Malawi: Malawians Wake to Fuel Price Shock As Petrol, Diesel Jump Over 41 Percent Overnight/in /by
[Nyasa Times] Malawians woke up on Tuesday to a brutal cost-of-living shock after fuel prices were hiked by more than 41 percent, a drastic increase that is set to send prices of food, transport, and basic goods sharply higher in an economy already on its knees.
Liberia: Senegal Boots Out Oranto As Liberia Ratifies Deal/in /by
[Liberian Investigator] MONROVIA -- Senegal has kicked out Nigerian oil firm Oranto Petroleum from the Cayar Offshore Shallow (COS) block after years of inactivity and repeated failures to meet basic financial obligations, an extraordinary regulatory rebuke that is now colliding with a very different reality in Liberia, where lawmakers recently brushed aside fierce objections and ratified Oranto's new Production Sharing Contracts for four offshore blocks.
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 performance, not preserved by paperwork. Liberia, facing the same company and many of the same questions, chose the opposite path.
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, now renamed Renaissance.
Nigeria: NUPRC, Prospective Bidders Meet As Sale of 50 Oil Blocks Progresses/in /by
[This Day] ·Commission lowers signature bonus, entry fees
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 Nigeria's petroleum sector.
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 due to unclear rules, changing policies and low investor confidence. This was in spite of its key role in the country's economy. These issues reduced investment funds, delayed project execution and weakened its ability to compete in the rapidly changing global energy
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 barrels per day (mbpd) and three mbpd crude oil production targets for 2027 and 2030 respectively.
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.