Shell Resumes Oil Flows From Key Nigerian Terminal
Oil flows from the Forcados terminal in Nigeria has been restarted following a months-long pause. Shell, the operator of the terminal, halted exports in mid-July due to a leak in Continue Reading
Nigeria: Relief As Shell Resumes Crude Oil Export At 400,000bpd Forcados Terminal
Hope for the addition of 500,000 barrels per day (bpd) of crude oil to Nigeria’s daily output by the end of November to earn more revenue to finance the 2023 Continue Reading
Catastrophic Flooding in Nigeria Uproots Millions and Severs Gas Production
Flooding across Nigeria has hobbled gas production and decimated thousands of square kilometers of farmland, the country’s government said Wednesday, aggravating fuel and food shortages across Africa’s most populous nation Continue Reading
Nigerian Authorities Hopeful After Massive Oil Theft Busts
The Nigerian National Petroleum Corporation says that weeks of an intense crackdown on oil thieves have significantly reduced the scale of oil theft in the oil-rich Niger Delta and that Continue Reading
Nigeria LNG outage threatens Europe, traders with higher costs
European countries and gas traders are reeling from the latest LNG supply shock – a force majeure from Nigeria LNG – that threatens nearly 4% of global supply and further Continue Reading
Nigeria LNG Declares Force Majeure After Flooding
A ship loads liquefied natural gas from the Nigerian LNG plant on Bonny Island, Nigeria. Nigeria LNG Ltd. declared force majeure on shipments from its Bonny Island liquefied natural gas Continue Reading
Nigeria flooding kills more than 600 people and displaces 1.3mn
More than 600 people have died and 1.3mn have been displaced from their homes in flooding that has hit 33 of Nigeria’s 36 states and the capital Abuja, government officials Continue Reading
Nigeria: Oil Theft – Tompolo Uncovers Another Illegal Pipeline in Delta
The latest discovery comes less than one week after at least 58 illegal oil pipelines were discovered by Tompolo in Delta and Bayelsa States where crude oil was being stolen. Continue Reading
Egypt’s Answer to a Rising Dollar Puts Everyday Items Out of Reach
Related Video: The dollar is getting stronger. While that may sound like something to be happy about, a runup in the value of the dollar can ripple through the economy Continue Reading
Nigeria: Army, Navy, Police Among Oil Thieves, Own Refining Camps
In the past few months, the Federal Government, which had lived in denial of the actual reason for the razor-sharp increase in oil bunkering, popularly known as kpofire, in the Continue Reading
Nigeria’s Oil Production to Get Boost As Shell Resumes Export At 400,000bpd Forcados Terminal Month End
After months of under-production and heavy dip in foreign exchange earnings from oil export due to crude theft and vandalism, Nigeria’s oil production is set to rise again as Shell Continue Reading
Nigeria: Oil Theft – Oil Thieves, Security Officials, Communities Collude to Steal Crude – Wunti, NAPIMS GGM
GROUP General Manager, GGM, National Petroleum Investment Management Services, NAPIMS, Bala Wunti, has said there is close collaboration among oil bunkerers, security officials, communities, and others in breaching the nation’s Continue Reading
The World’s Longest Offshore Gas Pipeline Could Get The Green Light Next Year
Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from Nigeria to Morocco and onto Continue Reading
Nigeria: How Illegal Export Line Connecting High Sea Was Undetected for Nine Years – NNPC
In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline connecting directly to Continue Reading
Nigeria: Oil Theft – NNPC Says Illegal Pipeline Operated Off Forcados for Nine Years
The Forcados terminal is operated by Shell. A spokesperson for the company could not be reached as the known phone line did not connect. The Nigerian National Petroleum Company (NNPC) Continue Reading
Nigeria: Fuel Scarcity – Lokoja Flood Cuts Off Tankers Supplying Abuja, Others
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the current petrol scarcity in Abuja and other states in the North is caused by flooding in Lokoja, Continue Reading
Nigerian oil export terminal had theft line into sea for 9 years
Officials in Nigeria discovered an illegal connection line from one of its major oil export terminals into the sea that had been operating undetected for nine years, the head of Continue Reading
Power Cuts Drive South African Factory Activity to 14-Month Low
Purchasing managers’ index fell to 48.2 in September from 52.1 Index tracking expected business conditions suggests more pain Employees work at a sewing machine, powered by a generator, during a Continue Reading
China Tightens Lending Taps, Leaving African Markets Vulnerable
s Developing countries in Africa are losing a champion that for years allowed them to borrow at cheaper rates than they could find in capital markets. China, Africa’s largest bilateral Continue Reading
Analysis: Nigeria squanders oil price bonanza as gasoline subsidies soar
Nigeria has failed to capitalize on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. Data from Continue Reading
Nigeria suffers widespread blackouts after electricity grid fails
Nigeria’s national electricity grid collapsed on Monday leaving many parts of the country without power, electricity distribution companies said. The grid has collapsed at least four times this year, which Continue Reading
Nigeria’s fuel subsidies surpassed $1 billion in August as it supplied more petrol
The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent this year to 2.568 trillion naira, according to figures submitted to Continue Reading
Nigeria Is Producing Less and Less Oil. Here’s Why
Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation Continue Reading
Libya’s Oil Output Inches Higher Despite Political Tensions
Libya’s oil production rose by 3,000 barrels per day (bpd) to 1.186 million bpd on Thursday, according to the National Oil Corporation (NOC), as the African OPEC member exempted from Continue Reading
Nigeria: Robust Security Infrastructure Will Tackle Oil Theft, Says Expert
In view of the massive vandalism and rising cases of oil theft in Nigeria’s oil producing region, the Director of Operations, PPC Limited, Dr. Patrick Ede, has advised the federal Continue Reading
Nigeria: Crude Oil Theft May Crash Economy, Lawan Warns
Senate President Ahmad Lawan has warned that unless prompt action is taken, crude oil theft may stagnate the economy and drive it into a coma. Lawan said this Tuesday in Continue Reading
South African power cuts grow, total blackout not imminent, utility chief says
South African power utility Eskom implemented Stage 6 power cuts early on Sunday morning, its worst level touched for the second time this year although a “total blackout” was not Continue Reading
Nigeria: Shell Moves to Resume Trans Niger Pipeline Test
Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP). Vanguard gathered that TNP takes crude from Continue Reading
Nigeria: What the Nigeria-Morocco Gas Pipeline Project Will Do for Africa – Mele Kyari
The Nigeria-Morocco Gas Pipeline Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco. The Group Chief Executive Officer of the Nigerian National Petroleum Company Continue Reading
S.Africa’s Eskom moves to Stage 5 loadshedding until Monday morning
South African power utility Eskom said power outages will be ratcheted up a notch to ‘Stage 5’ from 1000 a.m. (0800 GMT) local on Saturday until 0500 a.m. on Monday Continue Reading
U.S. climate envoy Kerry cautions against long-term gas projects in Africa
U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with Continue Reading
U.S. Climate Chief Calls On Africa To Slash Emissions
Africa, which is home to many of the most climate-vulnerable countries, needs to make its fair share of efforts to reduce global emissions and curb temperature rise, the U.S. Special Continue Reading
Nigeria: The Economist – Nigeria Missing Out On Rare Global Oil Boom Opportunity
Nigeria has continued to waste the rare opportunity presented by the global rise in oil prices to grow its economy like other oil-producing countries, London-based The Economist has stated. While Continue Reading
South Africa Suffers 100th Day of Power Blackouts This Year
South Africa’s state-owned power utility has implemented power cuts on 100 days in 2022, with more to come. Eskom Holdings SOC Ltd. ramped up outages to so-called stage-4 load shedding, Continue Reading
Nigeria Loses Africa’s Top Oil Producer Spot to Angola
Oil rigs Abuja, Nigeria — Nigeria has lost its position as Africa’s top oil producer to Angola, industry insiders say, and could soon become third after Libya. Oil analysts say Continue Reading
South Africa could take a year or more to end power cuts, Eskom official says
South African government plans to end recurring power cuts could take at least a year to deliver results, a top executive at struggling utility Eskom said on Monday. Africa’s most Continue Reading
Nigeria’s Oil Industry Headwinds Worsen, Production Drops to Record Low, 972,394
Nigeria’s oil sector challenges appear to be worsening, with production hitting a record low of 972,394 barrels per day in August, according to data obtained from the Nigerian Upstream Petroleum Continue Reading
In a Power Crisis, South Africans Adjust to Life in the Dark
Blackouts, long a problem in South Africa, reached a new level of crisis in recent months, affecting every facet of life. South Africans call it “loadshedding.” The state-owned power supplier, Continue Reading
Nigeria: How Broke Nigeria Lost U.S.$10 Billion to Crude Oil Theft in Seven Months
Oil theft Between January and July, Nigeria, Africa’s biggest oil producer, lost an average of 437,000 barrels of oil a day to criminals. Last week, the Group Managing Director of Continue Reading
Eni buys BP’s business in Algeria to secure more African gas
Italian energy group Eni (ENI.MI) said on Wednesday it had agreed to acquire BP’s (BP.L) business in Algeria, including two major gas fields. Eni said it would take BP’s stakes Continue Reading
Renewed Clashes In Tripoli Threaten Libyan Oil Production
Renewed clashes broke out over the weekend in oil-rich Libya’s capital as militia forces aligned with the Government of National Unity (GNU) moved to ensure continued control after a failed Continue Reading
Nigeria’s Massive Oil Theft Scandal and Lack of Enlightened Self-Interest
Oil theft We call on the Buhari administration to create as much of a legacy as is still possible, in the next couple of decisive months in which it remains Continue Reading
95% Of Production At Nigeria’s Main Oil Hub Is Being Stolen
Oil and oil product theft has become an existential threat to Nigeria. NNPC Group CEO Kyari: 95% of crude oil output at Bonny hub is lost to theft. Stolen crude Continue Reading
One of World’s Most Polluted Spots Gets Worse as $1 Billion Cleanup Drags On
A Hyprep remediation site in Eleme, near Port Harcourt, in 2019. Mismanagement, waste and lack of transparency are making the cleanup in the Niger Delta’s Ogoniland anything but exemplary, UN Continue Reading
Nigeria: NNPC in ‘Locked Pact’ to Supply Dangote Refinery Crude Oil for 20 Years
Oil refinery The agreement will help Nigeria side-step the likely crude oil glut that will follow as more countries move away to cleaner energy. The Nigerian government says it has Continue Reading
Tripoli calm, Libya riven after worst fighting in years
Charred cars and buildings pockmarked by bullets scarred Libya’s capital on Sunday, the day after intense fighting killed 32 people yet appeared to leave the Tripoli government more firmly entrenched. Continue Reading
Violent Clashes in Libya Reignite Fears of Civil War
Deadly clashes in Tripoli, Libya, erupted over the weekend between armed groups loyal to rival political leaders. The oil-rich nation has been racked with violence since 2011. Photo: Hazem Ahmed/Reuters Continue Reading
Nigeria Pays Part of Airline Dues Amid Flight Suspension Threats
Nigeria released some funds owed to international air carriers to try and avert a crisis in the aviation sector amid warnings of flight suspensions from operators including Dubai’s Emirates Airline. Continue Reading
Shootouts and blasts erupt in Libyan capital
Intense fighting erupted in the Libyan capital overnight and lasted into Saturday morning, with rival factions exchanging heavy gunfire and the sounds of several loud blasts ricocheting around the city. Continue Reading
Exxon, Shell, Chevron end lawsuits against Nigeria’s state-owned oil company
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria’s state-owned oil company, after reaching new deepwater oil production Continue Reading