An energy and infrastructure conglomerate, Sahara Group, has said it will invest over $1bn to enhance access to Liquefied Petroleum...
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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.
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
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
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
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
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.
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
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
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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