Nigeria to review laws setting up oil and gas free trade zones
Nigerian government is reviewing the act establishing oil and gas free zones authority (OGFZA) to remove ambiguities and enhance effectiveness
Industry
NNPC tops trading surplus by 34 per cent in December 2019
Nigerian National Petroleum Corporation (NNPC), Nigeria’s national oil company, achieved a trading surplus of 34 per cent increase from November 2019
BP to work with green investors to draft joint climate resolution
Oil 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
Services sector struggles with low margins, over-supply and weak investor sentiment
Coming into 2020, the service sector had been struggling with low margins, over-supply and weak investor sentiment, according to consultancy group Wood Mackenzie
COVID-19, cheap oil set to hit African new projects and slash state budgets
Most 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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