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Africa Oil buys 25.2% equity interest in Impact Oil and Gas

Canadian oil and gas company Africa Oil Corp has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company...

Renewable energy versus oil and gas – The lessons

We are heading in the direction of a low carbon future - the way the world thinks about renewable energy has undergone a remarkable...

NNPC posted a total crude oil and gas export sale of $239.10M in November,...

The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, 2017. Details of...

Jason Wangler’s forecast for oil and gas in 2015

Jason Wangler in a recent interview forecast oil production price in 2015 for about $70/bbl. He thinks...

Top tips for those looking for oil and gas jobs in Nigeria

Would you like to get a job in the oil and gas sub-sector in Nigeria? Many young graduates dream and hope...

Egypt achieves 800 oil & gas discoveries in 15 years

Egypt’s Petroleum Ministry achieved around 800 new oil and gas discoveries starting fiscal year (FY) 2001/02 and until 2015/16. During this period, the ministry...

NNPC reduces cost of producing crude oil per barrel to $20

The Nigerian National Petroleum Corporation (NNPC) has brought down the cost of producing a barrel of crude oil to $20, even as it now...

NNPC records $476.25m in sales of crude gas export

The Nigerian National Petroleum Corporation (NNPC) recorded total export receipts of $476.25m in December, 2017, from sale of crude oil and gas as against...

Oil industry players concerned about electric cars

ELECTRIC CARS & BIG DATA Global oil industry players are also concerned about threats from renewable energy technologies and rapid changes to the automobile industry....

Oil industry’s biggest names gather this week at CERAWeek

The oil industry’s biggest names gather this week at CERAWeek, the largest energy industry get-together in the Americas, at a time when U.S. shale...

Corruption in oil sub-sector must stop – Buhari

President Muhammadu Buhari, on Monday insisted that instances of corruption in the nation’s oil and gas industry must not be allowed in any form. Buhari...

Nigerian oil firm spent $5.8 bln on fuel imports since late 2017 – Reuters

Nigeria’s state oil firm said on Tuesday it had spent $5.8 billion on fuel imports since late 2017, as it combats a fuel shortage...

Noble Energy to export gas to Egypt

American petroleum and natural gas exploration and production company Noble Energy, Inc. has signed agreements to sell significant quantities of natural gas from the...

Malabu oil field court case postponed till June 18

A Nigerian court has set a hearing over a disputed 2011 oilfield deal for June 18, the country’s financial crimes watchdog said on Thursday,...

Start Ugwu (ugu) leaves business and make money

Fluted pumpkin also known as Ugu is well grown in West Africa as a leaf vegetable and also for its edible seed. It belongs...

US may stop importing oil from Nigeria

There are indications that the United States may halt crude oil import from Nigeria by 2022, as it moves closer to becoming a net...

Woah! Nonoil sector still in recession in Nigeria

I bet it was because of the slow rise in oil price that made Nigerian leaders declare that the country was out of recession...

African markets factors and outlook Feb 12, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. -...

Graduate engineer trainees: Dangote Oil Refinery

https://www.youtube.com/watch?v=O_rltEM-zjE The Dangote refinery has an annual refining capacity of 10.4 million tonnes (Mt) of gasoline, in addition to 4.6Mt of diesel and 4Mt of jet fuel. It will...

OPEC Shock… oil price nightmare coming true

The latest surge in U.S. oil output will probably hasten the country's rise to the top of the producer pile. More important, it's starting to look...

Africa markets factors and outlook Feb 6, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. -...

Why Nigeria is low on crude oil

Nigeria, Africa’s biggest oil producer and a member of OPEC, has suffered fuel shortages over the past few weeks. They complicated transport and hurt...

Nigerian oil workers plan strike Monday

A major Nigerian oil union said on Saturday it would launch a strike from Monday after talks aimed at resolving a dispute with domestic...

NNPC reaches 539km of Gas Pipeline projects in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has so far completed, commissioned and delivered 500km of gas pipelines between 2010 to date as part of...

This company wants to sell its Nigerian oil business

State-controlled oil company Petroleo Brasileiro SA (Petrobras) is leading an effort to sell Petrobras Oil and Gas BV (Petrobras Africa), after being joined in...

NNPC mobilize for oil exploration in Benue Trough

Following the flag-off of oil search on the Nasarawa  State end of the Benue Trough last week, the Nigerian National Petroleum Corporation (NNPC) has...

Oil firms to invest $80bln in sub-sector

In brief: Oil and gas companies operating in Nigeria under the aegis of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce...

PwC’s views on Africa’s oil and how to improve tech

The oil & gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local...

Top 50 brands in Nigeria: MTN leads

Telecommunication provider, MTN has led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, National spread, and Brand...
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