January 16, 2025
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Oil & Gas

FENRAD urges President Buhari to publish NDDC Forensic Audit Report

We’ll utilise petroleum revenue to develop Nigeria’s non-oil sector — President Buhari

Leave a Comment / The Nation, Business, Oil & Gas /

We’ll utilize petroleum revenue to develop Nigeria’s non-oil sector — President Buhari     President Muhammadu Buhari, has promised to utilize the oil and gas revenue for diversification of Nigeria’s economy.   The President, who spoke at the virtual inauguration of the National Oil and Gas Excellence Centre at the Department of Petroleum Resources headquarters, Lagos, […]

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BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory

Oil Market: Prices rise to $56.31 on US President  inauguration

Leave a Comment / INTERNATIONAL, Oil & Gas /

Oil Market: Prices rise to $56.31 on US President  inauguration   THE prices of many crudes have risen in excess of $56.31 in the global market because of the expectation that the United States, President-elect Joe Biden, would ‘act big’ in fighting the Coronavirus pandemic. The COVID-19 has culminated in the reduction of economic and other

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Cooking gas consumption in Nigeria rises by 60.5%  --- PPPRA

Cooking gas consumption in Nigeria rises by 60.5%  — PPPRA

Leave a Comment / Oil & Gas /

Cooking gas consumption in Nigeria rises by 60.5%  — PPPRA   The Petroleum Products Pricing Regulatory Agency, PPPRA, said over one million metric tonnes (mt) of Liquefied Petroleum Gas was consumed in 2020. In a statement obtained by The Daily, http://www.thedaily-ng.com, the Executive Secretary, Abdulkadir Saidu, disclosed that 840,594.37 MT of LPG was consumed in 2019, thus indicating an

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$1.1bn OML 17 investment to benefit FG, communities, Nigeria’s economy — TNOG

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$1.1bn OML 17 investment to benefit FG, communities, Nigeria’s economy — TNOG   THE $1.1 billion Oil Mining License, OML 17 deal undertaken by TNOG Oil and Gas Limited, a related company of Heirs Holdings and Transcorp would be beneficial to the Federal Government, communities and the entire nation’s economy. Chief Finance Officer, TNOG, Samuel

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Senegal, home of West African Gas Megaprojects, hosts major energy transition event

Leave a Comment / INTERNATIONAL, Oil & Gas /

It will showcase the region’s investment appeal as one of the most exciting energy hotspots in Africa, with major hydrocarbons discoveries and vast renewable potential MSGBC Oil, Gas and Power 2021, organized by Africa Oil & Power under the auspices of H.E. President Macky Sall, will be held on 26-27 October 2021, in Dakar; This

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ANGOLA: Total  begins production from Zinia phase 2, developing Block 17

Total issues hybrid bonds to finance development strategy

Leave a Comment / Oil & Gas, Total News /

Total issues hybrid bonds to finance development strategy   Total SE has successfully issued perpetual subordinated bonds in the amount of €3 billion for the funding of development strategy in the company.   According to the company, €1.5 billion at 1.625% coupon for the tranche with a 7 year first call date, while €1.5 billion at

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South Africa’s Energy Ministry Has His Priorities Right; It’s Time for the World to Respect Them

It’s time to rethink licensing rounds: For Africa’s oil- and gas-producing Countries, negotiating the current environment may require negotiation

Leave a Comment / INTERNATIONAL, Oil & Gas, Opinion /

While the details vary by country, the licensing round process has, in general, become too prone to delays and uncertainty By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org) In late 2019, as the African oil and gas industry was looking to the future with optimism, Offshore Engineer wrote that the continent was had reason

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