Africa Oil & Gas: OPEC Urges Nigeria, Libya To Join Oil Production Cuts

Africa Oil & Gas: OPEC Urges Nigeria, Libya To Join Oil Production Cuts

OPEC is trying to persuade Libya and Nigeria to join cuts if the cartel agrees to reduce production, delegates told S&P Global Platts, while the OPEC and non-OPEC leaders of the deal, Saudi Arabia and Russia, are still discussing how much to cut and how to share these cuts out.

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Africa Oil & Gas: Eland Oil & Gas confirms Nigeria OML 40 licence renewal

Africa Oil & Gas: Eland Oil & Gas confirms Nigeria OML 40 licence renewal

Eland Oil & Gas has announced, through its joint-venture subsidiary Elcrest Exploration and Production Nigeria, that the Honourable Minister of Petroleum Resources has consented to Elcrest’s renewal of its equity participation in Oil Mining Lease 40 (‘OML 40’), for a further 20 years, taking effect on 22 October 2018.

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Africa Energy: About 90 million Nigerians Lack Access to Electricity

Africa Energy: About 90 million Nigerians Lack Access to Electricity

Although, there are about 645 million people without electricity in Africa, with about 90 million Nigerians affected, the Minister of Power, Works and Housing, Babatunde Fashola, has said the Federal Government is doing everything possible to reverse the trend in Nigeria.

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