Exploration

New budgetary restrictions highlight Angola’s determination to support OPEC

oil industry 4663283 640Vera Daves, Angola’s minister of finance, signed on 22 April a ministerial order suspending the implementation of all contracts signed under the Public Investment Programme whose source of funding has not yet been definitively secured

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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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