Chevron to Reduce its Workforce in Nigeria by 25%
Chevron Nigeria Limited has announced that is cutting its workforce by 25% as a result of the prevailing business climate caused by the COVID-19 pandemic which has led to low...
Read More 
COVID19 – Shell to Cut a Possible 9,000 jobs by 2022
The Royal Dutch Shell has announced plans to cut 7,000 to 9,000 jobs in response to the fall in global oil demand caused by the coronavirus pandemic. This comes five...
Read More 
OPEC to Discuss Blue Hydrogen, Digitalisation and Cybersecurity and Blockchain Technology
The Organisation of Petroleum Exporting Countries (OPEC) announced that it will be exploring the future of blue hydrogen, digitalisation in the energy sector and cybersecurity and blockchain technology in its...
Read More 
Total E&P Nigeria MD discusses Petroleum Industry Bill, COVID-19 impact on Businesses
The Managing Director of Total Exploration and Production Nigeria Limited, Mike Sangster, said the Petroleum Industry Bill (PIB) would allow for massive investments by oil and gas companies in the...
Read More 
South Sudan to Conduct New Seismic Surveys Before Licensing Round in 2021
In a statement on August 19 2020, the Managing Director of Nilepet, Abel Chol, said South Sudan will be conducting new seismic surveys to increase the number of offers under...
Read More 
Chevron, Shell, BP, Total and Exxon Mobil Slash Production, Assets by $50 billion
The five largest oil production companies in the world collectively cut their asset value by almost $50 billion in the second quarter of 2020. They also slashed production rates due...
Read More 
Occidental Removes Algerian Assets from its Proposed Asset Disposal Programme
Occidental Petroleum Corporation will no longer be selling their oil and gas assets in Algeria. This was made known in a conference call with analysts by the Chief Executive officer...
Read More 
MMH in Equatorial Guinea Continues Engagement with Relevant Oil Sector Stakeholders
The Ministry of Mines and Hydrocarbons Equatorial Guinea, through the Minister, H.E. Gabriel Mbaga Obiang Lima is continuing to engage with stakeholders in the oil sector amidst the COVID-19 pandemic...
Read More 
Senegal: Lukoil to Acquire Assets of Cairn Energy Including a Share of Sangomar
Russian multinational company, Lukoil, has reached an agreement with a leading independent oil and gas exploration and development company, Cairn Energy, to purchase the company's assets in Senegal which includes...
Read More 
Equatorial Guinea: Minister Briefs on Latest Development in the Oil and Gas Sector
Equatorial Guinea's Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima and the Director of Hydrocarbons Ministry of Mines and Hydrocarbons, shared the immediate and near-term plans by the Ministry with...
Read More