Nigerian President Muhammadu Buhari reversed his earlier authorization of Seplat Energy Plc’s $1.28-billion purchase of Exxon Mobil Corp. assets and backed the energy regulator’s decision to reject the deal, according to a spokesman.
West Texas Intermediate was down 0.7% near $88 a barrel, after earlier rising above $90.
A technical committee of the African Union – made up of energy ministers – has recently proposed an “African Common Position on Energy Access and Transition
Energy security has been ignored for too long, a diversified and global strategy is needed if the world is going to avoid future energy crises
Ukrainian military on Tuesday reported Russian cruise missile strikes in the south and that Ukrainian forces had hit enemy targets
Eni and NOC Sonatrach have made a discovery on their exploration campaign of the onshore Sif Fatima II concession in Algeria,
The DACF has received more than GH¢32,380,403.91 from the ABFA in 2021 following a 2019 decision of the Supreme Court in the case of Kpodo vs The Attorney-General.
The war in Ukraine has renewed European interest in investing in African oil and gas projects, according to a report from Reuters
Parliament has passed the Tax Exemptions Bill, 2022, to regulate the application of tax exemptions and other exemptions and to provide for related matters.
Out of it, $544.61 million was realised from crude oil liftings in the first five months of 2022