Fuel prices in Zimbabwe adjusted to ruling exchange rate

Jul 5, 2020

The overnight doubling in fuel prices is a direct result of the setting of a new official exchange rate reflecting the actual market value of a US dollar, bringing Zimbabwean fuel prices into line with regional norms and ending the quasi-fiscal subsidy from the Reserve Bank of Zimbabwe (RBZ) using an obsolete exchange rate. Energy…

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Libya’s Agoco set to resume oil output from eastern Messla field

Jul 5, 2020

Libya’s Arabian Gulf Oil Co. will restart production at the eastern field of Messla this week, according to a person familiar with the matter. Agoco, as the company is known, will start pumping around 10,000 barrels of crude a day, said the person, who asked not to be identified because he’s not authorized to speak…

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Tanzania’s EWURA sets slight fuel price increase

Jul 5, 2020

CONSUMERS will have to pay more for fuel this month as retail and wholesale cap prices have risen by an average of 11 percent and 12 percent respectively, as compared to prices for June. The Energy and Water Utilities Regulatory Authority (EWURA), announced through a statement issued on Tuesday that petrol and diesel retail indicative…

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Angola Onshore Bid Round 2020 – Lower Congo Basin 2D seismic data availability

Jul 5, 2020

With reference to the recent announcement by the National Agency of Petroleum, Gas and Biofuels (ANPG) that the Data Packages for blocks for oil exploration in the Terrestrial Basin of the Lower Congo were now available (CON1, CON5 and CON6), GeoPartners, in association with Trois Geoconsulting and DDMS, has announced the availability of existing 2D…

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Gambian Government says it has not increased prices of fuel

Jul 4, 2020

The Ministry of Finance said on Wednesday the prices of fuel are still in effect and will continue to be the actual prices for the month of July, 2020 even though most countries are raising the prices of petrol and diesel as a post covid-19 strategy to cover-up losses from the pandemic. See below the…

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Sonatrach reduces expenditure by 50% without affecting production activity

Jul 4, 2020

National hydrocarbon company Sonatrach has reduced by 50% its expenditure and re-examined its investment plan in the last few months, following the government’s instructions, said Wednesday, in Algiers, the company’s CEO Toufik Hakkar. In a press briefing on the sidelines of the signing ceremony of several cooperation agreements with Italian energy company ENI, Hakkar said,…

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Transglobe Energy announces operations update in Egypt

Jul 4, 2020

TransGlobe Energy has announce an operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production has averaged 14,447 Boepd in Q2 2020 to date (April 14,378 Boepd, May 14,334 Boepd and June 1 to June 19 14,740 Boepd) versus 14,997 Boepd in Q1 2020; Production guidance for 2020 remains unchanged at…

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Solo Oil continues work with Aminex on Ntorya gas field in Tanzania

Jul 3, 2020

Solo Oil has received confirmation from the operator Ndovu Resources Limited that the Mtwara Exploration Licence has been formally extended by the Ministry of Energy of Tanzania. The Mtwara Exploration Licence sits within the Ruvuma PSA and contains the Ntorya gas field. It is noted that receiving this extension was one of the last remaining…

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Most of Ghana’s gas has been stranded

Jul 3, 2020

More than half of natural gas produced in Ghana in 2019 has had to be reinjected for lack of availability of off takers, the country’s annual petroleum industry report has indicated. “In spite of the fact that Ghana National Gas Company(GNGC), managed to bring on stream new off takers during the reporting period, namely Amandi…

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Angolan crude differentials steady despite slow Chinese buying

Jul 3, 2020

Port congestion and abundant stocks have dampened Chinese buying, but Angolan price differentials remain steady as refiners switch towards sweeter crude grades amid scarcity and high prices for sour alternatives. * Chinese state and independent refiners continue to hold off on buying as the backlog lingers, traders said. * Chinese ports are struggling to unload…

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