Egypt’s production of natural gas increased by around 20.64% year-on-year (YoY), reaching 3.437 million tons in March 2018 compared to 2.849 million tons in March 2017, Egypt Oil & Gas reports. Statistics published by the Central Agency for Public Mobilization and Statistics (CAPMAS) reveal that consumption of natural gas in Egypt rose by around 9.3%
Russia’s Rosneft signed a deal with the Ghana National Petroleum Corporation for an annual delivery of 1.7 million tons of LNG. The volumes will be regasified at GNPC’s processing capacities in the port of Tema where the company is developing an LNG import terminal. Rosneft gas supplies will cover a quarter of Ghana’s energy demand
Libyan protesters shut down on Wednesday the eastern Raguba oilfield which had 5,000 barrels per day (bpd) of crude production feeding Brega port, said a spokesman for the owner, state-run Sirte Oil. The protesters had been threatening to shut down oilfields and pipelines passing through their remote home region of Marada unless authorities improve state
The Nigerian National Petroleum Corporation (NNPC) has said that it is working on the right strategies to remain in business for a long time. The Group Managing Director of the corporation, Maikanti Baru, who spoke at the NNPC first quarter 2018 top management steering committee meeting in Abuja at the weekend, said in order to operate as
The Nigerian National Petroleum Corporation (NNPC) would begin retailing of petroleum products across markets in the Economic Community of West African States (ECOWAS) in the next two years. NNPC Group Managing Director, Maikanti Baru, who rebranded key downstream subsidiaries of the group yesterday, in Abuja, said the company would own 30 per cent market share
The oil production expected to start in the Albertine region by 2020 is projected to create over 160,000 jobs, Caroline Korutaro, a senior petroleum engineer in the Directorate of Petroleum at the Ministry of Energy and Mineral Development has said. Korutaro said of jobs created, about 60% will be for petroleum engineers, geologists, oil researchers
The pump price of fuel has been increasing from D42 to D45.50 per litre in October 2017, despite a 40 percent decrease in price of crude oil at the time as acknowledged by the Minister of Transport. It was further increased to D48.16 in December 2017 and now it is being sold over D50 per
Kenya’s oil ambitions received a boost after the government reached a revenue-sharing deal with the Turkana local government and community where the lucrative oilfields are located. But the road to first oil and sustained production remains fraught with political uncertainty and volatility as some within the local community still remain unconvinced. Kenyan President Uhuru Kenyatta
Oil workers under the auspices of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have rejected the Service Level Agreement (SLA) in Petroleum Industry Bill (PIB). They described the agreement reached between the Nigerian Content Development and Monitoring Board (NCDMB) and
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged the Federal Government to remove Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) also called cooking gas. Its President, Nosa Ogieva-Okunbor, told reporters in Lagos that VAT payment on locally processed LPG makes it expensive and unattractive to imported LPG, which