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President Buhari Appoints Implementation Committee for Petroleum Industry Act

Following President Muhammadu Buhari's signing of the Petroleum Industry Bill into law on Monday, August 17th, 2021, the President has authorised the formation of an implementation committee to begin the...
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OPEC Congratulates President Buhari on PIB Signing

The Secretary-General of the Organisation of Petroleum Exporting Countries, Mohammad Sanusi Barkindo, has congratulated the President of Nigeria, Muhammadu Buhari, on signing the Petroleum Industry Bill (PIB) into law. In...
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Rwanda Announces Extension of Subsidies on Prices of Petrol and Diesel

On Saturday, August 14, the Rwanda Utilities and Regulatory Authority (RURA) stated that the price of petrol and diesel will remain unchanged for the next two months. After the government...
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NIGERIA’S PETROLEUM INDUSTRY ACT – A TIMELINE OF EVENTS

From the founding of the Oil and Gas Reform Implementation Committee (OGIC) to the formation of the Petroleum Industry Bill (PIB) to the passage(s) of the Bill to the final...
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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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