KEY POINTS Spanish energy giant Repsol is accelerating plans to dramatically expand oil production in Venezuela following major geopolitical shifts that have reopened the country’s energy sector. Under the leadership …
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KEY POINTS Aliko Dangote, president of Dangote Group, has announced that Nigerians will soon be able to buy shares in the Dangote Petroleum Refinery, revealing that the opportunity is expected …
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KEY POINTS Despite attracting over $2 billion in private-sector funding within two years, Nigeria’s Federal Government is struggling to meet its 2025 nationwide Compressed Natural Gas, CNG, infrastructure goals. Findings …
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In the NewsOil & Gas
Shell Trading Backs Petralon Energy as Dawes Island First Oil Boosts Confidence in Indigenous Operators
KEY POINTS Investor confidence in local oil producers has received a notable lift following an endorsement from Shell Western Supply and Trading, which praised Petralon Energy for its operational performance …
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KEY POINTS Ugwumba Uche Nwosu has praised President Bola Ahmed Tinubu for approving a new directive requiring the Nigerian National Petroleum Company Limited, NNPC, to remit its revenues directly into …
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KEY POINTS The National Energy Regulator of South Africa, NERSA, has issued a multi-year electricity trading licence to BluEnergy Trading, a subsidiary of Blu Label Unlimited, enabling the company to …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has convened a stakeholders’ forum with gas retailers and operators aimed at strengthening safety standards and enforcing compliance across …
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In the NewsOil & Gas
ExxonMobil Ties Guyana Gas Investments to Faster Approvals, Stronger Regulatory System
KEY POINTS A senior executive of ExxonMobil says the pace of future investment in Guyana’s natural gas sector will depend largely on how efficiently government bureaucracy functions and whether a …
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KEY POINTS Oil prices edged lower after Iran signaled progress in nuclear talks with the United States, easing fears of military conflict. Analysts stress that short-term price swings rarely define …
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KEY POINTS President Bola Tinubu has signed a new executive order directing that proceeds from Nigeria’s oil and gas operations be paid directly into the Federation Account, in a sweeping …