The Need To Flare Up Aggressively

The Federal Government of Nigeria should assert more aggressive strategies in its fight on zero-gas flaring, according to a gas expert, Fisoye Delano, the CEO of Delphi Ventra Group USA and former Managing Director of Nigerian Petroleum Development Company (NPDC).  Read more here: http://www.tribuneonlineng.com/govt-get-aggressive-zero-gas-flaring-expert/

The Sun Rises In South Africa

An open-access liquefied petroleum gas (LPG) import and storage terminal, touted as the largest in Africa, that would boost regional energy security and increase downstream competition as well as strengthen the oil and gas sector in South Africa has been established in Saldanha Bay by Sunrise Energy, a South Africa-based energy infrastructure company. Read more here: http://www.oilreviewafrica.com/gas/gas/south-african-sunrise-energy-establishes-lpg-terminal-to-advance-oil-and-gas-sector

We Did Not Come Here To Play

To maximize the opportunities brought about by the advent of the Uganda-Tanzania crude pipeline, stakeholders in the oil and gas sector in Tanzania that includes Permanent Secretaries representing Energy & Minerals, Planning and Finance, Industry, Trade and Investment, Works, Transport and Communications and Foreign Affairs will meet with private sector players including Total, GE Oil & Gas, Pietro Fiorentini, Stanbic Bank, ENH Mozambique and WiA Group next month, September, to discuss extensively. Read more here: https://exchange.co.tz/media-partnership-tanzania-oil-gas-congress/

Expensive And Winning

According to a recent report released by the Chamber of Bulk Oil Distributors (CBOD), three top Oil Marketing Companies (OMC) in Ghana - Goil, Vivo-Energy Shell, and Total - sold their fuel at higher prices as compared to other OMCs in the country and still increased their market shares from 43.28% in 2016 to 45.09% in 2017. This was made possible by consumer purchase decisions, the direct result of ‘quality of service.’ Read more here: http://citifmonline.com/2017/08/23/most-expensive-fuel-prices-goil-vivo-energy-total-top-list-report/

Re-drafting The Year 2018

A joint committee, comprising of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), the Ganoub El Wadi Petroleum Holding Company, and a global consultant was recently formed by the Ministry of Petroleum in Egypt to re-draft the petroleum agreements and to add incentive terms for foreign investors in the petroleum sector and to review the similar petroleum agreements in other countries and develop new formats by the end of 2018. Read more here: http://www.menafn.com/1095761637/Egypt--Petroleum-Ministry-to-re-draft-contracting-forms-by-end-of-2018

Kenya Seeking Tonnes

A tender document that closes on Aug 24 and is valid until Aug 25 has shown that Kenya oil importers are seeking over 460,000 tonnes of oil products for delivery between October and early November. Read more here: http://timesofindia.indiatimes.com/business/international-business/kenya-oil-importers-seek-over-460000-t-of-oil-products-for-oct-nov/articleshow/60189355.cms

P.I.G.B, Power To Investors!

The petroleum industry in Nigeria, according to the Minister of State for Petroleum Resources, accounts for more than 80% of the nations’ foreign exchange revenues, therefore the need for the Petroleum Industry Governance Bill (PIGB) that would aid accountability and transparency in the oil and gas sector that would in turn ensure that the Federal Government and investors got accurate returns on investment. Read more here: https://guardian.ng/energy/pigb-will-lead-to-transparency-accountability-in-oil-sector/

And Your Best Price Is?

The persuasion of the industrial as well as the transport sectors to switch from the existing fuel sources to liquefied natural gas (LNG) in South Africa will be dependent on government policy on pricing. Read more here: https://www.businesslive.co.za/bd/business-and-economy/2017-08-23-liquefied-natural-gas-uptake-in-sa-will-rely-on-price/