Africa Oil Corp has submitted withdrawal notices to its joint venture partners on Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraw from the entirety of the joint operating agreements (‘JOAs’) and Production Sharing Contracts (‘PSCs’) for these concessions.
Oil prices slipped on Tuesday as investor concern over the risk of a US debt default dampened risk appetite, although a tighter market due to a seasonal rise in gasoline demand and supply cuts from OPEC+ producers lent support.
Nigeria’s President Muhammadu Buhari is commissioning a US$19 billion single-train oil refinery – the largest of its kind in the world and built by Africa’s richest person, billionaire businessman Aliko Dangote. The government hopes the refinery will turn Nigeria, Africa’s biggest oil producer, from an importer of refined fuels to an exporter and put an end to recurring fuel shortages […]
The Ghana National Petroleum Corporation (GNPC) has debunked reports of wrongdoing in the award of consultancy contracts in respect of the Saltpond decommissioning project.
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has indicated that over 500 billion barrels of crude oil will be left untapped in Africa following growing concerns from international communities to ensure a sustainable climate.
Ghana has for the third consecutive year seen a decline in crude oil production according to the 2022 Public Interest and Accountability Committee’s (PIAC) annual report.
MoEI drives strategic partnerships in clean energy with German, Dutch energy sectors
Abu Dhabi Future Energy Company (Masdar) has signed a joint development agreement (JDA) with Uzbekistan’s Ministry of Energy and Ministry of Investments, Industry and Trade (MIIT) to develop over 2GW of solar and wind projects and 500 MWh of battery energy storage at multiple sites across the Central Asian country.
Lagos State government has promised Lagosians that the 1gigawatt (GW) renewable energy it aimed to generate before end of 2023 would bridge the power supply gap in the state.
TANJUNG MALIM (May 20): The Ministry of Science, Technology and Innovation (Mosti) is currently at the prototype stage in the study of making hydrogen a renewable energy source for the country.