Entries by AllAfrica News: Petroleum

Senegal: Senegal Chose Standards. Liberia Chose Oranto /in /by

[Liberian Investigator] When Senegal revoked Oranto Petroleum's offshore license after years of inertia and unmet financial guarantees, it was not merely canceling a contract. Dakar was making a statement: petroleum rights are earned through performanc...

Nigeria: After Failed Chappal Deal, TotalEnergies to Sell 10 Percent of Nigerian Stake to New Buyer /in /by

[This Day] Abuja and Peter Uzoho in Lagos -- French major, TotalEnergies, yesterday announced that it had signed a Sale and Purchase Agreement (SPA) to sell its 10 per cent non-operated stake in the Nigerian onshore oil asset formerly owned by SPDC, no...

Nigeria: Nuprc Unveils Ambitious Reforms to Boost Nigeria’s Oil Output /in /by

[Premium Times] Mrs Eyesan said her vision for the upstream sector rests on three pillars-production optimisation and revenue expansion; regulatory predictability and speed; and safe, governed and sustainable operations.

Nigeria: Urhobo Nation Warns Federal Govt, IOCs Over ‘Deliberate Exclusion’ /in /by

[Leadership] The Urhobo Ethnic Nationality in the Niger Delta has warned the federal government and oil companies that it would no longer accept "deliberate, systematic and oppressive exclusion" of its people from the management and administration of N...

Nigeria: Why Regulatory Synergy Is Key to Growth and Investor Confidence in Nigeria’s Petroleum Sector /in /by

[Premium Times] The Nigerian oil and gas industry has frequently been in the news for various reasons. Decades before the Petroleum Industry Act (PIA) was enacted in August 2021, the country's oil and gas exploration sector faced significant challenges...

Nigeria: Upstream Regulator Opens 90-Day Fast-Track Window for Oil Wells, Field Plans’ Approval /in /by

[Leadership] The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opened a 90-day fast-track window for approving oil wells, Field Development Plans (FDPs), rig mobilisations, and other quick-win opportunities, to meet the two million barr...

Ghana: Gold for Oil Programme Faces Gh¢2.2bn Audit /in /by

[Ghanaian Times] The Bank of Ghana has ordered an external audit into the implementation of the Gold for Oil programme covering the period between 2022 and 2024, Governor of the Bank of Ghana, Dr Johnson Asiama, has announced.

Kenya: Fuel Prices Ease As Decline in Landed Costs Pushes Petrol Down /in /by

[Capital FM] Motorists have received modest relief at the pump after the Energy and Petroleum Regulatory Authority (EPRA) cut the price of petrol by Sh2 per litre driven by a decline in the landed cost of imported fuel.

Kenya: Govt Defends South Lokichar Oil Plan As Parliament Faces Tight Review Deadline /in /by

[Capital FM] Nairobi -- The Government has defended its decision to approve the South Lokichar Field Development Plan (FDP), arguing that the project is legally sound, economically viable and critical to unlocking Kenya's upstream petroleum potential.