Nigeria to review laws setting up oil and gas free trade zones

Bola oil and gas free zonesNigerian government is reviewing the act establishing oil and gas free zones authority (OGFZA) to remove ambiguities and enhance effectiveness

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NNPC tops trading surplus by 34 per cent in December 2019

NNPC trading surplusNigerian National Petroleum Corporation (NNPC), Nigeria’s national oil company, achieved a trading surplus of 34 per cent increase from November 2019

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BP to work with green investors to draft joint climate resolution

43804714532 6039086090 cOil and gas company BP and shareholder group Follow This have agreed to work together with a view to preparing a shareholder resolution for BP’s Annual General Meeting in 2021

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Services sector struggles with low margins, over-supply and weak investor sentiment

oil industry 4663283 640Coming into 2020, the service sector had been struggling with low margins, over-supply and weak investor sentiment, according to consultancy group Wood Mackenzie

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COVID-19, cheap oil set to hit African new projects and slash state budgets

48893006196 157ce727b0 cMost of Africa’s top planned oil and gas projects were expecting sanctioning under an oil price assumption of between US$55 and US$60 per barrel

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