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.
With production decline a common challenge to offshore production in mature fields globally, operators in West Africa are taking advantage of innovative technical developments
Oil marketer KenolKobil PLC has appointed Mr. Martin Kimani as the General Manager for Kenya.
South African Government reaches agreement on potential acquisition of Chevron South Africa by Sinopec
Sinopec - one of China's largest state-owned companies - has undertaken to invest R6 billion in South Africa to upgrade and modernize the Cape Town-based oil refinery owned by Chevron South Africa.
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria Limited.
A total of 254 indigenous and foreign owned entities have submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil term contracts.
The creation of a new Oil and Gas Free Zone in Nigeria will become Africa’s largest petrochemical processing hub - paving the way for renewed foreign investment in the region.
The Escravos-Lagos Pipeline which came down last week as a result of a fire incident has been restored and gas supply to customers on the line including power generating companies resumed.
Orca Exploration Group Inc. has executed and delivered into escrow definitive agreements providing for an up to $130 million investment by Swala Oil & Gas Tanzania plc in the Orca Group.
The Nigerian National Petroleum Corporation has no plan to execute an increase in the pump price of Premium Motor Spirit, otherwise called petrol.
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor, in consortium with MAN Diesel and Turbo, has been awarded a US$150.26mn contract to build a 120MW gas-fired power plant in Benin.
Repsol has started production from the Reggane Nord gas fields in Algeria, marking the completion of one of the company’s most significant projects in Africa.
Al-Mansour Automotive, official distributor of Chevrolet and Opel vehicles in Egypt, signed a partnership contract with Shell Egypt to be the exclusive engine oils and lubricants supplier of the company’s service centres.
The Federal Government has approved the establishment of a Liquefied Petroleum Gas extraction plant at Ikuru Town in Rivers state for Green Energy International Ltd, the Operator of the Otakikpo marginal field in OML 11.
The gas plant at Abu-Attifel Field in Libya resumed production on 27 December 2017, after the completion of its maintenance, said NOC National Oil.
The Nigerian National Petroleum Corporation, through its Downstream subsidiary, the Petroleum Products Marketing Company, sold and distributed a total of 1.352.86 billion litres of white products across the country in October, 2017.
The Rivers State Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the Greater Port Harcourt area and its environs.
The Nigerian National Petroleum Corporation (NNPC) has achieved 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of Nigeria’s crude oil across the world.
As part of a program to improve the competitiveness of local businesses, the United States Agency for International Development (USAID) and the Government of Ghana have held a conference for stakeholders in the oil and gas sector.
The Nigerian National Petroleum Corporation distributed and sold about 1.3billion litres of petroleum products throughout the country in the month of September, 2017.
The Angolan National Concessionaire Sociedade Nacional de Combustíveis de Angola, Sonangol, and Cobalt International Energy have signed an agreement to resolve all disputes and transition Cobalt’s interests in Blocks 20 and 21 offshore Angola.
Nigerian High Court grants Aiteo’s Benedict Peters global judgment in rem - declares earnings legitimate
The High Court sitting in the Federal Capital Territory, Nigeria has declared that earnings and assets accruing to Oil magnate and Aiteo Energy boss, Benedict Peters were acquired legally through legitimate sources.
The Chairman and General Director of Sonatrach Abdelmoumen Ould Kaddour and the Chief Executive Officer of Eni Claudio Descalzi have signed in Aa Memorandum of Understanding for the development of a partnership in the renewables sector in Algiers.
[South Africa] Fluor picked for construction management contract of Vopak fuel storage terminal in Durban
Fluor Corporation has been awarded an engineering, procurement and construction management contract by Vopak Terminal Durban (Pty) Ltd. to deliver the Vopak Growth 4 Project in Durban, South Africa.
The Nigerian National Petroleum Corporation (NNPC) has stated that its adoption of a 24-hour depot and retail services cleared the fuel queues in Abuja, Lagos and many states across the country.
ExxonMobil has completed a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
[Nigeria] NNPC assures local investors of support as multi-million naira tank farm opens in Ogun State
The Nigerian National Petroleum Corporation (NNPC) will continue to offer unflinching support to indigenous private investors in the nation’s Oil & Gas Industry.
The Nigerian National Petroleum Corporation consolidated on its tradition of openness and on Tuesday with the public harvesting and opening of 577 bids submitted by firms seeking to secure the insurance renewal contract for the Corporation’s oil and non-oil assets.
Erin Energy Corporation today announced it has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, asixth-generation drilling rig, on the Company’s offshore Nigeria block 120.
Vivo Energy Holding B.V. has agreed to enter into a share transaction with Engen Holdings (Pty) Limited, a 100% subsidiary of Engen Limited, in relation to the purchase of shares in Engen International Holdings (Mauritius) Limited.
The Prime Minister of Italy Paolo Gentiloni and the CEO of Eni Claudio Descalzi visited the FPSO Kufuor, the Floating Production, Storage and Offloading unit in Ghana’s offshore.
Shell and bio-bean are helping to power some of London’s buses using a biofuel made partly from waste coffee grounds, a development that has triggered renewed challenge to Nigerian beneficiaries of Shell’s LiveWIRE program.
Africa Oil Corp has entered into a strategic partnership with Eco Atlantic Oil and Gas Ltd. for exploration in West Africa and Guyana.
At a time that international crude oil market is getting more competitive, the Hungarian Government has indicated interest to purchase crude oil and Liquefied Natural Gas from Nigeria.
Tullow Oil is pleased to announce that it has completed the refinancing of US$2.5 billion of Reserves Based Lending credit facilities.
The retail arm of the Nigerian National Petroleum Corporation, NNPC Retail Limited, has declared it determination to promote the consumption of Liquefied Petroleum Gas, otherwise called cooking gas.
The Nigeria Electricity Regulatory Commission has renewed the power generation licence for Afam VI Power Plant, a 650MW-capacity facility that has delivered over 25.97 million Megawatt-hour (MWh) of electricity into the Nigerian grid since inception in 2008.
Eni becomes operator of Cabinda North, strengthens presence in upstream, downstream, trading and renewable sectors in Angola
Eni’s CEO Claudio Descalzi and Sonangol’s Chairman of the Board of Directors Carlos Saturnino have signed an agreement that assigns operatorship of Cabinda North block to Eni, as well as 48% the block’s rights.
The Nigerian National Petroleum Corporation has said the Federal Government’s 2.3 million barrels per day crude oil projection for the 2018 Budget is achievable and realistic.
The Nigerian National Petroleum Corporation has signed a Memorandum of Understanding (MoU) with the Kebbi State Government to build an 84 million litres per annum capacity fuel-ethanol project.
The Nigerian National Petroleum Corporation has secured a total of $3.7bn in Alternative Financing Agreement in the last three years.
The Nigerian National Petroleum Corporation has so far completed, commissioned and delivered 500km of gas pipelines between 2010 to date as part of an aggressive expansion of gas pipeline infrastructure across the country.