Oil up 2% to near 10-month high, OPEC predicts tight supplies
Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies. Brent…
Meet the company that can solve Nigeria’s electricity woes
There is a company called Ajaokuta-Kaduna-Kano Gas Pipeline Project (AKK). NNPC just claimed that this company can help to solve Nigeria’s electricity problems. The project is still in…
3 major states producing crude oil in Nigeria
As we all know, Nigeria is the top country producing oil and gas in Africa. It is the main way in which the country earns its revenue. In this…
Angola´s Oil & Gas Sector Ripe for New Investments
Angola is sub-Saharan Africa´s second-largest oil and gas producer with a current production capacity of about 1.1 million barrels of oil per day (bpd) and 17,904.5 million cubic feet of…
NNPC, AFREXIMBank, $5 Billion Funding For Oil & Gas Upstream Projects
The African Export Import Bank (AFREXIM Bank) has committed $5 billion in corporate finance to the Nigerian National Petroleum Company Ltd to fund major investments in the country’s upstream sector.…
Sasol to sell its indirect interest in the Escravos
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum. The world’s…