Category archives for: Oil & Gas

19 Persons Under Investigation Over ‘Inflated’ $100M Ghana Gas Helicopters

Accra, Ghana, September 26, 2018//-At least 19 persons are under investigations for their roles in the $100m purchase of four helicopters by Ghana National Gas Company, said to be overpriced.

Acquisition of Engen International Holdings: Vivo Energy Reaches Agreement with Engen

London, UK, September 18, 2018//-Vivo Energy plc (Vivo Energy) announced that it has reached an agreement with Engen Holdings (Pty) Limited (Engen or EHL) to restructure the acquisition of Engen International Holdings (Mauritius) Limited (EIHL) by Vivo Energy’s subsidiary, Vivo Energy Investments B.V.


Accra, Ghana, September 13, 2018//- The National Petroleum Authority (NPA) has cleared Globex Energy Limited to do business in all petroleum downstream activities.

Why Nigeria Urgently Needs to Grow Non-oil Exports

Shutterstock Channing Arndt, CGIAR System Organization The economy of Nigeria has had to navigate a major crisis that started with the collapse of oil prices in 2014 and was worsened by the ongoing restiveness in the oil rich Niger-Delta region.

Ghana: PIAC Rallies Support for Finance Minister on TEN Crude Pricing

Accra, Ghana, September 11, 2018//-The Public Interest and Accountability Committee (PIAC) has taken notice of recent revelations in sections of the Ghanaian media regarding GNPC’s acquisition of a residential property in Takoradi from Global Haulage Company Limited (GHCL), a company in which the CEO of GNPC, Dr K.K. Sarpong is said to have interest.

Oil, Gas Sector Not Supporting Africa’s Economy

Lagos, Nigeria, September 6, 2018// – The oil and gas sectors of several African countries have shown limited positive impacts on other sectors of the continent’s economy, energy expert, Mr. Oladeji Olawale has said.

Rising Debt Profile: Stop Mortgaging Future of Nigerians

Abuja, Nigeria, September 5, 2018// – Timi Frank, former Deputy National Publicity Secretary of the All Progressives Congress (APC), has raised the alarm on what he described as  “the astronomical rise in the nation’s foreign debt portfolio under the present administration”, calling on President Muhammadu Buhari not to mortgage the future of Nigerians.

Keta Basin: Ghana Assures Investors of Dispute-free Oil Blocks

September 4, 2018//-The Chairman of the Licensing Bid Rounds and Negotiation (LBRN) Committee, Mr Lawrence Asangongo Apaalse has reassured global oil giants clamouring for oil blocks offshore Keta-Accra basin to the east and Saltpond-Tano basins to the west of dispute-free space for investment.

ExxonMobil: Blockade Threatens Production at Nigeria Oil Facilities

September 3, 2018//-ExxonMobil said on Monday that a blockade by former employees threatens crude production at oil facilities in Nigeria, adding that “disruptions to these operations have the potential to significantly impact revenues.”

Tema LNG Project: Helios Investment Partners Signs Pact with Chinese Firm

September 3, 2018//-Tema LNG Terminal Company Ltd., an entity controlled by Helios Investment Partners, the world’s largest Africa-focused private equity fund, on Sunday, 2nd September, 2018, signed an agreement with China Harbour Engineering Company, for the construction of a Liquefied Natural Gas (LNG) Terminal to be sited in Tema. 

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