Africa 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
Exploration
Pump price of petroleum motor spirit may drop further in Nigeria
The 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)
Saipem and CDP sign energy transition deal
Cassa 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
‘Big oil remains committed to dividend payments as shareholders are prioritised’
Despite a depressed outlook for 2020, big oil remains committed to dividend payments as shareholders are prioritised, said data and analytics company GlobalData
Equatorial Guinea extends exploration licenses for two years
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced that it will extend exploration licenses for two years and relax capital expenditure requirements for E&P companies amid the low-price climate and reduction in oil demand caused by COVID-19
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