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Making Nigeria’s petroleum industry attractive to investors

If properly implemented, the state-owned Nigerian National Petroleum Corporation will be purely commercial with the intention of maximising its return on investment.
oil Angola

Angola oil company exchanges black for green in restructuring

Angola’s National Oil Company Sonangol has announced it is going public, restructuring as a comprehensive National Energy Company rather than strictly oil focused.
Nigeria

World Bank releases Nigeria economic update report

The latest Nigeria development update report, Resilience through Reforms says that Nigeria has exited from its deepest recession in four decades as COVID-19 restrictions were eased. With poverty increasing in 2020 due to the combined effects of COVID-19 and rising prices, the report recommends policy options that can help reduce inflation and protect poor households from its impacts.
Dangote Oil Refinery

World’s largest oil refinery project to help meet Nigeria’s oil demands

XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zone in Lagos, Nigeria.
crude oil pipeline

Will the East African Crude Oil Pipeline really benefit all?

The East African Crude Oil Pipeline (EACOP) is expected to reach a Final Investment Decision (FID) as soon as the end of March 2021.This will pave way for the commencement of the construction phase of the pipeline.
oil well Southeath Meleiha Concession Egypt Apex

Apex International Energy discovers oil in Egypt’s Western Desert

Apex International Energy has announced a new oil discovery in the Southeast Meleiha Concession in the Western Desert of Egypt.
oil pipe

Flagging energy commodity prices are dragging down African economies

Energy commodity prices are not expected to return to pre-COVID-19 levels any time soon, says the World Bank.
Gas Megahub project

New gadget for tracking oil and gas-related sources of methane

The IEA has launched a new online tool that tracks oil and gas-related sources of methane, a major and often overlooked greenhouse gas.
Natural gas

S.Africa and S.Sudan sign exploration and production sharing agreement

The agreement is the second EPSA signed since South Sudan gained independence in 2012 and shows progress for the country’s oil industry as production resumes at existing oilfields and new exploration begins.

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