The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other relevant organizations in the oil sector agreed Thursday to end the lingering fuel scarcity across the country in 48 …
Oil & Gas
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BusinessEconomyMarketsNigeriaOil & GasUncategorized
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BusinessEconomyNigeriaOil & Gas
State Security Service gives NNPC and marketers 48 hours to resolve the ongoing fuel scarcity
The State Security Service has issued a 48-hour ultimatum to the Nigerian National Petroleum Company Limited and fuel marketers to resolve the ongoing petroleum scarcity in the country. The secret police, …
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BusinessEconomyMoroccoOil & Gas
Israel’s NewMed Energy Sign Deal with morocco for Offshore Gas Exploration in Boujdour
Israel’s NewMed Energy has signed agreements with Morocco’s National Office of Hydrocarbons and Mines (ONHYM) and Adarco Energy for the exploration and production of offshore gas and oil in the …
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BusinessEconomyMoroccoNigeriaOil & Gas
ONHYM Signs 5 New Deals to Boost Nigeria and Morocco Pipeline Implementation
Morocco’s National Office of Hydrocarbons and Mines (ONHYM) has signed five new Memorandums of Understanding (MoU) with several countries, which emphasized their unwavering support for the implementation of the Nigeria-Morocco …
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BusinessEconomyMoroccoNigeriaOil & Gas
NNPCL signs five memoranda of understanding with the national oil companies
The Nigerian National Petroleum Company Limited (NNPCL) has signed five memoranda of understanding with the national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline …
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Morocco’s filling stations experienced slight fuel price reductions on Thursday amid the ongoing inflation and energy crisis. The National Federation of Owners, Traders, and Managers of service stations in Morocco (FNPCGS) …
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BusinessEconomyMarketsNigeriaOil & Gas
Nigerian government and fuel marketers offer different reasons for the ongoing fuel scarcity
The Nigerian government and fuel marketers have offered varying explanations for the ongoing fuel scarcity that has affected states across the country for weeks without reprieve. While the NNPC said …
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BusinessEconomyNigeriaOil & Gas
Oil prices turned positive after rumour of a cut outweighed demand concerns over protests in China
Oil prices turned positive on Monday as rumours of an OPEC+ production cut offset concerns about slump in global demand. Earlier on Monday, oil prices fell to their lowest level …
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BusinessEconomyINVESTMENTMarketsMoroccoOil & Gas
NewMed Energy plans to invest in natural gas and renewable energy infrastructure in Morocco
Israel’s natural gas producer NewMed Energy, formerly known as Delek Drilling, plans to invest in the development of natural gas and renewable energy infrastructure in Morocco. “Morocco is the next …
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BusinessEconomyManufacturingMoroccoOil & Gas
Morocco Vows to Deliver Low-Cost Green Electricity to industries.
In a bid to offset soaring fossil fuel prices and meet decarbonization targets, Morocco has reiterated its vow to deliver low-cost green electricity to industries. “The government is working on …