VAALCO Energy announces that the company has sucessfully restored production at Etame 10H well and Etame 4H Well, located offshore Gabon.

VAALCO recently began drilling the Southeast Etame 4P appraisal wellbore to evaluate a Gamba step out area in Southeast Etame. Once this second appraisal wellbore is drilled, VAALCO will have satisfied the drilling commitment under the PSC extension that was signed"...

The Transmission Company of Nigeria (TCN) has successfully completed the installation and commissioning of yet another power transformer, this time in its Asaba Transmission Substation, Delta State.

This is the first time TCN has installed and energized a 300MVA 330/132/33kV capacity power transformer in-house, even though its in-house engineers installed a greater number of the 68 power transformers"...

Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported.

While price of Brent Crude oil marker grew to 70 USD per barrel shortly after the attacks, it declined"...

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

From local start-up to international company

Anton Oilfield Services Group was established in Tarim Basin, China"...

SNC-Lavalin announces that it has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy. This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under the nine-month agreement, SNC-Lavalin will provide front-end engineering"...

BroadReach Consulting, an innovative technology-driven entity, focused on developing global healthcare solutions with many projects in Africa, has announced that Chris LeGrand will take up the position of Global Group CEO as of 1 February 2020.

Chris has more than thirty years’ business experience in the public and private health and life sciences sectors in the USA and internationally. He"...

The Director-General of the OPEC Fund for International Development, the OPEC Fund, Dr Abdulhamid Alkhalifa has signed a $20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project (PAPFA).

Dr Alkhalifa signed the loan in Ouagadougou with Burkina Faso’s Minister of Economy, Finance and Development, Lassané Kabore. PAPFA aims to contribute"...

The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital and $36 million debt facilities, to support innovative, off-grid energy access companies.

The final close, reached on 18 November 2019, was made possible through a $15 million equity contribution from the European Union (EU), and a further"...

Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, and Técnicas Reunidas (TR) of Spain have signed a $3.7 billion contract with Sonatrach for the Hassi Messaoud (HMD) refinery project in Algeria.

The project was awarded with"...

Chineme Okafor reports that all things being equal, Nigeria may have its first standard modular refinery up and running within the next five months.

Industry-based reports have shown that the world would continue to use fossil fuels for a while to meet its energy demands and supplies.

This therefore indicates that Nigeria"...