It has been reported that the government of Gabon has abandoned the merger project, underway since 2019, between Sogara and Gabon Oil Company (GOC). Agence Ecofin said yesterday that the merger objective was to save Sogara, the country’s only refinery.

The report quoted a government official statement announcing that the…

The innovation called ‘ColdHubs’ by a Nigerian entrepreneur, Nnaemeka Ikegwuonu, has picked up an award in the “Water and Sanitation” category of the 2020 Waislitz Global Citizen Award competition.

Ikegwuonwu won in the water and sanitation category for his project on a modular solar powered refrigeration system.

Nigeria has said that it plans to reduce importation of Liquefied Petroleum Gas (LPG) into the country when the 100 million standard cubic feet of gas capacity facility at Oredo flow station in Benin City, Edo State, is commissioned.

While inspecting the facility on Tuesday, the group managing director of…

Nile Petroleum Corporation (Nilepet), South Sudan’s state-owned oil company, has unveiled plans to undertake a survey of both its mineral resources and oil in a bid to attract more investors to help speed up exploration and production, Hellenic Shipping News quoted an unnamed official yesterday.

According to the report, managing…

Nigeria’s minister of state for petroleum resources, Chief Timipre Sylva, has confirmed that Nigeria has recorded its first investment in hydro-skimming modular refinery in Azikel Refinery located in Yenagoa, Bayelsa State.

The investment is coming at a time the country is battling with huge budget deficit and foreign exchange challenges…

As the COVID-19 pandemic continue to take toll on the fortunes of international companies, the managing director, Shell Nigeria Gas Ltd. (SNG), Ed Ubong, has confessed that the company has been negatively affected by the epidemic.

According to him, the shutdown by its 118 customers at the peak of COVID-19…

                    PIB will Make Nigeria Most Attractive Investment Destination

The passage of the Petroleum Industry Bill (PIB) into law, again is in earnest as the draft would be sent to the National Assembly in a few days time, the Minister of Petroleum Resources, Timipre  Sylva has said.

Conoil Producing, owned by billionaire Mike Adenuga, has emerged as winner of the bid for the 40% equity held by Chevron Corp. in Oil Mining Leases (OMLs) 86 and 88. The Lagos oil junior is currently discussing with the American international oil major.

The report said it was still not…

    …Petroleum leaders, experts to identify solutions to overcome industry issues

As the world continues to observe the lockdown and social distancing rules in the containment of the Coronavirus, there has been a renewed focus in digital alternatives to events.

The COVID-19 outbreak had led to the…

President Muhammadu Buhari is expected to accent to the long awaited Petroleum Industry Bill anytime from now. The PIB bill is aimed at boosting output and attracting foreign investment, in the main.

The reforms, 20 years in the making, are particularly urgent this year as low oil prices and a…