Oil & Gas

Nigerian court orders fresh trial of Blue Dolphin Limited over illegal oil bunkering

Justice Philomena Ekpe of the Court of Appeal, Calabar division, Cross Rivers State,   on Tuesday, May 19, 2020  set aside the decision of a Federal High Court sitting in Uyo, Akwa Ibom State, which acquitted Edward...

Femi Adesina: Averting the road to Venezuela

Let’s tell the story of Venezuela, because it bears striking similitude with that of Nigeria. Just like us, Venezuela is rich in oil, very rich. At a time, the county’s problem was not...

Atiku Abubakar writes an opinion article on “how to pull Nigeria from the brink”

On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear...

Nigeria to cut down N10.59 trillion 2020 budget over fall in oil prices

The Nigerian Senate on Tuesday said a cut to the N10.594 trillion budget for 2020 passed by the National Assembly on December 5, 2019, was “inevitable” following the crash in crude oil prices.

Climate change denier: “We must not jeopardize Africa’s future in the name of fighting climate change”

Pressure is building to phase out fossil fuels in Africa to fight climate change. Organizations ranging from the World Bank to the European Investment Bank (EIB) have dropped support for African fossil fuel production in hopes...

Central Energy Fund partners with Africa Energy Indaba, an oil and gas conference in Cape Town

The Central Energy Fund (CEF) has announced its partnership with the Africa Energy Indaba, an energy conference to be held in Cape Town, South Africa, from March 2 to March 4, 2020. The...

IMF praises Equatorial Guinea’s oil and gas contract transparency, urges fiscal discipline and improved tax administration

The International Monetary Fund (IMF) on Friday welcomed Equatorial Guinea's decision to publish oil and gas contracts, which started this week as a way of bringing more transparency into an industry known for its opacity.

Africa Energy Indaba 2020 reinstates marketplace matchmaking Program to connect energy stakeholders

The Africa Energy Indaba has established itself as Africa's leading and most promising energy event. Founded in 2009, the event has experienced a progressive evolution in presenting pivotal opportunities to participants to forge lasting corporate relationships, curate professional networks, explore new...

2020 could be Shell’s year of human rights abuses reckoning in Nigeria – Amnesty

In 2020 Shell will face unprecedented legal scrutiny over decades of human rights abuses in Nigeria, Amnesty International said on Monday, as the oil giant braces itself for conclusions in a string of European court battles....

Angola set to attract more foreign direct investment into oil and gas, partially privatize Sonangol by 2022

Government reforms in oil sector including at national oil company SONANGOL already yielding positive results, with 30 percent of the company set to be privatized by 2022; Sector reforms to be backed up by an investment...

Latest News

African Development Bank approves €188m ($204m) loan for Mauritius to respond to COVID-19

The African Development Bank has approved €188 million ($204 million) loan for Mauritius to respond to the COVID-19 pandemic, the...

African Development Bank: Tolling Bells for Humanity – Perspectives by Equatorial Guinea’s Minister of Finance Cesar MBA ABOGO

COVID-19 is severely testing Africa's social, economic and political resilience. While it is true that our countries are taking bold actions to...

African Development Bank approves €188m ($204m) loan for Mauritius to respond to COVID-19

The African Development Bank has approved €188 million ($204 million) loan for Mauritius to respond to the COVID-19 pandemic, the Group’s Board of Directors said...

IMF’s Abebe Aemro Selassie: African countries need additional $44 billion in 2020 to mitigate COVID-19 economic impacts

Abebe Aemro Selassie is the director of the African Department at the International Monetary Fund (IMF). In this column titled 'Africa’s Hour...

IMF discloses COVID-19 interest rate on loans for countries in Sub-Saharan Africa

The International Monetary Fund (IMF) has disclosed the COVID-19 interest rate on loans as well as loan terms for countries in...

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