Nigeria: NNPC, Exxonmobil Agree On $1.28bn Divestment As Deal Nears Completion/in /by
[This Day] Abuja -- Finally, the Nigerian National Petroleum Company Limited (NNPC) and ExxonMobil Thursday agreed on a settlement deal for the planned $1.28 billion assets' divestment deal by the oil major.
Nigeria: Indonesia Wants Revival of Suspended Oil, Gas MOU With Nigeria/in /by
[This Day] The Republic of Indonesia has expressed its desire to foster the existing collaboration with Nigeria on the development of the nation's oil and gas sector, urging the country to revive a Memorandum of Understanding (MoU) with Nigeria which was suspended in 2017.
Nigeria: Shell, Partners Paid $142m to NDDC in 2023 for Devt of Oil-Producing Areas/in /by
[This Day] Shell Companies in Nigeria comprising the Shell Petroleum Development Company Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) paid a total of $142.5 million to the Niger Delta Development Commission (NDDC) in 2023.
South Africa: Thrice-Thwarted BHP Throws in the Towel On Anglo Bid, Capping a Month of High Drama/in /by
[Daily Maverick] Thwarted thrice by Anglo American in what ended up as a $49bn all-share bid for the rival mining group, BHP said on Wednesday it would not make a revised firm offer after the target declined to extend the 'put up or shut up' deadline. BHP had added some dessert items to its offering without changing the price and structure on the menu.
Africa: The AfDB At a Crossroads – to Keep Funding Fossil Fuels or Not?/in /by
[African Arguments] Next week, the African Development Bank should choose transparency, inclusivity, and a green future over continued support for oil and gas.
Nigeria: Edo Refinery, Dufil Prima Foods to Deepen N205bn Manufacturing Investment/in /by
[This Day] In the wake of reforms by the Governor Godwin Obaseki-led administration, top manufacturers in Edo State, including Dufil Prima Foods, Edo Refinery and Don Mac Limited have secured pioneer status incentives to deepen their investment worth over N205bn in Edo State.
Nigeria: Dangote Refinery to Begin Export of 10ppm Diesel in June, Gets Nmdpra’s Approval to Refine Petrol/in /by
[This Day] Nigeria's 650,000 barrels per day Dangote refinery will start exporting diesel conforming to European specifications along with gasoline (petrol) sales in June, its Vice President for Oil and Gas, Devakumar Edwin, said at the weekend.
Nigeria: Nigeria’s Gas Master Plan Stalls, Global Market Share Fell From 15% to 2%/in /by
[This Day] Abuja -- Despite owning the world's 9th largest reserves of natural gas, with over 209 Trillion Cubic Feet (TCF), Nigeria's global market share of exports has declined from 15 per cent to just 2 per cent in recent years, a former Group Executive Director, Gas & Power, at the Nigerian National Petroleum Company Limited (NNPC), Dr David Ige, has disclosed.
South Africa: Massive Opposition Grows as South Africa and France Protest TotalEnergies Offshore Oil and Gas Projects/in /by
[The Green Connection] Paris, France and Johannesburg -- During the week of TotalEnergies' Annual General Meeting (AGM) (to be held today 24 May 2024) and Africa Day, protesters in both South Africa and France continue voicing their collective opposition to the multinationals' ongoing offshore oil and gas projects. The Green Connection (South Africa) and Bloom (France) - civil society organisations working with small-scale fishers and others to create widespread awareness of the harm caused by such projects - say these protests aim to reiterate the
Nigeria: NNPC, Schlumberger Sign Agreement to Boost Upstream Operations/in /by
[Premium Times] NNPC Ltd says the agreement with Schlumberger is part of strategic reforms aimed at unlocking opportunities in the nation's oil and gas industry.