Market News
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Ghana\'s state oil company can take over the much-smaller national gas firm under a deal approved by the government
Posted on :Thursday , 20th November 2014
Ghana's state oil company can take over the much-smaller national gas firm under a deal approved by the government, Finance Minister Seth Terkper said on Wednesday during the annual budget. The deal will bring Ghana National Petroleum Corporation (GNPC) finance to a Ghana Gas pipeline and processing facility that transports gas from the offshore Jubilee oilfield onshore for domestic use, . . .
Nigeria: Experts Call for Gas Revolution to Diversify Economy
Posted on :Wednesday , 19th November 2014
Changing the paradigm of continuous gas flaring which has ranked Nigeria as the second largest Gas flaring nation after Russia and Iraq to a country that earns more revenue from gas that surpasses income generated from oil production, was part of the resolution of experts and participants across Nigeria ,Africa and Europe who attended the 32nd edition of National Association of Petroleum . . .
Toyota Tshusho named oil pipeline lead consultant
Posted on :Wednesday , 19th November 2014
Toyota Tshusho Engineering Corporation will design and carry out a feasibility study for the construction of a crude pipeline between Hoima to the Kenyan coast after the company won the tender.
The company that signed the contract last week in Kampala submitted a design that would see the crude oil pipeline follow the Hoima-Lokichar-Lamu route in a project estimated. . .
Ghana National Petroleum Corporation (GNPC) is seeking US$1bn to become an independent operator, according to a report
Posted on :Tuesday , 18th November 2014
Reuters reported that GNPC is in talks with Dutch commodities trader Trafigura and banks for a US$700mn five-year loan at 4.43 per cent to fund its oil and gas projects.
GNPC is state-owned and a major player in Ghana’s oil exports, but said its need to boost capital cannot be met entirely through public sources.“GNPC has to be prudent and build up capit. . .
Nigeria has Africa\'s largest gas reserves, states OPEC report
Posted on :Tuesday , 18th November 2014
The Organisation of Petroleum Exporting Countries (OPEC), in its latest World Oil Outlook 2014, has stated that Nigeria has retained the top position in Africa in terms of holding the largest reserves of gas on the continent
Nigeria, ranked ninth globally, follows Russia, Iran and Qatar on the list of countries having the largest reserves of gas. Algeria is ranked 10th and Egypt. . .Please Select an Option
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