Africa: Bad Days for Big Oil (Except in the GOP)

AfricaFocus

Editor's Note: "Fossil fuel companies are having a big reckoning with climate change this week. Shareholders for Exxon and Chevron voted for measures that could force them to… Read more »

Kenya: Petrol Price Increases Marginally in Latest Review

Nation

Motorists will have to pay slightly more for petrol after the Energy and Petroleum Regulatory Authority (Epra) increased the cost of the critical commodity by Sh0.77 per litre in… Read more »

South Africa: Public Comment On Unconventional Gas Regulations Extended

SAnews.gov.za

The Department of Water and Sanitation (DWS) has granted a 60-day extension for the public and sector key stakeholders to comment on the unconventional gas regulations, as… Read more »

Nigeria: U.S.$15bn Investments Lost Annually to Non-Passage of PIB - Report

This Day

A new report by Financial Derivatives Company Limited (FDC) has indicated that Nigeria's oil and gas industry loses as much as $15 billion in investments annually due to the… Read more »

Nigeria: New A.A Rano Station Offers Free Fuel to Kaduna Residents

Daily Trust

A.A. Rano Petroleum Company over the weekend opened a mega station at Danbushiya, Millennium city in Kaduna State. Read more »

Nigeria: NNPC Decries Rise in Smuggling of Petroleum Products

This Day

The Nigerian National Petroleum Corporation (NNPC) yesterday raised the alarm over the continuous rise in the smuggling of petroleum products, despite the establishment of the… Read more »

Sudan: Protesters Burn Tyres After Govt Lifts Fuel Subsidies

VOA

Sudanese protesters burned tires in part of the capital, Khartoum, Wednesday night, after the government lifted all subsidies on gasoline and diesel. Read more »

Nigeria: Huawei - How Technology Can Transform Nigeria's Oil, Gas Industry

This Day

Huawei Technologies Company Nigeria Limited has said that when fully utilised, technology can help in reducing headwinds and improve process optimisation in the country's oil and… Read more »

Nigeria: With Declining Sector Investments, NNPC Predicts U.S.$200 Oil Price

This Day

The Nigerian National Petroleum Corporation (NNPC) yesterday predicted that oil price could climb as high as $200 per barrel, as banks and major International Oil Companies (IOCs)… Read more »

Africa: G7 Leaders Should End Not Just Coal, but Also Oil and Gas Finance in 2021 [opinion]

Thomson Reuters Foundation

Ahead of summit, more than 100 economists call on G7 countries to commit to shift their finance out of all fossil fuels this year, to enable a green pandemic recovery Read more »

Kenya: High Fuel Prices, Taxes Top Kenyans' Concerns

Nation

Mr Dennis Mumo manoeuvres his pineapples-laden handcart through clogged traffic on Haile Selassie Avenue in Nairobi, calling out to potential clients to sample his fruits. Read more »

Nigeria: Kyari Calls for Transparency in IOCs' Operations

This Day

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday called on International Oil Companies (IOCs) operating in Nigeria to… Read more »

Nigeria: MOMAN Hopeful PIB Will Lead to Free Market for Industry Players

Leadership

The Major Oil Marketers Association of Nigeria (MOMAN) yesterday said it was optimistic that the passage of the Petroleum Industry Bill (PIB) would lead to free market for players… Read more »

Nigeria: Barkindo Gets Oil Industry Award

This Day

Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has received the International Petroleum Diplomacy Person of the Year 2020 Award… Read more »

Nigeria: NNPC Hails NGE President On Re-Election

This Day

The Nigerian National Petroleum Corporation (NNPC) has congratulated the President of the Nigerian Guild of Editors (NGE), Mr. Mustapha Isa, on his re-election as the head of the… Read more »

Namibia: Oil Driller Announces Petroleum System At Second Well

Namibian

RECONNAISSANCE Energy Africa (ReconAfrica) announced the finding of a working petroleum system at its second drill well (6-1), which it says again confirms a working petroleum… Read more »

Zimbabwe: Energy Regulator Reduces Diesel Price

The Herald

The maximum price of diesel has fallen from US$1,32 to US$1,30 in the short term while petrol remains at US$1,33. Read more »

Nigeria: OPEC Members Lost U.S.$1Trillion to Price Plunge in 2 Years - Barkindo

Leadership

The 14 member countries of the Organisation of Petroleum Exporting Countries (OPEC), including Nigeria, lost about $1 trillion to oil price plunge between 2015 and 2016. Read more »

Nigeria: There Is No Going Back On 40m Barrels Oil Reserve - Buhari

Vanguard

"We cannot turn our back yet on more exploration, discovery of new fields is crucial. And we also need to address short term opportunities using existing technology that can extend… Read more »

Africa: 'U.S.$15 Billion Needed to Upgrade Oil Refineries in Africa'

This Day

Oil refineries in Africa will require approximately $15.7 billion to upgrade the existing 36 facilities to produce petroleum products that will conform with the planned level of… Read more »

Nigeria: Buhari Seeks Lower Oil Production Costs, Targets 40bn Barrels Reserve

This Day

President Muhammadu Buhari yesterday called on the operators of Nigeria's oil and gas industry to search for more efficient ways of exploiting the commodity to reduce the cost of… Read more »

Nigeria: National Assembly Will Pass PIB Before End of June - Lawan

This Day

The President of the Senate, Dr. Ahmad Lawan, has stated that the National Assembly would pass the much-awaited Petroleum Industry Bill (PIB) before the end of this month (June). Read more »

Nigeria: PIB to Be Passed Before June Ends - Senate President

Vanguard

He said: "We want to be very fair in listening to everyone but one different approach that has been able to bring us where we are today in the PIB processing is that we decided… Read more »

Nigeria: Petrol Subsidy Delays Funding of N26.2bn NNPC Projects

This Day

The burden of under-recovery of petrol price currently being borne by the Nigerian National Petroleum Corporation (NNPC) may have begun to affect its operations as the national oil… Read more »

Nigeria: NEXIM Rolls Out N500bn for Non-Oil Export

Daily Trust

The Nigeria Import Export Bank (NEXIM) is implementing N500 billion Non-oil Export Stimulation Facility and N100 billion Export Development Fund at single digit interest rate to… Read more »