The turmoil on the oil market caused by COVID-19 has led to less than anticipated activity and delayed projects, forcing the industry to implement cost-cutting measures
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Equatorial Guinea continues its proactive engagement with oil industry
Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons (MMH), recently met with an industry delegation in Malabo to maintain the engagement with Equatorial Guinea’s oil sector in the light of the ongoing COVID-19 crisis and challenging market condition
ICTSI signs contract for operation and development of Cameroon’s Kribi terminal
International Container Terminal Services (ICTSI) has signed a contract with Port Autonome de Kribi (PAK) to develop, operate and maintain the Kribi Multipurpose Terminal (KMT) in Cameroon
Nigeria settles OML 130 Oil Mining Lease dispute
The Nigerian National Petroleum Corporation (NNPC), the government-owned National Oil Company, has reached an agreement with its private sector partners, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETROL), to resolve all outstanding issues relating to the development of the Oil Mining Lease, (OML) 130
Nigeria to set up oil and gas museum in Oloibiri
The Nigerian government is setting up an oil and gas museum with private sector participation in Oloibiri, Bayelsa State in the Niger Delta Area, where Shell D’Arcy, a forerunner of today’s Shell Petroleum Development Company (SDPC) successfully drilled the first oil well in Nigeria in January 1956
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