December 14, 2020

Chariot Oil & Gas agrees key terms on new licence

Africa focused transition energy company Chariot Oil & Gas has negotiated the key terms of a new licence, Rissana Offshore in Morocco. The formal award of the licence is anticipated […]
November 2, 2020

BW Energy acquires jack-ups

BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilizing a converted jack-up rig to […]
September 26, 2020

FG sinks $5.8bn in Mambilla Hydroelectric…

The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project. The Mambilla Hydroelectric Power Station, […]
September 7, 2020

Deregulation News: N1tr subsidy payment saved — FG

Minister of State, Petroleum Resources, Mr Timipre Sylva on Thursday said the Federal Government has saved over N1 trillion since it announced full deregulation in March.  […]
August 20, 2020

News: Oil companies wonder if it’s worth looking for oil anymore

A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new […]
August 18, 2020

NERC Knocks DISCOs Over Deliberate Power Outages

The Nigerian Electricity Regulatory Commission (NERC) has cautioned the 11 Distribution Companies (DisCos) for deliberating isolating some 33 kilovolts (kV) feeders to limit energy loads, thereby […]
August 15, 2020

News: CBN pegs equity funding for agric schemes at N2b

The Central Bank of Nigeria (CBN) has pegged non-interest banks’ funding of agricultural programmes at a maximum N2 billion equity. The investment is set at 40 […]
August 15, 2020

Senegal promotes rural electrification

Senegal’s Ministry of Petroleum and Energies announced the exemption of value added tax (VAT) on equipment destined to producing renewable energy. The list of 22 electricity […]
August 15, 2020

Africa Energy to commence exploration drilling

Africa Energy announced it expects to commence an extremely active and potentially transformational period with spud of the Luiperd-1 well on Block 11B/12B offshore South Africa, where it […]
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