AllAfrica News: Petroleum

Nigeria: NNPC, First E&p Jv Commences Production in Omls 83/85

Sat, 31 Oct 2020 09:27:00 GMT

[This Day] The Nigerian National Petroleum Corporation ("NNPC") and FIRST Exploration and Petroleum Development Company ("FIRST E&P") Joint Venture has announced the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85.

Nigeria: Dwindling Oil Demand - 14,000 ExxonMobil Staff to Lose Jobs

Fri, 30 Oct 2020 11:15:44 GMT

[Vanguard] As the Coronavirus (COVID-19) pandemic hits global crude oil demand, a fresh indication has emerged that, no fewer than 14, 000 staff of ExxonMobil will lose their jobs.

Nigeria: DPR Says 2020 Marginal Oilfield Bid Still On

Fri, 30 Oct 2020 10:10:41 GMT

[Vanguard] The Department of Petroleum Resources (DPR) says the bid round process for its 57 marginal oilfields in the country is still ongoing.

Namibia: November Fuel Prices to Remain Unchanged

Fri, 30 Oct 2020 10:09:32 GMT

[Namibia Economist] The Ministry of Mines and Energy this week announced that the price of fuel will remain unchanged during November, meaning that the price for diesel will remain at N$11.58 per litre and petrol at N$11.65 per litre.

Malawi: Watchdog Demands Probe Into Mining, Oil Deals

Fri, 30 Oct 2020 08:38:29 GMT

[Nyasa Times] Malawi has 72 firms given exploration and mining licences but were not doing much, according to a confidential government report which Nyasa Times has seen, prompting the Human Rights Defenders Coalition (HRDC) demanding an investigations in into the mining deals.

Sudan: Sudan's Transport Tariffs Soar Following Fuel Price Hike

Fri, 30 Oct 2020 07:27:30 GMT

[Radio Dabanga] Khartoum / Atbara -- Khartoum and Atbara witnessed limited protests on Tuesday and Wednesday in response to the 400% increase in the price of fuel announced by the government this week. People in Khartoum expressed their dissatisfaction with the 100 per cent increase in transportation tariffs in Khartoum after new fuel price increases.

Nigeria: Fresh Concerns As Crude Oil Price Slumps Below U.S.$40

Fri, 30 Oct 2020 06:53:13 GMT

[This Day] Abuja -- The price of Brent, the benchmark for Nigeria's crude oil, fell below $40 per barrel to a four-month low of $37 yesterday, raising fresh fears of another price collapse as countries in Europe announced a new rash of lockdowns on the back of a second wave of the COVID-19 pandemic.

Nigeria: Contracts Secrecy in Oil Industry Endangering the Economy - Report

Fri, 30 Oct 2020 06:06:17 GMT

[Vanguard] A coalition of Civil Society Organisations, in a report published yesterday, lamented that a number of critical contracts in the Nigerian oil and gas industry are shrouded in secrecy and risk endangering the Nigerian economy and the welfare of citizens.

Namibia: Fuel Prices Remain Unchanged for November

Thu, 29 Oct 2020 15:05:03 GMT

[New Era] The Ministry of Mines and Energy yesterday confirmed that fuel pump prices for November 2020 will remain unchanged countrywide. A ministerial statement from spokesperson Andreas Simon noted that even though minimal under and over-recoveries were recorded in the fuel retail industry, the ministry will strive to continue softening the burden on consumers and, at the same time, keep the fuel pump prices stable to ensure the sustainability of the National Energy Fund.

Nigeria: PIB - Annual Contribution of 2.5% to Host Community Will Rise to 5% - Omo-Agege

Thu, 29 Oct 2020 10:53:31 GMT

[Vanguard] Ahead of the passage of the Petroleum Industry Bill, 2020, Deputy President of the Senate, Senator Ovie Omo Agege (APC, Delta Central), has assured the people of Niger Delta region that the annual contribution of 2.5 per cent actual operating cost by oil companies to the Host Community Development Trust Fund would be increased to, at least, 5 per cent.

East Africa: Oil Firms, State Sweating Out Pending Issues on Tullow Sale

Thu, 29 Oct 2020 08:03:41 GMT

[East African] After approval of Tullow sale to Total, the government and joint venture partners in the Lake Albert Development Project are now working on pending issues to meet the December target for Final Investment Decision (FID).

Nigeria: Nigerian Refineries Damaged Beyond Turnaround Maintenance - Oil Board

Thu, 29 Oct 2020 05:54:34 GMT

[This Day] The Nigerian National Petroleum Corporation (NNPC) yesterday attributed the prolonged neglect of overhauling the refineries in the country to the delay in making them functional.

Nigeria: Senator Omo-Agege Begs Niger Delta Agitators Not to Attack Oil Facilities

Thu, 29 Oct 2020 05:54:16 GMT

[This Day] The Deputy President of the Senate, Senator Ovie Omo-Agege has appealed to members of the Reformed Niger Delta Avengers (RNDA) to halt its planned attacks on oil facilities in the region.

Nigeria: Don't Destroy Oil Facilities, Omo-Agege Begs Niger Delta Avengers

Thu, 29 Oct 2020 05:10:25 GMT

[This Day] Abuja -- The Deputy President of the Senate, Senator Ovie Omo-Agege, has appealed to members of the Reformed Niger Delta Avengers (RNDA) to halt its planned attacks on oil facilities in the region.

Nigeria: NNPC Blames Curfew for Long Fuel Queues in Abuja

Wed, 28 Oct 2020 14:25:23 GMT

[This Day] The Nigerian National Petroleum Corporation (NNPC) has blamed the return of fuel queues in Abuja on the curfew imposed in some states, which disrupted the distribution of petroleum products, and cautioned against panic buying.

Nigeria: Supreme Court Declines Jurisdiction Over Bayelsa Soku Oil Wells Suit

Wed, 28 Oct 2020 11:53:58 GMT

[Vanguard] The Supreme Court on Tuesday refused to hear a suit brought by the Bayelsa government seeking to stop the Federal Government from further paying monthly statutory allocation from Soku oil wells to Rivers.

Nigeria: Do Not Switch Off the AIS in Nigerian Waters, NNPC Warns

Wed, 28 Oct 2020 11:43:46 GMT

[Vanguard] Nigerian National Petroleum Corporation, NNPC,has issued a notice warning its clients and other stakeholders that the Nigerian Navy will investigate, and will arrest ships that switch off their Automatic Identification system, AIS, when operating in Nigerian waters. It further reminds masters of their obligations under SOLAS Reg.V/19 to maintain their AIS in operation at all times, when underway or at anchor. The NNPC notice can be viewed here.

Nigeria: No Petrol Scarcity in Abuja, IPMAN Clarify Residents

Wed, 28 Oct 2020 11:43:22 GMT

[Vanguard] The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday, debunked the rumours of impending scarcity in Abuja.

Nigeria: Fuel Queues to Fade Out in Days - Stakeholders

Wed, 28 Oct 2020 08:07:39 GMT

[Vanguard] Nigerians have been urged to resist the urge to engage in panic buying of petroleum products due to the current fuel scarcity of products in some of the distribution outlets across the country which was occasioned by the recent rally by youths across the country to demand an end to police brutality.

Sudan: New Prices for Gasoline and Benzene Announced

Wed, 28 Oct 2020 08:03:46 GMT

[SNA] Khartoum -- The government, on Tuesday, announced the implementation of the new fuel prices , canceling the current prices for commercial and service petroleum products.