Global Markets: Oil Traders Said to Mull Nigerian Proposal to Prolong Fuels Swap

Global Markets: Oil Traders Said to Mull Nigerian Proposal to Prolong Fuels Swap

(Bloomberg) — At least five oil consortiums said they were considering a proposal from the state-run Nigeria National Petroleum Corp. to prolong a crude-for-fuels swap program until the middle of next year, people familiar with the matter said.

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Africa Oil & Gas: Ghana launches first oil and gas licensing round

Africa Oil & Gas: Ghana launches first oil and gas licensing round

President Akufo-Addo has launched Ghana’s first Oil and Gas Licensing Round at a ceremony in Accra attended by stakeholders in the Energy Industry. The move forms part of efforts by the Ministry of Energy to increase transparency in the Oil Industry.

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Industry vs Safety: At least 200 dead in Nigeria oil pipeline blast

Industry vs Safety: At least 200 dead in Nigeria oil pipeline blast

The number of casualties after an oil product pipeline explosion in Nigeria has reached 200, local media report, as people from local communities have gathered to protest the negligence of the Nigerian National Petroleum Corporation, which, they said, was the reason for the explosion.

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Mozambique Oil & Gas: Eni acquires exploration rights for Block A5-A Northern Zambezi basin

Mozambique Oil & Gas: Eni acquires exploration rights for Block A5-A Northern Zambezi basin

Eni has signed a contract for the exclusive exploration and development rights of the offshore Block A5-A, in the deep waters of the Northern Zambezi Basin, approx. 1,500 km to the northeast of the capital Maputo. With this acquisition, Eni further strengthens its presence in Mozambique, a country that has a strategic relevance for the company.

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Global Industry: OPEC Tells Members Not To Mention Oil Price To Avoid U.S. Legal Risk

Global Industry: OPEC Tells Members Not To Mention Oil Price To Avoid U.S. Legal Risk

OPEC has urged all its members not to mention specific oil prices, to instead stick to the ‘market stability’ narrative in public comments about oil policies to avoid the risk of potential U.S. antitrust lawsuits for manipulating the market if the United States passes a proposed legislation, Reuters reported on Wednesday, citing sources close to OPEC.

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