All posts by ogrepublic
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Government of Madagascar gets Euro 4 million for Sahofika hydropower project
ABIDJAN, Ivory Coast, — The African Development Fund has approved a 4.02 million euro loan with a grant component to finance the Government of Madagascar’s...
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Oil prices rise as countries relaxed coronavirus restrictions
NEW YORK (Reuters) – Oil prices rise in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen....
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Apex Industries joins Equal by 30 Campaign
The Equal by 30 campaign aims to have public and private sector commitments to work towards equal pay, equal leadership and equal opportunities for women...
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TSAVO Oilfield Services Joins Equal by 30 Campaign
NAIROBI, Kenya, — In yet another bold move, TSAVO Oilfield Services (TSAVO) becomes a signatory of the Equal by 30 campaign, alongside 7 key partners...
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Nigeria’s PPPRA Clears Oil Marketers to Import Fuel
Private oil marketers have joined the Nigerian National Petroleum Corporation in the importation of petrol, according to VON. The Petroleum Products Pricing Regulatory Agency in...
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Nigeria LPG Consumption Exceeds Target in Q1 2020
The Petroleum Products Pricing Regulatory Agency (PPPRA) is pleased to announce that the Country has exceeded its Liquefied Petroleum Gas (LPG) Consumption target for the...
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Damen delivers complete package for Korean multi-purpose vessel
Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package. The package includes...
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Industry Downturn Creates Opportunities for Local Content in Angola – Expert
LUANDA, Angola, — With an economic recession expected at -1.4% by the International Monetary Fund (IMF) this year, Angola is expected to be less hit...
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Total’s Investment Portfolio for Deepwater Projects in Africa Hits $160 billion
By Ndubuisi Micheal Obineme Mr. Mike Sangster, Managing Director, Total E&P Nigeria Limited, has said that Total has made a huge investment in deepwater water...
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Equatorial Guinea Signs First and Historic Mining Contracts
Five Mining contracts were signed with three different companies and follow the conclusion of the country’s first mining bidding round last year, EG Ronda 2019...
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Belarus set to receive first shipment of U.S crudeoil
WASHINGTON (Reuters) – The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in February, U.S. Secretary of...
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NLNG signs EPC Contracts with SCD JV Consortium
Nigeria LNG Limited (NLNG) has signed the Engineering, Procurement and Construction (EPC) Contracts for its Train 7 Project with the SCD JV Consortium, comprising affiliates...
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Eni, SEP to conclude Afina and Sankofa Unitization Agreement in Ghana’s Upstream Sector in August 2020
The conclusion of such an agreement would ensure efficient reservoir exploitation, avoid unnecessary competitive drilling and maximize economic recovery JOHANNESBURG, South Africa, — Following study...
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Damen delivers Multi Cat 1908 to Inverlussa Marine Services
On 30th March in Hardinxveld, the Netherlands, Damen Shipyards Group handed over a Multi Cat 1908 named Patricia Matheson to Inverlussa Marine Services. The company,...
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AFDB welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix
With this investment, CTF becomes the first progressive geothermal Independent Power Producer (IPP) in Ethiopia. ABIDJAN, Ivory Coast, — The African Development Bank (www.AfDB.org) has...
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COVID-19: Damen hosts digital steel-cutting ceremony for RoPax vessel
Shipyard uses digital communications to ensure safe steel-cutting ceremony during coronavirus outbreak On Monday, 27th April, Damen Yichang Shipyard in China hosted a steel cutting ceremony...
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African Energy Companies Join Equal by 30 Campaign for Women in Energy
The Equal by 30 Campaign is being rolled out with the aim to advance gender equality and ensure women are firmly at the centre of...
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Maersk Drilling revises financial guidance for 2020 and takes steps to reduce onshore organisation
Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) provides the following update on the impact of COVID-19 and lower oil prices. Revised financial guidance...
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Africa Oil & Power Launches Angola Oil and Gas 2020 Special Report
LUANDA, Angola, — Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday, May 7th, 2020; the available-for-download report provides the status...
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Africa Oil & Power launches Investment Report on Gabon’s Petroleum Sector
Natural gas has been identified as a key development driver for Gabon’s hydrocarbons sector LIBREVILLE, Gabon, — Through the Africa Energy Series Special Report: Gabon...
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NJ Ayuk: How Africa Can Make a Comeback from Oil Price Plunge & COVID-19 Pandemic
There has been a ray of hope: a landmark production-cut agreement among OPEC, OPEC+ and G20 stakeholders on April 12 put an end to the...
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Moody says APICORP’s ‘Aa2’ Rating is Stable Despite Current Economic Conditions
APICORP continues to be the only Aa2-rated financial institution in MENA region Rating reaffirmation based on strong capital adequacy, high asset quality and strong asset...
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IOCs reports historic loss, Cut Production in Permian Basin
The biggest U.S. oil producers reported historic losses last week and predicted that it could take months to recover as the coronavirus pandemic continues to...
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COVID-19: AEC, IAGC Calls on African Government to take Action to Sustain Oil & Gas Industry
These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in the African oil and gas sector in...
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OTC Announces Spotlight on New Technology Awards Recipients
Houston, Texas, USA — The Offshore Technology Conference (OTC) announces the 2020 recipients of the Spotlight on New Technology® Award. Eighteen technologies from 14 companies...
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Equatorial Guinea grants 2 Years Extension to Oil & Gas Exploration Companies
The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in Equatorial Guinea The MMH will also ensure flexibility...
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President Trump bans importation of certain power equipment
Washington, DC – President Trump has issued an executive order on May 1 banning the “acquisition, importation, transfer, or installation” of transmission and electric generating...
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OPEC Call for Papers on its Energy Review-Journal
The OPEC Energy Review is a quarterly energy research journal published by the OPEC Secretariat in Vienna. Each issue consists of a selection of original...
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APICORP CONTRIBUTES $500 MILLION TO MEMBER COUNTRIES TO TACKLE COVID-19 PANDEMIC
Dammam, Saudi Arabia: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that it has launched a USD 500 million countercyclical...
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OPEC Says Oil Price May Rise To $40 In Second Half Of 2020
OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the...
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Fostering Financial Inclusion for Senegalese Local Companies in the Energy Sector
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API and AEC signs MOU to expand Natural Gas and Oil Industry Standards in Africa
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IoT and Maintenance Strategy: New Possibilities, New Paradigm
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OilNow: Rivalry in the Guyana Suriname Basin, the Holy Grail of oil and gas
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Case Study: Post-implementation Benefits of a Computerized Maintenance Management System
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