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NIGERIA: NNPC Records $52.95M Trading Surplus in July

The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of $52.95M (₦20.36 billion) in July 2020 compared to the $5.5M (₦2.12 billion) surplus in June 2020 in … Read More

EGYPT: Eni, New Gas Discovery in the ‘Great Nooros Area’, Mediterranean Sea

Eni (as the Operator of the Block) and bp (as contractor member) announce a new gas discovery in the so-called Great Nooros Area, located in the Abu Madi West Development … Read More

Central Africa’s Economic Recovery Must Go Through a Reform of Forex Regulations

By Leoncio Amada NZE The health and economic crisis caused by the Covid-19 pandemic is devastating the productive, economic and financial systems throughout the entire planet: businesses went bankrupt, millions … Read More

Global Oil & Gas Industry Deals Total $28.01bn in Q2 2020 Fueled by Africa & Middle East

Total oil & gas industry deals for Q2 2020 worth $28.01bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 106.2% over the previous quarter … Read More

Germany to Ramp Up Investment in African Energy

In an exclusive webinar held on Thursday, “Germany-Africa Economic Relations: Making Deals Post COVID-19,” panelists sought to mobilize German investment into the African energy sector, establishing clean energy and digitalization … Read More

LIBYA: NOC Reports Lowest Crude Oil & Gas Sales Revenue in 2020

The National Oil Corporation (NOC) reported crude oil, *gas (propane and butane)* and condensates export revenues of US$45.5 million for June, the lowest recorded this year down from US$87.7 million … Read More

Oil and gas drilling set for at least a 20-year low in 2020

The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the drilling market both in terms of wells drilled and in terms of related demand … Read More

Africa Oil & Power 2021 DRC Investment Summit Launches

Kinshasa will welcome a broad base of international and African investors to the first ever DRC Energy & Infrastructure Investment Summit, organized by Africa Oil & Power (AOP),  in 2021; the … Read More