Latest Oil & Gas News Roundup For May 21 - May 28, 2023

We're glad you're here for the most recent Oil & Gas News collections, where we swiftly present the most interesting AllNews stories from the previous week.

South Africa Considering Using Coal To Solve Energy Crisis

South Africa, which is experiencing an energy crisis, is considering whether to prolong the operational life of two of its major coal-fired power plants in order to improve energy security.

Sources with knowledge of the plans indicate that the facilities Kendal and Lethabo, which make up around a fifth of the electricity capacity of the state-owned utility Eskom, may have their lifespan extended according to Bloomberg. Read more here.

Seplat Flow Stations In Delta Shut Down By Protesting Youths

In a show of defiance against what they claimed was the oil company's marginalisation, hundreds of men and women acting under the auspices of the Okpe Oil and Gas Forum shut down Seplat Energy Flow stations over the weekend throughout Sapele Local Government Area in Delta State.

The demonstrators, who were the oil company's hosts, said that the business doesn't care about their well-being and gave its native employees low-level jobs in contrast to others. Read more here.

Dangote Refinery: Six Key Impacts Of Landmark Project

President Muhammadu Buhari on Monday officially opened the Dangote Refinery in Ibeju-Lekki, Lagos, which will have a profound impact on Nigeria and the region.

This impact will include increased local refining capacity, job creation, economic growth, a decrease in reliance on imports, knowledge transfer, and improved regional energy security. Read more here.

NNPC Ltd, OML 130 Partners Finalise Lease Renewal Process

In order to increase the value of the asset for stakeholders, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Oil Mining Lease (OML) 130 Partners have completed the lease renewal procedure for OML 130.

According to the terms of the Petroleum Industry Act (PIA) 2021, The NNPC Limited stated on Thursday that the OML 130 Production Sharing Contract (PSC) had been renewed and that the area had been changed into a Petroleum Mining Lease (PML). Read more here.

Wadi-B, Borno State Oil Find: NNPCL Resumes Drilling

A recent announcement by the Nigerian National Petroleum Company Ltd (NNPCL) indicates it has resumed an oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State.

The drilling is to be resumed after the then NNPC stopped drilling in Wadi-B in 1995 for reasons of successes being weak and findings made during the period not being in commercial quantity. Read more here.

These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.