Shell Petroleum Development Company of Nigeria Limited (SPDC) has sold its 30 per cent interest in Oil Mining Lease 24 (OML24) in Eastern Niger Delta to Newcross Exploration and Production Limited for US$600mn
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Dangote Group’s Nigerian oil refinery to come online in 2018
Africa-based Dangote Group has announced that it will begin operations by the end of 2017 or first half of 2018 at its oil refinery located in Lagos, Nigeria
Sub-Saharan Africa’s oil demand ‘to rise by 2030’
Sub-Saharan Africa’s demand for oil will increase by 2030, leaving behind the USA and Chinese markets, according to an International Energy Agency (IEA) report
Tullow Oil to focus on investments in West and East Africa
Oil and gas explorer Tullow Oil has announced that it will focus investments on its oil producing assets and existing discoveries in West and East Africa from 2015
Angola to start crude oil shipments to Indonesia next year
Angola’s state oil and gas company Sonangol may start exporting crude oil to Indonesia early 2015, company officials said
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