Nigeria’s state oil firm NNPC plans to renew its contract for crude sales with Indonesia which expired last year, part of moves to boost exports, it…
Qatari state-owned oil firm, Qatar Petroleum has reached an agreement to enter three offshore exploration blocks in Lamu Basin, east of Kenya, the company said in…
The Nigerian subsidiary of American oil multinational, Mobil Producing Nigeria Unlimited (ExxonMobil), has denied an allegation of owing the Federal Government to the tune of $1.8bn…
The Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has invested $100 million in Aker Energy A.S., a subsidiary of Aker ASA, one…
Green Energy International Limited, operator of the Otakikpo marginal field in Oil Mining Lease 11 in Rivers State, on Sunday, announced the signing of a $350m…
Nigeria’s oil and gas sector is expected to attract $48.4 billion (about N17.29 trillion) out of the industry’s $194 billion (about N69.84 trillion) capital investment flow into…
The global price for Brent crude, on Tuesday, plunged to $62 per barrel. This comes despite an extension to productions cuts agreed by members of the…
Chinese energy companies are making a push to invest in Equatorial Guinea and explore opportunities in the country’s oil, gas and minerals sectors at the upcoming…
In just three years after lifting its 40-year ban on crude oil exports, the United States has become one of the top 10 oil-exporting countries in…
The African Energy Chamber (AEC), the voice of Africa’s energy sector, has rejected recent accusations made by the BBC Panorama program with regard to the procurement…
