Oil and gas exploration multinational Eni has announced that a new concession agreement has received approval by Egyptian authorities.
Malaysian oil and gas company Petronas through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with Total E&P Senegal SAS, a subsidiary of Total, to acquire a 30% participating interest in the Rufisque Offshore Profond block.
Oil and gas executives and business leaders drawn from the oil and gas value chain will be gathering in Dar es Salaam, Tanzania, on Friday, 17th August 2018, for the launch of the Upstream Oil & Gas Awards.
The Commission of the Economic Community of West African States (ECOWAS) has moved to validate its regional strategy for the popularization of Liquefied Petroleum Gas (LPG) in West Africa.
From September 5-7, 2018 in Cape Town, Africa Oil & Power will welcome the Secretary Generals of the Organization of the Petroleum Exporting Countries.
Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda, NBS Television and National Environmental Management Authority have developed and launched an environmental campaign
The Management of the Nigerian National Petroleum Corporation (NNPC) has distanced the national oil company and its Group Managing Director, Maikanti Baru, from the ongoing political tango in the National Assembly.
The African Export-Import Bank (Afreximbank) has disbursed the sum of $200 million to the Egyptian General Petroleum Corporation (EGPC) to support EGPC's investment in the Middle East Oil Refinery Company.
The Kenya Pipeline Company (KPC) has completed the migration of its manual procurement to the new Supplier Relationship Management (SRM) platform.
The General managers of SITARAIL, Quentin Gerard, the Ivorian Refining Company, Thomas Camara and the Burkinabe National Hydrocarbons Company, Hilaire Kabore, have signed an agreement to develop the supply and transport of petroleum products.
Total has started up production of Kaombo, currently the biggest deep offshore development in Angola, located on Block 32, 260 kilometers off the coast of Luanda.
Oando has announced its unaudited results for the six months period ended June 30, 2018. Commenting on the results Wale Tinubu, Group Chief Executive, Oando PLC said:
Sonatrach is in talks with oil majors and trading firms to start a trading joint venture after the Algerian state energy company reached a deal this year to buy its first overseas refinery, its chief executive said.
Shell Exploration and Production Mauritania (C-10) B.V. and Shell Exploration and Production Mauritania (C-19) B.V. have signed two Production Sharing Contracts with the government of Mauritania for the exploration of hydrocarbons in the offshore blocks C-10 and C-19.
Mastercard has partnered with Selcom to enable local businesses and merchants to accept interoperable digital payments, many for the first time.
The Chairman and General Director of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement that represents a further step towards the strengthening of their partnership in the Berkine basin.
SDX Energy Inc., the North Africa focused oil and gas company has announced that through its subsidiary SDX Energy Morocco Limited, has signed a facility agreement with the European Bank for Reconstruction and Development.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators to cancel all contracts with Canadian-based CHC Helicopters due to noncompliance of Equatorial Guinea’s national content regulations.
Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields.
The Nigerian National Petroleum Corporation has commenced comprehensive community integration and stakeholders’ engagement to sensitize dwellers of Iwure, Ojor and Osomba/Akin communities of Cross River State.
UK based energy company TechnipFMC has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 and 1,000 meters.
The Management of China National Offshore Oil Corporation has expressed readiness to invest additional $3billion in its existing stakes in offshore oil and gas operations in the Nigerian jurisdiction.
Global energy and commodity price-reporting agency Argus has launched daily price indexes for a range of fuels in South Africa, improving market transparency.
A subsidiary of Weatherford International plc has signed a definitive agreement with ADES International Holding Ltd. for the sale of Weatherford's land drilling rig operations in Algeria.
American Block, a global designer, and manufacturer of oilfield drilling, well servicing, and marine lifting equipment, has expanded distribution in Nigeria through partnership with Oiltools Africa, an AOS Orwell company.
Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa.
The 7CGDP is an integral leg of the gas development strategy designed by the Nigerian National Petroleum Corporation to leverage the full potential of gas to meet the target of generating at least 15 gigawatts of electricity by 2020.
In order to significantly widen the access to world class pharmacy and health hub (wellness centre) services to Ugandans, Vivo Energy Uganda has signed a partnership agreement with GoodLife Pharmacy.
Eni has started gas production from the Sankofa field in the Offshore Cape Three Points (OCTP) Integrated Oil and Gas Project, in Ghana, on schedule during the past weekend.
NNPC Retail, the downstream subsidiary of the Nigerian National Petroleum Corporation, has embarked on nationwide audit of its field operation to ensure all delisted trucks are in compliance with the requirement to remove the company’s logo and other brand attributes.
Eni and ExxonMobil have announced that marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the gas fields of the Area 4 block offshore Mozambique.
After signing the tripartite term sheet for the financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, a final nod was given to the package.
Eni announces a new oil discovery in Block 15/06, in the Kalimba exploration prospect, in Angola’s deep offshore. The new discovery is estimated to contain between 230 and 300 million barrels of light oil in place.
The Nigerian National Petroleum Corporation has justified its N147billion June remittance to the Federation Accounts and Allocation Committee, saying it is in line with the terms of agreement it had with governors on the matter.
The breakneck economic growth that Angola enjoyed following the end to decades of civil conflict in 2002 came to a sudden stop when the price of oil crashed in 2014.
Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country.
Afam VI power plant in Rivers State is ready to deliver its net dependable capacity of 624MW into the Nigerian national grid barring any regulator’s restrictions.
As part of its strategic aspirations to derive maximum value from Nigeria’s abundant natural gas resources, the Federal Government is targeting 10 per cent of the world’s market share in traded Liquefied Natural Gas.
Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country.
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.