Entries by AllAfrica News: Petroleum

Nigeria: Resilience Amid Economic Transition – How Conoil Sustained Profitability in Nigeria’s Challenging 2025 Downstream Market /in /by

[This Day] The 2025 financial year will likely be remembered as one of the most transformative periods in Nigeria's downstream petroleum industry.

Nigeria: Oil Sector – Reps Threatens Sanctions Over Poor PIA Implementation /in /by

[Vanguard] Stakeholders in the Niger Delta have called for a close monitoring of accountability mechanisms in the operations of Host Community Development Trusts, HCDTs, in the implementation of the Petroleum Industry Act, PIA.

Nigeria: Local Petrol Production Hits 48m Ltrs Per Day – FG /in /by

[Vanguard] The federal government has disclosed that local production of petrol has moved from effectively zero in 2023 to about 48 million litres per day.

Sudan: CBOs – Petroleum Companies Meet in-Kind Guarantee Requirements, Qualify for Imports Under Approved Regulations /in /by

[SNA] Khartoum -- The Central Bank of Sudan (CBOS) announced that companies engaged in the importation of petroleum products have begun fulfilling the in-kind guarantee requirements stipulated in its circulars, as part of efforts to enhance the managem...

Nigeria: Oil Prices May Drop to $60/B By Q1, 2027 – Citi Bank /in /by

[Leadership] Global investment Bank and financial services, Citi has forecast that oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following...

Nigeria: Nlng’s Train 7 Delivers 70 New Talents to Oil & Gas Industry /in /by

[Leadership] Seventy young professionals have graduated from the NLNG Train 7 Project Human Capacity Development Basic Training Programme.

Malawi: Mera Cuts Fuel Prices As Malawi Moves to Ease Pump Costs /in /by

[Nyasa Times] Motorists and businesses across Malawi are set to benefit from lower fuel costs after the Malawi Energy Regulatory Authority (MERA) announced significant reductions in the retail prices of petrol, diesel, and kerosene, effective midnight ...

Nigeria: Further Drop in Domestic Fuel Prices Expected As Oil Slips Below $75 /in /by

[Leadership] Crude oil prices fell sharply on Thursday, with the WTI crude slipping below $75 per barrel for the first time since early March 2026, market participants said, after the United States and Iran reached an agreement to end a prolonged confl...

Nigeria: How Tantita’s Pipeline Surveillance Operations Entrenched Peace, Stability in Niger Delta /in /by

[This Day] Tantita Security Services Nigeria Ltd (TSSNL's) role in providing pipeline surveillance operations in the Niger Delta has significantly entrenched lasting peace and stability in the region. Findings showed that despite the escalating insecur...

Uganda: Six Killed As Fuel Tanker Crushes Taxi On Masaka-Mutukula Highway /in /by

[Nile Post] Six people have been killed following a fatal road crash involving a fuel tanker and a passenger taxi along the Masaka-Mutukula Highway in Kyotera District.