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The ‘not so good’ awaiting Nigeria Oil industry amid the threat of falling prices in 2016

Workers at a rig in Nigeria. Photo by BUSINESS [...]

By | 2015-12-31T16:46:11+00:00 December 31st, 2015|Africa, News, Oil Prices, World Oil News|0 Comments

Shell and Eni Paid $1.1bn ‘behind closed door’ to acquire Oil exploration rights in Nigeria, says Global Witness

Oil majors Shell and Eni paid US$1.1bn to an Illegal [...]

By | 2015-11-19T19:29:21+00:00 November 19th, 2015|Africa, News, World Oil News|0 Comments

Tullow announce Farm-down in Kenya, expects to make Final Investment Decision in Uganda in 2017

British-African Giant Tullow Oil Plc has expressed optimism about the [...]

By | 2015-11-12T13:44:21+00:00 November 12th, 2015|Africa, News, World Oil News|0 Comments

Nigeria Echos need to Renegotiate Commercial Oil contracts, says sector is no longer profitable

LAGOS The Nigerian National Petroleum Corporation (NNPC) said its latest [...]

By | 2015-11-10T10:55:07+00:00 November 10th, 2015|Africa, News, Oil Prices, World Oil News|0 Comments

‘Maersk’ and ‘Africa Oil’ agree to Co-Own Onshore exploration Licenses in Kenya and Ethiopia

Danish Oil giant Maersk Oil has entered a farm-out agreement [...]

By | 2015-11-09T18:12:09+00:00 November 9th, 2015|Africa, News, World Oil News|0 Comments

Giants Exxon Mobil, Eni and Sasol Emerge winners of Fifth Mozambique Oil Exploration Licencing Round

Oil giants Exxon Mobil, Eni and South Africa based Sasol [...]

By | 2015-10-30T11:15:56+00:00 October 30th, 2015|Africa, News, World Oil News|0 Comments