Representatives from national, international and smaller contracting oil companies are scheduled to meet with African government representatives to discuss local content policy this December.
On October 16, 2009, Oxford's Prof. Paul Collier gave a talk at Serena Hotel in Kampala on the prospects of an oil windfall in Uganda. Unlike in most of his work, this time Collier did not focus on how the international community (read the West) can help Uganda use its oil revenues well; his entire speech, though sounding like a primary school headmaster advising his pupils, was about what we ...
People from Twenty eight communities likely to be affected by oil production in the Western region of Ghana have called for a wider engagement and consultations on the Environmental Impact of the oil production, before production starts.
Kenya is still hunting for oil in Isiolo where a Chinese firm has pitched tent.
Ambassador Kabral Blay-Amihere, former Ghana Ambassador to La Cote d'Ivoire, has cautioned that oil flow may well fuel corruption to disturbing levels.
Uganda is in a pole position to become one of the top 50 oil-producing countries in the world in six years, according to experts.
Ghana's enthusiastic efforts to become a major oil industry player in Africa could be short lived, as the country would only mine the 'Black Gold' for just 20 years. Furthermore, data from the World Bank and International Monetary Fund have projected that Ghana could rake a total of $ 247.44million as oil revenues in 2011, which would decline to $1,550 in 2017.
Pirates suspected to come from Nigeria have attacked an oil tanker off the coast of west Africa, killing a Ukrainian seaman, the commander of Benin's naval forces says.
Conditions in Equatorial Guinea cast serious doubt about the credibility of the forthcoming presidential election, Human Rights Watch said today.
Federal Government yesterday sought for Venezuela's investment in Nigerian's refineries as part of efforts to achieve successful deregulation in the downstream petroleum subsector.
Four days after Vice President Goodluck Jonathan promised that no Nigerian will use power generators next year, the Presidency itself proposes to spend N542.4 million in the 2010 Federal budget to purchase and fuel power generating plants.
Chairman of the Senate Committee on Gas Resourcess, Osita Izunaso, disclosed yesterday that the Petroleum Industry Bill (PIB) will be passed before the National Assembly proceeds on Christmas break next month.
As part of the national mitigation efforts to contain the impact of climate change, the Federal Government through the Nigerian National Petroleum Corporation (NNPC) said it has embarked on gas utilisation projects that would gulp a total of $12.1bn between now and 2013 with the aim of achieving alternative energy development and a low carbon economy.
Hauwa Adamu's favourite subjects are Chemistry and Biology. Notwithstanding that oil is the backbone of Nigeria's economy, the SS2 student of Government Secondary School, Jiwa, Abuja, said she knew nothing about how the country became one of its major producers in the world.
I was quite tickled that Mr Tony Buckingham, the shrewd ex-mercenary and chief of Heritage Oil, is set to make £80million (Shs240 billion) from selling its lucrative oil fields in Uganda.
