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October 15, 2018Market Report: Subsea 7 awarded contract on Jubilee field
New policy for locally operating firms to refine at least 20 percent of the crude oil they produce in Nigeria.
March 31, 2020China’s Industrial Slowdown Will Impact Africa’s Development
Several African countries face supply and demand “shocks” in face of dependence on Chinese buyers.
December 13, 2019Market Report: H.E. Minister Mr. Timipre Sylva aims to cut production costs of oil from Nigeria
The Minister of State for Petroleum Resources aims to achieve this through the support of local vendors.
December 11, 2019Springfield Group Confirms 1.5 Billion Barrels of Oil in Recent Discovery
The discovery will boost Ghana’s production from 200,000 to 250,000 barrels of oil per day.
November 29, 2019Market Report: Global Oil & Gas sector sees an upstick
Springfield made two discoveries offshore Ghana totaling 1.2 billion barrels of crude.
November 18, 2019Springfield Group Discovers Oil in Ghana
The independent African company has made a 1.2-billion-barrel oil discovery in deep water.
July 1, 2019Market Report: President Buhari appoints new acting chairman for NNPC
President Muhammadu Buhari appoints Dr. Thomas John as the acting alternate chairman.
April 26, 2019Market Report: Minister appeals for investment into Nigeria
Nigeria appeals for investors to empower four of the nation's refineries.
April 15, 2019Chevron acquires Anadarko for $33 billion
The deal will solidify Chevron’s position on American shale assets.
January 21, 2019Market Report: NPDC raising money to develop Nigeria’s crude reserves
The Organization is interfacing with third-party financiers to raise $3.15 billion.