Entries by AllAfrica News: Petroleum

Nigeria: Tinubu’s First Year – Fuel Subsidy Removal, a Costly Blunder – Chigbo /in /by

[Vanguard] Abuja -- In a scathing critique of President Bola Ahmed Tinubu's first year in office, Nwafor Chigbo, convener of the Good Friends Network for Peter Obi, has described the removal of fuel subsidy as a 'costly blunder' that has worsened the l...

Nigeria: Oil Prices Slump As Opec+ Plans to Start Unwinding Cuts /in /by

[Daily Trust] Oil prices slid Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year, with softer-than-expected US manufacturing compounding fears of weakening global oil demand.

South Africa: Shell’s Wild Coast Exploration Appeal Dismissed, but Rights Renewal Still Feasible /in /by

[Daily Maverick] Organisations opposing Shell's oil and gas exploration off the Wild Coast were partly disappointed by a Supreme Court of Appeal ruling on Monday. It upheld the urgent interdict halting Shell's operations, but a potential opportunity to...

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.