Posts

Nigeria: Rumour of Fuel Price Hike Unsettles Motorists, Commuters/in /by
[Leadership] Motorists in Lagos and Ogun states are going through hard times to buy petrol as many stations yesterday shut down operations, heightening speculation of possible hike in pump price.
Nigeria: Nigeria Targets New Oil Production Level As Goldman Sachs Predicts $100/Barrel/in /by
[Leadership] Goldman Sachs has predicted oil price going up to $100 again, citing lower production output from the Organisation of Petroleum Exporting Countries(OPEC) combined with higher demand, which taken together, "more than offset significantly higher U.S. supply."
East Africa: Why Ugandans, East Africans Celebrate the East African Crude Oil Pipeline/in /by
[Independent (Kampala)] Comment -- The EACOP will generate considerable economic benefits for Uganda. The project is estimated to attract billions of dollars in foreign direct investment, leading to increased economic growth and diversification. The pipeline will create thousands of direct and indirect jobs, providing employment opportunities for local communities and boosting income levels. This inflow of investment and job creation will stimulate various sectors of the economy, including manufacturing, services, and infrastructure
Nigeria: Nigeria’s Oil Output Lags Behind 2023 Budget Target By 15%/in /by
[Vanguard] Nigeria's oil production in the first eight months of the year has fallen short of the 2023 budget benchmark by over 20 million barrels, or 15 per cent, the latest figures from the Nigerian Upstream Regulatory Commission, NUPRC, have indicated.
Nigeria: Release Details of Petrol Landing Cost, Pricing Template, Atiku’s Aide Tells Federal Govt/in /by
[Leadership] Phrank Shaibu, the Special Assistant on Public Communication to former Vice President Atiku Abubakar, has dared the All Progressives Congress(APC)-led Federal Government to publish the landing cost of petrol as well as the pricing template being used by the government to keep the cost of petrol at less than N640 per litre.
Nigeria: Tinubu’s Subsidy Removal Claim a Propaganda Stunt Gone Wrong – Atiku’s Aide/in /by
[Vanguard] ...dares FG to release landing cost details, pricing template
Mozambique: – Exxonmobil Remains Committed to Investing in Cabo Delgado/in /by
[AIM] Maput -- The US oil and gas giant ExxonMobil remains committed to investing in the natural gas fields in the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado.
Nigeria: NEITI Report – SERAP Demands Probe of $15bn, N200bn Missing Oil Revenues/in /by
[Leadership] Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to set up a presidential panel of enquiry to probe the allegations contained in the recent reports of Nigeria Extractive Industries Transparency Initiative (NEITI) that over US$15 billion and another N200 billion are missing and unaccounted for between 2020 and 2021.
Namibia: Geingob Advised to Reject Award From Cameroonian Oil Lawyer/in /by
[Namibian] The Institute of Public Policy and Research (IPPR) has raised concerns over a plan by the African Energy Chamber (AEC), led by Cameroon's controversial businessman NJ Ayuk, to present president Hage Geingob with an award in South Africa next month.
Nigeria: UNGA 78 – NNPCL Signs Up to United Nations Global Compact/in /by
[Premium Times] The NNPCL says the signing places it as the first state-owned oil company to join the global initiative.