Although the oil and gas industry in Guinea Bissau is still nascent in comparison to other countries in the region such as Senegal, which is on schedule to deliver first oil in 2023, there has been growing interest from a number of independent exploration and production (E&P) companies who are working in partnership with the
South Africa’s mining sector delivered a solid financial performance for the 2020-2021 financial years with value delivered to all stakeholders despite the current challenging pandemic environment. The excellent financial performance resulted in mining companies being in a very strong financial position, with record distributions to shareholders and more than a tripling in taxes paid. Debt
As one of Africa’s top emerging natural gas producing markets, the Senegalese government has taken a proactive approach to ensure an attractive and enabling environment for investors, promoting energy diversification and expansion, and driving significant levels of investment into the sector. Due to demonstrated political will, Senegal has seen accelerated progress in recent years across
The Department of Petroleum Resources (DPR) will soon cease to exist once the board members of the Nigerian Upstream Regulatory Commission (NURC) swings into action. Senate President Ahmad Lawan stated this on Wednesday after the Senate confirmed the appointment of board members of the commission. NURC is one of the creations of the Petroleum Industry
The controversy surrounding the sale of OML 29 by Shell Petroleum Development Company of Nigeria to Aiteo Eastern Exploration and Production Company Limited in 2014 may be far from being over as Aiteo has again dragged Shell to court over what it alleged as “fraud, deceit and misrepresentation” in the sale. In a suit, FHC/ABJ/C8/738/2021,
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