Nigeria’s first private oil refinery on Tuesday rolled out its refined product to the local market in Africa.
Aliko Dangote, president of Dangote Refinery, said the product will help improve access to gasoline in Nigeria and sub-Saharan Africa.
Africa Oil is a Canadian oil and gas exploration company with producing and development assets in deep-water offshore Nigeria. The Company also has a portfolio of exploration assets in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies including Prime Oil & Gas Cooperatief U.A. (“Prime”), Africa Energy Corp., Eco (Atlantic) Oil & Gas Ltd. and Impact Oil and Gas Ltd.
Oil plummeted — erasing its gains for the year — after a prospective deal to restore supplies from Libya turned traders’ attention back to concerns about tepid global demand for crude.
Zainab Usman pertinently highlights the missed opportunity of Africa’s petrostates to boost their economies and prepare for the future (“Africa’s petrostates are missing out on the oil boom and it matters”, Opinion, August 28).
Increased windfall taxes on the UK’s offshore oil and gas industries would cost the economy about £13bn over the next five years and lead to a fall in tax receipts.
SHELL is slashing around 20% of jobs in its integrated gas and upstream business as part of restructuring aimed at scaling back oil and gas production.
Every episode of the late-1970s/early-1980s cult spoof TV soap-opera series, ‘Soap’, began with the recounting of a bizarre series of events followed by the phrase, ‘Confused? You won’t be after this week’s episode’. The events behind every single oil shutdown in Libya that has occurred since the removal of long-time leader Muammar Gaddafi in 2011 make the introductions to ‘Soap’ seem as clear as crystal.
Senegal’s decision to set up a commission to re-examine its oil and gas contracts has been greeted with calls for transparency by energy industry insiders.
Chief Executive Officer-Ghana Investment Promotion Authority (GIPC), Yoofi Grant, has raised concerns about the harassment of foreign-owned businesses by tax officers from Ghana Revenue Authority (GRA).
Non-profit organisation Climate Rights International (CRI) urges banks, financial institutions, and insurers to decline to provide further support for Uganda’s Kingfisher oil project.