Gas Flaring

Nigeria Reduced Gas Flaring By 70% Over The Past 15 Years – World Bank

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According to a report by the World Bank, Nigeria and the greater Khanty-Mansiysk Autonomous Okrug (KMAO) region of Russia have both achieved significant progress...
Nigeria’s Gross External Reserves: An Historical Perspective

Oil Prices Fall Towards $15 As Storage Nears Capacity

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Friday, April 17th, 2020: WTI fell below $18 per barrel in early trading on Friday, as a deepening gloom swept over the market. China...
Savannah Energy’s Accugas Begins First Gas Sales To FIPL’s Trans Amadi Power Plant

Savannah Energy Commences First Gas Sales To The Central Horizon Gas Company Ltd

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Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that Accugas Limited ("Accugas"), the Company's...

Africa Oil & Power To Credit Senegal President As “Africa Oil Man of the...

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Africa Oil & Power will confer the award to H.E. Macky Sall at its yearly convention in Cape Town; H.E. Macky Sall is notable...
Waltersmith Refinery Ready for October Start

Waltersmith Refinery Ready for October Start

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Waltersmith Petroman’s modular refinery has been completed and will begin operations on October 14, the Nigerian Content Development and Monitoring Board (NCDMB) has said. Work...
GLOBELEQ ACQUIRES PRIVATE POWER GENERATION COMPANY IN NIGERIA BRANDSPURNG

Globeleq Acquires Private Power Generation Company in Nigeria

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Globeleq, a leading independent power generation company in Africa, has confirmed it will take a 74% majority equity stake in an existing Nigerian power...
President Macron Lauds Abdul Samad Rabiu as BUA Group And Axens Strengthen Deal on 200,000bpd Refinery Project Brandspurng 1

President Macron Lauds Abdul Samad Rabiu as BUA Group And Axens Strengthen Deal on...

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…Appoints Abdul Samad Rabiu as Chairman of the French Nigeria Investment Club. The French President, Emmanuel Macron, has commended the Chairman of BUA Group, Abdul...
Nigeria’s Gross External Reserves: An Historical Perspective

Oil Prices Fall As Hurricane Fears Subside

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Friday, August 28th, 2020 - Oil prices retreated in the wake of Hurricane Laura, which led to much less destruction than the market had...

Oil Prices Bounce On Venezuela Turmoil And Saudi Cuts – Report

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After a selloff on Monday, oil prices steadied at the start of trading on Tuesday.  Oil drops on rig count and China concerns. Renewed concerns over...

Waiver or no-waiver: What’s next for crude oil prices?

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So far in 2019, benchmark oil price (Brent) has soared 38.5% YTD, largely driven by supply shortfalls. Recently, the focus has been on the...

Saudi Aramco reports first half 2019 net income of $46.9 billion

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Saudi Aramco yesterday announced for the first time its half-year financial results. The Company’s net income was $46.9 billion for the first half of...
Wood Mackenzie: Nigeria Economy Benefits From The SEPLAT And Exxonmobil Deal

Seplat, Sahara Group Both Made Bids To Purchase Shell’s Joint Venture Assets In Nigeria

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Four indigenous oil and gas companies have expressed interest in acquiring Shell Petroleum Development Company's (SPDC) multibillion-dollar stake in a joint venture that operates...