Tuesday, March 28, 2017

China Secures More Oil, Gas Exploration Contracts In Sudan

China has obtained an exploration contracts for oil and gas in new blocks in Sudan. The Sudanese Minister of Petroleum and Gas, Dr. Mohamed Zayed Awad announced the approval of China to enter into new...

Nigeria’s Oil Corporation Signs Revised Oil Swaps

Nigerian National Petroleum Corp (NNPC) has set up four new crude swap contracts to replace those cancelled last month that were vital for bringing in about half of the country’s domestic gasoline demand. BusinessDay recalled...

Nigeria’s Sahara Group Seeks Plans To Raise $1.4b Via IPO, Bond Sale

Sahara Group, a Nigerian energy company, plans to raise as much as $1.4 billion through a dual listing of its oil and gas unit in London and Lagos, along with a debut dollar bond...

Mercuria Plans To Invest Over $200m In Forte Oil

Indication has emerged that Mercuria Energy Group Limited, one of the largest integrated energy and commodity trading companies in the world, is in close talks to buy a 17 per cent stake, worth over...

Ugandans Suffers Gas Shortage

Ugandans are said to be suffering from acute shortage of liquefied petroleum gas (LPG) that are used for cooking in the country, Footprint to Africa reports. Footprint to Africa observes that Ugandans are having difficulty...

Libya Oil To Expand Its Investment In Ethiopia

Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia. Two weeks ago, the corporate management of Libya Oil Holdings held a week...

Nigeria Has Capacity To Produce 20million Litres Of Petrol Daily- NNPC

Nigerian National Petroleum Corporation (NNPC) says the country had the capacity to  produce 20 million litres of petrol on daily basis. Dr Ibe Kachikwu, Group Managing Director of NNPC stated this during an official tour...
Algeria

Algeria to launch $262 bln five-year investment plan

ALGIERS (Reuters) - Algeria will launch a new five-year investment plan worth $262 billion to boost domestic production and move its economy away from reliance on oil and gas, the government said. The OPEC member north...
BRENT crud

Brent holds steady above US$108

BRENT crude held steady around US$108 a barrel yesterday as a surprisingly strong reading on Chinese manufacturing bolstered hopes for higher demand in the world’s No.2 oil consumer. China’s factory sector expanded at its fastest...
Power

Egypt: UAE willing to invest in oil sector, choosing between current projects: Petroleum Minister

By Footprint Reporter: July 8, 2014   In a surprise visit to the United Arab Emirates (UAE) on Sunday, the ministers of Oil, Finance, and Investment held meetings with Emirati officials to discuss new mechanisms through...