Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. The Organisation of Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December. The report said the figure showed an increment of 47,000 barrels
Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09, located in the Douala basin on the border of Cameroon. Representing a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the country itself in its journey towards resource maximization, the agreement
American multinational energy corporation, Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09, located in the Douala Basin on the border of Cameroon. Representing a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the country itself in its journey towards
The pump price of Premium Motor Spirit, popularly called petrol, may go higher than the projected N340/litre in February 2022 when the Federal Government removes its subsidy on the commodity, oil marketers said on Tuesday. Also, it was gathered that both independent and major oil marketers were perfecting plans to resume PMS imports once the
The private sector, specifically those in businesses relating to the oil and gas industry, want the governments of Uganda and Tanzania to lift some national laws that hinder companies from trading especially across the border. Focus has increasingly been put on projects that companies in Uganda may want to undertake in Tanzania and vice-versa for
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