By AFP… Sparkling wine instead of champagne, companies cancelling their Christmas celebrations, unemployment soaring and real estate prices flagging: with crude prices plunging from record highs, Norway’s oil capital Stavanger is hungover after the party. “There you go, another rejection.” Roger Schurmeyer holds up the umpteenth job rejection letter he has received on his smartphone.
Oil Majors rash as Iran announce 70 Oil and Natural gas projects Valued at $30 billion
Agencies… Total SA, Royal Dutch Shell Plc and Lukoil PJSC are among the leading international companies in the rash as Iran, the holder of the world’s fourth-largest crude reserves presents $30 billion worth of projects to investors. Total is one of the companies that have been in the forefront of discussions and Eni SpA is also
Hope as Indian refineries Clear African Crude Oil off the shelf
By agencies… Indian refineries continued to moped cargoes of West African crude oil, underpinning what was otherwise a saturated market. Refineries HPCL and BPCL together booked at least four million barrels of West African oil, adding to the six million booked earlier by IOC in a tender. IOC has another tender pending this week to
Africa’s Oil and gas Industry Must create more Direct and Indirect jobs to drive prosperity says UN
Statement by UNCTAD… Conference participants from all over the world analysed the potential for exploration and production of oil and gas, and investment opportunities, in Sudan and other African countries at UNCTAD’s 17th African OILGASMINE Conference and Exhibition in Khartoum. The oil, gas and mining industries – currently employing around 1 per cent of Africa’s workforce –
NEWPLAN, The Ugandan firm involved in the Feasibility study for the Oil refinery Airport and Finished Oil Product pipeline
NEWPLAN Limited is a Uganda based multi discipline engineering firm providing professional consulting services to both the public and private sectors within the East and Central African region. NEWPLAN provides consultancy services for the entire project life to a broad range of sectors including: Energy, Roads, Highways and Transportation Engineering, Architecture and Building Services, Environment
Eni SPA, the Italian ‘Oil Major’ growing stronger in Exploration and Reserve replacement
Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. It has operations in 79 countries, and is currently world’s 11th largest industrial company with a market capitalization of 68 billion euros (US$ 90 billion), as of August 14, 2013. The Italian government owns a 30.303% golden share in the company, 3.934%
About Maersk Oil and gas, the Danish Giant Moving into East Africa Oil Fields
Maersk Oil is a Danish oil and gas company and is part of the larger A. P. Moller-Maersk Group which is a household name in cargo movement and logistics. Maersk Oil was established in 1962 when Maersk Group was awarded a concession for oil and gas exploration and production in the Danish sector of the North
Taylor-DeJongh, The U.S-based Firm which advice Government Of Uganda on Oil Refinery Development Project
The Government of Uganda (GoU) hired U.S.-based investment firm Taylor-DeJongh to advise on the construction of a $2 billion oil refinery. The firm won the contract in February 2015, to advise on the selection of a lead investor for the refinery, sourcing for financing and formation of a refining company. Below is it’s profile Taylor-DeJongh
Africa Oil Governance Summit ends, Policy makers urged to build transparent regime and good governance
PRESS RELEASE… The first annual Africa Oil Governance Summit to evaluate progress made, build consensus on a road map for Africa’s resource prosperity and identify best practices in oil governance for adoption by other African countries, ended in Accra. The two-day conference took place on the theme: “Africa Rising as Oil Curse Beckons for Most
About Africa Oil Corp, The rising Africa Oil Exploration Giant
Africa Oil Corp is an oil and gas exploration company based in Canada, with a focus on East Africa. The company was incorporated under the name “Canmex Minerals Corporation” in 1983, and changed its name to Africa Oil Corp in 2007. The company currently holds assets in Kenya, Ethiopia and Somalia, over an area of