Author: Chigozie Ikpo

Ghana National Petroleum Corporation’s (GNPC) to Showcase Approach to Driving Sustainable Progress in Ghana’s Dynamic Energy Sector at African Energy Week (AEW) 2023 …Kwame Baah-Nuakoh, General Manager of Strategy and Investment at the Ghana National Petroleum Corporation, will speak at this year’s edition of the African Energy Week 2023 conference At the forefront of Ghana’s…

CPPE CEO says Reforms to Progress Nigeria’s Oil and Gas Sector above Current N2Trn Value The Chief Executive Officer, CEO of the Center for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf has predicted that the value of Nigeria’s oil and gas industry currently at N12 trillion based on Gross Domestic Product, GDP in…

Nigeria Must Fully Implement the Petroleum Industry Act The signing of the PIA represented the culmination of more than 20 years of efforts to reform an oil and gas sector plagued by long-standing problems on multiple fronts For years, on behalf of the African Energy Chamber (AEC), I publicly encouraged Nigeria’s leadership to sign the…

Eni Takes Over Chevron’s Stake in Indonesia Deepwater Gas Project Eni signed a deal on Tuesday to take over U.S. oil giant Chevron’s stake in the Indonesia Deepwater Development (IDD) gas project, bolstering the Italian company’s position in the southeast Asian oil and gas producer. Chevron said it agreed to sell the shares of its…

India’s Reliance Posts Weak Profits on Underperforming Refining Segment  India’s largest energy company, Reliance Industries (NSE: RELIANCE), has posted lower-than-expected Q2 2023 profits after its petrochemicals and refining businesses underperformed. The oil-to-retail conglomerate owned by Asia’s richest man Mukesh Ambani saw net income fall 11% Y/Y to 160.1 billion rupees ($1.95 billion), well below the…

Novatek Set to Oust Gazprom as Russia’s Top Gas Supplier to Europe Increased supplies of liquefied natural gas (LNG) from Russia’s Novatek mean the company is close to overtaking Kremlin-controlled Gazprom as the country’s leading fuel supplier to Europe, Reuters calculations show. Novatek’s rise towards the coveted top spot underlines how much the Ukraine conflict…

Saudi Aramco Buys $3.4 Billion Stake in Chinese Petrochemical Firm Saudi Aramco said on Friday it had completed the purchase of a 10% stake in a Chinese petrochemical firm for the equivalent of $3.4 billion as the Saudi oil giant continues to expand its downstream footprint in one of its key export markets. Aramco successfully…