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Asharami Synergy pledges support for downstream sector transformation in Kenya

Asharami Synergy

Asharami Synergy Kenya, a Sahara Group Oil marketing company, has reiterated its commitment to working with all stakeholders to transform Kenya’s downstream sector for sustainable growth and regional competitiveness. Debola Adesanya, country manager, Asharami Synergy, said the company would leverage its affiliation with its parent company, Sahara Group to join forces with relevant stakeholders in […] Read Full Story

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PIB: Oil companies have no presence in Abia — Ikpeazu

By Ugochukwu Alaribe Governor Okezie Ikpeazu of Abia State, has expressed concern that despite the long years of oil exploration in the state, there was nothing tangible people of oil-producing communities in the state have to show for it. Ikpeazu, while receiving the Senate and House of Representatives Joint Committee on Petroleum Industry Bill led
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Bonny Light hits $65.36pb, as OPEC+ mulls oil production increase

Nigeria’s grade of crude oil, Bonny Light, yesterday, witnessed a marginal rise of $1.63 cent, or 2.56 percent rise to $65.36 per barrel from the previous day, giving further relief to the nation’s budget benchmark, even as Organisation of the Petroleum Exporting Countries Plus (OPEC+) mulls oil production increase. This development, according to global crude oil prices sighted by our correspondent, places the nation’s Excess Crude Account, ECA, on a positive trajectory.

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FG, oil, gas stakeholders tackle accidents, as DPR flags off SeRAS in Lagos

THE Department of Petroleum Resources, DPR, has flagged off the Oil and Gas Search, Rescue and Surveillance, SeRAS, Command and Control Centre, targeted at improving safety and operational efficiency in the petroleum industry. Director, DPR, Mr. Sarki Auwalu, who flagged off the programme in Lagos, Monday, disclosed that it was being implemented in collaboration with
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Mozambique reaps investments as Nigeria drags on PIB passage

Oil

Mozambique is harvesting the gains of having clear legal and fiscal frameworks that drive transparency and attract foreign investors as Nigeria’s Petroleum Industry Bill’s journey to becoming a law remains uncertain several years after it was first initiated. Energy multinationals including Total, Mitsui, ONGC, PTTEP, Eni and ExxonMobil have already invested more than $20 billion […] Read Full Story

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Oil exploration drops by 150% in Nigeria

As rig count stands at 6 – Report By Udeme Akpan THERE are indications that oil exploration has dropped by 150 per cent in Nigeria in the past year, due mainly to the prolonged delay in the passage of the nation’s Petroleum Industry Bill, PIB into law. The PIB, still before the National Assembly aimed
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We won’t be intimidated by your delay tactics, host communities warn SEEPCO

Agge Federated Communities of the Kou Kingdom in Bayelsa and Delta states, have warned the management of Sterling Oil Exploration & Energy Production Company Limited, SEEPCO, that they would not be intimidated by the delay tactics of the company to evade full implementation of the Global Memorandum of Understandin (GMoU) it entered with them on
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Reform economy, cut dependence on oil, IMF tells Nigeria

…Calls for urgent policy adjustment By Emma Ujah & Babajide Komolafe The International Monetary Fund, IMF, has called on the federal government to reform the nation’s economy and cut dependence on oil. The IMF, in a statement on the outcome of its 2020 Article IV Staff Consultation to Nigeria, stated: “Nigeria’s economy has been hit
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FG To Begin Oil Exploration In Northeast, Says Petroleum Minister

  The Minister of State for Petroleum Resources, Timipre Sylva, has revealed plans by the Federal Government to begin oil exploration in the northeast. Speaking during a recent interview on Channels Television’s Newsnight in Abuja, which aired on Monday. “I have said it a few times that we have found oil in the northeast and … Continue reading FG To Begin Oil Exploration In Northeast, Says Petroleum Minister Read Full Story