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August 18, 2017
Market Report: NNPC Reduces Cost of Oil Production
The Nigerian National Petroleum Corporation cut the cost of oil production from $78 to $23 per barrel.
August 17, 2017
Tullow Oil
Tullow Oil is a leading independent oil and gas exploration and production company. Our focus is on finding and monetising oil in Africa and South America. Key activities include targeted exploration and appraisal, selective development projects and growing our low-cost West Africa oil production. Our portfolio of over 85 licences, spans 17 countries and is […]
July 21, 2017
Market Report: Nigeria to Explore Crude Oil Sales to Africa Markets
Dr Ibe Kachikwu announced that Nigeria would explore crude oil sale possibilities to the African markets.
July 14, 2017
Market Report: Another Successful Oil Well in Senegal
The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here and learn more about Gladius Commodities at www.gladiuscommodities.com. Nigeria The Nigerian National Petroleum Corporation (NNPC) has promised continuous availability and supply of petroleum products despite the challenges in the downstream petroleum sector. This statement was made by the NNPC Group Managing […]
July 12, 2017
Bioko Oil Terminal Project to Break Ground by 2018
New storage capacity on a massive scale on Africa’s west coast.
July 8, 2017
Market Report: The Gambia to Begin Oil Exploration in 2018
The Gambia issued a permit to FAR Ltd. to drill Erin Energy’s offshore A2 and A5 blocks.
July 4, 2017
FDI to Africa Declines on Low Oil Prices
Foreign Direct Investment to Africa declined by 3.5 percent in 2016, due in part to weak commodity prices.
June 28, 2017
Tullow Oil Cuts Debt, Raises Profit
Africa-focused oil explorer Tullow Oil reduced debt in the first half of the year and reported a rise in gross profit.
June 22, 2017
Oil Prices Under Pressure Despite OPEC Efforts
Nigeria's crude oil exports are set to exceed 2 million bpd in August, the highest level planned for 17 months.
June 21, 2017
Oil Firms Face Losses if Climate Targets Reached
Projects like Bonga Southwest and Bonga North in Nigeria will not be needed if targets are met, report says.