Gasoline Prices in Ghana remained unchanged at 1.01 USD/Liter. Prices of fuel are expected to remain unchanged for the first pricing window of August. This, is according to the Institute of Energy Security (IES). The institute in the last pricing window in July predicted a stability in the price of fuel. IES is however attributing the stability
Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya andAl Gharraf [Garraf] oilfields. The importance of the project was highlighted by the attendance of several high-level officials, including Jabbar Al-Luaib, the Minister of Oil of Iraq, at the agreement-signing ceremony. As per the
Shell will start production from its two offshore wells at West Nile Delta field 9B in the first half of October 2018, according to oil minister Tarek El Molla, Egypt Oil & Gas reports. The company will also finish drilling eight production wells and two exploratory wells in Q3 2019. By then, the project’s productivity
The Angolan State Oil Company (Sonangol) announced today it has signed a memorandum of understanding with two foreign aviation companies to restructure its own Sonair Company, which ensures air transport in the sector. The document was signed on Wednesday by the chairman of Sonangol’s board Carlos Saturnino and Daniel Sigaud by the Luxembourg consortium Heliconia
The crude oil refinery being built in Lagos by Dangote Industries Limited is a threat to refineries in Europe, which Nigeria relies mostly on for fuel imports, a global provider of energy and commodities information has said. The Editorial Director, Strategic Oil Markets Development, S&P Global Platts, Andrew Bonnington, said at the S&P Global Platts
KBR (formerly Kellogg Brown & Root), a global provider of differentiated professional services and technologies, has been awarded a Liquefied natural gas (LNG) FEED contract by Nigeria Liquefied Natural Gas (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria. Under the terms of the contract, KBR, as leader of the Bonny7JV with partners TechnipFMC
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’s Western Desert, the company announced in a press release. The well has delivered 5,130 barrels of light oil per day with low associated gas. It is the second well drilled by Eni to
Nigeria has unexplored 28 billion barrels of oil reserves located in the offshore area, Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), Mr. Bello Rabiu, has said. According to him, this underscores the need to focus and encourage investment in the country’s upstream sector of the oil and gas industry. Speaking during a panel
Egypt’s National Oil Companies (NOCs) will repay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said. He added that the debt has fallen to $1.2 billion, which is half of NOC debt owed to International Oil Companies (IOCs) in 2010. The Oxford Institute for Energy Studies wrote in
Transportation of crude oil under the Early Oil Pilot Scheme can now resume next week after area leaders allowed Tullow Oil to ferry the resource following a meeting between Turkana elected leaders led by Governor Josphat Nanok and a high powered government delegation led by Petroleum and Mining cabinet secretary John Munyes and Rift Valley