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Agencies

African Updates
Nigeria Changes Payment Structure For Joint Ventures

Nigeria Changes Payment Structure For Joint Ventures

Nigeria’s NNPC said it is changing the way energy joint ventures paid operating costs to help ensure smooth financing for projects that have often struggled to secure timely contributions from the state-run oil firm. The…

African Updates
Ghana Auctions Offshore Oil Block To Italian Major Eni In First Competitive Licensing

Ghana Auctions Offshore Oil Block To Italian Major Eni In First Competitive Licensing

Italian multinational oil and gas company, Eni and its partner Vitol have been awarded a new exploration and production license in Block WB03, located in the medium deep waters of the Tano Basin, offshore Ghana. The award…

World Updates
International Oil Companies Named Best Employers For Women

International Oil Companies Named Best Employers For Women

Oil majors; Royal Dutch Shell, Chevron and ExxonMobil have been named in America’s Best Employers for Women 2019 list. The list a brainchild of American Business magazine  Forbes. Click to See List Shell was the…

African Updates
Pipeline Explosion Kills Two In Nigeria

Pipeline Explosion Kills Two In Nigeria

Fire caused by an oil pipeline explosion Thursday in a satellite town of Lagos, Nigeria’s economic hub, has been put out, according to the Lagos state government. The fire, which occurred along the state-run oil…

Home News
‘We Feel Somewhat Frustrated’—Tullow Boss Says Gov’t Is Stalling Asset Sale Deal

‘We Feel Somewhat Frustrated’—Tullow Boss Says Gov’t Is Stalling Asset Sale Deal

Tullow Oil Plc won’t wait forever to get its Ugandan stake sale signed off. The U.K. oil company, which is trying to offload a 21.57% stake in Ugandan exploration areas to Total SA, has seen…

East Africa
Kenya Inks Milestone Deal With Total, Tullow & Africa Corp To Build Crude Processing Facility

Kenya Inks Milestone Deal With Total, Tullow & Africa Corp To Build Crude Processing Facility

The Kenyan government has signed agreements with oil major Total, Tullow Oil and Africa Oil Corp to develop a 60,000-80,000 barrels per day crude processing facility for oil discovered in the country’s northwest. The Petroleum…

African Updates
Giants Shell, Exxon Planning Comeback To Somalia?

Giants Shell, Exxon Planning Comeback To Somalia?

Royal Dutch Shell and Exxon Mobil are looking to return to Somalia ahead of an oil block bid round later this year, the East African country’s oil ministry said. Shell and Exxon Mobil had a…

East Africa
South Sudan President Fires Oil Minister Ezekiel Gatkuoth

South Sudan President Fires Oil Minister Ezekiel Gatkuoth

The South Sudanese president has appointed a new petroleum minister, removing Ezekiel Lol Gatkuoth, the presidential spokesman told Reuters on Wednesday, but the reasons for the move were unclear. The ministry is one of the…