Blog - Page 117 of 124 - Ibe Kachikwu

15th June 2020

Nigeria’s NNPC Publishes Financial Statement for 2018

The Nigerian National Petroleum Corporation (NNPC) has released audited financial statements for the first time to the public. This is in a bid to promote transparency in its operations. The...

15th June 2020

African Petroleum Producers Organization Holds Extraordinary Session of Ministers

The Council of Ministers of the African Petroleum Producers Organization (APPO) is expected to convene in a virtual meeting by 2pm Nigerian time today, Monday 15th June 2020. The meeting...

13th June 2020

South Africa’s Cabinet Approves a Single National Oil Company

The South African cabinet approved the merger of three of the country’s state-owned oil and gas firms to form a single national oil company. The reduction in number of state-owned...

13th June 2020

Most Nigerian Filling Stations Complying with New Fuel Prices – DPR

The Nigerian Department of Petroleum Resources (DPR) disclosed on Wednesday that at least 94 percent of retail fuel stations across the country were complying with the new PMS price of...

12th June 2020

Gabon’s MegaSurvey Offers New 3D and 2D Data for Offshore Oil Blocks

The Gabonese Directorate-General of Hydrocarbons, and Norwegian seismic acquisition company, PGS, have expanded the Gabon MegaSurvey coverage by offering over 65,000 square kilometers of 3D seismic, and over 21,000 kilometers...

12th June 2020

Hoard Petroleum Products and Risk Losing Your License – ERPA to Kenyan Oil Marketers

The Energy and Petroleum Regulatory Authority (EPRA) in Kenya has issued a statement cautioning fuel dealers who are hoarding petroleum products in anticipation of a hike in prices in the...

12th June 2020

Angola to Reduce Number of Cargoes Sent to China

The APPO and OPEC member country is reducing its oil exports to China. This comes after the OPEC+ production cuts agreement that went into effect in May, which has been extended...

11th June 2020

Zenith Energy Makes Payment for Onshore Field in Tunisia

Zenith Energy has announced the payment of 250,000 US dollars to Kuwait Foreign Petroleum Explorations Company (KUFPEC), a subsidiary of the state of Kuwait's national company, to acquire a 22.5%...

11th June 2020

Liberian Companies Encouraged to Participate in 2020 Offshore Licensing Round

To ensure that Liberian-owned companies fully participate in the ongoing offshore petroleum licensing round, the Liberia Petroleum Regulatory Authority (LPRA) on Friday, June 5th, 2020, held a meeting with representatives...

11th June 2020

Nigeria to Reach OPEC+ Compliance by July – Mele Kyari

The General Managing Director of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has stated that Nigeria will reach full compliance with the OPEC+ deal by “maximum, middle of July.”...