Entries by AllAfrica News: Petroleum

Malawi: Kayelekera Turns to Costly Diesel As Malawi’s Power Woes Delay Grid Connection /in /by

[Nyasa Times] Kayelekera Uranium Mine in Karonga, set to resume production under Lotus Resources Limited, will initially rely on expensive diesel-powered generators due to Malawi's persistent electricity supply challenges and delays in national grid co...

Nigeria: NUPRC Pledges Support As Exxonmobil Commits to $1.5bn Deepwater Investment /in /by

[This Day] Abuja -- ExxonMobil has affirmed its long-term commitment to Nigeria's oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development, putting to rest the company's rumoured planned exit from the...

West Africa: The Terrorist Threat Spills Beyond the Sahel – Benin Sounds the Alarm /in /by

[Daily Trust] The recent terrorist attacks in Benin have become a troubling signal: the threat of terrorism is no longer confined to the Sahel region. Jihadist groups are expanding their reach -- if previously they concentrated on Mali, Burkina Faso, a...

Nigeria: Gov Radda Hails Appointment of Bagiwa As NNPCL Commercial Director /in /by

[Premium Times] "Her elevation not only brings honour to Katsina State but also reinforces our long-standing tradition of producing exceptional leaders who contribute significantly to national development," Governor Radda stated.

Africa: OPEC Approves Hike in Oil Production Despite Weak Prices /in /by

[Daily Trust] The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase oil production for the second time in two months, adding 411,000 barrels per day to its production quota in June.

Nigeria: Shell Considering Acquisition of BP in Landmark Deal – Report /in /by

[This Day] Abuja -- Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News has reported, citing peopl...

Nigeria: Fuel Ban – Respite As More Petrol Stations Get Waivers in Ogun Border Area /in /by

[Daily Trust] The federal government has granted waivers to additional five petrol stations to resume the sale of fuel in some border communities of Ogun State after a prolonged restriction of petroleum products to the border areas.

Nigeria: Dangote Visits Tinubu, Hails President’s Key Changes in Oil Sector /in /by

[This Day] President of the Dangote Group, Aliko Dangote, at the weekend visited President Bola Tinubu in Abuja, lauding him for what he described as his recent 'revolutionary changes' in the oil and gas sector, geared towards saving the country.

Somalia: Preliminary Data Suggests Major Natural Gas Discovery Off Somalia’s Coast /in /by

[Radio Dalsan] Mogadishu -- Somalia's ambitious offshore oil and gas exploration project--its first formal effort in decades to unlock its untapped hydrocarbon potential--has reached a critical milestone.