Nigeria: Subsidy Removal – Govt Secures $800m From World Bank As Palliatives for Poor Nigerians/in /by
[Daily Trust] The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme as part of palliatives to cushion the negative effects of the plan to remove subsidy on the petroleum products by June 2023.
Africa: Africa Oil Corp to Reduce Emission in Nigeria/in /by
[Leadership] Africa Oil Corp has initiated key programmes that will result in gas flare reduction from its operating oil assets in Nigeria.
Nigeria: NNPC Offers 9 Percent Funding to Shipowners for Vessel Acquisition/in /by
[Leadership] The Nigerian Maritime Administration and Safety Agency (NIMASA), has disclosed that the Nigerian National Petroleum Company Limited (NNPC), has expressed interest in taking part in the funding of vessels that would be acquired by Nigerian shipowners using the soon-to-be disbursed Cabotage Vessel Financing Fund (CVFF).
South Africa: Some Relief for Motorists in April as Fuel Prices Drop/in /by
[SAnews.gov.za] Consumers of diesel, paraffin and gas will breathe a little easier following price decreases in all fuels and slight changes in the prices of petrol.
Nigeria: NNPCL Denies Paying N20bn to ‘Ghost’ Consultants/in /by
[Premium Times] The NNPCL asked the online platform to retract the said publication.
Nigeria: NMDPRA Moves to Regularise About 1,000 Unlicensed Petroleum Retail Outlets/in /by
[This Day] In a review of its method of clamping down on illegal filling stations operating in Nigeria, which it put at about 1,000, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said it now intends to engage the operators of the facilities in discussions in order to get them properly registered and licensed.
Nigeria: Nigeria Under-Produces OPEC’s Crude Oil Quota By 30.6m Barrels in Two Months/in /by
[This Day] Abuja -- Nigeria, Africa's biggest crude producer, drilled 30.6 million less barrels of oil in January and February compared to the quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC) during the period, a THISDAY analysis has indicated.
Zimbabwe: Govt Blacklists 13 Contractors for Fuelling Black Market/in /by
[New Zimbabwe] Finance Minister, Mthuli Ncube has blocked 13 companies from supplying government with any services or products after investigations revealed they are passing the ZW$ they earn to the black market.
Nigeria: Nigeria’s Oil Production Was OPEC’s Biggest Increase in March – Reuters Survey/in /by
[This Day] Nigeria's crude oil production for March 2023 edged up to about 1.6 million barrels per day (mbpd), with the country recording the biggest Organisation of Petroleum Exporting Countries' (OPEC) biggest increase last month, a survey by Reuters has revealed.
Mozambique: Exxonmobil Consortium Wants to Update Onshore Gas Project/in /by
[AIM] Maputo -- The US oil and gas company ExxonMobil says that the consortium it heads, in Area Four of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado, wants to upgrade the project for a natural gas liquefaction plant.