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Massive Dangote Refinery To End Nigeria’s Fuel Shortage

AFRICANGLOBE - A plan by Africa's richest man to transform one of the continent's largest oil industries is taking shape on a swampy piece of land outside Nigeria's commercial capital, Lagos. Nigerian industrialist Aliko Dangote is constructing a refinery that has the capacity to turn 650,000 barrels of oil into gasoline, diesel, kerosene and jet fuel — enough to potentially satisfy all the country's daily needs.

Nigeria Signs $50 Billion Oil And Gas Infrastructure Deal With China

AFRICANGLOBE - The Nigerian National Petroleum Corporation (NNPC) has said that its strategy to fund capital intensive projects in the upstream sector of the oil and gas industry has begun yielding fruits with the signing of a Memorandum of Understanding (MoU) with some Chinese companies worth $50 billion for infrastructure development.

Africa Needs To Fully Leverage Its Oil And Gas Resources

AFRICANGLOBE - Much of the recent economic growth enjoyed by large parts of Africa has been a direct result of the positive momentum achieved in oil and gas production. The fact that this momentum has been driven by existing producers like Nigeria, Angola, Algeria as well as investment in new producing countries like Ghana, Mozambique, Tanzania, Uganda and Kenya, augurs very well for the future of oil and gas in Africa and for the potential for economic growth overall on the continent.

GE Oil & Gas Commence Fabrication Of Subsea Wellheads In Nigeria

AFRICANGLOBE - After nearly 4 years of planning, and over $4.5 million investment in facilities, recruitment and training, GE has announced that it now has the capability to fabricate subsea wellheads in Nigeria for its Oil and Gas customers.

East Africa’s Oil And Gas Discoveries Could Kick-Start Economic Boom

AFRICANGLOBE - East African oil and gas discoveries are poised to fundamentally transform the economies of the region as the fuel resources usher in new investment in road, rail, power and industrial infrastructure, according to Standard Bank.

Nigeria: Foreign Oil Workers Making $140,800 Annually

AFRICANGLOBE - Expatriate workers in the Nigerian oil and gas sector are the highest paid in Africa and 11 most paid in the world, with an average annual salary of N22.246 million ($140,800), according to a global oil and gas salary survey.

East Africa Advised to Share Oil Infrastructure

East African countries have been urged to design common oil and gas infrastructure to take advantage of economies of scale and avoid wasteful duplication...