The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry.
UNCTAD is running a workshop in Angola with government officials, business managers and industry representatives to identify economic sectors that could help soften Angola's dependence on oil exports.
The U.S. Trade and Development Agency has awarded a grant to the City of Cape Town for a feasibility study to assess the viability of a natural gas distribution network in Cape Town and usage options for the gas.
The dramatic drop in oil prices that started in mid-2014 substantially reduced tax revenues and exports, with growth coming to a halt and inflation accelerating sharply.
CGG has completed acquisition of 15,400 km2 of 3D marine seismic data in the outer Zambezi Delta Basin, west of the Beira High.
Communities in Bayelsa State received a total sum of N21.71 billion from the Shell Petroleum Development Company of Nigeria operated joint venture for development projects between 2006 and 2017.
President Uhuru Kenyatta has flagged off the first consignment of crude oil destined for export from Kenya, which will lead to oil becoming a major contributor to the nation’s economy.
At first glance, one cannot help but notice that Nigeria is prime ground for investment. Any doubts as to that fact are dissolved when you examine the sheer number of startups being funded, especially in the ICT sector.
Oil & Gas are back and that means that also market research in oil & gas are back
Icertis, the global provider of enterprise contract management in the cloud, has announced that MODEC, has selected the Icertis Contract Management platform to replace their manual contract management processes in Ghana
BlockchainK2 Corp., formerly Africa Hydrocarbons Inc. has completed its previously announced “Change of Business” transaction.
The Nigerian National Petroleum Corporation’s Downstream subsidiary, NNPC Retail, has been directed to target 30 per cent market share of petroleum products distribution business in Nigeria’s Downstream Petroleum Sector by 2020.
The Nigerian National Petroleum Corporation and its Joint Venture Partner, Nigeria Agip Oil Company Limited, have pledged their commitment to implement the Okpai Phase 2 Project to shore up the current power generation with 500 megawatts of power.
Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda, together with the Chinese business community have held a business forum to discuss greater partnerships and investment opportunities in Uganda.
A total of N14.86 billion has been invested by the Shell Petroleum Development Company of Nigeria operated Joint venture on Global Memorandum of Understanding (GMoU) clusters in Rivers State.
The Nigerian National Petroleum Corporation and the Nigerian Ports Authority have expressed readiness to ensure seamless reception of petroleum products into the various ports across the country.
The GLACCNR coalition is ready to mobilise and work with host communities to resist plans by Uganda and the DRC to conduct oil activities in the Greater Virunga
Shell Nigeria Gas has increased its domestic gas distribution capacity by 150% over the last six months.
The Nigerian oil and gas scene remains as active as ever, with changes surfacing on an almost daily basis. Last week saw the country’s first Marine Engineering Center commence its programs of 18 month academic and field work, which will lead to a masters in Marine Engineering.
The Nigerian National Petroleum Corporation has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly.
Representatives from Angola have joined international experts in Geneva, Switzerland to explore the dynamics of trade in services, and consider new ways to harness services trade for more sustainable growth.
Vivo Energy has attained a secondary listing on the Main Board of the JSE. The company listed in the "Speciality Retails" sector and is the fourth company to list this year.
Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017.
Some 290 Nigerian contractors have received loans worth about N472b under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates.
The NNPC has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its Crude Oil Marketing Division, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC).
Marathon Oil signs agreement to process third party volumes through existing Equatorial Guinea infrastructure
Marathon Oil Corporation has executed a Heads of Agreement with the Government of the Republic of Equatorial Guinea and necessary third parties establishing the framework for processing third-party natural gas volumes.
The pioneer post graduate students at the Marine and Offshore Engineering Centre of Excellence have commenced studies at Rivers State University, Port Harcourt, involving 18-month academic and field work.
The Nigerian National Petroleum Corporation (NNPC) said Downstream subsidiary, the NNPC Retail Limited, now holds 14 per cent of the market share of petroleum products retail business in Nigeria.
Algeria’s largest oil company Sonatrach has picked technologies from Honeywell UOP to expand the Skikda Refinery on the eastern Mediterranean coast of Algeria.
Vivo Energy Mauritius, the company that distributes and sells Shell products, and the Titanium Travel Club travel agency have announced the beginning of a commercial partnership for the travel sector.
SDX Energy Inc., the North Africa focused oil and gas company, has discovered natural gas at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco.
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has announced a three-point smart strategy aimed at ending gas flaring in the nation’s Oil and Gas Industry.
Canadian oil and gas company Africa Oil Corp has acquired 144,956,250 common shares of Africa Energy Corp. for CAD$0.16 per common share.
Expansion in oil output and continued steady growth in agriculture assisted Nigeria emerge from recession in 2017, a World Bank Nigeria Bi-annual Economic Update has stated.
Data company ION Geophysical Corporation has begun a new 2D multi-client program offshore Ghana in partnership with Geoex and Ghana Geophysical.
Oil and gas company Africa Energy Corp has announced that Nasdaq has approved the Company’s application for a secondary listing of its common shares on Nasdaq First North Stockholm.
Italian multinational oil and gas company Eni has announced the start-up of the second production unit of the Zohr project in Egypt.
The Republic of the Congo has suffered dearly during the oil collapse; and Congolese President Denis Nguesso has pledged that the country would no longer be sitting on the side lines, suffering the effects of global decision-making in the oil industry without a voice.
Oando, Nigerian energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced audited results for the three months period ended March 31, 2017.
GAC South Africa has opened its fifth branch, to provide a portfolio of shipping services for oil & gas projects and LPG shipments at Port Elizabeth as well as its neighbouring port Ngqura
Following the favourable evaluation of its private sector-led offer by the Uganda Government a consortium of firms has signed an agreement confirming selection for the realization of a 60,000 barrels per day capacity refinery with a project estimated value of around $3 billion.
Nigeria’s Ministry of Petroleum has approved the recommendation by the Department of Petroleum Resources to revoke three Oil Mining Leases operated by Shell Petroleum Development Company, a local arm of Shell, the Anglo Dutch major.
Anglophone West African countries weather odds to project bright economic prospects, Ecobank research
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.
The Chairman of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, have signed a series of agreements aimed at strengthening the integration between the two companies.
Vivo Energy Maroc, the company in charge of the marketing and distribution of Shell brand fuels and lubricants in Morocco and Butagaz brand Liquefied Petroleum Gas, has reached 500,000 members for its Shell Club Fidelity program.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation was committed to supporting local investors towards growing the engineering profession.
Global process oil demand is forecast to grow 1.4 per cent per year to 7.2 million metric tons in 2021.
The European Union and UNCTAD have launched a four-year, $6.9m project aimed at helping Angola diversify its economy and reduce its dependence on oil, which accounts for a whopping 93% of total merchandise exports.
The National Engineering and Technical Company Limited (NETCO) has recorded a profit before tax of N3.257 billion for 2017 financial year.
Uganda secures a $4 million oil refinery deal, following African Legal Support Facility intervention
With the support of the African Legal Support Facility (ALSF), the Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a $4-billion refinery in the country’s Hoima district.
Vivo Energy Namibia, the company that markets and distributes Shell fuels and lubricants in Namibia, has launched the Shell Fuel Card to the market.
SDX Energy Inc., the North Africa focused oil and gas company, has discovered gas at its Ibn Yunus-1X exploration well at South Disouq, Egypt.
Egypt’s non-oil exports recorded $3.8 billion in the first two months of 2018, with an increase of $500 million, compared to $3.3 billion in the same months of 2017, according to General Organization for Export and Import Control.
In its bid to ensure that Nigerians enjoy the benefits of steady supply and distribution of petroleum products, the Nigerian National Petroleum Corporation (NNPC) is working assiduously to expand its network of retail stations nationwide.
No fewer than 160 firms of professional estate surveyors and valuers participated in the bid to provide the Nigerian National Petroleum Corporation (NNPC) with valuation and land acquisition services.
The Nigerian National Petroleum Corporation (NNPC) has executed contracts for the engineering, procurement, construction, commissioning and financing for Lots 1&3 of the 40inch x 614km Ajaokuta - Kaduna - Kano gas pipeline and stations.
Oil marketer KenolKobil has launched a new fuel application, K-Wallet, an easy-to-use fuel management app that adds convenience to both individual and corporate customers.
Egypt’s Petroleum Ministry achieved around 800 new oil and gas discoveries starting fiscal year (FY) 2001/02 and until 2015/16.
For decades, Nigeria's economy has been based on oil. The government is now moving away from its black gold dependence to open its economy up to diversification.
Vivo Energy Uganda has opened seven new Shell service stations in Uganda, bringing the total country network number to 140 service stations to date.
Nigeria’s economy is exiting a painful recession, but policy implementation needs to move quickly and comprehensively to facilitate economic recovery and help the country reap its longer-term potential.
His Excellency Dr. Mohammed Amin Adam, Deputy Minister (Petroleum), Ghana, and Alhassan Tampuli, Chief Executive Officer, National Petroleum Authority (NPA) will participate in on stage interviews at the Argus West Africa LPG conference and exhibition on 9 – 10 May in Accra, Ghana.
The Nigerian National Petroleum Corporation and the Enugu State Government have pledged to work together to revamp the strategic Enugu Depot towards meeting the petroleum products demand of the entire South-East region and beyond.
The Nigerian National Petroleum Corporation has expressed its readiness to collaborate with the Nigerian Mining & Geosciences Society towards growing the nation’s abundant hydrocarbon reserves.
Petrogress, Inc. has announced that its Petrogress Co. Limited subsidiary has entered into a Partnership Agreement with Platon Gas Oil Ghana Limited, a limited liability company incorporated in Ghana.
The Nigerian National Petroleum Corporation is poised to go paperless in its operations within the shortest possible time.
Eni and Sonangol have started oil production from the Ochigufu project, in Block 15/06 of Angola’s deep offshore.
SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 5 Well in the West Gharib Concession in Egypt.
International oil and gas company with principal focus in North Africa has discovered gas at its SAH-2 well on the Sebou permit in Morocco.
The Nigerian National Petroleum Corporation (NNPC) has brought down the cost of producing a barrel of crude oil to $20, even as it now targets producing the black gold at $15 per barrel.
Canadian oil and gas company Africa Oil Corp has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa.
Africa Energy Corp has announced the renewal of Petroleum Exploration License offshore the Republic of Namibia and the signing of a rig contract.
Indonesia has expressed the desire to buy more crude oil from Nigeria, a request having been made by the Head of Economic Affairs of the Indonesian Embassy.
Italian multinational oil and gas company Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10% stake in the Shorouk concession, offshore Egypt, where Zohr's super-giant gas field is located.
The Nigerian National Petroleum Corporation (NNPC) recorded total export receipts of $476.25m in December, 2017, from sale of crude oil and gas as against $201.11m in November, 2017.
The Nigerian National Petroleum Corporation has identified Seven Critical Gas Development Projects (7CGDP) scheduled to deliver about 3.4billion standard cubic feet of gas per day on an accelerated basis to bridge a projected medium term supply gap by 2020.
Petrogress Int’l, LLC, a subsidiary of Petrogress, Inc. has entered into a Memorandum of Understanding and a Partnership Agreement with A&E Petroleum Co. Limited, a Nigerian corporation.
[Mozambique] Anadarko petroleum announces sale and purchase agreement of natural gas with with Électricité de France
Anadarko Petroleum Corporation has announced MozambiqueLNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Électricité de France.
Kosmos Energy hails approval of inter governmental cooperation between Mauritania and Senegal on gas exploration
International oil company, Kosmos Energy has confirmed that the governments of Mauritania and Senegal have signed an agreement enabling development of cross-border Tortue natural gas field to continue moving forward.
American petroleum and natural gas exploration and production company Noble Energy, Inc. has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.
SloanLED, a company providing LED technology, has won a national rollout LED lighting upgrade with Engen, one of Africa’s leading energy companies.
General Electric’s power service business has signed a Multi- year Service Agreement with Shell Petroleum for its 650MW Afam VI combined cycle power plant located in the South-eastern part of the country.
Integrated oil and gas company Total has signed an agreement to sell a 25 per cent interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum.
American oil international company Kosmos Energy has completed drilling the Requin Tigre-1 exploration well located in Senegal’s Saint Louis Offshore Profond block.
Oando hereby notifies the shareholders and other stakeholders of the appointment of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer.
Erin Energy Corporation today announced that it has completed the drilling of the Oyo-NW well and, based on preliminary evaluation, it has discovered hydrocarbons in the Miocene Formation.
As the largest producer in West Africa, Nigeria is quickly becoming a hotspot for well intervention activity
The Nigerian National Petroleum Corporation Monday in Abuja revealed that the Nigerian Federation was indebted to the corporation to the tune of N170.6 billion outstanding subsidy payments due from January 2006 to December, 2015.
French firm Total SA has committed to invest in the Lokichar-Lamu pipeline, boosting Kenya’s efforts to develop its own oil fields and realize its ambition of joining the league of oil exporters.
The Nigerian Petroleum Development Company, one of the upstream subsidiaries of the Nigerian National Petroleum Corporation, will increase its daily crude oil production to 500,000 barrels per day before 2022.
Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Middle East & Africa, has received an order from the state-owned Egyptian Natural Gas Company, operator of the country’s national gas grid, to supply a gas pipeline management and control system.
Oando has appointed Alhaji Bukar Aji OON as a Non-Executive Director of the Company in accordance with Article 88 of the Company’s articles of association, effective as 19 January, 2018.
[Burkina Faso] African Legal Support Facility trains WAEMU members in oil exploration and opportunities
The African Legal Support Facility (ALSF) organized two workshops in Ouagadougou, Burkina Faso, on best practices for managing oil and mining exploration and exploitation contracts.
The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, 2017.
French oil firm Total SA has confirmed its commitment to the Lokichar to Lamu oil pipeline as the only evacuation route for Kenya’s crude from the Lokichar fields.
Nigerian National Petroleum Corporation (NNPC) is to build more depots across the Country.
The Nigerian National Petroleum Corporation (NNPC) is eyeing massive investments in the nation’s Oil and Gas Industry with a view to improving the nation’s revenue and creating jobs for the citizenry.
[Tanzania] Orca Exploration announces closing of the first tranche of the Swala Oil and Gas investment
Natural gas exploration company Orca Exploration Group says the escrow release conditions have been met regarding the first tranche of the previously announced investment of up to $130 million by Swala Oil & Gas Tanzania in the Orca Group.
International energy company ExxonMobil has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block.
The Nigerian National Petroleum Corporation says it is ready to collaborate with the Association of Professional Women Engineers of Nigeria (APWEN) to encourage female children to study Engineering.