Libya’s Oil Exports Are Set To Fall Even Further
Libya is set to export even less crude oil in July than it did in June, while its state oil firm continues negotiations to end the blockade that has been Continue Reading
Militants Kill 8 Subcontractors On Total’s LNG Project In Mozambique
Gunmen have recently killed eight workers from a firm subcontracted by France’s Total to work on its $20-billion liquefied natural gas (LNG) project in Mozambique, the subcontractor company said on Continue Reading
Pirates Attack FPSO and Kidnap 9
The Sendje Berge FPSO was attacked by pirates offshore Nigeria on July 2. BW Offshore has revealed that its FPSO Sendje Berge was attacked by pirates offshore Nigeria on July Continue Reading
Libya’s Oil Exports Set to Drop This Month as Blockade Continues
Libya will export two oil cargoes totaling 1.2 million barrels in July — a third less than in June — as forces opposed to the Tripoli-based government continue to block Continue Reading
Who Will Get Full Control Of Libya’s Oil Riches?
We are now at a crossroads in Libya where a military solution is temporarily off the table, as factions and their external allies wrangle over oil revenues–the distribution of which Continue Reading
UK calls for end of oil blockade in Libya, reaffirms support for energy producer NOC
The UK has called for an end to the oil blockade in Libya and reaffirmed its support for state-owned oil producer National Oil Corp. as the only independent entity in Continue Reading
Africa: Pump or Dump? With Oil in Decline, Africa Ponders Its Energy Future
As COVID-19 bashes economies and demand for oil plummets, is this a moment to think green – or pump faster? As the COVID-19 pandemic bashes economies and demand for oil, Continue Reading
South Africa News: New Total Oil Rig Coming for Wildcat Drilling –
Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Continue Reading
Angola Unwilling To Compensate For Loose Compliance With OPEC+ Deal
Angola is not too keen to compensate for its loose compliance with the OPEC+ cuts by making deeper production cuts in Q3, Reuters reported on Thursday, citing sources in the Continue Reading
Libya’s NOC gearing up output reboot as talks continue
Highlights Force majeure clause still in place at key oil terminals Talks to restart production ongoing, revenue mechanism still being decided One tanker on way to load crude from Es Continue Reading
Covid-19 Is Crushing This African Oil Exporter
Stuck midway in reforming its energy sector by chopping down unnecessary assets and optimizing the national NOC’s role vis-à-vis the government, Angola has endured a lot of strain in the Continue Reading
Saudi Arabia Discusses Progress Of OPEC+ Deal With Nigeria
Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in a phone call, the Saudi Continue Reading
Libya’s Oil Blockade Could Soon Come To An End
The leaders of groups affiliated with the Libyan National Army have offered to lift a blockade on oil export terminals that started in January and has so far cost the Continue Reading
Russia Reinforces Foothold in Libya as Militia Leader Retreats
Russia is sending reinforcements to Libya to help military leader Khalifa Haftar, who is on the defensive after a failed effort to topple the country’s United Nations-backed government, as Moscow Continue Reading
Nigeria: As Oil Pollution Continues…
Government is not sincere about the much-touted clean-up of Ogoni land and beyond. The recent statement by the National Oil Spill Detection and Response Agency (NOSDRA) Director-General, Idris Musa that an Continue Reading
Libya’s Agoco to Resume Oil Output From Eastern Messla Field
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 Continue Reading
Russia’s Putin, France’s Macron call for Libya ceasefire: Kremlin
Russian President Vladimir Putin and French counterpart Emmanuel Macron called on Friday for a ceasefire in Libya and a return to dialogue, the Kremlin said in a statement following a Continue Reading
Foreign powers preventing Libya from restarting oil output: NOC’s Sanalla
The head of Libya’s state-owned oil company has called out foreign powers for meddling in the country’s oil sector, accusing them of preventing the North African producer from restarting production. Continue Reading
Russian Mercenaries Block Output Restart At Libya’s Largest Oilfield
Russian and other foreign mercenaries entered the Sharara oilfield on Thursday evening to prevent the resumption of oil production at the largest Libyan oilfield. Early this month, NOC resumed production Continue Reading
Egypt, Ethiopia and Sudan to agree Nile dam deal in weeks
Egypt, Ethiopia, and Sudan will agree on a deal to fill the giant Blue Nile dam in two to three weeks, following mediation by the African Union to broker a Continue Reading
Who Will Win The Ultimate War For Libya’s Oil?
Turkey scored a significant geopolitical win when the GNA successfully pushed Haftar out of Tripoli in early June. Now, the battle for Libya’s oil is focusing on Sirte, with Egypt Continue Reading
Egypt threatens military action in Libya if Turkish-backed forces seize Sirte
Egypt’s leader Abdel Fattah al-Sisi has threatened to intervene militarily in neighbouring Libya if Turkish-backed forces capture Sirte, a strategic port and gateway to important oil terminals. The warning adds Continue Reading
Oil Rigs in Africa: Chart Shows Reduction in Numbers
Low oil prices are forcing drillers to dramatically curtail risky exploration, especially in frontier regions such as Africa. The reality of crude’s slump fully hit the continent in May as Continue Reading
Ethiopia Dam News: Tussle With Egypt Over Nile River Falter
A last-ditch attempt to resolve a decade-long dispute between Egypt and Ethiopia over a huge new hydropower dam on the Nile has failed, raising the stakes in what – for Continue Reading
Clean-Up of Oil Spills in Nigeria Lacks Progress, Groups Say
Nigeria and Royal Dutch Shell Plc have failed to implement most recommendations made by the United Nations to clean up oil pollution in the Niger River delta, according to a Continue Reading
Nigeria: Three Refineries Gulped N1.6trillion in Cumulative Losses in 5 Years, Says NNPC Audit Report
Oil refinery (file photo). Three of Nigeria’s four refineries gulped N1.64 trillion in cumulative losses recorded in their operations since 2014, details from the first-ever audited accounts and financial statements Continue Reading
Coronavirus Accelerates Across Africa
When Daniel Khan Mbuh died in a hospital in northern Cameroon, the hospital declared the cause of death to be Covid-19 — then released the body to the family instead Continue Reading
Talks on $4.6 Billion Ethiopia Dam Poised to Restart
Egypt, Sudan and Ethiopia on Sunday said talks would continue later this week to resolve their dispute over a Nile dam Ethiopia is constructing, even as Cairo accused Addis Ababa Continue Reading
The War For Libya’s Oil
Last week, the Turks were still celebrating a presumed victory in Libya after General Haftar lost territory in and around Tripoli and the National Oil Company (NOC) went as far Continue Reading
U.S. looking into reports of Haftar’s oil dealings with Venezuela
The United States is investigating and trying to get to the bottom of reports that Libya’s eastern-based commander Khalifa Haftar’s plane was in the Venezuelan capital Caracas last week, a Continue Reading
Another Major Oilfield Goes Offline As Libya’s Civil War Escalates
The El Feel oilfield in Libya is shut down again, days after restarting production following months of blockade amid Libya’s civil war, engineers at the oilfield and the National Oil Continue Reading
Libya’s El Feel, Sharara oil fields shut again days after reopening
Highlights NOC confirms closure of two key Western oil fields Brief closure at Mellitah gas complex due to Italy, Greece maritime deal More oil and gas disruptions likely as civil Continue Reading
Libya’s Sharara oil field reopens after brief halt, situation remains volatile
Libya’s largest oil field reopened June 9 just a few hours after it had been shut by an armed group, underscoring the fragility of the country’s much-anticipated return to export Continue Reading
Libya’s Sharara oilfield declares force majeure after new shutdown
Libya’s National Oil Corporation (NOC) declared force majeure on exports from its Sharara oilfield on Tuesday, saying an armed group had shut production again just days after it had resumed. Continue Reading
Is This The World’s Next Oil Hotspot?
By the end of the second quarter of 2020, data from drill bits may tell us whether or not the world has found the next Eagle Ford, and it’s all Continue Reading
Egypt, Ethiopia, Sudan resume talks on Blue Nile dam
Sudan, Egypt and Ethiopia on Tuesday resumed talks on the giant Blue Nile hydropower dam after the failure of a U.S-led mediation effort earlier this year, a Sudanese official said. Continue Reading
Two Top Libyan Oilfields to Export Again After Five-Month Halt
LISTEN TO ARTICLE 2:27 SHARE THIS ARTICLE Share Tweet Post Email Libya is to export crude produced at two of its largest oilfields again after they had been halted for Continue Reading
Erdogan says he and Trump agreed ‘some issues’ on Libya
Turkish President Tayyip Erdogan said he discussed the conflict in Libya with U.S. President Donald Trump in a phone call on Monday and that the two leaders agreed on “some Continue Reading
Libya restarts 300,000 b/d Sharara oil field after months of shut-in
Libya’s largest oil field Sharara restarted production this weekend, after the 300,000 b/d site was shut-in for almost five months due to an oil blockade, stateowned National Oil Corp. said Continue Reading
Exclusive: Russian hiring of Syrians to fight in Libya accelerated in May
A Russian drive to recruit Syrians to fight in Libya for militia leader Khalifa Haftar accelerated in May when hundreds of mercenaries were signed up, five Syrian opposition sources and Continue Reading
Nigeria Oil Quota in OPEC+: Latest Details
Nigeria said it reaffirms its commitment to the OPEC+ deal struck on Saturday and “subscribes to the concept of compensation” from members pumping above their quota. “We are in full Continue Reading
Pro-government forces in Libya seize warlord’s last western stronghold
Forces of Libya’s U.N.-backed government seized control of the last remaining western stronghold of militia commander Khalifa Hifter on Friday, dealing a major setback to his ambitions to wrest control Continue Reading
The End Of Libya’s Civil War Is In Sight
As of Thursday, Libya’s Government of National Accord (GNA) was celebrating in the streets after claiming to have taken full control of Tripoli from General Haftar and his Libyan National Continue Reading
Oil Price Collapse Could Strain Nigeria’s Federal System
The collapse in international oil prices, having dealt a devastating blow to Nigeria’s finances, now threatens the West African nation’s shaky federal political system. Earnings from crude sales will plunge 80% Continue Reading
Angola Cuts Oil-For-Debt Exports To China
Angola is reducing oil shipments to China with which it pays part of its debt to its biggest creditor as the African OPEC member looks for debt relief from its Continue Reading
Libya’s Tripoli government seizes last LNA stronghold near capital
TRIPOLI (Reuters) – Forces loyal to Libya’s internationally recognised government captured the last major stronghold of eastern commander Khalifa Haftar near Tripoli on Friday, capping the sudden collapse of his Continue Reading
Libya’s government retakes Tripoli airport ahead of possible truce talks
Libya’s internationally recognized government recaptured Tripoli’s main airport on Wednesday, all but driving an eastern commander’s forces from the capital ahead of what appeared to be moves towards talks on Continue Reading
Libyan Warlord’s Oil Foray Draws U.S., U.N. Scrutiny
The U.S. and other powers are investigating suspected efforts by Libyan militia leader Khalifa Haftar to raise funds through oil deals, including with Emirati brokers and Venezuela, according to U.S., Continue Reading
Virus has been ‘very devastating’ for many African airlines
A “new baby” was born with the revival of Uganda Airlines, the country’s president announced last year. But now its four new jets sit idle, business suspended indefinitely because of Continue Reading
Nigeria Loses N160bn to Opec Production Cut
Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by members of the Organisation of Petroleum Exporting Countries Continue Reading