Demand for Angolan crude from Chinese refiners in the run-up to the lunar new year holiday has all but drained supplies of March-loading cargoes, while Nigerian differentials have held up thanks to a draw of barrels to European refiners. * Traders said there are fewer than five March cargoes left, meaning the programme has effectively…
Fifteen finalists have emerged in the 2018-2019 Startupper challenge of the Year sponsored by Total. In a list sent by the firm on Monday, the shortlisted finalists were selected out of more than 5,212 entries, through a questionnaire and a “Share for Likes” voting phase, before being reviewed by social business professionals. They include: Amoo…
The discovery, which will help open a new hydrocarbons province in South Africa, could prove the presence of billions of barrels of oil equivalent in South African waters JOHANNESBURG, South Africa, February 7, 2019/ — Gas discovery in the offshore Outeniqua Basin speaks to South Africa’s hidden oil & gas potential; gives an opportunity for…
Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas HOUSTON, United States of America, January 28, 2019/ — The company plans to drill in Block Z; Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas; RoyalGate is also interested in Angola’s marginal field licensing round African independent RoyalGate Energy (RoyalGateEnergy.com) has been…
This technical assistance will support South Sudan in building an enabling environment for business and a world-class oil industry for the benefits of all citizens and investors JUBA, South Sudan, January 30, 2019/ — The Chamber will mobilize capacity building initiatives; it will work on reforms to boost an enabling environment for oil investors; it…
The total investment of the project will be over one billion dollars RIYADH, Kingdom of Saudi Arabia, February 1, 2019/ — The world’s largest thin-film solar power solution company, Hanergy Thin Film Power Group (00566.hk) (en.HanergyThinFilmPower.com) has signed an MOU investment cooperation agreement with Ajlan & Bros on Monday (Jan. 28) in launching the first…
International business leader and founder of Aiteo Group, Benedict Peters was awarded African Icon of the Year at the Foreign Investment Network (FIN) and Federal Ministry of Petroleum Resources Honorary Patrons Dinner and Awards Night which held at the Nigeria International Petroleum Summit, Abuja on January 28, 2019. The award is an acknowledgement of Peters’ significant…
North Africa & the Mediterranean’s Largest Oil and Gas Conference Returns to Egypt in February 2019 Cairo, Egypt, 23 January 2019 – The Egypt Petroleum Show (EGYPS) returns with its third annual flagship strategic conference this February, kick-starting the opening of the Show on Monday 11 February, 2019 at the Egypt International Exhibition…
ExxonMobil is in the market for a contractor to carry out geophysical and geotechnical work in preparation for its Owowo deep-water project off Nigeria. Pre-qualification documents have been released for an initial geophysical programme and a follow-on geotechnical campaign, with responses due back on 13 February. Holding between 500 million and 1 billion barrels of…
President Muhammadu Buhari has directed the Nigerian National Petroleum Corporation (NNPC) to extend its crude oil exploration to six basins in the country. Mr Buhari gave the directive at Barambu town in Alkaleri Local Government Area of the Bauchi State on Saturday while flagging off the commencement of drilling activities at Kolmani-II Oil Well, Gongola…