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Nigeria: NEITI Audit Uncovers N2.23 Trillion Lost, Unremitted Revenues By NNPC in 2013

The long-awaited Nigeria oil and gas as well as the solid minerals sectors 2013 audit reports by the Nigerian Extractive Industries Transparency Initiative, NEITI, was officially unveiled in Abuja on Monday.

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Tanzania Pipeline Deal Reflects Uganda’s Practical and Strategic Concerns

Plans for a 1,410-kilometre heated pipeline from Hoima in western Uganda to Tanzania’s deep water port at Tanga have been chosen to carry Uganda’s oil to international markets, over the initially favoured ‘northern route’ through Kenya

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Nigeria: Govt lacks resources to stop vandalism, oil theft – Economic Council

The ad-hoc Committee on Crude Oil Theft Prevention and Control of the National Economic Council, NEC, has revealed that government does not have adequate operational vessels to patrol and secure the network of pipelines in the Niger Delta.

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Europe, US increase demand for Nigerian crude

The premium of Nigeria’s Brass River crude to Dated Brent has jumped to its highest in almost a year as a result of increased demand due to recent tenders and the upcoming peak gasoline season in Europe and the US.

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Europe, US increase demand for Nigerian crude

 

The premium of Nigeria’s Brass River crude to Dated Brent has jumped to its highest in almost a year as a result of increased demand due to recent tenders and the upcoming peak gasoline season in Europe and the US.

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Nigerian oil revenues of $16bn 'missing'

 

Nigeria's state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit.

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Energy: Southern Africa Energy and Infrastructure Summit (SAEIS) will be held in Maputo, Mozambique 4-6th May 2016

 

MAPUTO, Mozambique, March 3, 2016/ -- Gigawatt Mozambique announced this week a $200-million investment into Mozambique’s power sector, alongside several global stakeholders including Standard Bank and the World Bank, amongst many others.

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Nigeria’s Buhari to discuss oil price stability with Saudi king – Presidency

 

Nigerian President Muhammadu Buhari will fly to Saudi Arabia to discuss with King Salman ways to stabilize crude oil prices, the presidency said in a statement on Sunday.

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EFCC arrests Diezani’s husband Alison Madueke

 

18 February 2016, Abuja – Retired Rear Admiral Alison Amaechina Madueke, the husband of Nigeria’s embattled former Petroleum Minister, Diezani Alison-Madueke, was arrested Wednesday by the Economic and Financial Crimes Commission (EFCC).

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Crude oil price drops below $35 for first time since 2004

 

The prices of crude oil wednesday fell below $35 per barrel for the first time since 2004, tumbling more than five per cent as the row between Saudi Arabia and Iran made any cooperation between major exporters on cutting crude oil supply to the international market more unlikely.

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Dangote to construct 500 Mw power plant for Kano, Katsina, others

 

29 November 2015, Abuja –President, Dangote Group of Companies, Alhaji Aliko Dangote has pledged to construct a 500 megawatt power plant for Kano, Katsina, Jigawa and Kaduna states.

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World Bank grants TCN N5.9bn loan to study Nigeria’s electricity demand

 

The Transmission Company of Nigeria (TCN) on Wednesday said it has secured a $30 million (about N5.977 billion) grant from the World Bank to study the nature of electricity load demand and energy mix in Nigeria.

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Tullow comes up dry with Kenya well

 

19 November 2015, News Wires – Africa-focused independent explorer Tullow Oil reported that the Emesek-1 exploration well in the North Lokichar basin, northern Kenya, has failed to find commercial hydrocarbons.

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