Uncategorised Archives - Page 104 of 117

17th July 2020

Uganda: 99.93% of Tullow Oil Stakeholders Approve Sale of Ugandan Assets

Tullow Oil has announced its shareholders’ approval for the sale of its entire interests in Block 1, 1A, 2 and 3A in Uganda and the proposed East African Crude Oil...

17th July 2020

TechnipFMC to Construct a Hydrocracker Complex in Egypt

TechnipFMC has been awarded the over $1 billion contract with Assiut National Oil Processing Co. (ANOPC) for a hydrocracking complex for the Assiut refinery in Egypt. The contract is an...

17th July 2020

Nigeria: McDermott Secures Contract for a 12,000 bpd Modular Refinery in Bayelsa

The engineering and procurement contract for the 12,000 barrels per day modular hydro skimming refinery in Bayelsa State, Nigeria, has been awarded to McDermott International Ltd by Azikel Petroleum Ltd....

17th July 2020

Mozambique: Matola Gas Company and Total to Build a Terminal in Matola

Matola Gas Company (MGC) and Total will be constructing a $300 Liquified Natural Gas (LNG) Terminal in Matola in the Maputo province, the largest suburb of the capital and the...

16th July 2020

Gabon to Replace Oil Exploitation with Sustainable Timber Exploitation

Gabon wants to replace its share of oil in its GDP with revenues generated from sustainable timber exploitation. The Gabonese Minister of Environment and Forests, Lee White, made...

16th July 2020

AFRICAN OPEC MEMBER COUNTRIES OIL & GAS FIGURES FOR 2019

According to the 2020 OPEC Annual Statistical Bulletin, these are the Petroleum facts and figures for the African member countries for 2019. Kindly note that crude oil exports may include...

15th July 2020

OPEC Releases its Annual Statistical Bulletin for 2020

The 55th Annual Statistical Bulletin (ASB) of the Organisation of Petroleum Exporting Countries (OPEC) which highlights accurate data on the global oil and gas industry annually has been released. It...

15th July 2020

Botswana: Government Announces New Fuel Restrictions to Combat Fuel Shortage

The Government of Botswana has set some fuel restrictions as the country continues to experience a shortage of fuel. In an address to the nation on Thursday last week, President...

15th July 2020

Zimbabwe: Ncube Enjoins Government to Liberalise Fuel Sector

The Acting Chief Executive Officer of Petrotrade, Godfrey Ncube, stated the liberalisation of the fuel sector in Zimbabwe is the right step to take in combating fuel shortages that have...

14th July 2020

Nigeria: FG Encouraged to Completely Halt Fuel Subsidy

The latest figures released in the Monthly Financial and Operations March 2020 report shows fuel subsidy cost the nation 101.6 billion Naira from January - March 2020. The country spent...