The African Energy Chamber is delighted to announce the official release of its 2021 African Energy Outlook. Johannesburg, November 10th, 2020: It has been a year like no other for African oil and gas. The COVID-19 pandemic shattered domestic and external energy markets, prices tumbled, and the industry experienced an unprecedented downturn. Prior to the…
By Mordi Chukwunonso Esther The Nigerian National Petroleum Corporation and indigenous producer FIRST E&P has said that Oil production from Nigeria’s Anyala West field has commenced. Nigeria’s Anyala West field is located in the shallow offshore blocks of OML 83 and 85. This is Nigeria’s newest oil development since the start-up of the giant 200,000…
By Mordi Chukwunonso Esther The Nigerian National Petroleum Corporation’s (NNPC) upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), has reported an explosion at its production facility in Oil Mining Lease (OML) 40 involving its partners Elcrest Exploration and Production Nigeria Limited while carrying out production evacuation at Gbetiokun Early Production facility. The OML 40 licence…
By Mordi Chukwunonso Esther According to the United States Energy Information Administration, Nigeria and other members of the Organisation of the Petroleum Exporting Countries (OPEC) will see their combined net oil export revenue fall this year to its lowest level since 2002. The EIA, in its latest forecast, said members of OPEC would earn about…
A second-year student of Pharmaceutical Sciences at the University of Port Harcourt, Rivers State, Mr. Abasiekeme Edet has won One Million Naira (N1,000,000) at the 4th edition of the Nigerian Content Development and Monitoring Board (NCDMB) Annual National Undergraduate Essay competition. The prize giving ceremony was held in Yenagoa, Bayelsa State on Wednesday and the essay…
Daniel Terungwa There appears a sigh of relief for importers from the traffic gridlock experienced on the Apapa and Tin Can Island Port roads, as Jakys Nigeria Limited berthed 32,000 Square meters throughout the terminal at Ijegun area of Satellite Town Lagos. With about 32,000 square meters, the terminal is expected to accommodate over 5,000…
Daniel Terungwa The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported an explosion at a production facility in Oil Mining Lease 40 involving its partners, Elcrest Exploration and Production Nigeria Limited. A spokesperson for NNPC, Kennie Obateru, said on Tuesday that the explosion led to the damage…
Daniel Terungwa The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that the maritime industry is the best option for the diversification of the nation’s economy. Jamoh stated this in a paper titled “Maritime Security and National Development in Nigeria: The Role of NIMASA”, which he presented to Course 29…
Daniel Terungwa After approval of Tullow sale to Total, the government and joint venture partners in the Lake Albert Development Project are now working on pending issues to meet the December target for Final Investment Decision (FID). Energy Minister Mary Goretti Kitutu gave the approvals on Wednesday, October 21 – marking Tullow’s exit from Uganda’s…
Daniel Terungwa The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, announces the adjustment of fuel prices based on current local and international factors with effect from the 4th of November 2020. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that…