NEWS

The English version of the book was launched in English in June 2017 at Africa Oil & Power 2017 in Cape Town, and has since become a huge hit in …

Yinka Folawiyo Petroleum has received consent from the Nigerian Minister of Petroleum Resources for the renewal of the OML 113 license. MX Oil said on Friday that Yinka Folawiyo Petroleum …

Oilfield services firm Wood has secured two new strategic modifications contracts with Norwegian oil and gas giant Equinor for the Mongstad refinery near Bergen, growing its downstream capability in Norway. …

    Oil production is set to relaunch in blocks 1, 2 and 4 with a ceremony on August 25, 2018, at Toma South  The licences are operated by South …

Ukraine, which wants to resume cooperation with the International Monetary Fund, may need to increase household gas prices, Prime Minister Volodymyr Groysman was quoted as saying on Thursday. Earlier this …

World stocks came under pressure on Thursday as new tariffs took effect in the U.S./China trade war and markets speculated about U.S. President Donald Trump’s position following legal rulings against …

The global market for surface mining trucks is expected to grow steadily to 2020, primarily driven by the growing demand from mining companies operating across the Asia-Pacific (APAC) region, says …

 A report by Reuters quoting four senior industry sources has hinted that Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed …

  Schneider Electric has disclosed that its EcoStruxure platform would help ensure efficiency and boost profitability in organisations across segments. In an interview with Margaret Nongo-Okojokwu of Orient Energy Review, …

The Manufacturers Association of Nigeria (MAN) has asked the Federal Government to intervene in the ongoing debt disagreements between the electricity distribution companies (DISCOs) and manufacturers to enable them access …

Nigeria Customs Service has disclosed that about 12.2 millions of local rice farmers are being affected by the continuous smuggling of foreign parboiled rice into the country The immediate past …

In 2014, Cairn and its joint venture partners made one of the world’s biggest oil discoveries and this was followed by Kosmos with significant gas discoveries.  “The region has now …

Turkey’s president has argued against severing economic ties with Iran as the United States readies for sanctions. Speaking in Ankara, President Recep Tayyip Erdogan said it goes against the independence …

The local and international financial markets, products and services update. NIGERIA: The Debt Management Office has set the maximum limit of $6.25bn (N1.906tn) for the Federal Government’s borrowing in the 2018 …

New Delhi: India’s carbon-dioxide emission will rise to 3.8-3.9 gigatonnes by 2030 not 3.8-4.9 gigatonnes as was projected earlier, which is consistent with the Nationally Determined Contributions (NDC) pledge made at …

 China National Petroleum Corp (CNPC) says it will spend more than 150 billion yuan ($22 billion) by 2020 to boost oil and gas output in the western region of Xinjiang, …

Kuwait Petroleum Corp (KPC) has sold 100,000 barrels per day (bpd) of its new light crude oil for loading in September as the fifth-largest OPEC producer increased exports after the group’s …

Saudi Arabia has received bids from four consortiums competing to build a $500 million Saudi wind farm project, officials said, as the world’s top oil exporter pushes to diversify its …

Thursday’s trading activities on the floor of the Nigerian Stock Exchange for energy companies witnessed a marginal increase in the prices of Oando and Capital Oil’s shares. They recorded 0.05k …

 Rivers State Governor, Chief Nyesom Wike, says the state is acquiring mobile cancer screening equipments to detect cancer-related ailments arising from the air pollution from hydrocarbon soot in the state. …

The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have scheduled meetings with oil and gas service companies, community contractors and commercial banks in a …

Hon. Dr. Emmanuel Ibe Kachikwu, Minister of State, Petroleum Resources to speak at Africa Oil & Power event in Cape Town, South Africa. AOP 2018 takes place on September 5-7, …

Shell Exploration and Production Mauritania (C-10) B.V. and Shell Exploration and Production Mauritania (C-19) B.V. (“Shell”) today signed two Production Sharing Contracts with the government of Mauritania for the exploration …

 Malabo, Equatorial Guinea —The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators to cancel all contracts with Canadian-based CHC Helicopters, over noncompliance with the country’s national content regulations. …

Nigeria and the Republic of Niger, Tuesday signed an agreement for the construction of a petroleum pipeline and refinery. The Memorandum of Understanding, MoU, for the project was signed by Nigeria’s Minister of …

The Nigerian Ports Authority would between September 17 and 19 host the International Association of Ports and Harbours (IAPH) Africa Regional Conference in Abuja with a theme, “African Ports and Hinterland Connectivity.” …

The Nigeria Customs Service (NCS) says it has embarked on Time Release Study (TRS) to measure the efficiency of its trade facilitation scheme and reduce the time of cargo clearance. …

Lagos State Police Command and other relevant agencies will today at midnight  commence an action it tagged ‘Operation Restore Sanity’ to free Apapa of gridlock. The Lagos State Commissioner of Police, …