Entries by AllAfrica News: Petroleum

Nigeria: NNPC Releases 2024 Audited Financial Statement, Declares N5.4 Trillion Profit, N45.1tn Revenue /in /by

[This Day] The Nigerian National Petroleum Company Limited (NNPC Ltd.) yesterday released its audited financial statement for the full year ended 2024, reporting a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion.

Nigeria: How Oil Spills Devastated Niger Delta Community’s Waters /in /by

[Premium Times] Since the late 1980s, repeated oil spills have devastated Ogale's natural environment, eroding its once-rich biodiversity and natural capital.

Liberia: Why the Senate Must Reject the Production Sharing Contracts Between the Governrnent of Liberia and Oranto Petroleurn /in /by

[Liberian Investigator] If you followed yesterday's hearing on the Oranto Petroleum and TotalEnergies Production Sharing Agreements, you'd realize it raised more questions than answers for the Liberian Senate.

Liberia: Much-Touted Oil Deal Faces Hiccups in Legislature – Sen. Konneh Becomes Latest Voice Urging Senate to Snub Oranto Petroleum Contracts /in /by

[FrontPageAfrica] Monrovia -- The Government of Liberia's much-touted oil deal with Oranto Petroleum is facing escalating pushback at the Legislature, as more senators raise concerns over what they describe as weak fiscal terms, legal inconsistencies, ...

Nigeria: How NNPC Official Approved N3.4 Billion in Suspicious Payments Without Gmd’s Authorisation – Audit Report /in /by

[Premium Times] The auditor general said the anomalies could be attributed to weaknesses in the internal control system at the NNPC Ltd.

Nigeria: How NNPC Paid Over $51 Million in Questionable Circumstances to Contractors – Auditor-General /in /by

[Premium Times] The 808-page report details systemic violations of financial regulations, weak internal controls, and unexplained payments made under controversial contracts.

Kenya: High-Rise Living in Nairobi’s Pipeline Estate Is Stressful – How Men and Women Cope /in /by

[The Conversation Africa] Within sight of Kenya's main international airport in Nairobi's east, Pipeline residential estate stands out like a sore thumb. Composed almost entirely of tightly packed high-rise tenement flats, the estate has been described...

Nigeria: TotalEnergies Eyes New Opportunities in 2025 Licensing Round /in /by

[Daily Trust] TotalEnergies has applauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for delivering a transparent 2024 mini-bid round and has signalled strong interest in the forthcoming 2025 Licensing Round scheduled to commence on ...

Nigeria: TotalEnergies Shows Interest in Nigeria’s 2025 Licensing Round, Lauds Regulator /in /by

[Leadership] TotalEnergies has expressed strong interest in participating in Nigeria's upcoming 2025 Upstream Licensing Round, scheduled to begin on December 1, 2025.

Nigeria: 15% Fuel Import Suspension in Nigerians’ Interest – Stakeholder /in /by

[Daily Trust] A policy and governance analyst, Rotimi Matthew has hailed the recent suspension of the 15 per cent import duty on premium motor spirit (PMS) otherwise known as Petrol as well as diesel, saying the President has chosen the people over wha...