Oil prices saw a significant surge on Monday morning ahead of the Bank of England (BoE) meeting this week, where it was suggested that this rate hike might be the …
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Oil and Gas
- AFRICA NEWSBusiness and EconomyEconomyOil & Gas
Namibia has the potential to become one of the leading oil producers by the year 2035.
by Editorby EditorThe Prime Minister Hon Saara Kuugongelwa-Amadhila on Wednesday reaffirmed the government’s commitment to socioeconomic development and environmental stewardship, following the discovery of two light crude oil discoveries in Namibia in …
- EconomyKenya NewsOil & Gas
Kenya fails to strike deposits of oil and gas in the disputed area claimed by Somalia
Kenya has failed to strike oil and gas deposits in the coastal strip that has for years been at the Centre of an international border dispute with neighboring Somalia. Seismic …
- BusinessBusiness InsightsBusiness PoliciesEnergyNigeriaOil & GasWestern Africa
FG retrieves N600 billion from oil and gas companies operating in Nigeria
Federal Government recovers N600 billion from oil and gas companies operating in Nigeria according to reports from the Nigeria Extractive Industries Transparency Initiative (NEITI) audit. This, according to Punch, is …
- AfricaBusinessEnergyNewsNigeriaOil & GasWestern Africa
Buhari approves Seplat Energy acquisition of $ 1.283bn Mobil assets
The Federal Government of Nigeria has presented a letter of consent to Seplat Energy Offshore Limited, a subsidiary of Seplat Energy, for the cash acquisition of the entire share capital of Mobil …
- AfricaBusiness and EconomyNewsNigeriaOil & GasWestern Africa
Nigeria loses N891bn to gas flaring in 18 months
Nigeria lost N891bn to gas flaring in 18 months. This was disclosed in the latest data released by the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill …
- Oil & GasWestern Africa
“Removing Tax on petroleum products will reduce Government revenues by some four billion cedis” President Akufo-Addo
President Nana Addo Dankwa Akufo-Addo says reducing taxes on petroleum products will not be in the interest of the nation. He said the suggestion was not a sustainable one because, …
Kenya in its bid to cut off the dominance of oil majors who have been blamed for oil shortage is in talks to import a third of its fuel from …
The historic launch of the very first oil platform in the Angola will take place in June with export figures more than satisfactory at the end of 2021 to the …
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