Gas Production in Nigeria Declined by 3% in One-Year
A report from the Nigerian National Petroleum Corporation (NNPC) which covers the period - November 2019 to November 2020, showed that the gas sector saw a marginal decline by 3%...
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TransGlobe Energy Provides Operations Update on Western and Eastern Deserts in Egypt
TransGlobe Energy has announced an update on its operations in Egypt, including its 100% Working Interest in the Western Desert - South Ghazalat and its 100% working interest in the...
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IEA Discusses Challenges of Nigeria and other African Refiners in New Report
A new report by the Paris-based International Energy Agency (IEA) assesses refineries in African countries, their current capabilities and factors hindering their growth and expansion. Some of the African countries...
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Africa has ‘Central Role’ to Play in India’s Oil Supply Diversification – Dharmendra Pradhan
Speaking to an industry summit, the Indian Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan, said African countries could be key to India's bid to diversify its primary...
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Mozambican Government and Total Agree to Restart LNG Project in Afungi
The government of Mozambique and French oil and gas group, Total, have announced that construction work is due to resume on the natural gas liquefaction plants on the Afungi Peninsula,...
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Invictus Energy Raises AUS8 Million Placement for Seismic Acquisition in Zimbabwe
Invictus Energy announced that it had received firm commitments from new and existing institutional and sophisticated investors to raise A$8 million (before costs) by way of a share placement. Under...
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Bid Winners of Nigeria’s Marginal Oilfield Round Have Started Paying Signature Bonuses
The Nigerian Minister of State for Petroleum Resources, Chief Timipre Sylva, said almost 50% of the companies who won the bid for the fifty-seven (57) marginal oilfields have paid their...
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Bureau Veritas Completes Classification of Torman LNG FRU at Tema Port, Ghana
Classification society, Bureau Veritas, has completed the classification of the Torman LNG floating regasification unit (FRU) at Tema port, Ghana. The unit is combined with a floating storage unit (FSU)...
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ADM Energy Acquires Interest in OML 141, offshore Nigeria
Natural resources investment company, ADM Energy, has announced it has reached a conditional agreement to invest in the Barracuda oil field in OML 141, offshore Nigeria, through an acquisition of...
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Saudi’s Aramco Reports 44% Slide in its Net Profit for 2020
In a statement to the Tadawul Stock Exchange, where the Company shares trade, the world's largest oil-exporting company, Saudi Aramco, has reported a 44% slide in net profit for 2020...
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