The Executive Vice Chairman, Alpha African Advisory, Mr. Mustafa Chike-Obi, has advised the federal government to put an end to certain subsidy arrangements and then pay greater attention to security and infrastructure. According to him, the three subsidies are fuel, foreign exchange and electricity subsidies. Speaking at an agenda-setting forum for the Buhari’s second term…
The 5,000 barrels per day modular refinery being developed by Waltersmith Refining and Petrochemical Company Limited would be completed in May 2020. The project has equity investment support from the Nigerian Content Development and Monitoring Board (NCDMB). This date was confirmed by the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote after inspection of the project…
Pan Ocean Oil Corporation, is spending about $500 million for an underground pipeline with a capacity to dispatch 150,000 barrels of crude oil a day. The idea is to avoid contact with oil thieves who siphon off an estimated 100,000 of crude a day. The company disclosed that the new pipeline will be put into…
LONDON, United Kingdom, May 23, 2019/ — The Department of Trade and Industry (the dti) will for the first time be showcasing 15-20 local companies in the South African National Pavillion at the prestigious Africa Oil Week event (www.Africa-OilWeek.com), which will take place in Cape Town, from 4-8 November 2019. As the leading event for…
SAINT PETERSBURG, Russia, June 8, 2019/ — The First President of the Republic of South Sudan, H.E. Taban Deng Gai, is leading this week a South Sudanese delegation to the Saint Petersburg International Economic Forum, where he talked about investment opportunities and the need for a stronger cooperation between Russia and South Sudan. “With the…
The forum will be held at the Kempinski Hotel Beijing Lufthansa Center JOHANNESBURG, South Africa, June 11, 2019/ — The African Energy Chamber (https://EnergyChamber.org) will host an investment forum in Beijing on 2-3 July 2019, with a focus on giving Chinese and Asian investors access to Equatorial Guinea’s EG Ronda 2019 Licensing Rounds for oil…
Expansion supports company’s localization strategy and serves as hub to serve customers in Angola and Southern Africa region LUANDA, Angola, June 7, 2019/ — BHGE expands facility in Luanda to manufacture, service and repair technologies and equipment across its four product companies; expanded facility will enable fullstream solutions to serve local and regional customers across…
LUANDA, Angola, June 7, 2019/ — The Ministry of Mines and Hydrocarbons continues rolling out the Year of Energy initiative as Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima calls for a stronger African energy dialogue. Following the success of the Cape VII Congress & Exhibition in April, Malabo will host the Oil…
The Kingdom of Eswatini, formerly known as Swaziland, is seeking proposals for the deployment of 40 MW of solar photovoltaic (PV) capacity as part of the country’s efforts to cut its reliance on imported power. The Eswatini Energy Regulatory Authority (ESERA) issued а Request for Qualification (RfQ) on Friday and will await bids by August…
A subsidiary of the Oil and Gas Free Zones Authority (OGFZA), Free Zone Global Investment Limited (FGIL), has signed a memorandum of understanding (MoU) with Axxela Limited, an energy solutions company, for a partnership to build power infrastructure for cheap and quality electricity supply to the Onne/Ikpokiri Free Zone in Rivers State. FGIL is the…
