Uncategorised Archives - Page 115 of 117

29th May 2020

New IEA Reports Predict Energy Investments May Fall by One-Fifth in 2020

The International Energy Agency has recently released the fifth edition of its annual World Energy Investment report, where it looks at the effect of the COVID-19 pandemic and its impact...

28th May 2020

Recent Purchase in Asia Indicates Demand for Oil is Gradually on the Rise

According to reports, crude oil buyers in Asia are purchasing distressed cargoes of oil from Africa to the Middle East. This is a sign that the oil market is gradually...

28th May 2020

Angola Executes Farm-in Agreement with Melbana Energy

Sonangol Group (Grupo Sonangol), the state-owned company tasked with overseeing the affairs of petroleum and natural gas production in Angola, has executed a farm-in agreement with Australian oil and gas...

28th May 2020

APPO Member Countries Showing Impressive Oil Price Recovery

Africa's biggest oil exporter and African Petroleum Producers Organization (APPO) Member Country, Nigeria, has been recording an impressive rise in the price of its crude oil over the past few...

27th May 2020

Barkindo Enjoins OPEC Members and Allies to Adhere to Production Cut Agreement

The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Mr Mohammed Barkindo, in a chat with Energy Intelligence, on Tuesday, urged its member countries not to flout the oil...

26th May 2020

Central Energy Fund and Sasol Deny Talks Over Asset Take Over

The Central Energy Fund and Sasol have denied reports that there are talks to take over Sasol's petrol stations, despite the report by Business Day on Monday and a parliamentary...

26th May 2020

Google to Stop Development of New AI Solutions for the Production of Fuel

Technology giant, Google, announced last week that it would stop developing new artificial intelligence solutions that helped the oil and gas industry to accelerate the production of fossil fuels. This...

25th May 2020

NNPC Denies Regional Favouritism as Basis for Employment

The Nigerian National Petroleum Commission (NNPC) has been on the receiving end of criticism from Nigerians, especially some Niger Delta leaders and groups, for allegations that it had retrenched some...

23rd May 2020

The Restart of ‘Libya’s Global Oil Boom’ Still Uncertain

With 46.6 billion barrels as at a decade ago, oil reserves in Libya were the largest in Africa and among the ten largest in the world. A production rate of...

23rd May 2020

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...