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African oil

Energy

NNPC Ltd ranks third for free cash flow generation among African oil companies in 2024 — Report

NNPC Ltd has been ranked third for free cash flow generation by oil companies in Africa by 2024. This is according to the State of the African Energy 2024 Outlook Report released in November 2023 by the African Energy Chamber.…

NewsDirect
December 1, 2023

Energy

African oil producers struggle to increase oil production as investment scales down

Sub-Saharan Africa, especially its largest oil producers Nigeria and Angola, will struggle to raise oil output through the middle of this decade, as international majors are shifting their investment priorities, data and analytics company GlobalData said on Friday. Lack of…

NewsDirect
August 10, 2021