Nigeria: President Buhari Signs PIB into Law
President Muhammadu Buhari signed the Petroleum Industry Bill (PIB) 2021 into law on August 16, 2021, according to a statement by the Special Adviser on Media and Publicity, Femi Adesina....
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Equatorial Guinea Mandates Oil and Gas Workers to be Vaccinated
The Equatorial Guinean Minister of Mines and Hydrocarbons, HE Gabriel Mbaga Obiang Lima, issued a mandate for all oil and gas workers to be vaccinated against COVID-19, during a virtual...
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Nigeria’s NNPC Praises NIPCO’s Investment in Gas Infrastructure
The Nigerian National Petroleum Corporation (NNPC) has pledged to continue supporting NIPCO Plc in its efforts to boost gas infrastructure investment to promote compressed natural gas as a preferred auto...
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Oil Prices Volatile as U.S. Asks OPEC+ to Increase Output
Following President Joe Biden's plea for the Organization of Petroleum Exporting Countries and its partners to raise oil supply, oil market prices were turbulent this week. According to a Hellenic...
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Shell’s Nigeria auction has potential, but bidders must do their homework – WoodMac
Shell has started a process to divest all of its operated joint venture licences held by the Shell Petroleum Development Company (SPDC) in Nigeria, which includes a 30% interest in...
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Global Petroleum Enters Next Phase of PEL 94 Licence, offshore Namibia
Global Petroleum has announced that the Namibian Ministry of Mines and Energy has agreed to Global's petition to extend its licence PEL0094 (Block 2011A) offshore Namibia for another year, from...
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Nigeria’s NNPC Announces Major Reshuffling in Anticipation of PIB
The Nigerian National Petroleum Corporation (NNPC) has announced a substantial shakeup in its management in preparation for the soon-to-be-passed Petroleum Industry Bill (PIB). In a statement, the Corporation said: “Other...
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Oil Pipeline Leak to Reduce Libya’s Output by 70,000 b/d – NOC
Libya's National Oil Corporation (NOC) announced a pipeline breach on Monday, August 9, that will reduce production at the Gallo field by up to 70,000 barrels per day as the...
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San Leon Energy Announces Update on ELI Loan Repayment in Nigeria
San Leon Energy offered an update on its OML 18 operations in Nigeria as well as the ELI loan repayment. The following was included in the statement: “San Leon Energy,...
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TotalEnergies Announces Ikike Field Project in Nigeria will Strike First Oil in 2022
The Executive Director of TotalEnergies Port Harcourt District, Obi Imemba, announced that the Ikike oil field development project would commission and celebrate first oil by early 2022, barring any unforeseen...
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