Blog | Page 119 of 125 | Ibe Kachikwu

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.”...

10th June 2020

Marketers do not Have the Power to Fix Prices at their Discretion – PPPRA

Nigeria’s Petroleum Product Pricing Regulations Agency (PPPRA) has clarified the meaning of its market-based pricing regime regulations on Premium Motor Spirit (PMS), after some reports misinterpreted the initially released statement....

10th June 2020

Total Can Resume Options in Afungi – Mozambican Health Authorities

Health authorities in Mozambique have granted permission to French oil and gas giant, Total, to resume the reconstruction of its natural gas factories in the Afungi Peninsula. Total is overseeing...

9th June 2020

Sharara Oilfield Shuts Down Again

Barely 48 hours after the announcement of the resumption of oil production at the El Feel and Sharara oilfields in Libya, the Libyan National Oil Corporation (NOC) has announced that...

9th June 2020

China Plans to Switch to Cleaner Natural Gas

After China's GDP fell by 6.8 per cent during the first quarter, a situation that emerged due to the COVID-19 pandemic, the country has proven that it is focused by...

8th June 2020

Oil Prices Climb as China’s Imports Hit an All-Time High, While U.S Producers Hope for Higher Prices

Oil prices climbed high on Monday after the agreement by OPEC+ on Saturday to extend the current production cut deal until the end of July, and China's crude imports hit...

8th June 2020

El Feel and Sharara Oilfields Resume Production in Libya after 142 Days

The Libyan National Oil Corporation (NOC) announced the resumption of oil production at the nation’s biggest oilfields located in the Western region – the Sharara, and El Feel fields. This...

7th June 2020

Musings on Marble by Ibe Kachikwu – 7/06/2020

The Future of Africa without oil This month, the International Energy Agency released its 2020 investment forecast. Not much surprises except for the fact that oil investments are on the...

6th June 2020

Report and Agreement of the 179TH OPEC Meeting on 6TH June 2020

The 179th meeting of the Organization of the Petroleum Exporting Countries (OPEC) was held via e-conferencing today, 6th of June, 2020, under the leadership of its president, Mohamed Arkab, Minister...

6th June 2020

Ivory Coast to Increase Butane Gas Storage Sphere from 4,000 to 6,000 Tonnes in 2021

The Ivory Coast Oil Management Company (GESTOCI) has launched the commencement of the construction of a new 2,000-tonne butane gas storage sphere. If completed, it will increase the total storage...