30-10-2014 23:52:00 | by: Default Admin User | hits: 4487469 | Tags:

[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.