petroleum

News

Uganda: How Oil Revenues Will Be Managed
[Observer] Members of the Parliamentary Forum on Oil (PFO) have raised objections to aspects a bill that vests what they believe to be excessive powers in the minister of Finance to manage and oversee the Petroleum Fund.
AllAfrica | 18-May-2012 11:59

Nigeria: Relief As FAAC Nears Resolution On April Allocation
[This Day] The Federation Accounts Allocation Committee (FAAC) Thursday finally began the technical session of its two-day meeting to share monthly revenue to the three-tiers of government for April.
AllAfrica | 18-May-2012 09:59

Nigeria: Gas-to-Power - Alison-Madueke Reassures On Gas Emergency Timeline
[This Day] Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has reassured Nigerians of an increased power generation in the country through the fervent pursuance of her 12-month Gas Emergency timeline for the revival and expansion of the country's gas-to-power capacity.
AllAfrica | 18-May-2012 09:59

Nigeria: Oil Subsidy Probe - Leave Ahmadu Ali Alone
[Leadership] It has come to the notice of Kogi Youth Forum that some individuals are bent on tarnishing the image of our leader, hero and one of the founding fathers of our dear State, Kogi, Senator (Dr.) Ahmadu Ali, using the Farouk Lawan-led report as a spring board.
AllAfrica | 18-May-2012 09:45

Nigeria: JTF Storms 218 Illegal Refinery Sites in Delta, Rivers
[Leadership] Operatives of the Joint Military Task Force (JTF) code named "Operation Pluto Shield" intensified its security operations against crude oil theft in the Niger Delta region with a multiple raid on over 218 illegal refineries along the waterways and creeks of Delta and Rivers states, arresting eighteen persons in the raid.
AllAfrica | 18-May-2012 09:45

Nigeria: EFCC Takes Charge of Illegal Oil Bunkering Vessel
[Daily Trust] The Economic and Financial Crimes Commission (EFCC) says it has taken possession of an illegal oil bunkering vessel from the Nigerian Navy.
AllAfrica | 18-May-2012 09:35

Rwanda: Oil Firm Seeks 400 Hectares of Land
[New Times] A local oil processing firm, Ikirezi Oil Processors, has asked the government to avail 400 hectares of land to enable it to grow raw materials for its business.
AllAfrica | 18-May-2012 09:00

Nigeria: EFCC Takes Custody of 11 Over Oil Bunkering
[Leadership] The Economic and Financial Crimes Commission yesterday took custody of 11 people alleged to have been involved in oil bunkering, even as it took possession of a suspected oil bunkering vessel from the Nigerian Navy.
AllAfrica | 18-May-2012 08:49

Nigeria: Shell Assures FG of Improved Gas Supply
[Vanguard] Ughelli - The Shell Petroleum Development Company (SPDC) in Ughelli, Delta on Thursday said that it would take adequate steps to improve gas supply to the integrated power plants in the country.
AllAfrica | 18-May-2012 08:40

Uganda: Oil, Energy Attract More Cash, Jobs
[Observer] Prospects within Uganda's oil and energy sector continue to attract foreign interest, with the Uganda Investment Authority noting that a new crop of foreign investors - together with other players eying sectors like forestry - were licensed in the first quarter of this year, and are to create more than 6,000 jobs.
AllAfrica | 18-May-2012 06:10

South Sudan: Nation Faces Transparency Test in Pursuing Oil-Backed Financing
[Global Witness] South Sudan must exercise caution and total transparency in pursuing oil-backed financing, said Global Witness today. The detailed publication of any loan agreement will be critical in preventing exploitative terms, corruption, and mismanagement from undermining immediate benefits.
AllAfrica | 17-May-2012 22:41

Govt Near to Sealing More Oil Search Deals
[The Star] Kenya is close to sealing a deepwater exploration contract with France's Total and has offered three other oil majors new offshore blocks, the country's petroleum commissioner said. Martin Heya told Reuters on Tuesday a production sharing contract with Total for block L22 offshore was with the Attorney General's office, meaning it is close to being signed.
AllAfrica | 17-May-2012 19:16

South Sudan: Shortage of Fuel in Juba
[Citizen] There is still an acute shortage of fuel in Juba. Long queues of vehicles and bodabodas are a common sight in petrol stations. Some motorists queue for as long as three hours and yet still go home without a drop of the coveted commodity.
AllAfrica | 17-May-2012 18:37

Angola: 'Economic Prospects Remain Positive' - IMF
[IMF] Washington, DC - A staff team from the International Monetary Fund (IMF), led by Mr. Mauro Mecagni, visited Luanda from May 2 to May 17, 2012 to conduct the 2012 Article IV Consultation and First Post-Program Monitoring Mission.
AllAfrica | 17-May-2012 18:02

Cameroon: Statement At the Conclusion of an IMF Mission to Country
[IMF] Washington, DC - An International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy, visited Cameroon during May 2-16, 2011 to conduct the 2012 Article IV Consultation.
AllAfrica | 17-May-2012 17:27

Uganda: Oil Palm Changes Ssese Fortunes
[Observer] An early morning drizzle on a chilly Sunday morning on Bugala island in Lake Victoria creates a perfect scenario to debate the red flags raised by a section of environmentalists over the oil palm project. These environmentalists accuse the project for the increasing environmental degradation of the island.
AllAfrica | 17-May-2012 15:48

Uganda: Oil Companies Face Strict Waste Management Rules
[Observer] The government has allowed oil companies to bury oil waste generated during the exploration process; but subsequent oil waste generated during the production stage will have to be thoroughly treated before it can be buried.
AllAfrica | 17-May-2012 15:36

Nigeria: Group Supports Subsidy Report Protest
[Daily Trust] The International Institute for Humanitarian and Environmental Law has expressed support to the planned protest by the Save Nigeria Group (SNG) over the implementation of the fuel subsidy probe report.
AllAfrica | 17-May-2012 12:58

Nigeria: Diezani Hosts Oil Summit in Lagos
[Daily Trust] Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, is set to host a roundtable discussion on crude oil production and the state of the oil industry in Nigeria.
AllAfrica | 17-May-2012 12:50

Nigeria: Contractors Threaten Chevron
[Vanguard] Warri - KOKODIAGBENE community contractors, executing the multi-million naira cottage hospital for the oil-rich people of Warri South-West Local Government Area of Delta State, have given Chevron Nigeria Limited a 48-hour ultimatum to pay them for work done or face their wrath.
AllAfrica | 17-May-2012 12:30

Liberia: Oil Politics - No Renegotiation but Reform-Has Breakthrough Been Achieved?
[New Dawn] Undoubtingly, the past few weeks on Capitol Hill were rift with oil controversies. The target was the Sirleaf's administration and the contentions were that oil contracts violated the new petroleum laws of Liberia and there is a need to reform the NOCAL Act to separate regulation from oil revenues collection.
AllAfrica | 17-May-2012 12:13

Rwanda: Ailing Local Firm Seeks 400 Hectares of Land to Stay Afloat
[New Times] A local oil processing firm, Ikirezi Oil Processors, has asked the government to avail 400 hectares of land to enable it to grow rawmaterials for its business.
AllAfrica | 17-May-2012 11:54

South Sudan: Juba Trudges Ahead Despite Oil Row
[Capital FM] Nairobi, Kenya - South Sudan is trudging on with plans to develop its infrastructure amid unresolved oil issues with its northern neighbour; an inflation surge and recently imposed austerity measures to recoup revenue losses.
AllAfrica | 17-May-2012 09:43

Nigeria: Shell Begins Repair of Nembe Creek Trunkline
[This Day] Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture has commenced repair of Nembe Creek Trunkline (NCTL) in Bayelsa State, after shutting it down on May 2 because of incessant crude theft activities.
AllAfrica | 17-May-2012 09:29

Nigeria: NSCDC Arrests Five Oil Bunkerers in Anambra
[Leadership] The Nigeria Security and Civil Defence Corps (NSCDC) command in Anambra has burst a five-member syndicate, which allegedly deals in transporting adulterated petroleum products.
AllAfrica | 17-May-2012 09:25

Nigeria: Gas to Power - FG Deploys Experts On Field Inspection
[Leadership] Following her 12-month emergency time line to correct the misalignments in gas to power aspirations, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has directed a team of gas experts to commence a one-week tour of all gas installations and projects listed for the production of additional gas under the Gas Supply Emergency Programme.
AllAfrica | 17-May-2012 08:38

Nigeria: Diezani - Weathering the Storms of Office
[Leadership] Ever since the present executive was inaugurated by President GoodLuck Jonathan , the Minister of Petroleum, Diezani Allison-Madueke appears to be the most vilified ,most controversial and most hated by a section of the country. The reasons being obvious.
AllAfrica | 17-May-2012 08:38

Nigeria: Fuel Subsidy - SNG Sues Jonathan
[Leadership] The Save Nigeria Group (SNG) has instituted a suit against President Goodluck Jonathan at the Federal High Court, Ikeja, Lagos, for allegedly withdrawing unappropriated N2.587.087 trillion from the Consolidated Revenue Fund, allegedly to meet petroleum subsidy payments for the 2011 financial year.
AllAfrica | 17-May-2012 08:38

Angola: Govt, Thailand Sign Memorandum of Understanding On Oil, Natural Gas
[ANGOP] Bangkok - Angola and Thailand signed Wednesday in Bangkok a Memorandum of Understanding on Cooperation in Oil and Natural Gas.
AllAfrica | 17-May-2012 07:34

Kenya: COTU Angry Over New Fuel Prices
[The Star] The Central Organisation of Trade Unions has accused the Energy Regulatory Commission of serving the interests of a few cartels in the oil industry which has seen fuel prices continue to rise at the expense of Kenyan workers.
AllAfrica | 16-May-2012 17:34

Mozambique: ENI Announces New Gas Discovery
[AIM] London - The Italian energy company, ENI, on Wednesday announced a further discovery of natural gas in the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado.
AllAfrica | 16-May-2012 17:11

Ghana: Increased Demand for LPG Affecting Its Supply On the Market
[Accra Mail] Growing demand for LPG continues to adversely affect the supply of the product on the market.
AllAfrica | 16-May-2012 16:22

East Africa: Stalemate in Sudan As Neither North Nor South Can Make Decisive Move
[African Arguments] The tactical calculations in the conflict between North and South Sudan are staggeringly complex but they have one thing in common: neither party has the slightest consideration for the wellbeing of the population. I tend to feel that there is little use for analyses when the men in charge are so determined to wear each other out at any cost.
AllAfrica | 16-May-2012 13:26

Nigeria: Oil Spills - Shell Pays U.S.$1.1 Million to Communities
[Daily Trust] Lagos - Shell Petroleum Development Company (SPDC) says it paid over $1.1 million last year to communities affected by oil spills in the country.
AllAfrica | 16-May-2012 12:27

Nigeria: Diesel Sold in the Country Below Specification Dangote
[Daily Trust] Lagos - President of Dangote Group of Companies, Alhaji Aliko Dangote, has said that majority of diesel sold in Nigeria is not up to desired specification.
AllAfrica | 16-May-2012 12:08

Excess Crude Account Not Growing Enough - Okonjo-Iweala
[Daily Trust] Nigeria's Excess Crude Account is not growing as it should because of bunkering activities in the Niger Delta causing shortage in oil production output, the Minister of Finance and the Coordinating Minister of Economy has said.
AllAfrica | 16-May-2012 11:57

Nigeria: Petrol Smuggling and Subsidy Controversy
[Daily Trust] Lagos - Stakeholders operating at various seaports in Lagos have said that unspecified but large quantities of petroleum products mainly Premium Motor Spirit (PMS) otherwise known as petrol were illegally imported into the country by unauthorized persons and might have formed part of the products listed under the imports that attracted subsidy.
AllAfrica | 16-May-2012 11:57

Erratic Fuel Supply to Hurt Kabwe Commerce
[Times of Zambia] THE Kabwe Chambers of Commerce and Industry (KCCI) says the continued erratic supply of fuel in Kabwe will negatively affect the developmental programmes currently going on in the town.
AllAfrica | 16-May-2012 11:34

No Fuel Shortage, Govt Assures
[Times of Zambia] THE Government has assured that there is no fuel shortage in the country and Indeni Petroleum Refinery that had temporarily shut down has today resumed operations.
AllAfrica | 16-May-2012 11:34

South Africa: Country's Fuel Cell Industry May Become a Lucrative Business
[Biz-Community] The South African Department of Mineral Resources and Department of Science and Technology have been working closely with Ballard Power, a leading manufacturer of hydrogen fuel cells, and Anglo Platinum, a processor of platinum-metal groups, to investigate the possible uses of hydrogen fuel cells.
AllAfrica | 16-May-2012 11:09

Nigeria: Policeman, Others Arrested for Vandalising Pipeline in Niger
[Daily Trust] Minna - A police Corporal, Ahmed Sirajo, 29, alongside two others were yesterday arrested by members of the Nigerian Security and Civil Defence Corps (NSCDC) for allegedly vandalizing the petroleum pipeline in Izom, Gurara Local Government Area of Niger State.
AllAfrica | 16-May-2012 11:08

Nigeria: FG Turns to ECA to Forestall Fiscal Crisis
[This Day] The Federal Government is building up the excess crude account (ECA) to cushion the effect of shortfalls in revenue accruing from sale of crude oil owing mainly to theft and illegal bunkering in the Niger Delta.
AllAfrica | 16-May-2012 10:01

Nigeria: Croatian Ship Linked to Crude Oil Theft
[This Day] One of the two ships arrested last week with 1.3million barrels of stolen crude oil and destroyed by the Joint military Task Force (JTF) in the Niger Delta has been linked to Croatia, THISDAY investigation has revealed.
AllAfrica | 16-May-2012 10:01

Ghana: Ghana's Oil and Pirate Activities in the Gulf of Guinuea - a Cause for Great Concern
[Ghanaian Chronicle] THE RECURRENT pirate activities in the Gulf of Guinea and the increasing threat of terrorism in neighbouring Nigeria has raised grave security concerns to oil shipments in the West African sub-region and these are invariably too close for comfort to Ghana's oil installations.
AllAfrica | 15-May-2012 19:21

Mozambique: Petroleum Company Announces Major New Gas Discovery
[AIM] London - The Texas-based Anadarko Petroleum Corporation on Tuesday announced that it has found a major new gas field in the Rovuma Basin off the coast of the northern Mozambican province of Cabo Delgado.
AllAfrica | 15-May-2012 19:10

Mozambique: Petromoc Becomes Official Importer of Cooking Gas
[AIM] Maputo - The Mozambican government has appointed the public owned fuel company, Petromoc, as the official importer of cooking gas (LPG - liquefied petroleum gas), and has abandoned any further attempt to choose suppliers of gas by international public tender.
AllAfrica | 15-May-2012 18:55