas (LNG) based in Soyo, northern Zaire province according to its deputy Executive chairperson, Jay Johnson.
19 Nigerian academics conduct research in Shell sabbatical program
21-02-2017 | 11:32:55
A total of 19 academics from different universities in Nigeria have begun research attachments in several fields of study in the latest phase of the sabbatical and internship programme of The Shell Petroleum Development Company Nigeria Limited (SPDC) Joint Venture, which was introduced in 1980.
[Kenya] Hashi Energy to sell its Tanzania retail business to Lake Oil Limited
21-02-2017 | 06:33:00
Oil marketing company Hashi Energy has announced plans to offload its petrol stations in Tanzania to Lake Oil Limited after a nod from the Competition Authority of Kenya.
[Nigeria] NNPC Records Massive Reduction in Pipeline Vandalism
20-02-2017 | 11:00:00
The Nigerian National Petroleum Corporation (NNPC) recorded a marked reduction in the cases of pipeline sabotage.
Bowmans grows Oil & Gas offering with key partner appointment
17-02-2017 | 10:00:49
Leading pan-African law firm, Bowmans, has appointed London-based lawyer, Nicolas Bonnefoy, as a partner in its Oil & Gas Sector Group.
[Nigeria] NNPC Announces Measures to Sustain Products Supply Nationwide
14-02-2017 | 15:18:00
The Nigerian National Petroleum Corporation has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nationwide.
Egypt pays Italy's Eni $630 mln for Zohr gas field development
13-02-2017 | 09:55:00
The Central Bank of Egypt (CBE) said on Tuesday it has paid the government’s financial obligation to Italian energy company Eni for the development of the giant Zohr gas field discovered off the Mediterranean coast in 2015.
Engie commits to West African Renewables and access power launch $7m competition
13-02-2017 | 09:03:00
The first part of the agreement between ENGIE and ANER involves the development of solar energy for individuals in multi-occupancy or individual housing.
[Nigeria] NNPC to implement BUFA, a framework aimed at efficiency, profitability
09-02-2017 | 09:33:00
The Nigerian National Petroleum Corporation is set to implement a lead policy framework, the 12 Business Focus Areas (BUFA), aimed at institutionalizing efficiency, profitability and growth in the Corporation.
[Kenya] GL Africa Energy wins $375 million tender to build gas plant in Mozambique
06-02-2017 | 15:10:00
A UK based company established by a Kenyan entrepreneur, GL Africa Energy, has been awarded a $375 million tender to build and operate a 250 megawatt gas-powered plant in Mozambique
Egypt to finalise oil import deal with Iraq in February
06-02-2017 | 12:30:00
Head of Egypt's state oil company EGPC Tarek El-Hadidi said an Egyptian delegation will visit Iraq this month to finalise a crude oil import deal.
Republic of Congo to receive $250 million Afreximbank support for oil fields strategic plan
06-02-2017 | 12:15:00
The African Export-Import Bank (Afreximbank) and the Government of the Republic of Congo have signed a facility agreement under which the Bank will provide $250 million in future flow pre-financing to meet the Government’s strategic plan for its oil fields.
[Nigeria] 128 Companies Bid for NNPC DSDP Crude Import Program
06-02-2017 | 10:00:00
No fewer than 128 Indigenous and International Oil and Gas companies have indicated interest to participate in the Nigerian National Petroleum Corporation’s (NNPC) Direct Sale of Crude Oil and Direct Purchase of Products (DSDP) program.