The Sharara oilfield produces more than 300,000 barrels of crude oil per day, forming roughly one-third of the oil-rich country’s production. The oilfield resumed production on June 7 after a months-long hiatus which caused billions of dollars in losses.
Libya’s National Oil Corporation said Russian and other foreign mercenaries have … Read More
Exxon Mobil plans to quit business in Europe and sell off assets in Asia and Africa.
Exxon Mobil is about to make its biggest assets sale for decades. The multinational Oil and Gas company in a bid to free up cash; has put up oil and gas fields in Europe, … Read More
NNPC now has a new GMD and a new acting Chairman.
The Nigerian National Petroleum Corporation (NNPC) recently had series of changes in its various management positions. The National Oil firm NNPC now has a new GMD and a new acting Chairman.
Nigeria’s President, Muhammadu Buhari recently appointed Mr. Mele … Read More
Otedola sells Forte Oil Plc and focuses on Geregu Power Plc
Nigerian billionaire who was the Chairman and majority shareholder in Forte Oil Plc, Mr. Femi Otedola, recently sold his entire 75% shareholding in the company. The former Chairman of Forte Oil Plc, Mr. Otedaola had earlier announced in December … Read More
Gambia gives license of disputed A1 offshore block to BP Plc
Amidst dispute for the A1 offshore block in Gambia; the Gambian government recently announced the signing of an oil exploration deal with BP Plc.
BP Plc is a British multinational oil and gas company with operations in 70 countries … Read More
NNPC reduces its cash call arrears to JV partners by US$1.5 billion
The Nigerian National Petroleum Corporation (NNPC) via its group managing director Maikanti Baru; said it has repaid US$1.5 billion of the cash call arrears owed to its foreign oil partners. The director who made the statement at the … Read More
Chevron acquires Algerian oil firm – Anadarko Petroleum
American multinational energy corporation – Chevron, have recently signed a deal to buy Algerian oil firm – Anadarko Petroleum. The final terms of agreement entails that Chevron will acquire all of Anadarko Petroleum outstanding shares; in a stock and cash transaction valued … Read More
Nigeria’s NNPC will rehabilitate refineries to cut fuel imports
The Nigerian National Petroleum Corporation (NNPC) have come up with a strategy to end reliance on fuel imports in Nigeria. Recently NNPC stated plans to rehabilitate its refineries; this it also said will help save the country millions of dollar on … Read More
ANAESTHETIST NURSING SERVICE Provider needed at Chilewa Investment Limited
Chilewa Investments Limited acts as intermediaries to Recruit, Build capacities, Train and manage competent contract staffs, lease equipment and provide transportation services, and also mediate for Oil & Gas companies.
Chilewa Investments Limited, a manpower and Oil & Gas logistics support … Read More
Tullow Oil is a leading independent oil and gas exploration and production company with a portfolio of 90 licences across 16 countries. Our focus is on finding and monetizing oil in Africa and the Atlantic Margins. Tullow Ghana Limited (TGL) is in search of Graduate Petroleum Engineer based in Accra. … Read More
Angola have joined the Gas Exporting Countries Forum (GECF).
Angola have now become a member of the the Gas Exporting Countries Forum (GECF). They are now the sixth African member to join the forum after Nigeria and Equatorial Guinea.
The Gas Exporting Countries Forum (GECF) is a transnational organization consisting … Read More
Gas flare penalty increased to US$2 per 1000 scf
The Nigerian government have increased gas flare penalty from N10 to $2 or N612.8 per thousand standard cubic feet (scf) of gas.
This penalty applies to any firm that produces 10,000 barrels of oil per day and above. For firms producing … Read More
In a statement by the by Paul Osu of the Public Affairs Department, The Department of Petroleum Resources (DPR) is set to roll out a digitalization programme to automate its critical operations, enhance the efficiency of its regulatory deliverables and accelerate recovery of outstanding revenues due to the government.
The … Read More