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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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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