Category: Uncategorised

Author | Legal Icon | Energy Expert

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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Nigeria to Commission Three Modular Refineries Soon

In a statement released by Edobor Iyamu, Senior Special Assistant, Niger Delta Affairs, Office of the Vice President, three (one brownfield and two greenfields) out of six anticipated modular refineries...
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Total Backs out of DEAL with Occidental to Acquire Assets in Ghana

French Energy giant, Total SA, has opted out of its deal with Occidental Petroleum to purchase Anadarko assets in Ghana. This comes after a collapse in a proposal to buy...
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117 Very Large Crude Carriers En Route to Ports in China

While oil-producing nations are counting their losses, one of the world's largest importers of crude oil, China, is using this opportunity to beef up its reserves by purchasing the cheapest...
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Cameroon Calls for Submission of Bid for Limbé Power Plant

In 2004, the first Limbé Oil power plant was delivered by AES Sonel, Cameroon, to help solve the problem of the increasing demand for electricity in the dry season from...
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