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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Total Gabon not Laying Off Employees – MD
In an interview with L'union of Gabon (the government-controlled daily newspaper), Stephen Bassene, Managing Director of Total Gabon, announced that the oil giant would be cutting down investments in 2020,...
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Global Oil Refining Could Rebound in June – IEA
According to the latest report from the International Energy Agency (IEA), the gradual lifting of the lockdowns and the reopening of major economies across the globe is “beginning-a-gradual-but-fragile recover” in...
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Saudi Arabia to Reduce Oil Production – Urges OPEC Member Countries to Follow Suit
The Kingdom of Saudi Arabia announced on Monday, May 12, 2020, that it had asked Aramco (the country’s oil giant) to cut its output by an additional 1 million barrels...
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Uganda-Tanzania Crude Oil Pipeline Construction to Begin in 2021
The Energy Minister of Tanzania, Dr. Medard Kalemani, announced earlier this week that the construction of the Uganda-Tanzania Crude Oil Pipeline (UTCOP), also known as the East African Crude Oil...
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Kachikwu talks African Oil and Gas, COVID19 and the future of energy with Nairametrics
As a past President of OPEC, do you think the cutting of oil production is the lasting solution to the fall in oil prices? If so why, but if not,...
Read More Musings From My Quiet Place – by Dr. Ibe Kachikwu
Today is Monday, the 4th of May, 2020. We are grateful to God for giving us this day, and seeing us through years past. Finally, after a brief hiatus from...
Read More National Gas Policy
On the 28th of June, 2017, the Federal Executive Council, approved the National Gas Policy as presented by the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu. The...
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