Industry

Africa Oil receives third dividend from its Nigerian asset

33678840898 b4b44aa9e7 cAfrica Oil has announced that it has received its third dividend from Prime Oil and Gas B.V. (Prime), a company that holds interests in deepwater Nigeria production and development assets

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Pump price of petroleum motor spirit may drop further in Nigeria

PMS NigeriaThe price of premium motor spirit (PMS) in Nigeria is likely  to go further down in May 2020 with the 17.9 per cent reduction of ex-depot price from US$0.29 per litre to US$0.28 per litre by the Nigerian National Petroleum Corporation (NNPC)

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Saipem and CDP sign energy transition deal

saipemCassa Depositi e Prestiti (CDP) and energy contractor Saipem have signed a Memorandum of Understanding to study the development of energy transition in Italy and abroad

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‘Big oil remains committed to dividend payments as shareholders are prioritised’

oil platform 484859 640Despite a depressed outlook for 2020, big oil remains committed to dividend payments as shareholders are prioritised, said data and analytics company GlobalData

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Moody’s reaffirms APICORP Aa2 rating with stable outlook

apicorpThe Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has announced that its ‘Aa2’ rating with a ‘stable’ outlook was reaffirmed by Moody’s Investor Service despite current economic and market shocks

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