Uncategorised Archives - Page 112 of 118

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.”...

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...