Uncategorised Archives | Page 118 of 119

20th May 2020

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...

19th May 2020

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,...

18th May 2020

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...

18th May 2020

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...

17th May 2020

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...

16th May 2020

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...

15th May 2020

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,...

15th May 2020

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...

14th May 2020

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...

14th May 2020

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...