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Nigeria: NNPC Releases Monthly Financial Operations Report for May 2020

The Nigerian National Petroleum Corporation (NNPC) has released its Monthly Financial Operations Report (MFOR) for May 2020. In the report, it showed that 37 pipeline points were vandalised in May...
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Oil Prices Rise Above $45/barrel For The First Time Since March

The price of Brent rose to a five-month high above $45 a barrel. This comes after a United States industry data showed a decline in the nation's stockpiles. This also...
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Somalia: Petroleum Ministry Set up Somali Petroleum Authority

Somalia has set up the Somali Petroleum Authority, tasked with the regulation of the development of the oil sector as the country opens its first-ever licensing rounds. The country launched...
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Nigeria: PTDF, NCDMB, Shell & Bayelsa State to Fund Oil and Gas Museum Research Center in Oloibiri

The Federal Government of Nigeria plans to establish an Oil and Gas Museum and Research Center (OGMRC) in Oloibiri, Bayelsa State. Oil was first discovered in Nigeria by Shell in...
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Senegal: Lukoil to Acquire Assets of Cairn Energy Including a Share of Sangomar

Russian multinational company, Lukoil, has reached an agreement with a leading independent oil and gas exploration and development company, Cairn Energy, to purchase the company's assets in Senegal which includes...
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Sierra Leone Appoints Minister of Mines and Mineral Resources

Musa Timothy Kabba and Mrs Ann Marie Harding have been appointed Minister and Deputy Minister of Mines and Mineral Resources of the Republic of Sierra Leone, respectively. The young vibrant...
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South Africa: Sasol Invites Bidders for two 10 MW PV Plants

The International Integrated Chemicals and Energy Company, Sasol, has called for bidders to participate in developing two 10 megawatts (MW) solar photovoltaic (PV) facilities in South Africa. The closing date...
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Equatorial Guinea: Minister Briefs on Latest Development in the Oil and Gas Sector

Equatorial Guinea's Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima and the Director of Hydrocarbons Ministry of Mines and Hydrocarbons, shared the immediate and near-term plans by the Ministry with...
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Nigeria: ADM through OilBank Pre-qualify for the Ongoing Marginal Fields Bid Round

ADM Energy Plc has qualified for participation in the Marginal Oil Field License Bid Round 2020 in Nigeria, through its local partner, OilBank International. OiBank International is an oil and...
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ExxonMobil Faces the Worst Loss in its History

Exxon Mobil posted its worst loss in history in the aftermath of the effects of the COVID-19 pandemic which has caused a brutal loss to the oil giant's business and...
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