Oil

Leading international oilfield services company Expro is celebrating a significant contract extension with Perenco in Cameroon. The award is an extension of services from a previous well campaign and will last for the duration of one year. Expro will …

For the avoidance of doubt, I resisted the ceding of Bakassi to Cameroon to the limit of my ability … Finally, still with regard to the disputed oil wells, I wish to conclude that as a mother, I recognize the … Continue reading →

Palm oil is the world’s cheapest edible oil being used increasingly by the commercial food industry, and also a key ingredient in some biofuels. Global demand is rocketing and large corporations are seeing it as the next big thing, grabbing … Continue reading →

For the avoidance of doubt, I resisted the ceding of Bakassi to Cameroon to the limit of my ability … Finally, still with regard to the disputed oil wells, I wish to conclude that as a mother, I recognize the … Continue reading →

CALABAR – DISPLACED Bakassi indigenes, have threatened to return to the oil-rich Peninsula ceded by International Court of Justice to the Republic of Cameroon, claiming that United Nations and Federal Government deceived and abandoned them. The people …

concluded the Article IV consultation with Cameroon on a lapse of time basis.1 Background The economic rebound observed in 2010 strengthened in 2011, with growth reaching 4.2 percent (compared with 2.9 percent in 2010), despite a decline in oil output.

Cameroon’s crude production rose nearly 10 percent in the first quarter of 2012 to 5.78 million barrels compared with 5.26 million barrels during the same period in 2011. However, revenues from petroleum exports, which account for about 45 percent of … Continue reading →

China National Petroleum Corporation is Niger’s dominant international … Around 60,000 bpd will be exported via a pipeline linking into the landlocked country to the Chad-Cameroon pipeline, allowing it to export its crude onto the international spot …

YAOUNDE, July 12 (Xinhua) — National Hydrocarbons Corporation (SNH), the Cameroon’s state oil company, and Perenco have signed an agreement to purchase a floating crude oil storage and loading terminal in the Rio del Rey basin by November this year.