The Chairman and General Director of the Algerian state company Sonatrach, Abdelmoumen Ould Kaddour, and the Chief Executive Officer (CEO) of Eni, Claudio Descalzi, inaugurated a 10 MW solar plant today in Bir Rebaa North (BRN) in Algeria. The plant, co-operated by Eni and Sonatrach through the GSA (Groupement Sonatrach-Agip), will provide green energy to…
Shell’s geoscientists have put a figure on the company’s recent gas and condensate discoveries, made in the course of a drilling campaign onshore Eastern Nigeria. The company encountered 1.5Trillion cubic feet of gas and 42 Million barrels of condensate, in shallow and deep reservoirs. The revelation came in the course of several technical sessions at…
Lekoil, the oil and gas exploration, development and production company with a focus on Africa, has announced that the Company has written to the Federal Ministry of Petroleum Resources for a relief from enforcement of expiration of the exploration licence for lease OPL 310 in which it holds an unconditional 17.14 per cent interest and…
French oil giant, Total said it has boosted Nigeria’s oil production balancing its overall production with well over 3 billion barrels of oil since it began oil exploration in the country. Providing some insights into its upstream activities run by its exploration and production affiliate, the company’s managing director and chief executive officer, Nicolas Terraz,…
The U.S. president is fond of Twitter rants against the oil producer countries. But if they don’t manage the oil price, who will? The U.S. Department of Justice is formally reviewing antitrust laws aimed at curbing OPEC’s power over oil markets, raising the prospect of anti-OPEC legislation landing on President Donald Trump’s desk for signature. Tempting as…
The map lays out OPEC’s nightmare in graphic form. An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low…
Luanda – The second conference on Local Content in the oil and gas industry of the African continent will be held for the second time in Luanda on the 26th and 27th of November. According to a press release from the Ministry of Mineral Resources and Petroleum that ANGOP had access Wednesday the conference will…
Trinity Energy Ltd, a South Sudan homegrown Oil Marketing Company will in the first quarter of 2019 shall start construction works of South Sudan’s first oil refinery targeting to supply the East Africa countries with the region sourcing Petroleum products amounting to 15 million tons mostly from Asian Refineries. This follows the award of a…
JUBA, Nov 23 (Reuters) – South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday. South Sudan’s oil industry is dominated by Asian firms including China National Petroleum Corporation (CNPC), Malaysia’s…
The 180,00 barrels per day SAPREF refinery, South Africa’s largest, is a 50:50 venture between Royal Dutch Shell and BPSA, a subsidiary of British oil major BP CAPE TOWN: BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce…