AllAfrica News: Petroleum

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

Fri, 15 Jan 2021 13:10:13 GMT

[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.

Nigeria: Petroleum Ministry's Autogas Drive

Fri, 15 Jan 2021 11:31:43 GMT

[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.

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

Fri, 15 Jan 2021 10:21:22 GMT

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

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

Fri, 15 Jan 2021 07:57:42 GMT

[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.

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

Fri, 15 Jan 2021 07:48:17 GMT

[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.

Nigeria: PIB - Traditional Ruler Calls for Collaboration With Govt

Fri, 15 Jan 2021 07:43:31 GMT

[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).

Nigeria: 96 Firms Bid for Rehabilitation of NNPC Downstream Infrastructures

Fri, 15 Jan 2021 03:56:10 GMT

[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.

Kenya: Painful January for Motorists As Fuel Prices Increase

Fri, 15 Jan 2021 03:55:59 GMT

[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.

Kenya: More Pain for Motorists As Epra Increases Fuel Prices

Thu, 14 Jan 2021 16:09:41 GMT

[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.

Botswana: No Need to Panic Over Fuel

Thu, 14 Jan 2021 12:51:45 GMT

[Botswana Daily News] Gaborone -- Batswana have been advised not to panic as the country's fuel demands will still be met despite the reduction of imported quantities from South Africa.

Nigeria: Vested Interests Delaying Passage of PIB, Ex-NNPC Scribe Alleges

Thu, 14 Jan 2021 07:53:39 GMT

[This Day] A former Secretary and Legal Adviser to the Nigerian National Petroleum Corporation (NNPC), Prof. Yinka Omorogbe, has disclosed that the passage of the Petroleum Industry Bill (PIB), is being delayed by vested interests within and outside the country.

Nigeria: Osinbajo Demands Cheaper Cost of Oil Production

Thu, 14 Jan 2021 07:46:49 GMT

[This Day] Vice President Yemi Osinbajo has stressed the need to ensure increase in the nation's oil production volume at cheaper costs.

Nigeria: NNPC Turns to Condensates to Offset Losses From Opec Cuts

Thu, 14 Jan 2021 07:43:30 GMT

[This Day] Abuja, Lagos -- The Nigerian National Petroleum Corporation (NNPC) has said it is now focusing on condensates, which are excluded from April 2020 production cuts announced by the Organisation of Petroleum Exporting Countries (OPEC), to curtail the crude oil supply glut and boost the government's revenue.

West Africa: Guinean President Admits to Negotiating With Senegal Sharing Future Oil Discoveries

Wed, 13 Jan 2021 12:58:56 GMT

[ANGOP] Bissau -- President of Guinea-Bissau Umaro Sissoco Embaló admitted Wednesday that he is negotiating agreements with Senegal for a possible sharing of future discoveries of oil believed to exist in the border waters of the two countries.

Nigeria: NNPC Diversifying Portfolio Beyond Oil Assets - Kyari

Wed, 13 Jan 2021 10:53:21 GMT

[Premium Times] Mr Kyari describes the corporation's 'biggest take away' from the COVID-19 pandemic as three-fold.

Nigeria: Lawan Guarantees Passage of Petroleum Industry Bill

Wed, 13 Jan 2021 09:04:49 GMT

[This Day] President of the Senate, Dr Ahmad Lawan, yesterday committed the National Assembly to an expeditious passage of the long-delayed Petroleum Industry Bill (PIB).

Nigeria: Nigeria to Generate More Revenue With PIB - Lawan

Wed, 13 Jan 2021 04:18:22 GMT

[Vanguard] President of the Senate Ahmad Lawan says Nigeria will generate more revenue with the passage of the Petroleum Industry Bill (PIB).

Nigeria: Analyst Advocates Scrapping of NDDC, Discretionary Allocation of Oil Blocks

Tue, 12 Jan 2021 12:57:55 GMT

[This Day] On the heels of the proposed establishment of Petroleum Host Community Fund in the Petroleum Industry Bill (PIB) currently at the National Assembly, the Partner, Tax, Regulatory and People's Services, KPMG, Mr. Wale Ajayi, has called for the scrapping of the Niger Delta Development Commission (NDDC).

Nigeria: 'Insecurity of Oil Assets May Hinder Nigeria's Market Share'

Tue, 12 Jan 2021 04:01:53 GMT

[This Day] With the easing of production cut by the Organisation of Petroleum Exporting Countries and allies (OPEC+), experts have warned that insecurity in the oil-bearing Niger Delta might hinder Nigeria's market share in 2021.

Nigeria: Govt Lacks Clear Policy On Downstream Deregulation, Says Ex-SPE Chair

Tue, 12 Jan 2021 03:59:34 GMT

[Vanguard] FOLLOWING fears that Nigeria may have returned to the era of petrol subsidy payment, the Federal Government has been accused of lacking policy clarity in the deregulation of the downstream sector of the petroleum industry.