Entries by AllAfrica News: Petroleum

Ghana: DBG Pledges to Help Transform Oil Palm Industry… As It Launches 5th Anniversary Celebration

[Ghanaian Times] Development Bank Ghana (DBG) yesterday launched activities to mark its fifth anniversary with the pledge to help transform Ghana's oil palm industry from smallholder farms into processing giants.

Nigeria: Despite Output Rise, Nigeria Underproduces Crude Oil By 35.3m Barrels in 5 Months

[This Day] Abuja -- Nigeria produced about 35.3 million barrels less crude oil and condensate than projected in its 2026 budget between January and May, highlighting the gap between the government's fiscal assumptions and actual oil sector performance ...

West Africa: Nigeria’s Oil Industry – More Companies, Fewer Barrels

[This Day] Nigeria has been celebrating a remarkable transformation in its oil and gas company register with the number of upstream operators rising from less than 10 in 2010 to 117 today, while local content jumped from less than 5 per cent to the cur...

Nigeria: Navy Uncovers Hidden Storage Site, Recovers 17,000 Litres of Crude Oil

[Premium Times] According to the naval spokesperson, the discovery highlights the increasingly sophisticated concealment methods criminals are adopting to sustain crude oil theft operations.

Nigeria: NCDMB Plans 2.5mw CNG Power Plant for Oil & Gas Park Ahead of Q4 Start

[Leadership] The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed that the Nigerian Oil and Gas Park Scheme (NOGaPS), in Ogbia Local Government Area of Bayelsa State, will become operational by the fourth quarter of 2026.

Nigeria: Oil Revenue – Low Production Undermines Benefits of High Crude Oil Prices

[Vanguard] Nigeria lost an estimated $839.22 million in oil revenue in the first four months of 2026 after failing to meet its 1.5 million barrels per day (mbpd) crude oil production quota set by the Organisation of Petroleum Exporting Countries (OPEC)...

Nigeria: SERAP Sues NNPCL Over ‘Failure to Account for ₦5.9bn Rebranding Cost’

[Vanguard] The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) "over its failure to account for approximately ₦5.9 billion reportedly spent on the incor...

Nigeria: Kemi Badenoch – Nigeria Is an Oil Producing Country but Never Had Electricity

[This Day] The leader of the United Kingdom's Conservative Party, Kemi Badenoch, has said Nigeria's status as an oil-producing country has not translated into reliable electricity for its citizens.

Nigeria: Serap Sues Nnpcl Over Alleged N5.8bn Rebranding Expenses

[Leadership] The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company Limited (NNPCL) to court for allegedly failing to account for about N5.8 billion spent on the incorporation, transition and re...

Kenya: Motorists Blast Epra Over ‘Insulting’ Sh0.22 Fuel Price Cut

[Capital FM] Nairobi -- The Motorists Association of Kenya (MAK) has criticised the latest fuel price review, accusing the Energy and Petroleum Regulatory Authority (EPRA) of allowing politics to influence fuel prices.