African oil and gas news: production, upstream investment, refining, licensing rounds and energy policy across producing countries.
Nigerian state oil company NNPC has signed a $1.04 billion facility with the African Export-Import Bank (Afrexim) for petroleum exploration, the bank said in a statement on Wednesday. The agreement …
Many African countries have an abundance of natural gas or other fossil fuels, and they argue forcefully that the rest of the world doesn’t have a right to tell them …
The federal government yesterday officially launched the Opening Extractives Programme (OEP), a global five-year scheme to unveil the real owners of assets in Nigeria’s oil, gas and mining sectors. To …
The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for oil and gas companies operating in the country to disclose …
Ugandan High Commissioner to Nigeria, Nelson Ocheger, said six Nigerian companies have indicated interest to invest in Ugandan oil and gas industry. Ocheger who didn’t identify the firms spoke in …
Rainoil Limited has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company. The acquisition was completed following the successful purchase of majority shares …
Italian multinational oil and gas company Eni, announced Tuesday three new oil and gas discoveries in the concessions of Meleiha and southwest of Meleiha, in Egypt’s the Western Desert. Egypt’s …
(Reuters) – Oil prices rose on Monday, extending pre-weekend gains, with U.S. crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from …
The National Union of Petroleum and Gas Workers (NUPENG) has announced the suspension of the proposed strike by its affiliate members, Petroleum Tanker Drivers (PTD). The strike, which would have …
THE Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 per cent to …
Chat us up