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Tag: Oil and Gas
Goldman Sachs Predicts UK Inflation Could Break 22% If Gas Prices...
Goldman Sachs has forecasted that inflation in the United Kingdom could soar to the highest level since 1975 if global gas prices do not...
EU May Intervene in Energy Market Amid Skyrocketing Prices
Reports say that the European Union is closer to potentially intervening on the bloc’s electricity market as energy prices soar ahead of what would...
Egypt Signs $934m Deal for Gas Exploration Development
Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed $934 million contract across eight gas exploration and research agreements, following a push to...
G20 Energy Ministers Strive for Sustainable Development and Market Stability
HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to...
IEA, OPEC Cite Caution About Global Oil Market, Post Covid19 Recovery
The Paris-based International Energy Agency (IEA) has slashed its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second...
NCDMB Mentors African Oil And Gas Operators To Achieve Regional Collaboration
As Nigeria’s success story on local content law implementation echoes around the globe, many African oil-producing countries have found the initiative a worthy model...
Surge, of up to US$10bn, in M&A Values in the Oil...
Surge of up to US$10bn in M&A Values in the Oil and Gas Equipment and Services Industry in Q3 2018, says GlobalData
Surge of up...
Nigeria cannot attain 40 billion barrels oil reserve – NAPE
The absence of fiscal policy will continue to retard investments flow in Nigeria’s oil and gas industry, such that attainment of 40 billion crude...
Bonny business group applauds NLNG on business workshop
Kenechukwu Obiajuru, Yenagoa
The indigenous vendors in Bonny Island, under the aegis of Association of Niger Delta Vendors in Oil and Gas have expressed their...
Wabote Bags Global Award for Local Content Advocacy
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote was conferred with a global award of excellence for outstanding contributions...
Nigeria’s success in Local Content is African oil producing countries’ gain
Peace Obi
The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has said that Nigeria's success in driving her local content policy has paved the...
AP looks for Sierra Leon extension on oil blocks
African Petroleum issued an update on its Sierra Leone SL-03-17 and SL-4A17 blocks. Through the company’s wholly owned subsidiaries – European Hydrocarbon Ltd and...
Kachikwu inaugurates Nigerian Content Research & Development Council
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu recently in Abuja inaugurated the Nigerian Content Research and Development Council (NCRDC).
The Council...
Oil Marketers Call for Regular Review of Oil Price
Oge Obi
The Major Oil Marketers Association of Nigeria has said that there is need for a regular review of the pricing template for Premium...
Oil turns lower as weaker demand outlook weighs
Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for...
Nigerian Content Receives a Boost as Waltersmith builds Modular Refinery
Oge Obi
The Local Content initiative of the Nigerian government in the oil and gas industry again, received a boost as an indigenous refinery by...
INTELS donates health centre to delta community
Oge Obi,
INTELS Nigeria Limited, a leading port operator/oil and gas logistics service company has built and handed over a modern, fully equipped Health Centre...
Africa welcomes first ever full-stream oil, gas & energy transformation dais
The global energy industry has been experiencing a radical transformation in recent years
CAPE TOWN, South Africa, September 7, 2018/APO Group/ -- Speaking on Africa’s...
Africa Oil Week 2018 announces partnership with SuperReturn Africa
Africa Oil Week welcomes the continent’s biggest investors to attend event
London, UK (06 September 2018) – Africa Oil Week (AOW) has announced their partnership...
NIMASA Seeks Synergy between Cabotage and Local Content Act
By Oge Obi,
For effective shipping logistics in the country, the Director General of Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has called...
