West Africa

Nigeria Spends 40% of FX on Importation of Petrol
Oil & Gas West Africa

Nigeria Spends 40% of FX on Importation of Petrol

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday lamented that the country spends almost 40 per cent of...
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Ivory Coast celebrates oil find as west turns away from fossil fuels.
Oil & Gas West Africa

Ivory Coast celebrates oil find as west turns away from fossil fuels.

Abidjan hails biggest discovery in two decades but critics raise risks and developed world’s focus on renewables. The Ivorian Society...
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With N200bn Capitalisation, President Tells NNPC to Compete with Global Best
Oil & Gas West Africa

With N200bn Capitalisation, President Tells NNPC to Compete with Global Best

The newly incorporated Nigerian National Petroleum Company (NNPC) Limited has a capitalisation of N200 billion. This emerged yesterday in Abuja...
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N2.65tn Unremitted Funds: Buhari Approves NEITI, Others’ Plan to Go After 77 Defaulting Oil Firms
Oil & Gas West Africa

N2.65tn Unremitted Funds: Buhari Approves NEITI, Others’ Plan to Go After 77 Defaulting Oil Firms

President Muhammadu Buhari has given the go-ahead to a coalition of anti-graft agencies, including the Nigeria Extractive Industries Transparency Initiative...
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Guinea-Bissau, Boosting Oil & Gas and Industry Development While Promoting Local Content
Oil & Gas West Africa

Guinea-Bissau, Boosting Oil & Gas and Industry Development While Promoting Local Content

Although the oil and gas industry in Guinea Bissau is still nascent in comparison to other countries in the region...
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Senegal’s Rising Petroleum Industry Incurs Additional Investments
Oil & Gas West Africa

Senegal’s Rising Petroleum Industry Incurs Additional Investments

As one of Africa’s top emerging natural gas producing markets, the Senegalese government has taken a proactive approach to ensure...
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Nigerian Upstream Regulatory Commission to replace DPR.
Oil & Gas West Africa

Nigerian Upstream Regulatory Commission to replace DPR.

The Department of Petroleum Resources (DPR) will soon cease to exist once the board members of the Nigerian Upstream Regulatory...
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Another Oil Lawsuit Against Shell Alleges Fraud, Deceit, Misrepresentation
News & Features Oil & Gas West Africa

Another Oil Lawsuit Against Shell Alleges Fraud, Deceit, Misrepresentation

The controversy surrounding the sale of OML 29 by Shell Petroleum Development Company of Nigeria to Aiteo Eastern Exploration and...
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Anxiety as $15bn Petro Union judgement hangs over Nigeria, amid rising debt
Oil & Gas West Africa

Anxiety as $15bn Petro Union judgement hangs over Nigeria, amid rising debt

The Federal Government’s recent move to borrow an additional $4.179 billion has been greeted with a massive outcry across the...
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Nigeria’s petroleum imports exceeded exports by $43.56bn – OPEC
Oil & Gas West Africa

Nigeria’s petroleum imports exceeded exports by $43.56bn – OPEC

The amount spent on the importation of petroleum products into Nigeria in 2020 is $43.46bn higher than the revenue which...
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