Petroleum Industry

News : Petroleum Industry

Tanzania: Gas Installations Set to Ease Fuel Costs

[Daily News] Tanzania Petroleum Development Corporation (TPDC) will this financial year construct five natural gas stations in Dar es Salaam to serve the Dar Rapid Transit (DART) buses, a plan that is expected to cut fuel cost by 45 per cent and reduce fares. (AllAfrica)

Tanzania: Rural Mini-Fuel Stations Coming, Assures Minister

[Daily News] THE government is revisiting guidelines for setting up mini-fuel stations in rural areas and small towns to increase the number of refilling stations. (AllAfrica)

Nigeria: Military Recovers Stolen Crude Oil in Niger Delta

[Leadership] The Defence Headquarters (DHQ) has said that its troops deployed against oil bunkering operators in the Niger Delta creeks recovered 1,339,000 litres of illegally refined AGO, 500,000 litres of DPK and 9,856.1 barrels of stolen crude. (AllAfrica)

Nigeria: Giving Nigerian Firms Voices in the Oil Sector

[This Day] The participation of local players in the oil and gas sector, especially strong operators with the capacity to develop technically-challenging oil fields, is mounting and this is backed by the declaration by the Ministry of Petroleum Resources who is bent on getting them to play more roles in the sector. (AllAfrica)

Africa: Nigeria Will Maintain Position As Regional Leader in Oil, Gas Industry - President

[Leadership] President Muhammadu Buhari has declared that Nigeria will strengthen its position as regional leader in the oil and gas industry, even as he said that his administration will spare no effort in ensuring maximum benefit from the nation's huge natural resources. (AllAfrica)

Nigeria: Appeal Court Unseals Seplat Petroleum's Offices

[This Day] Tobi Soniyi (AllAfrica)

Mozambique: Nyusi and Total CEO Discuss Security Questions

[AIM] Maputo -- Mozambican President Filipe Nyusi on Monday granted an audience in Maputo to the chairperson and Chief Executive Office of the French oil and gas company, Total, Patrick Pouyanne, and the two men agreed on strengthening security at the Total camp on the Afungi peninsula, in the northern province of Cabo Delgado. (AllAfrica)

Nigeria: Nigerian Newest Crude Grade, Anyala, to Arrive Europe

[Premium Times] Anyala is Nigeria's newest oil development since the start-up of the giant Egina field in late 2018. (AllAfrica)

Nigeria: Three Dead, Four Injured As Fuel Tanker Explodes in Abeokuta

[Vanguard] Abeokuta -- Three persons have been confirmed dead, while four others sustained varying degrees of injuries following a tanker explosion that occurred along the Presidential Boulevard, Kuto axis of Abeokuta metropolis, the Ogun state capital. (AllAfrica)

Nigeria: Buhari to Inaugurate Oil & Gas Centre Jan 21

[Daily Trust] President Muhammadu Buhari will on January 21 inaugurate the National Oil and Gas Excellence Centre (NOGEC) Lagos to boost operations in the nation's petroleum sector. (AllAfrica)

Nigeria: Heirs Holdings' Audacious Acquisition of OML 17

[This Day] The bold move by Heirs Holdings which manifested in the successful acquisition of a 45 per cent participating interest in Oil Mining Licence17, underscored the winning spirit of Nigerian indigenous companies, writes Peter Uzoho (AllAfrica)

Nigeria: Buhari to Inaugurate National Oil, Gas Centre Thursday

[This Day] President Muhammadu Buhari will on Thursday virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC) Lagos, as part of effort to boost the operations of the Nigeria oil and gas sector. (AllAfrica)

Nigeria: All Eyes On PIB

[This Day] Players in the Nigerian oil and gas industry and economic policy analysts are fixated on the passage, signing and implementation of the protracted Petroleum Industry Bill this year, with the hope that the proposed legislation will eliminate the fiscal uncertainties in the industry and spur investments. (AllAfrica)

Angola: China Sonangol International Privatisation May Begin This Year

[ANGOP] Luanda -- The selling process of the oil company (Sonangol)'s stake in China International Holding (CSIH) may begin this year, according to the Privatisation Programme (Propriv) underway in the country. (AllAfrica)

Nigeria: Govt to Launch Centre to Drive Cost Efficiency, Others in Oil Sector

[Vanguard] The Department of Petroleum Resources, DPR, Monday, disclosed that the National Oil and Gas Excellence Centre, NOGEC, designed to drive the three-pronged objectives of safety, value and cost efficiency in the petroleum industry, would be launched, January 21, 2021, by President Muhammadu Buhari. (AllAfrica)

Kenya: MPs to Engage Uganda on Idle Sh2 Billion Kisumu Oil Jetty

[Nation] A parliamentary team is set to engage the Ugandan government on whether it had any intention of building an oil jetty on its side of Lake Victoria to complement Kenya's Sh2.1 billion facility in Kisumu. (AllAfrica)

Nigeria: NNPC Records $120.49m Crude Oil Receipt in September

[Leadership] The Nigerian National Petroleum Corporation (NNPC) on yesterday announced that the nation's total export receipt for crude oil and gas value stood at $120.49 million for the month of September 2020. (AllAfrica)

Nigeria: 'Heirs Holdings' $1.1bn OML 17 Deal Demonstrates Renewed Confidence in Nigeria's Economy'

[Vanguard] ... As Elumelu assures communities, others of shared prosperity, economic development (AllAfrica)

Nigeria: NNPC Reports U.S.$120.49 Million Crude Oil, Gas Revenue in September

[This Day] Abuja, Ibadan -- As learning institutions reopen today, concerns continue to rise following an insistence by teachers that necessary measures have not been put in place in compliance with the COVID-19 protocols established by the Nigeria Centre for Disease Control (NCDC). (AllAfrica)

Nigeria: Navy Arrests 24 Suspected Oil Thieves in Ondo

[Vanguard] The Nigerian Navy, Forward Operating Base (FOB), Igbokoda, on Sunday, said no fewer than 24 suspected illegal oil thieves were arrested on the coastal waters in Ilaje Local Government Area (LGA) of Ondo State. (AllAfrica)

Nigeria: Cheering News From Tony Elumelu

[This Day] Lagos -- I was very elated when the news broke recently of the acquisition of OML 17 by Heirs Holding and Transcorp through their sister company TNOG Oil and Gas Limited. The 45% stake in the oil bloc was acquired from Shell, Total and Eni for the princely sum of $1.1 billion. (AllAfrica)

Kenya: Painful January for Motorists As Fuel Prices Increase

[Nairobi News] Motorists will have to dig deeper into their pockets after the Energy and Petroleum Regulatory Authority (EPRA) announced higher prices for the next 30 days starting Friday. (AllAfrica)

Nigeria: Opec - Nigeria's Economy Challenged By Inflationary Pressures

[This Day] Abuja -- The Organisation of Petroleum Exporting Countries (OPEC) yesterday noted that the Nigerian economy remains challenged by inflationary pressures on the back of rising food prices and possible recent naira adjustments. (AllAfrica)

Nigeria: Petroleum Ministry's Autogas Drive

[This Day] The Ministry of Petroleum Resources under Chief Timipre Sylva believes autogas is capable of solving the challenge of the rising price of petrol and is leaving no stone unturned to actualise it. (AllAfrica)

Nigeria: Nigerian Authorities Seize First Bank's Assets Over Shell's N183bn Debt

[Premium Times] The knotty legal wrangle is a product of an oil spill incident, half a century old, reaching back to 1970. (AllAfrica)

Nigeria: 96 Firms Bid for Rehabilitation of NNPC Pipelines, Depots

[This Day] Abuja -- Ninety-six companies from various jurisdictions have indicated interest in rehabilitating the Nigerian National Petroleum Corporation (NNPC) downstream infrastructure, including critical pipelines, depots and terminals. (AllAfrica)

Nigeria: Fuel Subsidy - Govt, Stakeholders Advocate Shift to Autogas

[Vanguard] Against the possible return to fuel subsidy burden, the Federal Government may have begun moves to get the organised private sector to implement a shift to gas from petrol in powering automobiles. (AllAfrica)

Nigeria: PIB - Traditional Ruler Calls for Collaboration With Govt

[Vanguard] King Edward Dakoro, a traditional ruler in Nembe, Bayelsa State has urged the Niger Delta region to cooperate with the Federal Government as it pursues passage of the Petroleum Industry Bill (PIB). (AllAfrica)

Nigeria: 96 Firms Bid for Rehabilitation of NNPC Downstream Infrastructures

[Vanguard] No fewer than 96 companies from various jurisdictions have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation's (NNPC) downstream infrastructure. (AllAfrica)

Kenya: More Pain for Motorists As Epra Increases Fuel Prices

[Nation] Motorists will have to dig deeper into their pockets after the Energy and Petroleum Regulatory Authority (EPRA) announced higher prices for the next 30 days. (AllAfrica)

Nigeria: FG Mulling Auto-Gas As Alternative to Petrol - Osinbajo

[Premium Times] Mr Osinbajo says there is no plan to increase taxes. (AllAfrica)