News Feeds

Author | Legal Icon | Energy Expert

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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%...
Read More

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...
Read More

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.”...
Read More

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....
Read More