Forte Oil’s shareholders are unbothered about the company’s business dealings whether successful or otherwise, as long as they continue to enjoy a good return on their…
The indigenous oil company, Oando PLC has registered yet another win with the publication of N4.2 billion profit-after-tax (PAT) in its Q1 2018 results, despite the…
Ghana’s government has disclosed that it will start awarding new oil blocks in the third quarter of this year, following the completion of mapping on nine…
Ghana has opened its first-ever pavilion at the 2018 Offshore Technology Conference (OTC) in Houston, Texas in the United States of America. The pavilion, which was…
The International Finance Corporation (IFC) is set to lend Mombasa Gas Terminal Limited (MGT) Sh4.8 billion to construct a liquefied petroleum gas (LPG) terminal in the…
A Consortium of private companies has signed a project framework agreement to set up a 60,000 barrels per day capacity refinery in Uganda’s Hoime District. When…
Hopes of the Organisation of Petroleum Exporting Countries (OPEC) ever witnessing an oil price of $100 per barrels has been dimmed by the latest forecast from…
Minister of Energy and Mineral Development Irene Muloni signed the contract with the Albertine Graben Refinery Consortium, which is led by General Electric after more than…
Oil exploration company Tullow says it will cost it about $780 million to construct the remaining wells on its TEN oilfields in the Western Region of…
Nigeria’s Bonny Light crude oil price touched it’s highest since 2014 at the weekend, supported by Organisation of the Petroleum Exporting Countries (OPEC) led production cuts,…
