Blog | Page 93 of 128 | Ibe Kachikwu

22nd October 2020

Oman to Improve Returns from Government Assets to offset Low Oil Prices

The Sultan of Oman, Haitham Bin Tarik, has set rules for the financial stability of the Sultanate and will focus on diversifying the economy to reduce the country's reliance on...

22nd October 2020

Nigeria’s NNPC and NRC in Talks Over Movement of AKK Project Tools

The Managing Director and Chief Executive of Nigerian Railway Corporation (NRC), Engineer Fidet Okhiria, said the Corporation is in discussions with the country's National Oil Company, NNPC, concerning the movements...

21st October 2020

Uganda Received No New Bid for Its Licensing Round After a Six-month Extension

According to The EastAfrican, the second round of bids for Uganda's oil licensing round that expired at the end of September ended with no new expressions of interest received from...

21st October 2020

IMF Predicts Oil Price will Remain Between $40 – $50 per barrel in 2021

According to the International Monetary Fund's Regional Economic Outlook: Middle East and Central Asia latest report, oil prices will stay between $40 - $50 per barrel, putting additional pressure on...

21st October 2020

FIN Holds Exclusive Virtual Meeting with Secretary-General of APPO

Last week, a United Kingdom-based firm, Strategic enablers of Foreign Direct Investment into Africa's oil & Gas Sector, Foreign Investment Network (FIN), held a virtual meeting with the Secretary-General of...

20th October 2020

Somalia Petroleum Authority Appoints New Board Members

The Somali Petroleum Authority (SPA) last week announced the appointment of six Independent Directors to its Board, following the approval of the Prime Minister and the Council of Ministers. The...

20th October 2020

South Africa’s Department of Mineral Resources and Energy to Present a New Gas Bill to Parliament

The government of South Africa has announced its plans to become a major player in the global gas sector. The country is already developing a new gas bill intending to...

19th October 2020

Oil Production in Gabon to Drop by 10,000 bpd in 2021

Gabon oil production in 2021 is to drop by over 10,000 barrels per day, according to the country's budget bill that is currently under review. The drop is credited to...

19th October 2020

Sudan to Set Fuel Prices According to International Price Levels

In a statement last week, the Sudanese Energy and Mining Minister, Kheiri Abdelrahman said that the fuel prices currently being circulated in the Sudanese Media are “guesses” as the domestic...

17th October 2020

Total E&P Nigeria Issues Tender for Onshore Rig Services at OML 58

Total Exploration and Production Nigeria has issued a tender for onshore land rig services at OML 58. The land rig will be used in the drilling of seven (7) infill...