Entries by AllAfrica News: Petroleum

Nigeria: NNPC, Heirs Energies Double Gas Output, Add Over 135 Mmscf/D to Domestic Supply /in /by

[This Day] The NNPC/Heirs Energies Joint Venture (JV) has announced a major breakthrough with the innovative, rigless recompletion of a key non-associated gas well in oil mining lease (OML) 17.

Liberia: Bad History, Weak Terms, Zero Trust–the Oranto Deal Must Die /in /by

[Liberian Investigator] Liberia once again faces a familiar crossroads, where the potential of petroleum wealth clashes with painful memories of exploitation, institutional weakness, and opaque decision-making.

Nigeria: Deal With Conoil Takes TotalEnergies’ Opl 257 Stake to 90 Percent /in /by

[This Day] French oil giant, TotalEnergies has signed agreements with its long-standing partner, Conoil Producing Limited to acquire a 50-per cent operated interest in the Oil Prospecting License (OPL) 257 while Conoil acquires the 40 per cent particip...

Nigeria: Energy& LLP Acquires Stake in Falcon Corp /in /by

[Leadership] Falcon Corporation Limited has announced that Energy& LLP, a subsidiary of EverCorp Industries, has acquired an equity stake in Falcon Corporation.

Nigeria: Energy Transition – Nigeria Will Not Abandon Its Oil, Gas – Official /in /by

[Premium Times] "The world is changing, but Nigeria is not abandoning oil and gas; we are repositioning them," he said.

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.