June 05
Nigeria: Govt Finally Admits Paying Fuel Subsidy
Daily Trust
Fuel subsidy is projected to gulp about N5.4 trillion in 2024, according to the federal government. Read more »
Nigeria: Petroleum Training Institute Matriculates 1,793 Students
This Day
The Petroleum Training Institute (PTI), Effurun, Delta State has matriculated 1,793 students for its 2023/2024 academic session. Read more »
Nigeria: FG Targets N6.6trn Petrol Import Savings Yearly From Cng Usage
Daily Trust
The Presidential Compressed Natural Gas Initiative (PCNGi) has revealed that it expects to convert about one million vehicles to CNG which would save about $4.4 billion (N6.6… Read more »
June 04
Nigeria: What Is Nigeria Doing to Stop Chronic Oil Theft?
DW
Nigeria relies on crude oil for more than two-thirds of its earnings and about 90% of foreign exchange income, but massive theft in the country's oil-rich heartland is draining… Read more »
South Africa: Shell SA Ponders Next Move After Dismissal of Oil Exploration Appeal
Namibian
Shell South Africa is considering its next moves regarding continued investment in offshore exploration for oil after the Supreme Court of Appeal (SCA) yesterday dismissed its… Read more »
Nigeria: Nigeria Can Meet Local Refining Demands By Unlocking Idle Brownfields - Company CEO
Vanguard
Nigeria's potentials to significantly increase its oil production and meet local refining demands by tapping into its idle brownfields has been espoused by Victor Ekpeyong, Chief… Read more »
Nigeria: Nedogas 300 Mmscfd Kwale Gas Facility Ready for Commissioning 6 June [press release]
Premium Times
The formal commissioning ceremony of the facility will be performed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo on 6 June, 2024. Read more »
South Africa: All Grades of Fuel Decrease for June
SAnews.gov.za
Consumers are expected to feel some relief this month as the price of all grades of fuel are expected to fall. Read more »
Nigeria: Tinubu's First Year - Fuel Subsidy Removal, a Costly Blunder - Chigbo
Vanguard
In a scathing critique of President Bola Ahmed Tinubu's first year in office, Nwafor Chigbo, convener of the Good Friends Network for Peter Obi, has described the removal of fuel… Read more »
Nigeria: OPEC Extends Oil Production Cut
Premium Times
OPEC disclosed this at its 37th OPEC and non-OPEC ministerial meeting. Read more »
Nigeria: Championing Call for Environmental Protection, Sustainability in the Niger Delta
This Day
Following Shell Nigeria's decision to cease its onshore oil and gas operations in the country, the Corporate Accountability and Public Participation Africa (CAPPA) and the Health… Read more »
Africa: Fuel Importers Discouraging Govts From Building Refineries in Africa - Dangote
Daily Trust
Africa's richest man and owner of the $20 billion Dangote Refinery, Aliko Dangote, has stated that individuals who benefit from fuel importation are deterring African governments… Read more »
Mozambique: Kogas Committed to Investing in Mozambican Gas
AIM
The Chairperson of the Board of Directors of the Korean oil company Kogas, Yeon-Hye Choi, has expressed her commitment to continue investing in the billion-dollar natural gas… Read more »
June 03
South Africa: Environmental Activists Win Against Shell in Appeal Court
GroundUp
Shell still has one more shot at seismic exploration authorisation Read more »
South Africa: Supreme Court of Appeal Dismisses Shell's Appeal but Extends Shell a Lifeline [press release]
Greenpeace
The Supreme Court of Appeal today dismissed an appeal by Shell, Impact Africa and the Department of Mineral Resources and Energy of the Makhanda High Court judgment which set aside… Read more »
South Africa: Shell's Wild Coast Exploration Appeal Dismissed, but Rights Renewal Still Feasible [analysis]
Daily Maverick
Organisations opposing Shell's oil and gas exploration off the Wild Coast were partly disappointed by a Supreme Court of Appeal ruling on Monday. It upheld the urgent interdict… Read more »
Nigeria: Nigeria Reaffirms Commitment As Opec Extends Oil Output Cuts Into 2025
This Day
The Organisation of Petroleum Exporting Countries (OPEC) and its allies yesterday agreed to extend most of its deep oil output cuts into 2025, exceeding market expectations. Read more »
Nigeria: Lokpobiri - FG Will Continue to Rely On Pti for Manpower Devt in Oil Sector
This Day
*Institute matriculates 1,793 students Read more »
Nigeria: Oil Prices Slump As Opec+ Plans to Start Unwinding Cuts
Daily Trust
Oil prices slid Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year, with softer-than-expected US manufacturing… Read more »
June 02
Nigeria: Tinubu Inaugurates Three Ships, Two Helicopters to Boost Navy's Fight Against Oil Theft
This Day
President Bola Tinubu has inaugurates three ships and two helicopters at the Naval Dockyard, Victoria Island, Lagos, to boost the fight against crude oil theft and other insecurity… Read more »
May 24
Sierra Leone: Aminata Petroleum Ships in 5000 Metric Tons of Gasoline to Address Fuel Crisis
Concord
In a decisive move, Aminata Petroleum has airlifted 5,000 metric tons of gasoline to Sierra Leone, aiming to tackle the pressing fuel crisis in the nation. Read more »