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International Women’s Day: Celebrating women in the oil and gas industry

Every March 8, the world celebrates International Women's Day for women around the world making a difference in many walks of life. Interestingly, in the oil and gas sector which has over time been a male-dominated sector, women have proven that they can also participate and as well as perform exceptionally well. Talking about women in oil and

Senegal amends petroleum code to grow energy sector

Senegal has amended its petroleum code in a bid to boost its promising energy sector. In the newly approved code by the Senegalese National Assembly, 34 of the 75 articles were “reformed for a better understanding and a greater precision, according to a statement released by its ministry. The code was first drafted in 1998 when the company

Egypt looking for $10 billion in oil, gas investment

Egypt seeks to spend $10 billion dollars in search of oil and gas and to further develop some of its discovered fields. The country is, therefore, looking to attract an estimated $10 billion in new investments during the current fiscal year, Egypt's petroleum minister, Tarek El Molla, stated. Demand from major international companies…

S. African Government considers wind sector investment

The South African Government has unveiled plans to invest in the wind sector as a way to reduce greenhouse gas emissions and drive down the cost of power through competitive pricing. Addressing delegates during the recent SAWEA's annual Windaba conference, the Department of Energy (DoE) acknowledged the wind sector's ability to attract…

Kenya’s Kobil acquires Delta petrol stations

Kenyan-based petroleum marketing Company, KenolKobil is set to acquire 33 fuel retail outlets from Delta Petroleum in Uganda and Rwanda. The company recently signed a deal worth more than $10m to acquire the outlets which would increase its footprint in Uganda and Rwanda. The 33 stations to be acquired include 23 fuel stations from Delta…

Chevron reaffirms support for Nigerian’s educational sector

The Managing Director of Chevron Nigeria Limited, Mr. Jeffrey Ewing, has said that the firm was impressed that its contribution to the educational sector was helping to raise quality manpower for the country Ewing affirmed that the company was committed to supporting quality education in the country. The managing director who also doubles as the…

Panoro Energy to acquire Tunisia Upstream GmbH

Panoro Energy, a London-based independent  E&P company has signed an agreement with OMW Exploration and production GmbH to acquire 100 percent of the shares of Tunisia Upstream GmbH. The transaction is said to cost about US$65mn. Oil Review Africa stated that OMV Tunisia holds a 49 percent interest in five oil-producing concessions in…

Senegal adopts new oil code, targets bigger stakes

Senegal wants to maximize earnings in its oil and natural gas projects even as the African nation revamps its oil code. A document obtained by Bloomberg shows that the country is considering raising royalties and taking a bigger stake in oil and natural gas. Revising its oil code is pivotal as a string of discoveries off the country's coast…

Uganda to produce first oil by 2021-Muloni

Uganda's Oil Minister, Irene Muloni, has said that the country would start producing oil in 2021, and its refinery should be up and running by 2023. Muloni said on Tuesday that the initial plan was 2020 but they are now considering 2021. Uganda signed a deal with a consortium, including a subsidiary of General Electric, to build and operate a…

Natural gas production grows by 8%-NNPC

The Nigerian National Petroleum Corporation, NNPC, has said that a total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily gas production of 7,678.17Million Standard Cubic Feet (mmscfd). NNPC disclosed this in its Monthly Financial and Operations report released recently. Its July …
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