Nigeria to Set Up Solid Minerals Corporation to Attract Investment Nigeria plans to set up the Nigerian Solid Minerals Corporation, a state-backed company to help attract investments into the extraction of gold, coal, iron-ore, bitumen, lead, limestone and baryte, a minister said recently. “The proposed corporation will seek and secure partnership investment agreements with big…
TWF 2nd Annual Conference and Exhibition on Materials Manufacturing Technologies-Managing Capacity Africa, will hold from 5-8 Mar, 2024 in Lagos, Nigeria (www.twfassembly2024.org) TWF Annual Assembly and Conferences is Africa’s table of solution to growing productivity in manufacturing that brings together scientists, engineers, industrialists and policy makers to interact, review and discuss adoption, adaptation and…
Ministry of Power Endorses Nigeria Energy Exhibition and Conference To Foster Partnerships between Key Stakeholders in the Energy Industry The Federal Ministry of Power has pledged its support for the 2023 edition of Informa Market’s Nigeria Energy Exhibition and Conference, recognizing it as a platform for critical stakeholders to explore issues in the Energy industry….
TotalEnergies Appoints Matthieu Bouyer, Managing Director/Chief Executive, TotalEnergies Upstream Companies in Nigeria Mr. Matthieu BOUYER has been appointed the Managing Director/Chief Executive of TotalEnergies Upstream Companies in Nigeria and representative of TotalEnergies Company in Nigeria effective August 21, 2023. A graduate of the Ecole Centrale in France, Matthieu BOUYER joined Total in 2005 through the…
Nigeria Records 168 Oil Spill Incidents in 8 Months Nigeria recorded 168 incidents of oil spill as oil and gas companies operating in the country spilled 5,520 barrels of crude oil between January and August 2023, according to data released by the National Oil Spill Detection and Response Agency (NOSDRA). NOSDRA, in its oil spill…
Brazil’s Oil & Gas Production Hits Record Highs Brazil’s oil and gas production hit the highest level ever for a single month in July, with production totaling 4.48 million barrels of oil equivalent per day in the period, data from oil regulator ANP has revealed. According to ANP, oil output increased 18.6%Y/Y to 3.51 million…
Chinese Oil Giant Sinopec Launches Unit to Invest in Overseas Refining Chinese refining giant Sinopec has launched a unit to invest in refining and petrochemicals assets outside China to expand on markets with growing demand and easily available feedstock, company officials have told Reuters. Sinopec is currently building the team at Sinopec Overseas Investment Holding…
Poland Uses Tankers that Shipped Russian Crude to Import Middle Eastern Oil Poland’s state energy company Orlen has used at least 10 tankers that had carried Russian crude to Asia to import oil from the Middle East, Reuters has reported, citing unnamed trading sources. This means that the price of the imported crude must have…
Gabon’s Assala Energy Says Oil Production Unaffected by Coup Assala Energy, which is wholly owned by Carlyle Group, said its oil production in Gabon has been unaffected by the military coup in the country. “We can confirm that all our personnel are safe, our operations continue as usual and our production is not affected,” a…
GCR Affirms Axxela’s Issuer Ratings At A-(NG) / A2(NG) with a Stable Outlook Axxela Limited (“Axxela”), one of the leading gas and power companies in Sub-Saharan Africa has announced the reaffirmation of its national scale long-term and short-term issuer ratings at A-(NG) and A2(NG) respectively, with the Outlook revised to Stable by Global Credit Ratings…