Chad Pleads for Suspension of Oil-for-Cash Loan with Glencore
Chad has asked Glencore Plc to suspend payments on its oil-for-cash loan this year, but Bloomberg reported yesterday that the move could prove a precedent for private creditors worried about being dragged into a global debt-relief push for…
Gabon Welcomes Japan to the Bid for its 35 Marine Oil Blocks
Gabonese Minister of Oil Gas and Mines has expressed his wish to see Japanese companies show their interest in the 35 marine oil blocks in the form of call for tenders, of which an auction campaign was launched in November 2018.
The…
Ghana Commissions $57m Liquid Bulk Terminal at Takoradi Port
Ghana has taken delivery of the new liquid bulk terminal, a $56.7 million infrastructure, at the port of Takoradi, the country’s largest commercial port.
The facility, funded by Ibistek Ghana Limited, was inaugurated by Ghanaian Vice…
Libyan Potential Output, Others Nudge Global Oil Prices
Oil prices fell on Monday on the potential return of output from Libya as rising corona virus cases reportedly added to worries about global demand.
Hellenic Shipping News reported yesterday that this was as a tropical storm heading for…
Togo Commences Energy Transition of Lome Airport to Solar
…Calls for bids from contractors Togo, through the Lomé-Tokoin Airport Company, has called for tenders for the control and supervision of construction work for a solar power plant intended to supply energy to Lomé airport.
…
NOGTECH: 5 Winners Emerge, Get US$50,000 for Product Development
Five innovative teams were selected on Saturday as the winners of the Nigerian Oil and Gas Technology (NOGTECH) Hackathon sponsored by the Nigerian Content Development and Monitoring Board (NCDMB).
The teams are Fuel Intellisense,…
NNPC Shortlists 78 Companies for Pipelines Rehabilitation Bidding
Out of over 300 companies that applied for the rehabilitation of oil pipelines and deport infrastructure across the country, Nigerian National Petroleum Corporation, NNPC said that only 78 made the list to proceed to the bidding phase.
…
Rivers, Shell Inaugurate Cluster Development Board for Assa North Gas Project
The Rivers State government and energy company, the Shell Petroleum Development Company of Nigeria Limited (SPDC), in Port Harcourt on Thursday, inaugurated the Egi/Igburu Cluster Development Board (CDB) for pipeline communities to SPDC’s…
Saudi Energy Minister Presses OPEC+ on Fulfilling Oil Cuts
Saudi energy minister, Prince Abdulaziz bin Salman has warned OPEC+ compliance laggards, saying that failing to execute pledged production cuts was undermining the alliance’s efforts to rebalance the oil market.
“Repeated promises that…
Africa’s Natural Gas Projects Crucial for Global Energy Transition – LNG Expert
A gas expert, Leye Falade, a general manager at Nigeria LNG (NLNG) has said that production of Africa’s natural gas projects are crucial to the energy transition and economic development in the region.
Falade who spoke at ADIPEC Energy…
Oando to Project Nigerian Gas Potentials as AOW Focuses on Regional Energy Opportunities
Africa Oil Week (AOW) has listed Nigeria’s Oando Energy Resources as one of the organisations that will be projecting the country’s vast gas potentials and attractive opportunities open to investors as the AOW gathers regional and…
Rise in Cost of Domestic Gas Imminent as Nigeria Reviews Gas Agreements
All agreements being used in Nigeria’s gas market would be reviewed to be in tandem with present day market realities, the Gas Aggregation Company of Nigeria Limited has said.
The company said in a statement last weekend that the review…
IEA, OPEC Cite Caution About Global Oil Market, Post Covid19 Recovery
The Paris-based International Energy Agency (IEA) has slashed its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second downgrade in many months.
The agency trimmed its 2020 oil demand forecast citing caution…
PPPRA Gazettes Market-Based Petrol Pricing Regime
The policy empowering oil marketers to fix petrol price in accordance with a market based pricing regime for petrol has been gazetted by the Petroleum Products Pricing Regulatory Agency. Then gazette was issued in March 2020, Orient Energy…
NNPC’s Legal Team Wins Africa Arbitration Award
… Saves $5.4bn in Court Cases
The Nigerian National Petroleum Corporation (NNPC) said on Wednesday said that its legal team has saved about $5.4 billion in court cases through the victories it recorded in four court judgments…
Africa’s Natural Gas Projects are Crucial for Global Energy Transition, says NLNG’s Leye Falade
Africa’s natural gas projects are crucial to the energy transition and economic development in the region and can be used to power industrialisation while reducing the emissions released into the atmosphere, said Leye Falade, general…
Distribution of Oil Revenues Dominate Discussions to Restart Libyan Output
Talks to restart the bulk of Libya’s crude output and end the eight-month long blockade on the country’s oil exports are ongoing, with the issue of distribution of oil revenues still being ironed out.
Platts said in a report yesterday…
GenCos Sold N294.16bn Electricity to NBET in 5 Months
Nigerian electricity generation companies (GenCos) sold electricity worth N294.16 billion in the first five months of this year to the Nigeria Bulk Electricity Trading (NBET) Plc.
The NBET buys electricity in bulk from GenCos through…
ADM Energy, OilBank Partner in Nigeria’s Marginal Field Round Bid
ADM Energy has announced it is participating in the Nigeria’s 2020 Oil Bid Round as a strategic partner of OilBank International, a Nigerian integrated oil and gas service management company.
The submission follows ADM and OilBank…
NNPC records ₦20.36bn trading surplus in July — report
The Nigerian National Petroleum Corporation (NNPC) said it recorded increased trading surplus of ₦20.36billion in July, compared to the ₦2.12billion surplus in June 2020 in its operations.
The corporation disclosed this in its July…