TotalEnergies hands OLO Trust to Aradel
TotalEnergies has officially transferred the OLO Oilfield Host Community Development Trust to Aradel Holdings, marking a significant step in the implementation of the Petroleum Industry Act in Nigeria.
NUPRC supervises oilfield community fund transfer
The Nigerian Upstream Petroleum Regulatory Commission has overseen the transfer of the OLO Oilfield Host Community Development Trust from TotalEnergies to Aradel Holdings, aimed at ensuring continued support for host communities under new operational management.
NNPC: Nigerian National Plundering Corporation
The article critiques the Nigerian National Petroleum Corporation (NNPC) by drawing an analogy with the dairy industry and highlighting issues of mismanagement and inefficiency.
Nigeria: Court Hears Recording of Diezani Alison-Madueke's Heated Exchanges With Oil Contractors Who Bribed Her
The UK Southwark Crown Court has heard audio recordings of former Nigerian petroleum minister Diezani Alison-Madueke allegedly confronting oil tycoons over bribery accusations during her trial.
Nigeria: When the President Makes the Law - Executive Order 9, the PIA, and the Question of Who Can Stop It
The article discusses President Bola Tinubu's Executive Order No. 9, which undermines the Petroleum Industry Act by allowing direct revenue remittance from the NNPCL to the Federation Account, raising constitutional crisis questions regarding executive power in Nigeria.
NUPRC courts global investors with PIA reforms, 2025 licensing round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is inviting global investors to participate in Nigeria's upcoming 2025 oil and gas licensing round, emphasizing the investor-friendly changes brought by the Petroleum Industry Act (PIA).
South Africa: SA Untapped Mineral Potential Still 'Significant'
South Africa's Deputy Minister of Mineral and Petroleum Resources asserts that the country's mining industry shows significant untapped mineral potential during the Investing in Africa Mining Indaba in Cape Town.
Energy Crisis in Cuba: Beach Clubs and Hotels Close Due to Lack of Oil
Cuba's energy crisis, exacerbated by U.S. petroleum shipment cuts, leads to the closure of beach clubs and hotels, impacting the tourism industry.
NUPRC targets lower oil, gas operating costs
The Nigerian Upstream Petroleum Regulatory Commission aims to reduce operating costs in the oil and gas industry by harmonizing regulatory fees and rents to attract more investment.
Billion Dividend in Kongsberg Group
Kongsberg Group is distributing 5 billion NOK in dividends to its owners after reporting a nearly 17 billion NOK net income last year.
Oil companies are seeking staff to work in Venezuela, these are the profiles required to recover the industry
Oil companies in Venezuela are looking to fill over 40 positions, including technical, operational, engineering, and strategic administrative roles, to revitalize the industry.