Tag: Oil

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Angolan Oil Revenues Increased by 8.7% in February

According to available data from the Special Taxation Department (DTE) of the General Tax Administration, published on the official website of the Angolan Ministry of Finance, fiscal oil revenues increased...
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ENI Increased its Ghanaian Oil Output by over 52,000 Barrels in H1 2020

Italian oil and gas major, ENI, increased the gross output in the Sankofa Gye Nyamme (SGN) field in Ghana by 34% in the first half of 2020, relative to the...
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WGEG Names 2 African Wells Among List of Oil Wells in the World to Watch in 2020

In its latest list of twenty (20) key oil wells to watch in 2021, oil data analysis firm, Westwood Global Energy Group (WGEG), mentioned two (2) African wells among the...
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Savannah to Deliver Crude Oil to Zinder Refinery in Niger Republic

Savannah Petroleum is to begin the installation of an Early Production System by the end of the Financial Year 2021, market conditions and financing permitting, and to deliver its initial...
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Egypt Signs 9 New Agreement for the Exploration of Oil and Natural Gas

The Minister of Petroleum, Egypt, Tarek El-Molla, said it has signed nine (9) new agreements with local and international companies for the exploration of oil and natural gas on Friday,...
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Oil Prices Edge Higher to Close Out the Week

According to Reuters, oil prices went higher on Thursday after the United Kingdom and the European Union announced an agreement on a post-Brexit trade deal, and due to late-day buying...
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OPEC Publishes MOMR for December 2020

The Organisation of Petroleum Exporting Countries (OPEC) has published its Monthly Oil Market Report for December 2020. This is the last report to be published in 2020 with the next...
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Nigeria Considering Another Oilfield Licensing Round in 2021 – NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that the Nigerian government may hold another oilfield licensing rounds in 2021, especially in the...
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Nigeria Cuts Over 600,000 barrels of oil per day to meet OPEC+ quota – Minister Sylva

The Nigerian Minister of State for Petroleum Resources, H.E. Timipre Sylva, said that the largest producer of oil on the continent has cut its crude oil production level from over...
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Sudan to Offer 27 Concession Offshore and Land Blocks

The acting Energy Minister of Sudan, Kheiri Abdelrahman, announced on 15th November 2020 that Sudan is going to offer 27 concession blocks through a global bid. Twenty-four of the blocks...
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