Category archives for: Oil & Gas

Tullow allocates over $2 billion in Kenya project

TULLOW Oil

From MARIA MACHARIA in Nairobi, Kenya NAIROBI, (CAJ News) – TULLOW Oil is set to invest more than US$2 billion in the upstream and pipeline ahead of oil production in Kenya. Total gross capital expenditure (CAPEX) associated with the foundation stage is expected to be $1,8 billion in the upstream and $1,1 billion for the […]

$55 million for Mozambique natural gas utilisation

Oil and Gas Mozambique

from ARIMANDO DOMINGOS in Maputo, Mozambique MAPUTO, (CAJ News) – AN investment of $55 million (about R698.5 million) is set to enhance the utilisation of Mozambique’s natural gas resources to generate power for the country’s economic growth and to increase access to electricity. International Finance Corporation (IFC), a member of the World Bank Group, on […]

ExxonMobil gets exploration approval offshore Ghana

ExxonMobil

from RUSSEL ADADEVOH in Accra, Ghana ACCRA, (CAJ News) – EXXONMOBIL has signed an agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamentary ratification. Exploration activities, including acquisition of seismic data and analysis, are expected to commence later in […]

Oil-rich Nigeria’s awkward fuel shortages persist

A worker inspect facilities on an upstream oil drilling platform at the Total oil platform at Amenem,  Port Harcourt , Niger Delta, Nigeria. AFP

from OKORO CHINEDU in Lagos, Nigeria LAGOS, (CAJ News) – RECURRENT fuel shortages in Nigeria, ironically the continent’s prime producer of the commodity, are seen as highlighting its failure to domestically refine the petroleum products it requires for its own consumption. Also Africa’s biggest economy, the West African country has seen the scarcity return to […]

ENERGY: “Clean coal” set to be catch-cry of 2018

US President Donald Trump on 'clean coal' campaign

from EMEKA OKONKWO in Abuja, Nigeria ABUJA, (CAJ News) – A year ago, Donald Trump’s plan to revive coal was seen as a joke. Now, with ever more countries on board, it’s a global reality that could bring electricity to millions. With less than two weeks until the World Economic Forum (WEF) in Davos, a […]

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