Sudan Owes $3 billion Oil debt to China, India and Malaysia
The Deputy Minister of Energy and Mines, Sudan, Hamid Suleiman, disclosed that Sudan is owing to China, India and Malaysia, a combined sum of $3 billion. The debt to China...
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Tullow Oil to Expand its Ghanaian Business; Cameroon Issues Call for Tenders
Tullow Oil announces it aims to generate around $7 billion in profits over the next ten years by expanding its Ghanaian business. Although it currently has significant debt since 2019,...
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Eco Atlantic Oil & Gas Renegotiates Four Namibian Petroleum Exploration Licenses
Eco Atlantic Oil & Gas has negotiated the re-issuance of a new 10-year life cycle for its four licenses in the Walvis Basin, Offshore Namibia, subject to the final government...
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Algeria’s Gas Exports to Drop by 4.7% in 2020
The country with the world's tenth-largest proven reserves of natural gas and the world's sixth-largest gas exporter, Algeria, will record a fall of 4.7% of its gas exports for 2020....
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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...
Read More 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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