U.S. Announces $32.5 Million Aid Package to Tackle Nigeria’s Hunger Crisis
U.S. Announces $32.5 Million Aid Package to Tackle Nigeria’s Hunger Crisis Funding to reach over 764,000 in conflict-affected north; pregnant mothers, young children receive priority amid closure of clinics and rising malnutrition. The United States has approved $32.5 million in humanitarian aid to help Nigeria respond to a worsening hunger crisis, particularly in areas hit […]
Government Suspends Controversial Import Levy After Backlash
Government Suspends Controversial Import Levy After Backlash Finance Minister halts 4% FOB charge after warnings it would spike inflation, raise freight costs by trillions, and damage manufacturers’ competitiveness. Nigeria’s federal government has suspended the 4% Free-On-Board (FOB) levy on imports following widespread criticism from business groups and consumer advocates. The suspension was announced by Finance […]
Nigeria Pushes for Unified Oil Regulations Across Africa
Nigeria Pushes for Unified Oil Regulations Across Africa 16 countries back new AFRIPERF forum to harmonise standards, improve transparency and attract investment in the continent’s petroleum sector. Nigeria is leading a continent-wide initiative to harmonize oil regulations under the newly established African Petroleum Regulators Forum (AFRIPERF), in a bid to create a more transparent and […]
Eight African Nations Sign Historic Petroleum Regulators Forum Charter
Eight African Nations Sign Historic Petroleum Regulators Forum Charter Nigeria has led the signing of the African Petroleum Regulators Forum Charter alongside seven other African countries in what officials describe as a landmark step towards harmonizing oil and gas regulations across the continent. The ceremony was chaired by Nigerian Upstream Petroleum Regulatory Commission CEO Gbenga […]
TotalEnergies Advises Egypt on Enhanced Petroleum Transportation Safety
TotalEnergies Advises Egypt on Enhanced Petroleum Transportation Safety Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with TotalEnergies Marketing Egypt (TEME) representatives to discuss ways to enhance cooperation in safe transportation of petroleum products. The meeting included Thomas Strauss, TEME’s outgoing Managing Director, and his successor Mutaz Nazzal. The discussions focused on leveraging […]
UAE’s Aurelio Expands Bunkering Operations into Senegalese Market
UAE’s Aurelio Expands Bunkering Operations into Senegalese Market Dubai-based maritime services company Aurelio has successfully launched bunkering operations in Senegal, marking a significant milestone in the country’s maritime fuel supply sector. The company completed its inaugural cargo loading of Very Low Sulphur Fuel Oil and Marine Gas Oil and made its first deliveries at the […]
Seplat Energy Unveils Ambitious $6 Billion Growth Plan and Potential NNPC Partnership
Seplat Energy Unveils Ambitious $6 Billion Growth Plan and Potential NNPC Partnership Nigerian energy company Seplat Energy has revealed plans for discussions with the Nigerian National Petroleum Company Limited (NNPC) regarding the possible sale of a 10% interest in the NNPC/SEPNU Joint Venture, which would result in SEPNU holding a 30% stake and NNPC 70%, […]
Canadian Firm Oregen Energy Expands Position in Namibia’s Hot Orange Basin
Canadian Firm Oregen Energy Expands Position in Namibia’s Hot Orange Basin Canadian investment firm Oregen Energy has significantly expanded its stake in Namibia’s emerging Orange Basin, increasing its ownership in WestOil Limited to 48.5% and securing a 33.95% indirect working interest in Block 2712A, a 5,484 square kilometer license in the basin’s core. The strategic […]
BREAKING: Israel Strikes Massive $610 Million Gas Pipeline Deal to Supercharge Egypt Exports
BREAKING: Israel Strikes Massive $610 Million Gas Pipeline Deal to Supercharge Egypt Exports US energy giant Chevron and its partners in the Leviathan reservoir have signed a landmark $610 million deal with Israel Natural Gas Lines for a new 65-kilometer pipeline that will dramatically boost natural gas exports to Egypt. The engineering, procurement, and construction […]
Mozambique’s $20 Billion LNG Project Set for Major Restart After Years of Delays
Mozambique’s $20 Billion LNG Project Set for Major Restart After Years of Delays India’s state-run Oil India Ltd expects the $20-billion TotalEnergies-operated Mozambique liquefied natural gas project to restart development by the end of this year, following years of suspension due to security concerns. The massive project, which was halted in 2021 after TotalEnergies imposed […]