In a bid to bolster investment and competitiveness within Africa’s oil and gas sector, national oil companies (NOCs) in Nigeria and Angola…
Category:
Oil and Gas
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Oil and Gas
Tinubu remove NNPC group CEO Mele Kyari, sacks board, appoints Bashir Bayo Ojulari as 20th MD
President Bola Ahmed Tinubu has approved the overhaul of the Nigerian National Petroleum Company (NNPC) Limited, removing Mallam Mele Kyari as Group…
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Crude oil prices edged higher on Wednesday as market participants braced for U.S. reciprocal tariffs due to be announced at 2000 GMT,…
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Nigerian Society of Engineers (NSE) has commended President Bola Tinubu for appointing seasoned professionals to lead the Nigerian National Petroleum Company (NNPC).…
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Oil and Gas
Africa Energy Bank gains momentum with capital contributions from Nigeria, Angola, Ghana
In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy…
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The oil prices declined in the global commodities market on Tuesday ahead of April 2 reciprocal tariffs implementation. The uncertainties about U.S…
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Crude oil prices climbed about 1% to a five-week high on Monday on worries supplies could decline if U.S. President Donald Trump…
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Oil and Gas
NEITI plans review of $6bn divestments by IOCs, pledges to monitor spending of oil, gas, mining revenues
Nigeria Extractive Industries Transparency Initiative has announced a review of divestments involving 26 oil blocks worth $6.03 billion by five International Oil…
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Oil and Gas
MOSOP insists on justice for Saro Wiwa, others says oil resumption can’t create jobs for Ogoni people
Movement for the Survival of the Ogoni People (MOSOP) has described as deceptive, the claims being peddled by oil resumption merchants, that…
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MRS Oil Nigeria Plc has announced a decision to voluntarily delist from the Nigerian Exchange Limited (NGX) and move to the NASD…
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Oil prices were set for a third weekly gain on Friday as the U.S. ramped up pressure on Venezuela and Iran, though…
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Crude oil prices edged higher on Thursday and hovered near one-month highs on concerns about global supply, but new U.S. tariffs and…
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Ahead of its H1 2025 launch, the Africa Energy Bank – developed jointly by Afreximbank and the African Petroleum Producers Organization (APPO)…
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Trans Niger oil pipeline has been fully restored and is working normally, after it was ruptured by a blast last week, Renaissance…
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Crude oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose 25 per cent on countries that…