Oil & Gas

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…

A tank farm at Marine Beach, Apapa area of Lagos State, belonging to Nigerian oil company, Oando, is currently on fire, the Federal Fire Service confirmed on Thursday afternoon. The firefighters said they are battling to put out the raging fire while warning members of the public to avoid the…

British-Dutch multinational, Shell, is reportedly planning to slash up to 40% off the cost of producing oil and gas, as it pivots to focus on the renewable energy and power markets. According to Reuters, the company is overhauling its entire oil and gas business in light of the global economic…