Home Tags Petroleum

Tag: petroleum

Epic Petroleum Plans To Relieve Nigeria’s Fuel Scarcity Woes

Without seeking subsidy to import petroleum products, Epic Refinery and Petrochemicals Company Limited, a Nigerian oil company, has revealed plans to import refined fuel and sell at 75 naira ($0.48)...

Oil Firms Underpay Nigeria Billions

Nigeria Extractive Industry Transparency Initiative, NEITI, has disclosed that from its audit report between 2006 and 2008, the Nigerian National Petroleum Corporation, NNPC, received...

Shell to Invest $4 Billion in Two Oil and Gas Projects...

Royal Dutch Shell Plc, operator of Shell Petroleum Development Company (SPDC) of Nigeria, Thursday said it would invest about $4 billion with its joint...

Nigeria’s Petroleum Industry Bill To Outlaw Gas Flaring By December

AFRICANGLOBE - The newly-drafted Petroleum Industry Bill (PIB), if passed by Nigeria's National Assembly, will mandate oil companies operating in Nigeria to stop flaring gas by the end of this year or risk paying fines.

Nigerian Govt Declares Emergency Gas Supply Plan

Concerned by the recent shortfall and challenges in supply of gas to thermal power stations in the country which has subsequently led to significant...

Liberia Moves Cautiously on Oil Discoveries

News released at the end of February that Liberia was on the cusp of an unprecedented oil discovery garnered much more than just praise...

Nigerian President Accuses Shell of Polluting Niger Delta

President Goodluck Jonathan has expressed deep concern over environmental pollution in the Niger Delta owing to oil exploration and asked Shell Petroleum Development Company...

North and South Sudan Drag Reluctant China Into Dispute

Sudan and South Sudan are dragging a reluctant China into their smouldering relations at a time when both sides say the situation is on...

Africa’s Oil and Gas Outlook for 2012

If 2011 was a record year for elections in Africa, it was also the year frontier exploration for oil and gas came of age. Global crude oil prices have risen steadily since mid-2010, and with annual growth in Africa's oil production likely to be 4 percent over the next 5 years, the long-term triple digit oil price environment likely to stay, and proven oil reserves reaching 132.1 billion in 2010 (from and estimated 53.4 billion barrels in 1980), Africa has never been more attractive for the ambitious explorer.

The Merits of Nigeria's Petroleum Industry Bill

The Petroleum Industry Bill (PIB) combines 16 different Nigerian petroleum laws in a single transparent and coherent document. This is the first time that such a large-scale consolidation has happened anywhere in the world.

International Oil Companies, Contractors Responsible for Nigeria's Capital Flight

Nigeria's Minister of Petroleum Resources, has expressed concern that after many decades of oil exploration and production in Nigeria, contractors and multinational oil companies, that had done business worth billions of dollars in Nigeria, had not left appreciable footprint in the petroleum industry.

Oil Exploration Begins Off Liberia's Coast

Liberia's President Ellen Johnson Sirleaf visited facilities of the Anadarko Petroleum Corporation on Friday, August 12, marking the official launch of oil exploration off the coast of Liberia. The visit included a tour of the Anadarko oil rig, the Discovery Spirit.

Nigerian Govt Targets One Million BPD of Refined Oil

Nigeria's Federal Government says the nation's refining capacity would hit over one million barrels per day in the next three years.

Pengassan Wants President Jonathan to Stop Petroleum Import and Gas Flaring

AS President Good Jonathan was yesterday swore in for a four -year tenure, workers in the nation's Petroleum industry have called on the President to ensure among other things, an end to importation of petroleum products and gas flaring in Nigeria.

Rwanda Plans to Boost Petroleum Storage Capacity

The facility is expected to increase the country's storage capacity to 60 million up from the current 20 million litres.