Ghana’s President Nana Addo Dankwa Akufo-Addo is expected to launch the country’s maiden Oil and Gas Licensing Round on Monday, October 15, 2018 in Accra. The purpose of the licensing round is to enable the government of Ghana to transparently invite, negotiate and enter into petroleum agreements with competent and capable companies, who will explore…
The Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content Act in the country. Mr Anthony Chiejina, the Group Head, Media Communications, Dangote Group said this in a statement made available to…
As part of the efforts to restore the confidence of foreign investors in Nigeria’s free zones, the Nigerian Export Processing Zones Authority (NEPZA) has set up a committee to probe into the dispute between the Lagos Deep Offshore Logistics Base (LADOL) and its foreign partner, Samsung Heavy Industries (SHI). It was gathered that the committee…
The Federal Government should try and deepen activities in the downstream sub-sector of the nation’s petroleum industry by creating a more conducive environment and infrastructure for operators, especially marketers, Vice Chairman, Southwest chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Debo Ahmed, has said. The development, Alhaji Ahmed said, became necessary in…
Minister of State for Mines and Steel Development, Abubakar Bawa Bwari has said the Federal Government in its determination to boost the country’s economy invested in solid minerals to save the sector from collapse. He said this yesterday while receiving a team of bitumen investors from the United Kingdom (UK), led by Chief Executive Officer…
The US Energy Information Administration on Wednesday boosted its Brent and WTI crude oil price forecasts on uncertainty over the impact of the looming re-imposition of US sanctions on Iranian crude exports. In its Short-Term Energy Outlook, EIA forecast Brent to average $74.43/b in 2018, up $1.59 from last month’s forecast, and WTI at $69.56/b…
The Presidential Committee on Revenue Mobilisation may have jettisoned the revenue reporting and remittances template of the Nigerian National Petroleum Corporation, NNPC, with a new template now underway. A hint on this was given by the Finance Minister, Hajiya Zainab Ahmed, while addressing the media at the concluding sessions of the Annual Meetings of the…
GE Power scope of work at Medupi includes six turbine islands, air cooled condensers and overall project and construction management JOHANNESBURG, South Africa, October 10, 2018/ — Marks the fifth Medupi unit to come into service, increasing plant capacity to 4,000 MW – enough power for nearly three million South African households; GE Power scope of…
Strong and coherent energy policies that successfully integrate the three dimensions of sustainability, equity, and security of supply which constitute the Energy Trilemma are not just the preserve of rich countries, a report by the World Energy Council, WEC has disclosed. The report which was launched today at the World Energy Week taking place in Milan disclosed that strong…
The price of OPEC basket of fifteen crudes stood at $83.17 a barrel on Tuesday, compared with $81.88 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic…