THE REVENUE MOBILIZATION Allocation and Fiscal Commission, the agency responsible for monitoring Nigeria's oil incomes, has asked the federal government to stop funding the joint venture cash call requirement of the state-run Nigeria National Petroleum Corp from the government's account.
SINCE THE TURN of the century, major foreign oil investments as well as ongoing foreign assistance and capital have continued to boost Chad’s economy. Despite this, more than 80 per cent of Chad’s population still relies on subsistence farming and raising livestock for its economic sustenance.
A NEW REPORT from management consulting firm, Arthur D. Little, has called for international oil companies (IOCs) to rethink traditional models of asset management and consider moving towards a more integrated and cross-asset view in order to ensure long-term success in a changing marketplace.
THE GHANAIAN GOVERNMENT has blocked the estimated US$4bn sale of a stake in a huge oil field, foiling months of talks between potential buyer Exxon Mobil Corp and the stake's owner, Kosmos Energy LLC.
SOUTH AFRICAN PRODUCER Sasol expects to raise its output to 42,000 boed this year from last year's 38,000 boed, a senior official said.