Total Secures Mozambican Gas Deal
French energy giant, Total, is reported to have secured Africa's biggest investment – A $14.4 billion funding for its liquefied natural gas (LNG) export project in Mozambique. The financing deal...
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Governorate of Medenine to Evacuate Fuel From the Coast of Djerba
The governor of Medénine, Habib Chaouat, told Tunis Afrique Press on Thursday, May 21 that an operation to evacuate ten tonnes of oil from a foreign freighter, which was stuck...
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Somalia Calls for Initial Bids for Oil Blocks
The Federal Republic of Somalia has officially opened the first round of bidding for oil exploration in the country, said to be run under the Somali Petroleum Law as well...
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Sudan Expecting New Oil Deal Agreement from South Sudan
The COVID-19 pandemic seems to have done more than pose a threat to oil-producing nations; it is surprisingly building stronger ties between South Sudan and Sudan, according to reports. According...
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Mozambican Government Reduces Petrol and Diesel Prices
The global decline in oil demand, and cut in production by oil-producing countries have taken their toll on various African countries. Algeria had already slashed its budget twice this year,...
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Qatar Petroleum and Total Enter Agreement for Two Exploration Blocks in Ivory Coast
Qatar Petroleum is a state-owned petroleum company of Qatar, with its headquarters situated in Doha. It is a company that operates all the activities of the oil and gas in...
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Private Oil Marketers Have Permits to Import Refined Oil – PPPRA
The Petroleum Pricing Regulatory Agency (PPPRA) of Nigeria said in Abuja, on Tuesday, 19th May, that permits had been issued to several private marketers for the importation of petrol alongside...
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Equatorial Guinea Signs First Mining Contracts
Though the COVID-19 pandemic has posed a lot of challenges to countries on the continent to meeting their set targets for 2020, the Ministry of Mines and Hydrocarbons in Equatorial...
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COVID-19: An Opportunity for Angola’s Local Content Development Boost
The coronavirus pandemic is expected to provide an avenue for Angola's development of local content, which has been going on in the country for years. It is also believed that...
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Nigeria’s Adherence to Oil Production Cut Will Lead to Deeper Economic Recession – Fitch
On Monday, 18th May, 2020, Fitch Ratings Agency said that the agreement between OPEC Member Countries and its allies to cut their daily oil production to 10 million barrels per day,...
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