The Niger Delta Avengers have issued a seven days ultimatum for the Federal Government as well as the Nigerian union of petroleum and Natural gas workers (NUPENG) to ask all international oil companies operating in the region to evacuate or face untold calamities on staff and on oil&gas facilities. According to a statement signed by General Edmos Ayayeibo, Spokesperson for Adaka boro Avengers,...

Eni has announced that the Floating, Production, Storage, Offloading (FPSO) vessel for the Sankofa Gye Nyame Oil and Gas project will be received in Ghana in March 2017. According to the Managing Director of Eni Ghana, Fabio Cavanna, construction works have progressed gradually and the vessel is expected to arrive in the country for the start of commercial production in August 2017 as planned....

Houston-based Vaalco Energy in its Q3, 2016 result announced that it has withdrawn from Angola terminating all operations, as it acquire stake in the Etame permit offshore Gabon. The company said it informed its joint venture partner, Sonangol P&P of its exit on September 30, 2016 to be effected on October 31. According to Vaalco, due to the decision it recorded a loss in Q3 totaling $15.8...

Nigeria's crude oil term contracts for next year are expected to be decided by mid-December, an official from the Nigerian National Petroleum Corp. (NNPC) said. The crude oil term lifting contracts comprise of the export of about 1.17 million bpd of Nigerian crude, out of the 2.2 million bpd being produced. This crude is then sold by contract holders to end-users, refiners and other...

Following reports of a Supreme court enquiry on Angola’s President in October, his daughter Isabel Dos Santos (photo) has come out to defend herself concerning her position as head of the state oil firm, Sonangol. According to Isabel, she had been picked for her expertise and competence, Reuters reports. Isabel Dos Santos was appointed as the chief executive of Sonangol in June, provoking 14...

The recent unexpected victory of US republican candidate Donald Trump at the Presidential elections has sent the world’s major stock markets tumbling. Troubled about the economic impact of the billionaire’s arrival at the head of the White House, US markets started plunging as preliminary results were being released, showing that Trump was ahead of her democrat opponent, Hillary Clinton....

The Senegalese Women Council (COSEF) has organized in Djémbéring, 60km from Ziguinchor, a training session for 120 women elected or president of the group for women’s promotion, on the topic of land planning and land access, APS reports. The session at which were also present local officials and decentralization experts is to help empower women using rural lands. “The goal here is to...

In Uganda, the National Union of Coffee Agribusiness and Farm Enterprises (NUCAFE) asked the government to create a legislation to protect the quality of locally grown coffee. According to the group, the law should input crop management methods and punish those who mismanage their output thus contributing to overall decline of quality. Chairman of NUCAFE, Gerald Ssendaula, said harvesting...

Senegal on Nov.4 has, via its post and telecom regulatory authority (ARTP), launched a public call to tender to attribute new licences to internet service providers - nationals only - interested in entering its market. By opening its national internet market to new operators, the government wants to “insure the harmonious development of the telecommunication sector”, ARTP emphasizes. With...

Exim Bank China will provide Benin a $270 million facility to develop the Adjarala hydropower dam. The Beninese council of ministers passed the financing agreements to the National Assembly to get approval for ratification. The financing will come as a $59 million concessional loan to which will be combined a special buyer credit facility with a preferential rate worth $211...