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Africa
Falcon Oil & Gas Ltd. – Assignment of Canadian Working Interests
Falcon Oil & Gas Ltd. (“Falcon”) Assignment of Canadian Working Interests 22 February 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) has agreed to assign its working interest in three gross producing wells and one gross…
Piracy surges in Gulf of Guinea as falling oil prices rock lawless Niger
Last month, the Danish shipping giant Maersk called for tougher action after two attempted piracy attacks on the firms' ships since December. The company also owns the Maersk Alabama, whose hijacking by Somali pirates in 2009 was…
CBD Oil (Middle East and Africa)Market Analysis, Trends, Top Manufacturers,
The New Report “Middle East and Africa CBD Oil Market” published by Data bridge Market Research, covers the market landscape, classification, industry value, price, cost and gross profit and the industry thoroughly by…
Texas Freeze Causes Largest Ever U.S. Oil Production Decline | OilPrice.com
U.S. crude oil production has plunged by as much as 40 percent due to the Polar Vortex that brought freezing temperatures to swathes of the United States, most notably including Texas, where wellheads and pipelines froze.…
Egypt announces int’l exploration bid for 24 oil, gas blocs
Egypt on Thursday announced an international bid round for the exploration of oil and natural gas in 24 blocks. “The blocks are located in the Gulf of Suez, the Western Desert, and the Eastern and Western Mediterranean,” Egyptian…
Why being endowed with oil is not always a boon: the case of Nigeria and
In countries with weak governance institutions, natural resource wealth tends to be a curse instead of a blessing. Where citizens are relatively powerless to hold ruling elites to account, resource wealth undermines development…
GE touts “no regrets” in gas for Africa – News for the Oil and Gas Sector
Developing gas and renewables together will provide a “no-regrets path” to cutting emissions and increasing electrification, GE Gas Power Sub-Saharan Africa’s CEO has said. Elisee Sezan said the region needed to balance the drive for…
UAE and Africa non-oil trade hits $40.7b in first nine months of 2020
Containers ready for shipment at the Khalifa Port in Abu Dhabi. The value of non-oil trade between the UAE and Africa totalled $40.7 billion in the first nine months of 2020,…
UAE and Africa non-oil trade hits $40.7b in first nine months of 2020
Containers ready for shipment at the Khalifa Port in Abu Dhabi. The value of non-oil trade between the UAE and Africa totalled $40.7 billion in the first nine months of 2020,…
Oil Companies Turn To Spot Crude Amid Cuts By OPEC+, Covid
<!-- --Bharat Petroleum Corporation has increased the proportion of spot crude purchases to about 45 per centIndia's refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output…
Seplat: Why the buzz around Nigeria’s foremost oil exploration company?
MainOne Cable Company Nigeria Limited recently celebrated 10 years in the business of bridging the digital divide in West Africa.As the provider of the first privately owned, open access 7,000-kilometer undersea high capacity cable…
Tight supply and hydrogen hopes drive iridium up 160% – Oil & Gas 360
Reuters LONDON – Iridium has become the latest precious metal to undergo a spectacular price rally, after supply shortages and expectations it will be used to produce hydrogen to power a greener economy lifted its value by 160% in…
Oil refineries are not national security assets: Kemp
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Feb 11, 2021 • 15 hours ago • 4 minute read Article content LONDON — National governments still tend to think about oil refineries as strategic…
Report urges African oil states to shift toward clean-energy future
Angola, Equatorial Guinea and South Sudan are among nations forecast to see 40 percent or more in lost revenues as the world moves away from fossil fuels, according to a report released Thursday by Carbon Tracker. They’re among the…
Nigeria’s state oil company oil to discuss commercial terms with key oil
On Friday, 5 February 2021, the Nigerian National Petroleum Corporation (NNPC) announced the commencement of negotiating commercial terms with top oil companies in the country. According to a report, Mele Kyari, Group Managing…
DFC, Shell Foundation plan renewable investments – News for the Oil and Gas
The US’ International Development Finance Corp. (DFC) and Shell Foundation are teaming up to work on renewable energy access in low-income states, in Africa and Asia. The two aim to bring renewable energy to more than 5 million people by…
Shattered economy: Oil-rich Libya in poverty after decade of conflict
Libya has Africa's largest proven oil reserves and only seven million people, but a decade of bloody conflict has left its economy shattered and its population mired in poverty.The dinar has crashed and consumer prices have surged,…
Rebounding oil prices renew inflation threats
Economy Rebounding oil prices renew inflation threats Tuesday February 09 2021 By EDWIN OKOTHMore by this Author& By ELIZABETH KIVUVAMore by this AuthorSummary Oil prices Monday rose to their highest in just over a year,…
Nigerian farmers win hollow legal victory against Shell for oil spillages
In a case that has taken 13 years to reach a conclusion, the Dutch Court of Appeal has ruled that the Nigerian subsidiary of Royal Dutch Shell—the Anglo-Dutch oil giant is headquartered in the Netherlands—is liable for oil spills in the…
Africa in the news: Nigerian oil, COVID-19, and Uganda updates
Nigeria puts oil companies under pressure Late last week, the Court of Appeal in The Hague ruled that oil company Royal Dutch Shell’s Nigerian subsidiary is liable for damages caused by oil spills in two Nigerian villages between…