Nigeria’s UTM secures gas supply deal, clears key hurdle to $3 billion LNG project

NLNG urges commercialisation of stranded gas, PIA incentives

The Nigeria Liquefied Natural Gas Limited (NLNG) has called for the commercialisation of stranded gas resources, development of interconnected infrastructure and full implementation of incentives under the Petroleum Industry Act (PIA). Mr Timothy Fakrogha, General Manager, Commercial, NLNG, who spoke at a panel session at the Nigeria Oil and Gas (NOG) Energy Week in Abuja The post NLNG urges commercialisation of stranded gas, PIA incentives appeared first on Dateline Nigeria.

Nigerian Government Orders Crackdown on Cooking Gas Hoarding

The Nigerian Government has directed regulatory and security agencies to intensify efforts against the diversion, hoarding and illegal storage of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in a bid to stabilise prices and ensure adequate supply nationwide. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, issued the directive during an [] The post Nigerian Government Orders Crackdown on Cooking Gas Hoarding appeared first on Voice of Nigeria.

Nigerian govt announces immediate solution to reduce cooking gas price 

Nigerian government has announced an immediate solution to the crash in the price of liquefied petroleum gas, also known as the cooking gas price, nationwide. Rabiu Umar, the chief executive of the Nigerian Midstream and Downstream Petroleum Authority, NMDPRA, in a recent meeting with stakeholders, announced targeted imports as the immediate solution to bring down [] Nigerian govt announces immediate solution to reduce cooking gas price

Navy busts illegal fuel supply network, recovers 22,870 litres of diesel in Rivers

By Kingsley Omonobi ABUJA — The Nigerian Navy has disrupted an illegal fuel distribution network operating through the creeks of Rivers State, recovering about 22,870 litres of suspected illegally refined Automotive Gas Oil (AGO) in a major intelligence-led operation under Operation Delta Sentinel. The Director of Information, Nigerian Navy, Captain Abiodun Folorunsho, disclosed this in [] The post Navy busts illegal fuel supply network, recovers 22,870 litres of diesel in Rivers appeared first on Vanguard News.

Business : EIG's MidOcean Secures US$1.13 Bln Investment From Private Department

KUALA LUMPUR, July 8 (Bernama) -- EIG, an institutional investor in the global energy and infrastructure sectors, announced that its liquefied natural gas (LNG) company, MidOcean Energy (MidOcean), has secured a US1.13 billion investment from the Private Department of Sheikh Mohammed bin Khalid Al Nahyan (Private Department). (US1=RM4.07)

FG Credits Tinubu Reforms For Boosting Gas-Driven Industrialisation

Federal government says energy reforms under Tinubu are positioning gas as key driver of Nigeria’s industrialisation.

Can the IMF help Africa break the debt cycle? {Business Africa}

Can the International Monetary Fund finally help Africa break out of its multi-generational loop of rescue and repayment and here is how Nigerian businesses are using stablecoins to bypass traditional banks to fight inflation.

Kerajaan teliti dakwaan stesen minyak tanggung kerugian

KUALA LUMPUR: Kerajaan akan mengadakan perbincangan dengan syarikat minyak bagi mendapatkan maklumat berhubung dakwaan pengusaha stesen minyak menanggung kerugian semasa peralihan pelaksanaan penambahbaikan subsidi bahan api sebelum ini. Perdana Menteri, Datuk Seri Anwar Ibrahim berkata, kerajaan menghargai kerjasama syarikat dan stesen minyak dalam menjayakan pelaksanaan penyasaran subsidi petrol RON95 dan diesel. “Merujuk kepada permasalahan yang ... Read more The post Kerajaan teliti dakwaan stesen minyak tanggung kerugian appeared first on Utusan Malaysia.

Africa : Africa Energy Bank wraps up first fundraising round

30 June marks the end of the first phase of the Africa Energy Bank (AEB) project. The African Petroleum Producers' [...]

Dangote to fund proposed Kenya refinery with cash, bonds and an IPO

Nigeria's Dangote Group plans to finance a proposed 700,000-barrel-per-day oil refinery in Kenya through internal cash flow, bonds ​and an initial public offering, a senior company executive told ‌Reuters.

The truth behind claims Dangote petrol sells cheaper outside Nigeria

Claims of cheaper Dangote petrol abroad spark debate, yet evidence shows no proof of lower prices outside Nigeria. The refinery denies re-exporting fuel.

JOEL AITA: Common User Facilities Could Be Uganda’s Missing Link to Industrialisation

Why Uganda’s next leap from exporting raw commodities to producing value-added products depends on shared industrial infrastructure. By Joel Aita In the year ending October 2025, Uganda did something historic: it overtook Ethiopia to become Africa’s largest coffee exporter, earning more than USD 2.4 billion in a single year. It is a genuine national triumph. [] The post JOEL AITA: Common User Facilities Could Be Uganda’s Missing Link to Industrialisation appeared first on Watchdog Uganda.

Canadian Natural Resources: A Dividend Machine In A Volatile Oil Market

Canadian Natural Resources: A Dividend Machine In A Volatile Oil Market

ExxonMobil to Invest $1 Billion in Nigeria

ExxonMobil and its partners will invest 1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing Director Jagir Baxi confirmed the investment commitment during an industry conference in Abuja, Nigeria. The investment marks ExxonMobil’s return to drilling activity [] The post ExxonMobil to Invest 1 Billion in Nigeria first appeared on Egypt Oil Gas.

Margareta Dovgal: How Canada can win by giving Trump what he wants

Conceding on supply management and streaming, while leveraging oil and gas is how to get through trade negotiations

Uganda Oil Production Set for 2027 as World Bank Urges Reforms for Job Creation

KAMPALA, UGANDA – As commercial Uganda oil production moves closer to reality with extraction expected to begin in 2027, a new World Bank report emphasizes that the nation’s greatest opportunity lies in implementing structural reforms to translate economic growth into sustainable job creation. According to the latest Uganda Economic Update, the country’s economy expanded by []

GOLDSTEIN: New pipeline to be financed by a gusher of taxpayer money

Critics question why taxpayers must fund a pipeline when Canada's oil and gas sector is predicted to collect an extra 90B in windfall profits this year

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

अस्ट्रेलिया र भारतबीच युरेनियम आपूर्ति सम्झौता

मेलबर्न। भारतीय प्रधानमन्त्री नरेन्द्र मोदी अष्ट्रेलियाको भ्रमणमा रहेको समयमा अस्ट्रेलिया र भारत बीच युरेनियम आपूर्ति गर्ने सम्झौता भएको जनाइएको छ। छलफलमा भारतमा बिजुलीको माग उच्च रहेको उल्लेख गर्दै प्रधानमन्त्री मोदीले आगामी वर्षहरूमा आणविक ऊर्जा उत्पादनलाई पर्याप्त मात्रामा अघि बढाउने योजनाको रूपरेखा प्रस्तुत गरेको जनाइएको छ। अष्ट्रेलियामा विश्वको युरेनियम स्रोतको लगभग २८ प्रतिशत रहेको जनाइएको छ []