Oil & Gas

Kenya has spent Sh71.17 billion to subsidize diesel, super and kerosene in the six months to June, highlighting the burden of the fuel stabilization scheme on the national budget. Consumption …

The National Bureau of Statistics (NBS) Nigeria, says on a year-on-year basis, the average retail price per litre of Household Kerosene (HHK) increased by 98.76 percent in July 2022. This …

South Africa expects Total Energies to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the …

Savannah Energy PLC, a leading African‑focused British independent energy company, has entered into a new gas sales agreement (“GSA”) with Notore Chemical Industries PLC. Accugas, a subsidiary of Savannah Energy will …

The State will pay oil marketers an estimated Sh24 billion in the largest monthly fuel subsidy to keep pump prices unchanged and ease public anger over the rising cost of …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …

ExxonMobil, one of the world’s oil majors has renewed two deep-water leases in Nigeria for 20 years, among the first permits granted under the country’s new oil and gas law. …

The Nigerian National Petroleum Company Limited (NNPC LTD) and its partners in Oil Mining Leases on Friday signed renewed Production Sharing Contracts agreements to produce 10 billion barrels of oil …

The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launch was held in Abuja on the …

The Bank of Ghana is forecasting a supply deficit for the cocoa market in the ongoing 2021/22 season with cocoa prices forecast to average about $2,450 in 2022, before increasing …