UK’s Department for International Development and Department for International Trade have published a summary of 27 commercial deals from across the African markets invited to the UK-Africa Investment Summit. According to the departments, the deals are worth over £6.5 billion. They said this in a statement released at the ongoing UK-Africa Investment Summit held in
Over 200 dies in Nigeria oil pipeline explosion
The number of casualties after an oil product pipeline explosion in Nigeria has reached 200 as people from local communities have gathered to protest the negligence of the Nigerian National Petroleum Corporation which, they allege to be the reason for the explosion. The pipeline exploded after it caught fire near the Aba Depot last week.
Total to boost its Nigeria output
French supermajor Total will increase Nigeria’s oil production by 200,000 bpd by the end of the year, a senior official from the local unit of the company said at an industry event, adding that the increase will come from the development of the Egina Deep project. “Our plan is to maintain aggressive exploration and appraisal
Nigeria’s has unexplored 28b barrels of oil reserves offshore – NNPC official
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
Angola reports 253 billion Kwanzas in oil export earnings for May
Angola recorded export earnings amounting to 253.3 billion Kwanzas (about 1.06 billion US dollars) from the sale of 49.8 million barrels of crude oil in May this year, according to the latest statistics issued by the Ministry of Finance. During the month, the oil exports, which account for the large bulk of the country’s export
Poverty, pirates, protest: Locals seize Nigeria oil hub
Despite the enormous natural riches that pass them by, locals say they have not shared in the explosion of wealth that black gold has brought to Nigeria. ENVIRONMENT The people of Belema village can only be reached after a three-hour journey aboard a rickety makeshift speedboat from the nearest major town. For 37 years their
Oil & gas: ‘Uganda cannot afford to make mistakes’
OIL & GAS As Uganda moves ever closer to the magic year of oil production — 2021, Dozith Abeinomugisha, the director for exploration at the Petroleum Authority of Uganda, has warned that the country cannot afford to make mistakes because of the limited nature of the resource. “We do not have the reserves that many
Boko Haram takes 10 NNPC staff hostage on an oil exploration mission
The where abouts of 10 Nigerian National Petroleum Corporation (NNPC) staff is uncertain after gunmen believed to be Boko Haram Islamists yesterday Wednesday July 26, 2017 kidnapped them while they were on an oil exploration team in northeast Nigeria, colleagues and the state-run oil firm said. “About 10 staff from the survey and geological department
Uganda’s 2017 National Suppliers’ Oil and Gas Database unveiled
Uganda’s oil and gas industry has last week got a boost by unveiling the first ever National Suppliers Database of more than 290 approved firms to supply goods and services. According to the Independent Newspaper, The companies can now be accessed on the Petroleum Authority of Uganda’s website www.pau.go.ug. The move is in fulfillment of
Oranto Petroleum International—The Nigerian Firm Listed for Uganda Oil Exploration Licensing
AtlasORANTO Petroleum International Limited (AOPI) comprises Atlas Petroleum International Limited and Oranto Petroleum International Limited. These two private Nigerian indigenous sister companies are fully owned by Prince Engr. Arthur Eze and his Royal Family from The Kingdom of Dunukofia. The Prince founded Atlas and Oranto Petroleum International in 1991 and 1993 respectively. AOPI is wholly