Posts

Central Africa: Rwanda Discovers 13 Oil Wells in Lake Kivu, Further Exploration Needed/in /by
[Independent (Kampala)] Kigali -- The Rwanda Mines, Petroleum, and Gas Board (RMB) has announced the discovery of 13 oil wells in Lake Kivu, marking a significant step in the country's pursuit of energy resources. The revelation was shared by RMB's CEO, Francis Kamanzi, during a meeting with the Parliamentary Committee on Governance, Gender Equality, and the Ministry of Environment on January 15, 2025.
Central Africa: Rwanda Seeks Investors for Further Oil Exploration/in /by
[New Times] Rwanda seeks investors to take part in further oil exploration in Lake Kivu. A 2021-2022 2D seismic survey revealed that the lake has potential for hydrocarbon resources, the Rwanda Mines, Petroleum and Gas Board (RMB) announced on January 15.
Nigeria: We’re the Only Company That Publishes 100 Percent Account Statement – NNPCL to Nass/in /by
[Vanguard] Abuja -- The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited ( NNPCL), Mele Kyari has disclosed that the firm remains the only company in Nigeria that publishes 100% of its account on a yearly basis.
Nigeria: Panic As Tanker Explodes On Epe-Ijebu Ode Expressway/in /by
[Vanguard] A fuel tanker explosion near the Old Toll Gate in Mojoda Community, Epe Local Government Area, Lagos State, has caused widespread disruption on the Epe-Ijebu Ode Expressway.
East Africa: Rwanda Announces Potential Oil Deposits in Lake Kivu/in /by
[Capital FM] Nairobi -- Rwanda now says that its oil and gas exploration in Lake Kivu has shown a promising potential for hydrocarbon resources in the area.
Ethiopia: Addis Abeba Trade Bureau Targets Fuel Stations Causing ‘Unnecessary Queues,’ Warns of Legal Action for Noncompliance/in /by
[Addis Standard] Addis Abeba -- The Addis Abeba Trade Bureau has issued a warning that it will take action against fuel stations responsible for creating unnecessary queues, following the recently approved proclamation by the parliament with the aim of regulating the petroleum products trade system.
Nigeria: Closing 2024 At 160.01 Percent, Oil & Gas Leads Others As Best Performing Stocks On Nigerian Exchange/in /by
[This Day] As the Nigerian stock market closed the 2024 financial year with a gain of 37.65 per cent on investors' return, the stocks of the oil and gas sector emerged as the best-performing index on the Exchange, an analysis of the market performance for the year under review has revealed.
Nigeria: Opec Quota Eludes Nigeria Amid Rising Oil Output/in /by
[Vanguard] Nigeria's daily average oil production rose by 7.38 percent year-on-year in December 2024 to 1.667 million barrels per day, bpd from 1.552 million bpd, including condensate, recorded over the corresponding period in 2023.
Nigeria: Why Freezing Order Against My Accounts Is Abuse of Court Process – Nduka Obaigbena/in /by
[Premium Times] First Bank had obtained a court order restraining banks in Nigeria from dealing in all monies and assets due to Mr Obaigbena.
Nigeria: Court Blocks Nduka Obaigbena’s Accounts Over $225.8 Million First Bank Debt/in /by
[Premium Times] The court forbids all banks from dealing in all monies and assets belonging to Mr Obaigbena and General Hydrocarbons Limited.