Energy & Power

Mozambique: Coral South Flng Project On Schedule

[AIM] Maputo -Mozambique’s National Petroleum Institute (INP), the regulatory body for oil and gas operations, is confident that the construction and installation of the Coral South floating liquefied natural gas (FLNG) unit is going ahead in accordance with the agreed calendar, with no significant delays.Read More

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Angola: Can Lourenço Deliver At a Time of Crisis?

[ISS] Angola’s President João Lourenço finds himself in the middle of numerous concentric circles of crises. These include a public health emergency in the face of the COVID-19 pandemic, government revenues slashed by falling oil prices, systemic corruption and nepotism, widespread poverty, and a steep public debt repayment schedule. Angola’s …

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Nigeria: Fatona Seeks Long-Term Lending for Oil Sector

[This Day] The Founding Managing Director of Niger Delta Exploration and Production (NDEP) Plc, Dr. Layi Fatona, has emphasised the need to address funding challenges being suffered by oil and gas operators in Nigeria arising from lack of long-term capital borrowing for investments in the sector.Read More

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Nigeria: Court Restrains Govt From Auctioning 7 Marginal Fields

[Vanguard] A Federal High Court sitting in Lagos, yesterday, restrained the Minister of Petroleum Resources, the Attorney General of the Federation, AGF and the Director, Department of Petroleum Resources, DPR, from selling, auctioning or accepting bids for some marginal fields belonging to some oil and gas operators.Read More

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Nigeria: Continued Relevance of Petroleum Equalisation Fund

[This Day] Abuja -Where justice is denied, where poverty is enforced, where ignorance prevails, and where anyone class is made to feel that society is an organised conspiracy to oppress, rob and degrade them, neither persons nor property will be safe – Frederick Douglass.Read More

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