All posts tagged "featured"

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  Petrobras Won’t Need Additional Debt in a Decade, CFO Says

  Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, said its plan to more than double output will boost cash flow and eliminate the need to tap debt markets after about 10 years. The company’s profit from oil sales...

  • Posted July 27, 2011
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  Candax Energy farms out major oil and gas exploration to Afren

  Candax Energy Inc. says it has entered into a binding agreement to farm out a major part of its working interest and operatorship of Block 1101 in Madagascar to LSE-listed energy company Afren Plc. After the transaction,...

  • Posted July 26, 2011
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  Tam David-West blames problems of refineries on saboteurs

  A former Nigerian Minister of Petroleum, Professor Tam David-West, has called on the Federal Government to identify those persons who have sabotaged the operations of the refineries in the country. David-West told journalists on Thursday in Port...

  • Posted July 24, 2011
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  Court orders IG to arrest Fidelis and Noel Anosike

  A Lagos High Court in Ikeja on Thursday issued a bench warrant on Directors of Folio Communications Limited, Mr. Fidelis Anosike and Mr. Noel Anosike, and ordered the Inspector General of Police (IGP), Mr Hafiz Ringim, to...

  • Posted July 24, 2011
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  Diageo to invest N55 billion in Guinness Nigeria

  Diageo plc (LON:DGE), the brewing giant, announced that it has partnered with Guinness Nigeria to invest N55 billion in Nigeria to expand its brewing capacity. The new investment will be used to upgrade the existing facilities and...

  • Posted July 24, 2011
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  Templeton Frontier Markets Fund launched

  Franklin Templeton Investments Corp. launched today the Templeton Frontier Markets Fund, a first-of-its-kind emerging markets fund to be managed by investing guru Mark Mobius and his team. The fund will invest at least 80 per cent of its...

  • Posted July 22, 2011
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  Mira Corp Announces Mohammed Asibelua as Chairman of the Board

  Mira Resources Corp.  and its wholly owned subsidiary Equinox TSB Development (Nigeria) Limited are pleased to announce that Mr. Mohammed Asibelua, Chairman of the Equinox Group has agreed to accept the position as Chairman of Mira’s Board...

  • Posted July 20, 2011
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  ERHC Energy Increases Stake in Exile Resources

  ERHC Energy Inc,  a publicly traded American company with oil and gas assets in West Africa, today announced it has increased its stake in Exile Resources (www.exileresources.com), a Canadian independent, to approximately 7.35 percent. Exile trades on the...

  • Posted July 20, 2011
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  Sierra Leone Lawmakers Agree to Restore Oranto of Nigeria Oil-Block Rights

  Lawmakers in Sierra Leone approved an agreement between Oranto Petroleum Ltd. of Nigeria and the West African nation’s government to restore the company’s rights to an offshore oil block. The deal was passed after the International Court of Arbitration...

  • Posted July 20, 2011
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  Africa: The bottom billion becomes the fastest billion

  Africa now has more of the world’s fastest-growing economies than any other. Age is not often associated with speed. But Africa, the world’s oldest continent, now has more of the world’s fastest-growing economies than any other. Over...

  • Posted July 19, 2011
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