Blog - Page 103 of 124 - Ibe Kachikwu

18th August 2020

Sonatrach and Wintershall Dea Sign Upstream MoU

Wintershall Dea is the latest international producer to sign a memorandum of understanding (MoU) with the state-owned oil company of Algeria, Sonatrach, to open up for the joint exploration of...

18th August 2020

Ugandan Government Rolls out New Timelines for Proposed Refinery Project

The Government of Uganda has renegotiated the project framework agreement of the country's proposed oil refinery to allow the investors enough time to complete the preliminary preparations. The Environment and...

17th August 2020

Chevron, Shell, BP, Total and Exxon Mobil Slash Production, Assets by $50 billion

The five largest oil production companies in the world collectively cut their asset value by almost $50 billion in the second quarter of 2020. They also slashed production rates due...

17th August 2020

Almost all oil from leaking Japanese Ship has been removed – Mauritius PM

Mauritius has announced that almost all oil from the leaking Japanese ship has now been evacuated and the country will be requesting for compensation from the owners of the ship...

15th August 2020

TSAVO Sign Partnership Agreements with Amarinth and PMO for the East African Market

Tsavo Oilfield Services has announced the signing of a strategic partnership with Amarinth for the supply of centrifugal pumps and related equipment to the East African market. The company also...

15th August 2020

Chadian Government Signs Solar Plant Construction MoU with Alcaal Group

The Chadian Minister of Finance and Budget, Tahir Hamid Nguilin, and the Chadian Minister of Mines and Energy, Youssouf Abbassallah, have signed a memorandum of understanding (MoU) with Alcaal Group...

15th August 2020

Nigeria Should Achieve 70% local content by 2027 – Buhari to NCDMB

During the virtual commission of the 17-storey Nigerian Content Tower and Headquarters of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenegoa, Nigeria, President Muhammadu Buhari urged the...

14th August 2020

OPEC Releases Monthly Oil Market Report for August 2020

The Organisation of Petroleum Exporting Countries (OPEC) has published its Monthly Oil Market Report for August 2020. In the latest edition, it indicated that the OPEC Reference Basket (ORB) averaged...

14th August 2020

The DeepSea Stavanger Arrives in South Africa

Minister of Mineral Resources and Energy in South Africa, His Excellency Gwede Mantashe, has announced and welcomed the arrival of the DeepSea Stavanger in Cape Town, in the Western Cape,...

13th August 2020

Occidental Removes Algerian Assets from its Proposed Asset Disposal Programme

Occidental Petroleum Corporation will no longer be selling their oil and gas assets in Algeria. This was made known in a conference call with analysts by the Chief Executive officer...