The Acting President, Prof Yemi Osinbajo, has advised Ministers of African Petroleum Producers’ Orgnisation (APPO) to evolve workable reforms to solve the energy challenges and improve energy access on the continent.

Osinbajo made the call while declaring open the extraordinary session of the Council of Ministers of APPO in Abuja on Monday.

APPO"...

(ME NewsWire)-- Mitsui Chemicals Inc. (Location: Minato-ku, Tokyo; President & CEO: Tsutomu Tannowa) (TOKYO:4183) announced that Mitsui Chemicals Catalysis Science Award will begin accepting applications for the “2018 Mitsui Chemicals Catalysis Science Award” on September 1st via web site of the company.

Mitsui Chemicals established the Mitsui"...

• Revenue of $7.5 billion increased 8% sequentially
• Pretax operating income of $950 million increased 25% sequentially
• GAAP loss per share, including charges of $0.40 per share, was $0.05
• EPS, excluding charges, was $0.35
• Quarterly cash dividend of $0.50 per share was approved

(ME NewsWire)-- Schlumberger Limited (NYSE:SLB) today reported results for the second quarter of"...

(ME NewsWire)-- REDAVIA, a global market leader of cost-effective rental solar power for businesses and communities, has kicked off operations of its eight-container solar farm at Shanta Gold’s New Luika mine in the Chunya district, Tanzania. With the initial one container solar plant, deployed in 2014, Shanta Gold quickly experienced the benefits: it generated around 100,000 kWh with fuel savings of 28,000 liters and CO2 reduction of 67 tons per year. Shanta’s underground expansion plans then saw an increasing energy demand, so they turned to REDAVIA to lease an additional seven containers. With eight now operational in total and a capacity of 674 kWp, Shanta is now set to generate more than 1 million kWh per year, saving 219,000 liters of fuel and %660 tons of CO2. “This is an exciting moment for......

Algerian Energy Minister, Mustapha Ghitouni, has met, Sunday morning in St. Petersburg (Russia), the President of the Organization of Petroleum Exporting Countries (OPEC), Khalid Al-Falih, and the Secretary-General of the same organization, Mohamed Barkindo.

“In anticipation of tomorrow’s meeting of the 4th"...

QNB Group, the largest financial institution in the Middle East and Africa, has recently commenced operations in the city of Mumbai, the economic capital of the Republic of India.

The start of the Group’s operations in the Republic of India comes in support of its vision to become a leading bank in the Middle East, Africa,"...

Energy Minister, Mustapha Guitouni, will participate in the 4th meeting of the Joint Ministerial Committee for the Follow-up of OPEC and Non-OPEC Countries (JMMC) to be held next Monday in St. Petersburg, Russia, said, Thursday, a statement of the ministry.

At the December meeting, eleven (11) non-OPEC oil producers cooperated with the 13 OPEC member countries in a concerted effort to rebalance"...

Sonatrach is aiming at a new economic approach based on the local transformation of hydrocarbon raw materials for the creation of added value and employment, Sonatrach’s CEO, Abdelmoumen Ould Kaddour, reaffirmed on Thursday.

“We are working with foreign partners as part of a new economic approach, that is,"...

(ME NewsWire)-- SECOND QUARTER HIGHLIGHTS

• Total and base orders grew 3%1; higher orders in all regions
• Revenues up 1%
• Operational EBITA margin2 12.4%, dampened this quarter by commodity prices and some overcapacity
• Net income $525 million
• Cash flow from operating activities $467 million reflects timing of short-term incentive payments
• Net working capital as a percentage"...

(ME NewsWire)-- The 10th edition of the World Games 2017 will be distributed in Europe jointly by SES and ATM System, the official host broadcaster for the multi-sport event. The international event, taking place in Wroclaw, Poland, from 20 to 30 July 2017, will be transmitted via two SES satellites: SES-4 located at 22 degrees West and ASTRA 3B at 23.5 degrees East.

Under"...