Africa's Oil, Gas and Energy News.
Further to its previous announcements regarding its proposed investment in Decklar Petroleum Limited and the Oza Field in Nigeria, San Leon announces that the parties have agreed to extend the … Read More
The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the … Read More
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per … Read More
A 5,000-barrel per day Waltersmith modular refinery in Ibigwe in Imo State in south-eastern Nigeria was on Tuesday inaugurated by President Muhammadu Buhari. Inaugurating the refinery, which was performed virtually, … Read More
Operational highlights · Working-interest production within guidance at 50,653 boepd, despite market volatility · Liquids production of 33,327 bopd, gas production of 100 MMscfd · Eland OML40/Ubima assets produced 9,151 bopd, 27.5% of … Read More
Africa Oil has received an additional $50 million in dividends from Prime subsequent to the previous reporting period. This brings the total dividends amount to $162.5 million since Africa Oil … Read More
On March 1st, 2019, a new Foreign Exchange Currency Regulation was adopted by the members of the Economic and Monetary Community of Central Africa states – CEMAC. These member states, … Read More
By NJ Ayuk, Executive Chairman, African Energy Chamber This week, the African Energy Chamber will publish a report outlining its short-term predictions for the continent. That report, Africa Energy Outlook … Read More
Africa Oil has announced that it has received its fifth dividend from Prime Oil and Gas B.V. , a company that holds interests in deepwater Nigeria production and development assets. … Read More
On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an independent nation. During the newly independent nation’s earliest … Read More
