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Giants Exxon Mobil, Eni and Sasol Emerge winners of Fifth Mozambique Oil Exploration Licencing Round

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Oil giants Exxon Mobil, Eni and South Africa based Sasol emerged among the winners of  the Mozambique’s  lucrative exploration rights for fossil fuels off its Indian Ocean. Exxon…

‘Africa Oil Industry is Our Business Focus’, Oil Well Technology firm AGR assures delegates at Africa Oil Week Summit

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Statement by AGR at the 22nd annual Africa Oil Week in Capetown South Africa… CAPETOWN We have managed over 500 well projects globally, over 40 of which have…

Improve ‘Investment Environment’ to Seize opportunity in Oil—Expert advise new Africa producers

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By Camillo Atampugre, Vice President for Oil and Gas Baclays Bank… The number and calibre of delegates set to attend the Africa Oil Week conference in Cape Town…

Tanzania Injects $1.33 billion into natural gas pipeline to curb domestic Power Shortage

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Tanzania initiated a $1.33 billion project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, the president’s…

Nigerian President Muhammadu Buhari to Leave Oil Minister Post Vacant as way of Clearing Corruption

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Nigerian President Muhammadu Buhari, in his bid to clear corruption in the Oil sector will  leave the Petroleum Ministry vacant and under his close supervision, an official said….

‘Super Majors’ warn Nigeria against plan to review Commercial Oil Contracts

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By Agencies… Western oil executives have warned Nigeria against sweeping changes to commercial contracts that could lead to the government taking a bigger share of revenues from the…