Angola’s agency outlines timeline for ongoing bid-round
Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has outlined its timetable for the evaluation of its ongoing 2020 bid round, as interest in...
API, Energy Chamber sign MoU to expand industry initiatives
The American Petroleum Institute (API) and the African Energy Chamber (AEC) have signed a Memorandum of Understanding (MOU) to collaborate on capacity building initiatives...
Sanwo-Olu thanks Dangote for siting refinery, fertilizer companies in Lagos
Lagos State governor, Babajide Sanwo-Olu, has commended the Dangote Group for situating the biggest investment in the country in Lagos State, and for the...
Petroleum Resources Ministry, E’Guinea hold bilateral meeting
H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea met with H.E. Timipre Sylva, Minister of Petroleum Resources of Nigeria...
FG committed to reviving moribund oil, gas facilities
Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, has restated Federal Government’s commitment to the reactivation of all moribund oil and gas support...
Oil prices plunge amid curb on air travel
Oil prices drifted lower at the mid-week trading session in London.
At the time of writing this report, Brent oil futures were down by 1.06%...
Eterna Oil shareholders to sell stakes to new investor
Eterna Plc has announced the decision of some of its shareholders to sell equity holdings in the company to a “new investor.”
In a statement...
Equatorial Guinea intensifies E&P activities in 2021
Equatorial Guinea will see three exploration wells drilled in Trident Energy-operated Block G in 2021, along with refurbishment and well intervention works across other...
Oil prices in highest rise since early March
Crude oil prices rebounded strongly at the fourth trading session of the week. The recent surge seen in oil prices is largely attributed to...
New Market Realities: Super profit era for petroleum over – AEO
Projected market conditions for 2021 do not indicate a return to high commodity prices, implying that the super profit era of petroleum is over;...
