Entries by AllAfrica News: Petroleum

Nigeria: Championing Call for Environmental Protection, Sustainability in the Niger Delta /in /by

[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 of Mother Earth Foundation (HOMEF) are urging the company to t...

Africa: Fuel Importers Discouraging Govts From Building Refineries in Africa – Dangote /in /by

[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 from constructing refineries on the continent.

Nigeria: Nigeria Reaffirms Commitment As Opec Extends Oil Output Cuts Into 2025 /in /by

[This Day] Abuja -- 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.

Nigeria: Tinubu Inaugurates Three Ships, Two Helicopters to Boost Navy’s Fight Against Oil Theft /in /by

[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 in the maritime domain.

Nigeria: Two Years After, $1.2bn ExxonMobil, Seplat Deal Takes Off /in /by

[Daily Trust] NNPCL has announced the signing of a settlement agreement involving ExxonMobil's divestment of its stake in MPNU to Seplat Energy.

Nigeria: NNPC, Exxonmobil Agree On $1.28bn Divestment As Deal Nears Completion /in /by

[This Day] Abuja -- Finally, the Nigerian National Petroleum Company Limited (NNPC) and ExxonMobil Thursday agreed on a settlement deal for the planned $1.28 billion assets' divestment deal by the oil major.

Nigeria: Indonesia Wants Revival of Suspended Oil, Gas MOU With Nigeria /in /by

[This Day] The Republic of Indonesia has expressed its desire to foster the existing collaboration with Nigeria on the development of the nation's oil and gas sector, urging the country to revive a Memorandum of Understanding (MoU) with Nigeria which w...

Nigeria: Shell, Partners Paid $142m to NDDC in 2023 for Devt of Oil-Producing Areas /in /by

[This Day] Shell Companies in Nigeria comprising the Shell Petroleum Development Company Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) paid a total of $142.5 million to the Niger Delta Development Commissi...

South Africa: Thrice-Thwarted BHP Throws in the Towel On Anglo Bid, Capping a Month of High Drama /in /by

[Daily Maverick] Thwarted thrice by Anglo American in what ended up as a $49bn all-share bid for the rival mining group, BHP said on Wednesday it would not make a revised firm offer after the target declined to extend the 'put up or shut up' deadline. ...

Africa: The AfDB At a Crossroads – to Keep Funding Fossil Fuels or Not? /in /by

[African Arguments] Next week, the African Development Bank should choose transparency, inclusivity, and a green future over continued support for oil and gas.