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Tullow announce Farm-down in Kenya, expects to make Final Investment Decision in Uganda in 2017

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British-African Giant Tullow Oil Plc has expressed optimism about the status of its development projects in East Africa saying it’s nearing Final Investment Decision (FID) The revelations are…

Nigeria Echos need to Renegotiate Commercial Oil contracts, says sector is no longer profitable

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LAGOS The Nigerian National Petroleum Corporation (NNPC) said its latest move to re-negotiate Oil and Gas contracts is a part of a series of measures to save the…

‘Maersk’ and ‘Africa Oil’ agree to Co-Own Onshore exploration Licenses in Kenya and Ethiopia

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Danish Oil giant Maersk Oil has entered a farm-out agreement with Canadian based Africa Oil Corporation to acquire 50 percent stake in three of the latter’s onshore exploration licences…

Shell has defied Orders to Clean Oil spills in Nigeria says Amnesty International

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Oil giant Shell is “blatantly false” when it claims it is cleaning up spills that continue to destroy the livelihoods of hundreds of thousands of Nigerians, Amnesty International said….

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…

Analysis: How The Oil Price Crash Will Make Markets More Efficient

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By Michael McDonald. Oilprice.com BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that…

Iran Oil Minister ask OPEC Countries to cut crude Production to save falling prices

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OPEC member states should cut crude output to boost prices to a range of $70 to $80 a barrel, Iran’s Oil Minister Bijan Namdar Zanganeh said. “No one…

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….