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Uganda: Oil Pipeline Financial Closure Due Soon – Energy and Minerals Minister/in /by
[Observer] Ruth Nankabirwa, the minister of Energy and Mineral Development, used her second media briefing of the year to raise hope about the progress in Uganda's oil and gas industry, and allay fears over the delay in sourcing the much-needed debt for the construction of a crude oil pipeline, saying the country has entered a delicate period ahead of a major announcement from China in September.
Malawi: Fuel Price Debate – Parliamentary Committee On Natural Resources Wants ‘Reasonable’ Upward Adjustment/in /by
[Nyasa Times] Following a meeting that Parliamentary Committee on Natural Resources & Climate Change had with Malawi Energy Regulatory Authority (MERA) on Monday, August 26 to understand the issues surrounding the importation of fuel and fuel levy collection in the country, the Committee recommends that MERA should reasonably adjust upwards prices of fuel.
Malawi: DPP Says No Fuel Price Hike – ‘Raising Fuel Prices Will Hurt Already Burdened Malawians’/in /by
[Nyasa Times] Members of Parliament (MPs) under the main opposition Democratic Progressive Party (DPP) on Wednesday walked out of the National Assembly in protest to a proposal to raise prices of fuel.
South Africa: Some Relief in Store for Consumers As Fuel Price Set to Drop/in /by
[Daily Maverick] Koketso Mano, a senior economist at FNB, said softer oil prices alongside a stronger rand had contributed to the expected fuel price drop.
Nigeria: IPMC to Tackle Nigeria’s Oil Output Decline, Reduce Production Cost By 15 Percent/in /by
[This Day] The Independent Project Monitoring Company Limited (IPMC), has introduced an asset integrity management software called, 'VAIL-Plant Inspection Software' for the Nigerian oil and gas industry which it said, will help operators to boost the nation's oil production by keeping facilities in good condition.
Nigeria: The Return of Fuel Subsidy/in /by
[This Day] ReubenEN ABATI
Nigeria: NNPC Announces Commencement of LNG Supply to Japan, China/in /by
[This Day] Abuja -- The Nigerian National Petroleum Company Limited (NNPC) yesterday said it had commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis.
Nigeria: NNPC’s Record Profit – Beneath the Surface/in /by
[Leadership] Last week, the Nigerian National Petroleum Company (NNPC) released its financial statement for the fiscal year ending December 2023, revealing a record net profit of ₦3.297 trillion. This announcement, marking a significant increase of over ₦700 billion from the previous year, has generated considerable attention and celebration. NNPC spokesperson Olufemi Soneye highlighted the impressive nature of this profit, presenting it as a testament to the company's robust performance amidst ongoing challenges.
Uganda: Uganda Drills 72 Wells Ahead of Oil Production/in /by
[Independent (Kampala)] Kampala, Uganda -- Uganda's oil sector is advancing significantly with 72 out of 457 wells drilled at the Tilenga and Kingfisher oil projects as TotalEnergies and CNOOC Uganda Limited push towards commercial production slated for 2025.
Libya: Major Oil Spread Widens As Concerns Grow Over Libyan Supply/in /by
[Daba Finance]