Category archives for: Oil & Gas

Dangote to save Nigeria the embarrassment of fuel shortages

Nigeria fuel shortages

from OKORO CHINEDU in Lagos, Nigeria LAGOS, (CAJ News) – WHILE it is the continent’s biggest producer of crude oil, the irony is that Nigeria suffers recurrent crippling fuel shortages. It is possibly the only oil-producing country still struggling with the importation of refined petroleum products. The chronic shortages of the commodity are seen as […]

SA motorists brace for more fuel hikes

Petrol

by SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) – SOUTH African motorists will have to fork out more for petrol following increases in the fuel and Road Accident Fund (RAF) levies, which Finance Minister, Malusi Gigaba, announced in his Budget Speech on Wednesday. The general fuel levy will rise by 22 cents (US2 cents) per litre while […]

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 […]

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