Entries by AllAfrica News: Petroleum

Nigeria: NLC Threatens to Embark On Strike Without Notice If Govt Increases Fuel Price Again

[This Day] Abuja -- The Nigeria Labour Congress (NLC) has warned that its members will commence a nationwide strike without any formal notice if the Federal Government approves another increase in the pump price of petrol without conclusion of ongoing ...

Angola: Sonangol Launches Bonds Worth Over U.S.$89 Million

[ANGOP] Luanda -- The national oil company, Sonangol is launching today (Monday) the first issue of bonds, worth 75 billion kwanzas, through a public subscription offer.

Nigeria: Fresh Fuel Price Hike Looms As Landing Cost Rises By 37.4%

[Vanguard] There are strong indications that pump price of petrol is expected to record another round of increases, the third within 10 weeks as oil marketers hint that the landing cost of petrol has risen month-on-month, MoM, by 37.4 per cent to N632....

Nigeria: Nigeria’s Oil Output Slumps to 3-Month Low On Forcados Leak, Crude Theft

[This Day] There appears to be no relief for Nigeria's struggling oil and gas industry as the country's crude production shrank to a three-month low of 1.081 million barrels per day in July, on the back of persisting crude oil theft and a leak at the F...

Nigeria: Oil Theft – ‘Why FG Should Not Release Arrested Vessel’

[Daily Trust] President Bola Ahmed Tinubu led-federal government should not release an oil vessel arrested on suspicion of oil theft, a private pipeline security contractor early this month, Mayor Eshanakpe Israel, has said.

Nigeria: In Lokoja, Traders, Students Lament As Fuel Subsidy Removal Bites Harder

[Premium Times] The removal of subsidy on petrol has hit ordinary Nigerians harder than the government envisioned. Nigerians living in Lokoja, Kogi State recounts their experience.

Nigeria: NSCDC Destroys 100 Illegal Refineries, Steps Up Vigilance

[Leadership] As part of its mandate to protect critical national infrastructure, the Nigeria Security and Civil Defence Corps (NSCDC) said it has uncovered and destroyed over 100 illegal refineries within the last two years.

Nigeria: NSCDC Destroys 100 Illegal Refineries, Steps Up Vigilance

[Leadership] As part of its mandate to protect critical national infrastructure, the Nigeria Security and Civil Defence Corps (NSCDC) said it has uncovered and destroyed over 100 illegal refineries within the last two years.

Nigeria: Nigeria, Others’ Output Disruptions Drag OPEC+ Crude Production to 2-Year Low

[Leadership] Crude oil production by the Organization of Petroleum Exporting Countries (OPEC) and its allies have hit a two-year low on the back of the latest cut by the Kingdom of Saudi Arabia, a Platts survey by S&P Global Commodity Insights has...

Nigeria: NAF Destroys 3 Boats With Stolen Crude in Rivers

[Leadership] The Air Component of Operation Delta Safe (OPDS) weekend destroyed three boats loaded with stolen crude and another illegal refinery with reservoir and tanks in Rivers State.