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August 21, 2017Press Release: Fortuna FLNG Offtake Awarded to Gunvor
The Ministry of Mines and Hydrocarbons of Equatorial Guinea (“MMH”), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (“GEPetrol”) have nominated [Gunvor Group Ltd (“Gunvor”)] as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject […]
June 22, 2017Oil 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.
March 8, 2016APO Joins AOP 2016 as Official News Wire
APO (African Press Organization), the sole press release newswire in Africa and the global leader in media relations relating to Africa, today announced it has been selected as Official News Wire in Africa by Africa Oil & Power.
May 10, 2018AfDB Grants $1.5 million for Jigawa IPP
The development bank approved a $1.5 million grant for the 1GW Jigawa solar project in Nigeria.
May 9, 2018Moody’s: Nigeria’s Banks Stabilize on Oil Price
Nigeria’s banking system is stabilizing, a result of an improving oil price.
April 30, 2018Mission accomplished? The State of the OPEC/non-OPEC Alliance
Some are saying it is mission accomplished for OPEC's deal. Others aren't so sure.
April 27, 2018Nordex to Supply Wind Turbines for S. Africa
Eskom has signed outstanding power purchase agreements, and projects are moving forward.
April 26, 2018Savannah Petroleum Hits Oil in Niger
The well results come just months after Savannah Petroleum acquired Seven Energy.
February 13, 2018Year of Recovery? Making Oil Price Forecasts in 2018
After three years of price shocks and instability, 2018 is expected to be a year of recovery for the sector.
January 8, 2018The Buzz: This Week in Africa
Top Stories: AfDB Backs Renewable Power Projects; Pipeline Fire Causes Widespread Power Outages in Nigeria