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Tags: AFRICA

Africa’s gas reserves hit 614trn cubic feet

Africa’s gas reserves hit 614trn cubic feet

Africa’s huge gas reserves currently stood at about 614 trillion cubic feet, even as Nigeria had the continent’s largest reserves with 199 trillion cubic feet , Algeria (159 trillion cubic feet) and Mozambique (100 trillion cubic feet) occupying the second and third positions respectively, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr.Maikanti… READ MORE

Sahara Group is  looking to acquire Total’s stakes in Three African Refineries

Sahara Group is looking to acquire Total’s stakes in Three African Refineries

Privately owned Sahara Group is looking to significantly increase its interests in Africa’s refining sector to take advantage of its trading of refined products in the continent, its executive director said Monday. “The market has changed now. From your traditional typical trading [house], now you have to invest in infrastructure and provide some sort finance,”… READ MORE

African marginal producers urged to leverage opportunities

African marginal producers urged to leverage opportunities

Chairman, Green Energy International Ltd., Prof. Anthony Adegbulugbe, has said marginal oil field producers in Africa must leverage unique opportunities in the oil and gas business to survive. Adegbulugbe, who spoke at the African Marginal & Independent Oil and Gas Producers Conference, in London, argued that marginal oil producers holds significant promise for the robust participation of skilled… READ MORE

Propane production consistently exceeding 2 million bpd

Propane production consistently exceeding 2 million bpd

Throughout the summer, we monitor inventory builds very carefully and provide data and analysis in our daily reports. By this time of year, we usually start monitoring heating degree-days and only report on the inventory data when the Weekly Petroleum Status Report from the Energy Information Administration is released. We typically make the switch when… READ MORE

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