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.
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.
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.
The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties from Anglo-Dutch Shell Group.
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.
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.
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.
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.
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.
The Nigerian National Petroleum Corporation (NNPC) and the Bayelsa State Government are to build a power plant in the state.
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, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria.
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, the international energy consultancy provider, has been awarded a maintenance build contract worth more than £1m with BP for work on West Nile Delta.
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.
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.
The Nigerian National Petroleum Corporation has established contacts with some Chinese investors to partner in its Research and Development, R&D, venture.
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.
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.
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.
The Equatorial Guinea based Bioko Oil Terminal have gained key momentum following the signing of the agreement between government and Arabian Energy DMCC
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.
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.
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.
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.
Shell Nigeria Exploration and Production Company (SNEPCo) has facilitated the training of medical workers from hospitals in Anambra State on emergency resuscitation.
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.
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, 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.
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
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 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’s Ministry of Petroleum says it welcomes the interest of investors for direct negotiations on oil and gas in blocks B1 and B2.
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.
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.
Sonatrach, Algeria’s state energy company, and Total, have signed a comprehensive agreement strengthening the existing partnership between the two companies.
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).
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.
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.
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.
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.
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.
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 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 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.
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.
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 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.
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.
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.
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.
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
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.
GE Oil & Gas opened a new facility in Takoradi Port, Ghana today, expanding its global footprint and supporting local investment.
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.
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 announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers.
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.
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 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 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.
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.
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.
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.
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.
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.
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.
The Nigerian National Petroleum Corporation (NNPC) recorded a marked reduction in the cases of pipeline sabotage.
Leading pan-African law firm, Bowmans, has appointed London-based lawyer, Nicolas Bonnefoy, as a partner in its Oil & Gas Sector Group.
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.
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.
The first part of the agreement between ENGIE and ANER involves the development of solar energy for individuals in multi-occupancy or individual housing.
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.
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
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.
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.
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.