November 13, 2017//-Nigeria’s Debt Management Office (DMO) said on Thursday that the country plans to raise N710 billion ($2.26bn) through restructuring its equity in joint venture oil assets and increasing private sector participation.
Category: Oil & Gas
Keeping West Africa’s Mining Industry Safe During the Boom – the Rigworld Factor
Accra, November 7, 2017//-With increased mining activity in West Africa, it is essential to have the necessary training facilities to ensure that safety practices meet international standards.
New Agency Inaugurated to Boost Revenue Collection in Oil & Gas Sector
Ghana’s Minister of Finance, Ken Ofori-Atta has inaugurated the Multi-Agency Petroleum Revenue Committee (MAPREC) to coordinate the efforts of state institutions in the oil and gas sector in order to improve petroleum revenue collection.
Credit Consultant: Banks Must Spare Us Another Energy Debt
As the government steps up to clear the US$2.4 billion energy sector debt, commercial banks would have to get their credit decisions right, moving forward, to spare the taxpayer another humongous debt in the future, Emmanuel Akrong, a credit consultant has said.
Abu Dhabi National Oil Company Successful Issues A $3Billion Bond
Abu Dhabi, UAE, November 6, 2017//-The Abu Dhabi National Oil Company (ADNOC) today announced the successful issuance and closing of a US$3 billion bond, one of the largest non-sovereign bond offerings in the history of the Middle East.
Trouble Ahead For Nigeria’s Economy
— As Niger Delta Avengers Calls Off Ceasefire November 4, 2017//-The Niger Delta Avengers (NDA) has announced a suspension of its ceasefire with the Federal Government.
Akufo-Addo: Reliable, Affordable Electricity Key to West Africa’s Dev’t
Accra, November 3, 2017//-Ghana’s President Nana Addo Dankwa Akufo-Addo has stated that the production and delivery of stable, reliable and affordable power is critical to the success of efforts towards the integration and development of West Africa.
More People Win in Shell Promo
Accra, November 3, 2017//- Meshack Nyame, a taxi driver at Ofankor in Accra has emerged as the winner of a brand new Hyundai Grand i10 taxi in the second mini draw of the ongoing Shell Filling ‘No Y3’ Deep Taxi Bonanza.
Veep: Gov’t Won’t Rest on Its Oars on Improving the Nigerian Economy
Abuja, Nigeria, November 3, 2017/ — Vice President of Nigeria, Prof Yemi Osinbajo says the Nigerian government will make dramatic policy changes in Oil & Gas sector if necessary.
Africa’s Oil & Gas Industry Needs to ‘Learn to Leapfrog’
Johannesburg, South Africa, November 1, 2017/ — The oil & gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators.