Oil & Gas

Successful entrepreneurs are known for diversifying their assets to cover a wide range of vital industries with great economic value. Dr Ambrose Bryant Chukwuemeka Orijako, popularly known as ABC Orijako is one of them. He is a medical doctor turned business mogul and billionaire with holdings in a variety of…

Oil producing African countries relies on crude oil exports for a substantial percentage of their revenue. The Middle East, Asia, and North America are the world’s major oil-producing countries, and these are the locations most often associated with oil production. A few African countries, also produce considerable amounts of crude…

African countries make up five of the world’s top thirty largest oil reserves. In 2019, the continent produced over 7.9 million barrels per day, accounting for around 9.6% of global output. In 2020, the continent’s crude oil reserves were about 6.9 million barrels per day, while in 2021, it was…

Sonangol’s restructuring process prioritizes financial stability, with the company looking at bringing the national oil company to the stock exchange.

The Company has successfully completed the regulatory processes for the change of name.

The second virtual session of the U.S.-Africa Energy Forum 2021 implored U.S. investors and policymakers to take a leading role in financing and supporting Africa’s clean energy transition.

Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 30th Meeting of the Joint Ministerial Monitoring Committee (JMMC), 1 June 2021, via videoconference.

Africa’s list of female billionaires continues to flatline as Nigerian fashion designer turned oil mogul, Folorunsho Alikija’s net worth has fallen from $1 billion.  This downward trend started last year with Angola’s  Isabel Dos Santos who has lost her fortune following a series of legal charge.  Mrs Alakija’s net worth…

A Nigerian integrated energy company, Ardova Petroleum Plc (AP), is finalising an acquisition deal with Enyo Retail and Supply Limited, a fast-growing retail and supply company in the downstream sector, Business Elites Africa can confirm. According to a statement released by AP and seen by this publication, Enyo shareholders have…

Business Elites Africa (BEA) has been reliably informed that the tank farm that exploded in the Apapa area of Lagos on Thursday, Oct. 5, is no longer owned by Oando Plc. The petrol depot is owned by OVH Energy, Oando’s former subsidiary. An inside source at Oando told BEA that…