Entries by AllAfrica News: Petroleum

Nigeria: Dangote Refinery Commits to Energy Stability Amid Global Refineries Shutdown /in /by

[Vanguard] Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market.

Nigeria: What Resolution of 30-Year OPL 245 Dispute Means for Nigeria – Govt /in /by

[Daily Trust] The federal government has said the resolution of the long-running dispute over OPL 245 marks a significant turning point for Nigeria's economy, the oil and gas sector, and the country's reputation in the global investment community.

Nigeria: States Reject Removal of Power Subsidy, Others From Federation Account /in /by

[Daily Trust] States governments under the Federal Account Allocation Committee (FAAC) Postmortem Sub-Committee have expressed concern on the growing scale of deductions from federation revenues, including power-related subsidy obligations, debt write-...

South Africa: US Senate Chair – Russia ‘Violating Treaty’ in Antarctic Oil, Gas Hunt Via Cape Town /in /by

[Daily Maverick] A rare rebuke from the Foreign Relations Committee elevates years of quiet prospecting into a test of whether the US will enforce a ban it helped to write.

Liberia: Weak Monitoring and Enforcement Lead to Abuse of Systems – the Case With Hoarding in Liberia /in /by

[Liberian Investigator] The Government of Liberia must take decisive steps to ensure strong monitoring and strict enforcement of laws against the hoarding of petroleum products, particularly diesel fuel and gasoline. The ongoing developments surroundin...

South Africa: SA’s Petroleum Regulator Cannot Be Both Promoter and Referee /in /by

[Daily Maverick] The Petroleum Agency of South Africa's dual role as promoter and licensor of oil and gas entrenches a conflict of interest that sidelines communities, undermines constitutional rights and deepens the climate crisis.

Nigeria: Tinubu Announces ‘Historic’ Deal to End Decades-Long OPL 245 Controversy /in /by

[Premium Times] The presidency said the agreement paves the way for a development that could add approximately 150,000 barrels per day to the country's production capacity.

Nigeria: Dangote Refinery Explains N100 Petrol Price Increase Amid Crude Price Surge /in /by

[Premium Times] The Dangote Petroleum Refinery says the recent N100 increase in its petrol ex-depot price was driven by rising global crude oil prices and supply disruptions linked to geopolitical tensions in the Middle East.

Nigeria: Dangote Refinery Moves to Cushion Nigerians From Global Oil Market Shocks /in /by

[This Day] The Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians of its commitment to stabilising the domestic petroleum market following recent disruptions in the global oil industry triggered by tensions in the Middle East.

Nigeria: Tinubu Oversees Historic Resolution of 15 Year-Old OPL245 Dispute /in /by

[This Day] President Bola Tinubu on Thursday presided over the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL).