Category archives for: Oil & Gas

AU:  U.S’ Withdrawal From Iran Nuclear Deal Would Heighten Tensions

May 11, 2018//-The African Union (AU) has expressed deep concern over the United States’ withdrawal from the Iran nuclear deal, saying it would heighten tensions in the region.

Oil Prices Surge to Three-Year High on New Iran Sanctions

May 10, 2018//-Oil prices surged in Asia on Wednesday to a three-and-a-half-year high, hours after President Donald Trump announced the US was withdrawing from a nuclear deal with Iran.

South Sudan to Launch Oil and Gas policy

May 10, 2018//-South Sudan will launch a policy to regulate oil and gas industry management, official said.

Kenya Settles Row Over Oil Revenue

May 9, 2018//-Kenya has settled on a new formula in the sharing of crude oil revenue thereby clearing the way for smallscale crude exportation under the early oil pilot scheme.

Ghana Cylinder Company Shut as CEO, Board in Power Struggle

Accra, May 8, 2018//-The Ghana Cylinder Manufacturing company has been shut following tension between the Frances Essiam-led management and board of the same company.

Nigeria’s Fuel Import Bill Hit $36.371 Billion in 5 Years 

May 7, 2018//-Nigeria spent a total of $119.409 billion on the importation of commodities into the country in five years, out of which $36.371 billion was committed to the importation of petroleum products, the Central Bank of Nigeria (CBN), has revealed.

How Many Regulatory Bodies Does Ghana Need for its Energy Sector?

May 4, 2018//-There are currently four regulatory bodies to regulate different functions, companies and institutions of the energy sector.

Nigeria Plans to Set Up Oil and Gas Industrial Parks

May 3, 2018//-Nigeria is considering the establishment of oil and gas industrial parks in some oil producing states in the country.

Rising Oil Prices Highlight AOP’s First Investor Forum in London

London, May 1, 2018//- Africa Oil & Power (AOP), the continent’s leading platform for energy investment and policy innovation, is coming to Europe for the first time with the Africa Oil & Power Investor Forum.

Congo and OPEC: A Marriage of Mutual Need

Johannesburg, South Africa, April 30, 2018/ — The Republic of the Congo has suffered dearly during the oil collapse; and Congolese President Denis Nguesso has pledged that the country would no longer be sitting on the side lines — suffering the effects of global decision-making in the oil industry without a voice.

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