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Nigeria: Subsidy Removal Will Push Fuel Prices to N750 Per Litre – Marketers
[Premium Times] Government's strategy must be issue-based and not confrontational, an expert said.
Nigeria: Oil Exploration Begins in Nasarawa
[Premium Times] Mr Buhari said the new oil discovery aligned with the ongoing campaigns to explore crude oil and gas in the nation's Frontier Basins.
Nigeria: Deregulation – Brace for N750/Litre Petrol When Subsidy Is Removed, Stakeholders Tell Nigerians
[This Day] Abuja and Lagos -- As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as much as N750 per litre of petrol at filling stations. This was the highpoint of stakeholders' interventions during an online workshop, with the theme, "Deregulation of the Nigerian Downstream Sector: The Day After."
East Africa: Eacop – Strategic Project for Unlocking East Africa’s Potential
[Daily News] On February 21, Tanzania, through the Energy and Water Utilities Regulatory Authority (EWURA) granted Construction Approval for East African Crude Oil Pipeline Project (EACOP); the prestigious pipeline that will transport oil produced from Kabaale - Hoima in Uganda's Lake Albert oilfields to the Chongoleani peninsula near Tanga port in Tanzania, where the oil will then be sold onwards to world markets.
South Africa: Fuel Price Relief Likely in April as Rand Firms – South African News Briefs – March 24, 2023
[allAfrica] Cape Town -- Fuel Price Relief Likely in April as Rand Firms
East Africa: Kampala Readies to Host EAC Petroleum Conference, Exhibition
[Daily News] UGANDA Minister of Energy and Mineral Development, Dr Ruth Ssentamu has confirmed preparations were in the final stages as Uganda readies to host the 10th East African Petroleum Conference and Exhibition, 2023.
Mozambique: Exxonmobil Consortium Wants to Update Onshore Gas Project
[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.
Africa: IPCC Report Warning That Global Warming Will Exceed 1.5°C Limit Must Accelerate the Phasing Out of Fossil Fuels #AfricaClimateCrisis
[AI London] An Intergovernmental Panel on Climate Change (IPCC) report issued today, which warns that global warming this century is on course to exceed an agreed 1.5°C limit without drastic and immediate cuts in greenhouse gas emissions, must accelerate the phasing out of fossil fuels, Amnesty International said.
Nigeria: Diesel Price Up 168% to N836.91 As Petrol Rises 54%
[Vanguard] At the backdrop of the lingering scarcity of petroleum products, the retail price of diesel rose sharply Year-on-Year, YoY, by 168.26 per cent to N836.91 per liter in February 2023 from N311.98 per litre.
Nigeria: Renowned Oil Trader, Jean-Marc Cordier Joins NNPCL
[Leadership] The Nigerian National Petroleum Company Limited, (NNPCL) has announced the appointment of former Vice President of Abu Dhabi National Oil Company, ADNOC, Jean-Marc Cordier as Head of its oil trading arm, NNPC Trading Ltd.