Oil & Gas

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...

Niger Delta: Open letter to Buhari on presidential amnesty program

The leading stakeholders captured in the Presidential Amnesty Program have commended Mr. President for sustaining the program thus far, adding that the FG’s continued support towards the mandate of the program has given the ex agitators...

Putin re-appoints Africa friendly Alexander Novak as Russia’s energy minister

Russia’s President Vladimir Putin has appointed a new cabinet, keeping key ministers. Amongst those retaining their seats in office is the country’s energy minister Alexander Novak who played an instrumental role in the oil production deal...

Marathon Oil to increase investment in Equatorial Guinea following meeting with President Obiang

Marathon Oil Corp, one of the biggest energy investors in Equatorial Guinea, has committed to increase its investment in the required infrastructure to support the Government’s vision for the Gas Mega Hub and the Year of...
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BREAKING: U.S. coronavirus death toll hits roughly 2500

COVID-19, the respiratory disease caused by the novel coronavirus has killed nearly 2500 people in the...
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German finance minister Thomas Schäfer commits suicide over coronavirus economic concerns

A German finance minister Thomas Schäfer is believed to have committed suicide over concerns the fast spreading novel coronavirus would have...

BREAKING: 135 deaths, 311 recoveries and 4,368 coronavirus infections in 46 African countries

At least 135 people have died from coronavirus in Africa, up from 117 on Saturday, according to latest figures compiled by...

Buhari shuts Nigeria’s most populous state Lagos and capital Abuja for 14 days to combat COVID-19

Nigerian President Muhammadu Buhari has locked down most populous state, Lagos, capital Abuja, and Ogun state, for 14 days, to contain...

BREAKING: 756 dead from coronavirus in Italy in past 24 hours bringing total death toll to 10,779

Coronavirus again claimed the lives of 756 people in Italy in the past 24 hours, bringing the total death toll in...
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