The Federal Government has said it plans to supply the local market up to one million metric tonnes, MT, of Liquefied Petroleum Gas, LPG/cooking gas yearly, to boost per capita consumption of the commodity in the country. Currently, the market is being supplied with about 250,000MT, up from the 150,000MT, when it began its intervention in the sector about a decade ago. The Head, Environment, the Department of Petroleum Resources, DPR,.... Read more »

Posted on : Wednesday , 17th September 2014

 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to intervene in the downstream sector of the petroleum industry to ensure adequate supply of Dual Purpose Kerosene (DPK) popularly called kerosene and Automotive Gas Oil (AGO) commonly called diesel, to avert scarcity. IPMAN’s Chairman, Mosimi depot, Comrade Dele Tajudeen, made the request during a meeting of the association at.... Read more »

Posted on : Wednesday , 17th September 2014

 The government of Algeria has confirmed postponement of the oil and gas bids for its plants till end of September this year.   This comes after the government submitted to the request by international energy companies to delay the process further, to allow some foreign more time to assess the potential of all the fields.   ALNAFT, an energy agency that is handling bids said earlier this year June that the delay would be.... Read more »

Posted on : Monday , 15th September 2014

 MR Liu Kan, the Consul-General of the Consulate General of People's Republic of China in Lagos, on Thursday expressed his country's growing interest in Nigeria's oil and gas industry.   Liu told the News Agency of Nigeria (NAN) in Lagos that China would also depend on Nigeria to satisfy the demand of her increasing population for crude oil and gas.   "China is the most populous nation in the world and her demand for oil.... Read more »

Posted on : Monday , 15th September 2014

 A new UK-based company, Delonex Energy Limited, two weeks ago acquired oil exploration blocks in the Ogaden basin, in eastern Ethiopia.   Delonex Energy is an oil and gas exploration company focused on sub-Saharan Africa. In a statement issued on August 25, Delenox Energy said that the Ethiopian Ministry of Mines had awarded it an exploration license in the Ogaden basin.   The license area covers blocks 18, 19, and 21,.... Read more »

Posted on : Monday , 15th September 2014

 Zambia and Saudi Arabia have agreed terms on a possible government-to-government deal that will enable the oil-rich Middle East country to supply the mineral-rich State with petroleum in bulk on a long-term basis. Mines, Energy and Water Development Minister Christopher Yaluma said in an interview that Saudi Arabia had agreed to supply Zambia with significant quantities of petroleum on a government-to-government contract to be signed.... Read more »

Posted on : Monday , 15th September 2014

 Kenya and Norway will sign an agreement on petroleum resources to help the east African country manage new oil discoveries, Norway’s new ambassador to Kenya was quoted as saying. “We are considering a long-term agreement with Kenya’s ministry of energy and petroleum on effective and socially responsible management of petroleum resources,” Victor Ronneberg said, according to a note issued by Kenya’s.... Read more »

Posted on : Monday , 15th September 2014

 Nigeria and seven other African oil producing countries could experience boom in the coming years, with Mozambique and Tanzania set to emerge as new frontiers, if they can attract enough investment, a report by PriceWaterhouseCoopers has stated. The report also stated that six of the top 10 global discoveries in 2013 were made in Africa, with more than 500 companies now exploring across to the continent. Large gas finds in Mozambique and.... Read more »

Posted on : Wednesday , 10th September 2014

 Orrick Rambaud Martel has advised Établissements Maurel & Prom, one of France’s largest oil companies, on the renewal of its seven exclusive exploitation and development licenses in Gabon covering 6,100 km and on the renegotiation of the related production sharing contract with the Government. The Gabonese State and Maurel & Prom S.A., the Gabonese subsidiary of the French oil & gas exploration company listed on.... Read more »

Posted on : Wednesday , 10th September 2014

 The Ghana National Gas Company (Ghana Gas) has expressed satisfaction with work on the Atuabo Gas Plant as a test run on the plant proved successful. A series of tests was carried out over the weekend on the 111-kilometre Onshore pipelines from Atuabo in the Ellembelle district to Aboadze in the Shama district. The test formed part of the process to check the integrity of the pipeline and to identify and correct potential leakages along.... Read more »

Posted on : Wednesday , 10th September 2014

JSE-listed gas and welding firm, African Oxygen (Afrox), on Thursday said it had signed a five-year R147 million ($13.7 million) contract with Exxaro FerroAlloys, a unit of the JSE-listed mining resources firm, Exxaro.   In terms of the deal, Afrox will supply nitrogen to Exxaro FerroAlloys’ factory in West Pretoria, South Africa. Afrox will also be injecting money in promoting its distribution pipeline to meet the demand from the.... Read more »

Posted on : Tuesday , 9th September 2014

 Aminex has announced that following the Company’s newly acquired seismic in Tanzania  shows larger resources estimates than earlier anticipated.   The new interpretation by Aminex over the Ntorya discovery in the Ruvuma PSA shows that Likonde and Ntorya are connected at the Cretaceous level and based on the recent 2014 seismic programme estimates of the resources have increased from 1.2 Tcf to 1.9 Tcf (Pmean.... Read more »

Posted on : Tuesday , 9th September 2014