Entries by AllAfrica News: Petroleum

Nigeria: Marginal Field – NUPRC to Ease Funding Challenges for Awardees

[Premium Times] "It is to provide platforms for strategic partnership/alliance between the awardees and the service providers..."

Africa: BP’s Shift ‘Back to Petroleum’ Prods Consideration of a Climate Oil Price Cap

[IPS] Washington DC -- BP, the oil company that previously brought us "Beyond Petroleum" and more recently robust corporate climate goals, has announced a return in emphasis to its traditional business of producing oil. Drawn by the inescapable appeal ...

Nigeria: As Nigeria Struggles With Crude Theft, Saudi Aramco Posts Record $161bn Profits

[This Day] Abuja -- Saudi Aramco yesterday announced record profits of $161 billion from its 2022 operations as the largely state-owned oil company cashed in on a tumultuous year in energy markets that resulted in high oil prices.

Nigeria: 48 Days After, Buhari’s Committee Fails to End Petrol Scarcity

[Daily Trust] Forty-eight days after, a 14-man steering committee constituted to tackle petrol supply hurdles and regulate the price of the product, under the chairmanship of President Muhammadu Buhari, has failed to end the scarcity.

Nigeria: Shelf Drilling Secures $118m Offshore Nigeria

[Leadership] Oslo-listed jack-up drilling rig leasing firm, Shelf Drilling, has secured a two-year contract in Nigeria for its Shelf Drilling Scepter rig.

Uganda: Oil Pipeline – Affected Communities Accuse Judiciary of Shelving 10 Year Compensation Case

[Nile Post] Communities living in the areas affected by the oil exploration project including the pipeline have cried foul over the delay in having their case seeking compensation filed over 10 years ago.

Seychelles: Seychelles’ Tanker Fleet Makes History With $25 Million Profit in 2022

[Seychelles News Agency] For the first time in its operational history, the Seychelles' tanker fleet made a profit of $25 million for the year 2022, said a top official of the Seychelles Petroleum Company (SEYPEC) on Wednesday.

South Africa: World Naked Bike Ride 11 March 2023 in Cape Town

[World Naked Bike Ride] Cape Town's Twelfth World Naked Bike Ride will take place on Saturday 11 March. It is an annual event in over 74 cities around the world - in the Southern Hemisphere in March and in the Northern Hemisphere in June.