African oil and gas news: production, upstream investment, refining, licensing rounds and energy policy across producing countries.
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 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 …
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 …
Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government of Nigeria reversing its proposed acquisition of the entire share capital of Mobil Producing …
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. OPEC made this …
A-Z Petroleum Products Ltd, on Wednesday urged the House of Representatives to help in recovering N30 billion liabilities due to it from the Ministry of Finance, Budget and National Planning …
Crude prices have dropped by 22.5 percent since mid-June, setting the stage for reduced pressure on local pump prices. Oil prices have fallen to an average of $95 a barrel—level …
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