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Could Oil Overtake Agriculture as East Africa’s Economic Giant?

Could Oil Overtake Agriculture as East Africa’s Economic Giant?

Holger A. Kray is the lead agricultural economist for Africa in the World Bank’s Agriculture Global Practice and head of the Africa Agricultural Policy Unit, which carries out and oversees economic and other policy work related to agriculture in the region. The World Bank economist was in Uganda and spoke to Charles Mpagi on the […]

Oil giant Shell admits dealing with Nigerian criminal Dan Etete during corruption probe

Oil giant Shell admits dealing with Nigerian criminal Dan Etete during corruption probe

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian oil company paid $1.3bn (£1bn) […]

The Internet of Oil & Gas Set to Shake up Africa

The Internet of Oil & Gas Set to Shake up Africa

The global oil and gas industry is undergoing a period of unprecedented change and disruption. Falling crude oil prices have put immense strain on the entire oil value chain, while the increasing availability and affordability of renewable energy sources means oil & gas is no longer the de facto choice for energy generation. An African […]

Oil, Gas Firms Reject Tanzania’s Local Content Regulations

Differences between Tanzania and oil companies over local content obligations contained in Petroleum Act 2015 have resurfaced with the government collecting stakeholders’ views in efforts to enforce regulations. The companies through their organisation, Oil and Gas Association of Tanzania (Ogat) last week told the Energy and Water Utilities Regulatory Authority (Ewura) that they are uncomfortable […]

Nigeria Signs Billion Dollar Deals With China for it’s Oil and Gas

Nigeria Signs Billion Dollar Deals With China for it’s Oil and Gas

The agreements set the stage for jointly developing, financing, and constructing several high profile projects including crude oil and gas pipelines, oil refineries, port, highways, and railways across Nigeria. Chongqing Construction Engineering Group Co. Ltd (CCEGC) Chairman/Party Secretary General Mr. Yang Jingpu, Tianjin Energy Resources Ltd (Tianjin) Managing Director Engr. Peter Lin, Oilserv Limited (Oilserv)Chairman […]

Angola Leads Oil Production in Africa

Angola Leads Oil Production in Africa

With its 1.7 million barrels of crude oil a day, well above Nigeria’s 1.5 million, Angola stood in September this year, for seven running months, at the head of the African oil producing countries. The information is contained in a report from the Organisation of Petroleum Producing and Exporting Countries (OPEC). The report states that […]

Equatorial Guinea Launches 2016 Oil and Gas Licensing Round

Equatorial Guinea Launches 2016 Oil and Gas Licensing Round

Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) (www.MMIE.gob.gq) today launched the country’s latest oil and gas blocks licensing round, EG Ronda 2016, at the Africa Oil & Power conference. Companies are now able to submit letters of interest to the Ministry, and to view the official map of available blocks. The MMIE intends […]

How Can Africa Become a Fully ‘Powered’ Continent?

How Can Africa Become a Fully ‘Powered’ Continent?

With Africa’s population expected to rise to 1.8 billion in the next 35 years, demand for energy is expected to grow fourfold which means that countries will need to add 292 Gigawatts of new capacity to meet this demand. Experts at the just concluded World Economic Forum on Africa, suggest that leveraging investments into renewable, […]

Team of Oil Traders combine network of industry contacts so as to offer help to multinational companies in Africa

Team of Oil Traders combine network of industry contacts so as to offer help to multinational companies in Africa

´The firm combines a vast network of industry contacts with extensive African oil & gas industry experience to offer an unparalleled service to NOCs and multinational companies operating on the continent. DMWA Resources will target plays and partnerships across West and Central Africa. An oil & gas advisory, E&P and trading firm that aligns its […]

The West Lied To Africa About Palm Oil Being Harmful To The Heart

The West Lied To Africa About  Palm Oil Being Harmful To The Heart

The claim by western heart associations over the years that palm oil is harmful to the heart has been challenged by the Nigerian Heart Foundation, international heart bodies and experts across the globe. Instead, they believe palm oil is a healthier oil for the heart than western vegetable oil. Martins Ifijeh chronicles this argument Palm […]

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