Tag Archive

C-Kore Cable Monitor Units  deployed in Africa for first time

C-Kore Cable Monitor Units deployed in Africa for first time

May 17, 2019 No Comments

C-Kore systems recently completed their first deployment with VAYCO Oil Tools and local Nigerian partner Cranium Engineering on an asset integrity verification operation for a major oil operator off the coast of Nigeria. The C-Kore units saved vessel time and deferment on the deployment, proving the integrity of the entire network from a single location. […]

Sustainability Report shows transformation to tackle global challenges

Sustainability Report shows transformation to tackle global challenges

May 14, 2019 No Comments

Eni is releasing today Eni For 2018, its 13th sustainability report, showing how the company is transforming itself to face global challenges and contribute to delivering on the United Nations’ Sustainable Development Goals. Eni For highlights the work Eni has carried forward in 2018 and the targets for the next years in priority areas such […]

Africa Oil 2019 First Quarter Financial and Operating Results

Africa Oil 2019 First Quarter Financial and Operating Results

May 10, 2019 No Comments

 Africa Oil Corp. (“Africa Oil” or the “Company”) announced its financial and operating results for the three months ended March 31, 2019. View PDF version. HIGHLIGHTS: The Company ended the quarter with cash of $355.2 million and working capital of $321.9 million; During the first quarter of 2019, the Company completed the acquisition of an additional 19,890,560 shares of Impact Oil […]

US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola

US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola

May 7, 2019 No Comments

US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil imports from these countries to the United States spiked as oil supply from Iran and Venezuela dried up, and as reduced OPEC production made scarce heavy sour […]

Aiteo Commits to the Development of its Host Community

Aiteo Commits to the Development of its Host Community

May 7, 2019 No Comments

At the early hours of today, a section of the Nembe Community, Bayelsa State, Nigeria, converged, without prior notice, on and barricaded the entrance to Aiteo’s (http://www.AiteoGroup.com) logistics base interrupting normal work operations and ignoring the intervention of the State security task force. Following protracted engagement with them, they agreed to disband, while leaving behind […]

Seplat Announce consolidated interim financial results for the three months ended 31 March 2019

Seplat Announce consolidated interim financial results for the three months ended 31 March 2019

May 2, 2019 No Comments

Seplat Petroleum Development Company Plc announced its first quarter results. Information contained within this release is un-audited and is subject to further review. Commenting on the results Austin Avuru, Seplat’s Chief Executive Officer, said: “Our operations have continued to perform in line with expectation, with the phasing of our 2019 work programme such that the […]

Seplat Announce consolidated interim financial results for the three months ended 31 March 2019

Seplat Announce consolidated interim financial results for the three months ended 31 March 2019

April 30, 2019 No Comments

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), announced its first quarter results. Information contained within this release is un-audited and is subject to further review. Financial performance summary Revenue of US$160 million (2018: US$181 million) and gross profit of US$81 million (2018: US$93 million) represents a 51% gross profit margin (unchanged year-on-year); Revenue […]

Africa needs massive investments for economic development

Africa needs massive investments for economic development

April 29, 2019 No Comments

Former Ethiopia Prime Minister, Hailemariam Desalegn has described as exceptional and enormous the investment of the Dangote Group (https://Dangote.com) in Africa’s oil refining sector and urged other private sector investors to take a cue from the group’s investment drive. Speaking during the tour of Dangote Jetty, Fertiliser and Refinery Plant, Desalegn said the President of […]

Canadian Overseas Petroleum Limited Q1 Update

Canadian Overseas Petroleum Limited Q1 Update

April 29, 2019 No Comments

Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company focused on sub-Sahara Africa, announces its results for the year ending December 31, 2018 and an update for the first quarter, 2019. Highlights for the year ended 2018 are as follows: • Secured […]

Oil Company workers kidnapped in Nigeria

Oil Company workers kidnapped in Nigeria

April 29, 2019 No Comments

Two senior employees of the oil company Shell have been kidnapped as the workers were returning from a business trip on Thursday on a road in Rivers state. Gunmen killed the police escort, and seized the two workers, in Nigeria’s Niger Delta region, police said. A police spokesman said efforts were under way to rescue […]

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