Fuel Prices Set to Increase in Namibia for the Third Time in 2021
Fuel prices in Namibia will increase for the third time this year from Wednesday, 7th April 2021, as petrol and diesel will increase by 50 cents per litre, which means...
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ENI Exits Tunisia to Focus on Clean Energy in Egypt and Mozambique
The Director-General of hydrocarbons at the Tunisian Ministry of Industry, Energy and Mines, Rachid Ben Dali, said that the departure of Italian oil and gas group, ENI, from Tunisia is...
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Lukoil Withdraws from Purchase of FAR’s Interest in Senegal Project
Australian oil and gas company, FAR Ltd, has announced that Russia's Lukoil will not be making a legally binding takeover offer, which means that Woodside returns as the leading company...
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Marketers Should be Allowed to Determine Gas Prices in Nigeria – DPR
At the Pre-Summit Conference of the Nigerian International Petroleum Summit (NIPS), on the theme: 'The Decade of Gas – Towards a Gas-Powered Economy’, the Director of the Nigerian Department of Petroleum...
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Namibia’s NAMCOR Takes Charge of the National Oil Storage Facility
The National Petroleum Corporation of Namibia (NAMCOR) has taken charge of the operation and maintenance of the country's multi-million-dollar National Oil Storage Facility. The facility consists of a tanker jetty,...
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Tower Resources Granted Extension of PSC Exploration Period by Cameroon
The AIM-listed oil and gas company, Tower Resources, has announced an update regarding its planned operations on the Thali license in Cameroon held by its subsidiary Tower Resources (TRCSA) and...
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Several Vessels Waiting to Pass-Through Suez Canal as it Reopens
After the unblocking of the Suez Canal on Monday, 29th March 2021, several Liquefied Natural Gas (LNG) and other vessels are waiting for the canal to become fully operational. According...
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PGS Awarded High-Fidelity 3D Exploration Program Offshore Egypt
Petroleum Geo-Services (PGS) has been awarded a high-fidelity 3D exploration program offshore Egypt. The survey is to be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing...
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Invictus Energy Signs Petroleum Exploration Development and Production Agreement with Zimbabwe
Following approval from the President of Zimbabwe, H.E. Emmerson Mnangagwa, the Petroleum Exploration Development and Production Agreement (PEDPA) between Invictus Energy's 80% owned subsidiary, Geo Associates, and the Republic of...
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Nigeria’s Crude Oil Capacity Will Drop by 200,000 BPD by 2026 – IEA
In a new report titled 'Oil 2021: Analysis and forecast to 2026' the International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to 1.6...
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