News / International
Eni Mulls Investment in Solar Power Projects in Africa
Italian oil major Eni is ready to spend "hundreds of millions" of euros in developing solar power projects in Africa, the group's CEO, Claudio Descalzi, said.
Nigeria’s Forte Oil Seeks to Raise $502m for Expansion
Nigeria's Forte Oil said it plans to raise up to $502m to expand its operations in the country and will seek shareholders' approval at its annual General Meeting in April.
Azerbaijan, Armenia Sign Ceasefire Deal over Nagorno-Karabakh
A ceasefire between key oil and gas players in the Caspian region, Azerbaijan and Armenia, was signed on April 5th putting an end to a renewed conflict that erupted over the breakaway Nagorno-Karabakh region. The deal was concluded at a meeting between Armenian and Azeri Chiefs of General Staff in Moscow.
Aminex Starts Gas Production from Tanzania’s Kiliwani North Field
Africa-focused oil and gas production and development company, Aminex, announced that first gas production has been achieved from the Kiliwani North gas field in Tanzania.
Bulgaria-Romania Gas Pipeline to Open in August
An Austrian company will complete the remaining 2.1 km of a long-anticipated gas interconnector that will help the energy diversification of Bulgaria and Romania.
BP to Pay $20b in Environmental Damage Over 2010 Oil Spill
In the largest environmental settlement in the US history, oil and gas giant BP will pay over $20b to the American government over damages caused by an rig explosion and oil spill on April 20, 2010 in the Gulf of Mexico.
Nigeria to Set Up $150m Solar Power Project in Plateau State
Nigerian Panyam community, in Mangu Local Government Area of Plateau State, is to benefit from a $150m solar plant power project expected to take off before the end of this year.
Nigeria to Increase Petrol Price, Considering Privatisation
Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its funding crisis
