July 20
Nigeria: Excess Crude Account Is Illegal - Auditor-General Warns
Premium Times
The Auditor-General of the Federation, Anthony Ayine, has advised the Nigerian government to legalise its continuous maintenance of the Excess Crude Account, ECA. Read more »
Nigeria: Harnessing Local Content to Grow Nigeria's Oil, Gas Industry
Leadership
The new frontier for oil and gas multinationals operating in Nigeria today is the deep offshore base. This new trend comes with its challenges and opportunities. The question that… Read more »
Nigeria: Appear Next Week or Face Arrest, Senate Tells NNPC, IOCs
Vanguard
The Senate yesterday asked the Nigeria National Petroleum Company, NNPC, as well as oil and gas companies involved in the execution of the Obite-Ubeta-Rumuji (OUR) and North Option… Read more »
Nigeria: Nigeria, Others to Spend $105b On Oil, Gas Decommissioning
Guardian
Nigeria and other oil producing countries across the world will expend about $105b on decommissioning in the next 10 years. Read more »
July 19
Nigeria: Niger Delta Leaders Reject PIGB, Insist On PIB
Guardian
Stakeholders in Niger Delta have cautioned President Muhammadu Buhari against signing the Petroleum Industry Governance Bill (PIGB), alleging that it seeks to privatise the… Read more »
Nigeria: Senate Approves Subsidy Payment to 74 Oil Marketers
Premium Times
The Senate has approved the payment of N348 billion as outstanding subsidy claims to 74 petroleum marketers. Read more »
Nigeria: 'PIB Will Ensure Transparency, Growth in Oil Sector'
Guardian
The Chairman, Strides Group, owners of Strides Energy & Maritime Ltd., an Offshore /Swamp Oil and Gas construction services company, Mr. Moritz Abazie has called on the… Read more »
Nigeria: Pipeline Attacks, Insecurity Increase Energy Coys Shutdown Days to 160 Days
Vanguard
Constant pipeline breakages, uncertainties in security of assets amongst other issues in the Niger Delta oil fields have increased oil and gas companies' average shut down days… Read more »
Nigeria: Senate Begins Probe of Lease Renewal in Oil, Gas Sector
Guardian
The Senate yesterday resolved to probe all issues connected with the ongoing lease renewal in oil and gas sector being undertaken by the Ministry of Petroleum Resources and the… Read more »
July 18
Nigeria: Senate Summons Petroleum Minister Over 'Irregularities' in Agencies
Guardian
The Nigerian Senate Wednesday summoned the Minister of State Petroleum Resources, Ibe Kachikwu over irregularities in the management of oil and gas agencies. Read more »
Zimbabwe: Foreign Currency Illegal Market Fuels Price Hikes
The Herald
The Confederation of Zimbabwe Retailers has blamed the growth of the black market for foreign currency for fuelling the current wave of increases in prices of basic commodities. Read more »
Angola: Minister Wants Mapping of Critical Areas of Fuel Supply
ANGOP
The Oil Derivatives Regulatory Institute (IRDP) is expected to work on mapping the most critical areas of the country lacking fuel stations, aiming at its coverage, as soon as… Read more »
South Africa: Nine Drivers Arrested At KZN Protest Over Fuel Price Increase
News24Wire
Nine drivers have been arrested following a fuel price hike protest on the N3 highway in Pietermaritzburg, towards Durban, on Wednesday morning. Read more »
Nigeria: PPMC Gets N184.02 Billion From Sale of Petroleum Products in March
Guardian
Sale of petroleum products by the Pipeline and Products Marketing Company (PPMC) decreased from the N198.94 billion realised in the month of February to N184.02 billion in May,… Read more »
Nigeria: Worry As PIGB Fails to Address Critical Governance Issues in Petroleum Industry
Guardian
Even with the passage of the Petroleum Industry Governance Bill by the National Assembly, is still being faced with unaddressed issues, which originally should have been dealt with… Read more »
Kenya: Greasing the Wheels of Kenya's Nascent Oil and Gas Sector [press release]
UNEP
For anyone interested in unravelling the intricacies of mankind's evolution, Kenya's remote northern Turkana County remains a researcher's paradise. For several decades, the region… Read more »
Nigeria: Oil Companies Shut Down Fields for 180 Days Annually
This Day
A former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB), Mr. Osten Olorunsola has… Read more »
Nigeria: Nigeria Earns N37.465 Trn From Oil in 6 Years
Vanguard
There are indications that the Federal Government's oil revenue dropped by more than 297.6 per cent between the second quarter of 2010 and fourth quarter of 2017, as a result of… Read more »
Uganda: Govt Addressing Skills Gap in Oil and Gas Sector, Says Ms Museveni
Monitor
With commercial production of oil expected to begin soon, government focus, according to First Lady and minister of Education Ms Janet Museveni, is now geared towards skilling the… Read more »
Uganda: Increased Engagement With the World Will Fuel Growth in Uganda [opinion]
Monitor
In recent years, investment in public infrastructure, and related momentum in the country's manufacturing and services sectors, has become Uganda's primary catalyst of current and… Read more »
Nigeria: AFC Grants Waltersmith $35m Facility for Refinery Project
This Day
The Africa Finance Corporation, (AFC) has signed a $35 million debt facility agreement with Waltersmith Refining and Petrochemical Company Limited, for a proposed 5,000 barrel per… Read more »
Tanzania: Orca Exploration Updates Swala Transaction
Daily News
ORCA Exploration Group has indefinitely extended the timing for the closing sale of its subsidiary to Swala Oil and Gas (Tanzania). Read more »
July 17
Nigeria: Resuming Oil Exploration Without Ogoni Cleanup Unacceptable - Group
Daily Trust
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has berated the federal government's plan to resume oil exploration in Ogoniland even when the cleanup of… Read more »
Malawi: Malawi Fuel Prices Up, Threaten Consumer Spending
Nyasa Times
It's a hellish time for motorists as they have been besieged by fuel price rises and Malawians should brace for more hard times. Read more »
Nigeria: Crude Oil Price Drops to $73 Amid Tight Supply, Outages
This Day
Barely a few days after crude oil price surged towards $80 per barrel, following the shut down of one oilfield in Norway and Libya reduced production by more than a half, the price… Read more »
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