Tag: COVID19

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Tanzania Sees an Increase in Gas Production and Supply; Malawi Increases Fuel Price

Wentworth Resources Limited announced an increase in production of natural gas in Mnazi Bay, Tanzania, in November 2020. The increase in demand caused the production at the Bay to rise...
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Nigeria’s Crude Oil Export Earning Rose to 116% in November 2020

At the Virtual 19th Nigeria Oil and Gas Conference that held on Tuesday, 8th December 2020, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, disclosed...
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EPRA Kenya Reduces Prices of Petrol, Diesel and Kerosene

Amidst the fear of the second wave of COVID-19 and the hike in the price of petrol in some countries which some attribute to the announcement of a vaccine for...
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Falling Oil Price May Affect Nigeria’s 2021 Budget – Finance Minister

The Nigerian Minister of Finance, Budget and National Planning, Zainab Ahmed, said the resurgence of COVID-19 in Europe which has led to lockdowns and re-enforcement of restrictions and has caused...
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Uganda Received No New Bid for Its Licensing Round After a Six-month Extension

According to The EastAfrican, the second round of bids for Uganda's oil licensing round that expired at the end of September ended with no new expressions of interest received from...
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OPEC Publishes 2020 World Oil Outlook 2045

The 2020 OPEC World Oil Outlook (WOO) was launched on 8th October 2020 in Vienna, Austria. The latest edition avails the Organisation with an in-depth look at the unprecedented scale...
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Chevron to Reduce its Workforce in Nigeria by 25%

Chevron Nigeria Limited has announced that is cutting its workforce by 25% as a result of the prevailing business climate caused by the COVID-19 pandemic which has led to low...
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COVID19 – Shell to Cut a Possible 9,000 jobs by 2022

The Royal Dutch Shell has announced plans to cut 7,000 to 9,000 jobs in response to the fall in global oil demand caused by the coronavirus pandemic. This comes five...
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OPEC to Discuss Blue Hydrogen, Digitalisation and Cybersecurity and Blockchain Technology

The Organisation of Petroleum Exporting Countries (OPEC) announced that it will be exploring the future of blue hydrogen, digitalisation in the energy sector and cybersecurity and blockchain technology in its...
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Total E&P Nigeria MD discusses Petroleum Industry Bill, COVID-19 impact on Businesses

The Managing Director of Total Exploration and Production Nigeria Limited, Mike Sangster, said the Petroleum Industry Bill (PIB) would allow for massive investments by oil and gas companies in the...
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