Ogoni demands state creation as precondition for oil exploration

Mkpoikana Udoma Port Harcourt — The people of Ogoni under the aegis of the Movement for the Survival of the Ogoni People, MOSOP, have pushed for the creation of Bori State as the primary demand for the negotiation of oil resumption in Ogoniland. This was the resolution reached at its 2019 general congress held at … More »

Yinka Folawiyo’s Aje field encounters financial setbacks

*Gas project to cost $250m, no longer priority OpeOluwani Akintayo Lagos — Folawiyo’s operated Aje Field in Oil Mining Lease, OML 113 offshore Nigeria, and his partners are currently finding it difficult to pull through the running and development of the project, SweetcrudeReports has learned. The field is operated by Yinka Folawiyo Petroleum. Other members … More »

African financial institutions promoting integration & economic growth

Nairobi — Aspiration 7 of Africa’s Agenda 2063 envisions “Africa as a strong, united, resilient and influential global player and partner” with a significant role in world affairs. To achieve this Aspiration, the Agenda 2063 framework identifies the need for Africa to improve its partnerships and refocus them more strategically to respond to African priorities … More »

NNPC to partner major oil marketers on stable fuel supply

Ike Amos Abuja — The Nigerian National Petroleum Corporation, NNPC, Sunday, said it will continue to strengthen its partnership with Major Marketers Association of Nigeria, MOMAN, to ensure a seamless supply of petroleum products across the country. In a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, said the corporation, as … More »

Omani oil minister sees prices staying in $65-$75 range until year-end

Dubai — Omani Energy Minister Mohammed bin Hamad al-Rumhy said he expected global oil prices to stay in a range between $65 and $75 a barrel until the end of the year, the state-run Oman News Agency (ONA) reported on Saturday. He was also quoted as saying Oman remained committed to the OPEC+ agreement until … More »

Russia’s Inter RAO seeks gas turbines deal with GE by October

Krasnoyarsk, Russia — The chief executive of Russia’s Inter RAO said on Saturday the energy holding hoped to reach a deal with General Electric Co by October to produce powerful gas turbines in Russia, either as a joint venture or by buying a license from GE. Russia, which does not currently produce mid- or high-power … More »

Brazil’s Petrobras to take part in Israeli gas tender – Israeli minister

Jerusalem — Brazilian state-run oil firm Petrobras will take part in Israel’s latest tender for offshore oil and gas exploration, Israel’s energy minister said on Sunday. Yuval Steinitz announced the agreement as Brazilian President Jair Bolsonaro began a four-day visit to Israel. Bolsonaro was joined in Israel by his Energy Minister Bento Albuquerque, with whom … More »