AfDB Grants $1 million to Uganda and Tanzania and EACOP
The African Development Bank (AfDB) has granted $1 million to the East African Crude Oil Pipeline (EACOP) project. Half of the total amount is for Uganda while the other is...
Read More State-owned Oil Refineries were Intentionally Shut Down – NNPC GMD
Appearing before the House of Representatives of Nigeria's Committee on Petroleum Upstream on Thursday, 26th November 2020, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari,...
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Access LNG Project in Ghana Reaches Financial Close
The Emerging Africa Infrastructure Fund (EAIF) has announced that the project partners for the Tema LNG project in Ghana have reached the financial close on November 16th 2020. The Access...
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Sasol and VAALCO Sign SPA for Etame Marine Block offshore Gabon
Sasol Gabon S.A. (Sasol) and VAALCO Gabon S.A. (VAALCO) have signed a Sale and Purchase Agreement (SPA) that will allow VAALCO acquire the 27.8% working interest of Sasol in the...
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Olam Palm to Construct Biofuel Plant in Gabon
Olam Palm shall set up its plant to produce biofuel from palm oil in the southern zone of Libreville in Gabon. The five hectares site was specifically chosen because of...
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President Buhari Commissions 5,000 BPD WalterSmith Refinery in Imo State, Nigeria
The 5,000 barrels per day Waltersmith Refinery in Ibigwe, Imo State, Nigeria, was commissioned on Tuesday, 24th November 2020. It became the second private-owned functioning refinery in the country, after...
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Libya Reach Agreement on Development of Contract Area 47 in Ghadames Basin
The Chairman of the National Oil Corporation (NOC) of Libya, Mustafa Sanalla, was in a meeting for the past three days with the Chairman of the Board and Chief Executive...
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“No major investment decision was taken in Deepwater Nigeria from 2015 – 2019” – Total Nigeria MD
During a session titled “Future of Oil and Gas Industry in Low Oil Price Environment: Survival Strategies” at the recently held 38th edition of the international conference and exhibition of...
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Angola to Sell Stakes in Sonangol and Endiama to Generate Funds
The Finance Minister of Angola has announced that Angola will start a partial disposal of its National Oil Company, Sonangol, and diamond firm, Endiama, by the end of 2021 or...
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Cameroon Grants Approval for Matanda Block License to “Gaz du Cameroun”
Cameroon based gas and condensate producer and distributor, Victoria Oil & Gas, has announced that its wholly-owned subsidiary, Gaz du Cameroun S.A. (GDC) has received approval for the Matanda Block...
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