Category archives for: Oil & Gas

KPMG industry solutions awaited at African Utility Week

African Utility Week

By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – PREPARATIONS for the 2017 African Utility Week are gathering momentum with global audit firm, KPMG, confirming diamond sponsorship of the event set for Cape Town in May. This is part of the firm’s strategy to execute its mastery from an advisory perspective. Apart from the wealth of knowledge […]

Nigeria oil companies urged to relocate bases

Shell Oil

from OKORO CHINEDU in Lagos  LAGOS, (CAJ News) – CAPTAINS of industry and commerce have endorsed calls by the Nigerian government for oil companies to relocate their headquarters to their areas of operations. The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) said this would be a major step in quelling the under development, […]

ExxonMobil to Acquire 25% in Mozambique’s Area 4

ExxonMobil

From ARIMANDO DOMINGUES in Maputo, Mozambique MAPUTO, (CAJ News) – ExxonMobil and Eni have signed a sale and purchase agreement to enable ExxonMobil acquire a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni currently holds a 50 percent indirect share in the block through a 71.4 percent stake in […]

Milestone oil, gas production start offshore Angola

Chevron Corporation

From LUCAS PEDRO in Luanda,Angola LUANDA, (CAJ News) – CABINDA Gulf Oil Company (CABGOC) Limited, the subsidiary of Chevron Corporation, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. Jay Johnson, executive vice president, Upstream, Chevron Corporation, says the milestone supports priorities of completing major projects […]

Internet of things shakes African oil & gas sector

Oil

By SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) – A technology expert has encouraged oil and gas companies in the continent to make the most of the proliferation of software to overcome the upheavals afflicting the sector. Falling crude oil prices have put immense strain on the entire oil value chain, while the increasing availability and affordability […]

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