Posts

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.
Mozambique: Oil Companies Face Financial Problems in Importing Fuel/in /by
[AIM] Maputo -- Some oil companies in Mozambique have been unable to import fuel in recent months due to their lack of money, according to the National Director of Hydrocarbons and Fuels, Moisés Paulino, cited by Thursday's issue of the independent newssheet "Carta de Moçambique.'
Uganda: The Bitter-Sweet Sides of Uganda’s Oil and Gas Development/in /by
[IPS] Kampala, Buliisa, Kikuube -- French oil and gas giant TotalEnergies and China National Offshore Oil Corporation (CNOOC) are moving with pace in the development of oil and gas projects with a potential investment portfolio estimated at more than USD 15 billion. IPS looks at the project's human rights record for the compensation of affected communities.
South Africa: Committee On Mineral Resources and Energy Concludes Processing of Upstream Petroleum Development Bill/in /by
[Parliament of South Africa] The Portfolio Committee on Mineral Resources and Energy concluded clauses by clause on the Upstream Petroleum Resources Development Bill and adopted its report on the Bill yesterday. The committee is going to table its report on the Bill to the National Assembly for its consideration.
Nigeria: Pressure On Petrol, Diesel Prices As Crude Hits $97.17/in /by
[Vanguard] There are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by 19.3 per cent to N596.93 per litre as of yesterday, from about N500 per litre in July 2023, when the last pump price adjustment was effected across all retail outlets in Nigeria.
Nigeria: NNPC Ready to Supply Our Refinery With Crude Oil in Few Weeks – Dangote/in /by
[This Day] The President of the Dangote Group, Aliko Dangote, has risen in defense of the Nigerian National Petroleum Company Limited (NNPC) against the purported denial of crude oil supply to his 650,000 barrels per day (bpd) refinery by the national oil company.
Nigeria: Naira Weakens to 990/$1 On Parallel Market As Dollar Demand Overwhelms Supply/in /by
[This Day] The naira came under intense pressure yesterday, leading to a significant depreciation as it fell to N990 to a dollar at the parallel market segment of the foreign exchange market, compared to the N950 to a dollar it traded the previous day.