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NNPCL, NUPRC, Minister reject proposed oil & gas decommissioning Bill

– Warn of investor flight Mkpoikana Udoma Port Harcourt — The Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigerian National Petroleum Company Limited, NNPCL, have jointly opposed the bill […]

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Mozambique may dispute TotalEnergies proposals on LNG project

The French oil major told Mozambique’s president last week that the Mozambique LNG consortium estimated its costs had risen by $4.5 billion in the four years the project has been on hold because of an […]

Saudi Aramco and Sonatrach cut LPG OSPs for Nov by 3-4%

Saudi Aramco’s November OSP decreased by $20 per metric ton to $475 per ton for propane and by $15 per ton to $460 per ton for butane. Propane and butane are types of LPG with […]

Pakistan awards first offshore oil exploration blocks for decades

*Offshore oil production Karachi — Pakistan said it has awarded 23 offshore exploration blocks to four consortiums led by local energy companies, some partnered with foreign firms including Turkey’s national oil company TPAO. In Pakistan’s […]

Lokpobiri cautions National Assembly over duplication of oil sector laws

*Nigeria’s National Assembly. Mkpoikana Udoma Port Harcourt — Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has urged the National Assembly to halt moves to establish a new National Commission for the Decommissioning […]

TotalEnergies CEO says Mozambique LNG project cost still $20 billion

“I want to be very clear and strong on this point, the budget was around $15.5 billion previously, $4.5 billion is what we’ve spent in these past years. So the total is not $25 billion […]

Tinubu approves 15% import tariff on petrol, diesel to protect local refiners

*Petroleum products import vessel Mkpoikana Udoma Port Harcourt — President Bola Ahmed Tinubu has approved the introduction of a 15 percent ad-valorem import duty on Premium Motor Spirit, PMS, and Automotive Gas Oil (diesel), as […]

NNPCL eyes LPG, CNG, mini-LNG expansion to power Nigeria’s energy future

*Bayo Ojulari Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd, has reaffirmed its strategic shift toward gas development, unveiling plans to expand investment in Liquefied Petroleum Gas, LPG, Compressed Natural […]

NUPRC, Bank of America discuss funding for Nigeria’s oil and gas industry

*The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr Gbenga Komolafe (left), and Mr. Chuba Ezenwa, the Managing Director and Head of Investment Banking Sub-Saharan Africa, Bank of America …Komolafe urges […]

Mozambique will give position on revised budget for TotalEnergies LNG project later

The French oil major told Mozambique’s president on Friday that the Mozambique LNG consortium estimated its costs had risen by $4.5 billion in the four years the project has been on hold because of an […]