Wednesday, March 29, 2017

Total Commences Production At Congo’s Biggest Oil Field

French oil giant Total has announced the commencement of production at the 100,000 bpd capacity Moho Nord offshore oil field in Congo. Total, which holds a majority stake in the oil field, said in a...

Oil Production: Angola Retains Continental Top Spot

Angola continued as Africa's number one oil producer in February, beating Nigeria to the second spot, according to the Organisation of Petroleum Exporting Countries (OPEC) monthly report on the oil market. After having remained below...

Zambia: Engen Ramps up Value-Added Services, Boosts Bakery, Poultry Sectors

Engen Petroleum, a leading producer and marketer of fuels, lubricants and oil-based products is boosting growth in Zambia through its value-added services by introducing a Chicken Corner offering to the ever-popular Corner Bakery brand. Engen began...
Oil

Nigeria Woos Oil and Gas Investors with Planned Tariff Reduction

Nigeria's Oil & Gas Free Zones Authority, OGFZA, has stepped up efforts to attract investment into the sector by announcing plans to grant tariff cuts. The managing director of OGFZA, Okon Umana, who disclosed this...
Algeria

Angola: Sonangol to Maximize Drilling Vessels Profitability

· Extols Partnership with ExxonMobil Angola’s State-run Oil Company "Sonangol" has announced plans to restructure the operations of its two drilling oil vessels with the aim of making it more profitable. In a press release, the...

Nigeria: ULC Endorses Govt’s Plan to Licence Modular Refineries

The United labour Congress of Nigeria (ULC) has expressed support for the licensing of modular refineries in the country to help reduce the country's dependence on imported refined petroleum products. The endorsement is coming on...

Oranto Launches $500m Oil Exploration Campaign in South Sudan

EPSA contract signed today in Juba for South Sudan acreage. Oranto Petroleum is the 90% shareholder and operator of large Block B3, plans to invest $500 million for exploration and development. Government looks...

NPA emerges 2016 Africa Downstream Regulator of the Year

The National Petroleum Authority (NPA) won the Oil Trading and Logistics (OTL) Downstream Regulator of the Year 2016 in Africa Award. “The award commends the NPA for its robust regulatory environment and remarkable navigation of...
Oil

Angola Exports Over 50 million barrels of oil in January

Angola exported last January 52.2 million barrels of crude oil at an average price of more than USD 51, the data are contained in a monthly report on oil revenues sale of Ministry of...

OPEC Needs Consistent Investment Buffer against Future Crisis – Barkindo

The Organisation of Petroleum Countries, OPEC, will require consistent investments to maintain current production and avert future supply crisis. OPEC is gradually recovering from its worst experience as a result of the global oil crisis,...