By Oke Peter An international oil giant, Total, has entered into an agreement with GASORED, a group of service station owners, to rebrand a network of around 250 service stations in and around Mexico City under the Total brand. Present in Mexico since 1982, Total is aiming to capitalise on the deregulation of the country’s…
By Oke Peter The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that Nigeria will begin to export refined petrol and other petrochemical products within the next four years if plans to ramp up the country’s domestic refining capacity work out well. Kachikwu stated this recently in Abuja, while addressing journalists on…
By Oke Peter Seven Energy International Limited and its wholly-owned subsidiary, Seven Energy Finance Limited has announced an update on its capital restructuring. The Group continues to progress discussions with Savannah Petroleum PLC and the Group’s lenders, including an ad hoc group of holders of the $300,000,000 10 ¼ % senior secured notes due 2021…
