Freight premiums for Aframax and Suezmax tankers loading from Libya have subsided as the North African producer has once again emerged as the main export hub in the Mediterranean crude Continue Reading
About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine Continue Reading
About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine Continue Reading
Fuel pump. Many filling stations in Abuja, Lagos, and other cities did not open for business. Nigerians were at the weekend thrown into confusion as fuel scarcity hit Lagos, Abuja, Continue Reading
The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya today, shows the heavy toll of a slump in oil-industry Continue Reading
Oil theft Nigeria has been advised to review its maritime security rules and enlist the support of private security companies to tackle rampant piracy on its waters. A report published Continue Reading
Nigeria is losing an average of 200,000 b/d of its crude oil production to theft, state-owned Nigerian National Petroleum Corp. said Feb. 25, indicating a surge in pipeline sabotage in Continue Reading
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Some communities in the Niger Delta region and others have been forced to live with the tumultuous effects of gas flaring on their health and environment. Recently, hope beckoned with Continue Reading
Erik Prince, the private security executive and supporter of former U.S. President Donald Trump, “at the very least” helped evade an arms embargo on Libya, according to excerpts from a Continue Reading
Despite longstanding laws against gas flaring, the burning of natural gas during oil extraction has remained the major cause of mortality in the oil-rich Niger Delta region. ANAYO ONUKWUGHA writes Continue Reading
Two landmark rulings are a testament to decades of tireless campaigning by people in the Niger Delta and environmental activists. Like many who have witnessed the environmental impact of multinational Continue Reading
Fluttering flags and ornamental lights in red, white and green went up on buildings and lampposts around the Libyan capital, Tripoli, this month to mark the 10th anniversary of the Continue Reading
More than half of South Africans are likely to have been infected with Covid-19, the chief executive officer of the country’s biggest health insurer said. While about 48,000 deaths have been Continue Reading
With an estimated investment of $15billion, the Dangote Refinery and Petrochemical complex under construction in the Lekki Free Trade Zone, Lagos, is expected to be Africa’s biggest oil refinery upon Continue Reading
The Komati Power Station, due to be decommissioned in the next two years. Photographer: Waldo Swiegers/Bloomberg A photograph in the entrance hall at Komati Power Station shows the plant in Continue Reading
Nigerians can sue Shell in English courts for damage to communities caused by oil spills in the Niger Delta, the UK’s Supreme Court said on Friday, allowing the communities to Continue Reading
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and start production Continue Reading
Libya is in the middle of another production setback due to a halt in crude exports from the 230,000 b/d Marsa el-Hariga terminal, shipping and industry sources said Feb. 9. Continue Reading
A tanker had to leave Libya’s Hariga export terminal without oil after members of the Petroleum Facilities Guard stopped the vessel from loading crude amid an ongoing strike over delayed Continue Reading
South Africa will suspend use of AstraZeneca’s COVID-19 shot in its vaccination programme after data showed it gave minimal protection against mild to moderate infection caused by the country’s dominant Continue Reading
U.N. sponsored talks produced a new interim government for Libya on Friday aimed at resolving a decade of chaos, division and violence by holding national elections later this year. Libyan Continue Reading
Persistent issues with theft and sabotage in the Niger Delta could prompt Shell to take a hard look at its operations onshore Nigeria, the supermajor’s chief executive Ben van Beurden Continue Reading
A Nigerian judge issued an arrest warrant for the managing director of Exxon Mobil Corp’s local unit for failing to appear before the nation’s anti-graft agency investigating what it says is Continue Reading
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said asking the oil companies operating in the country to relocate to the Niger Delta without first addressing the Continue Reading
Libya’s strongman in the east, General Khalifa Haftar, is selling through illegal corporations oil pumped in areas in eastern Libya under the control of his forces, Turkish media reported on Continue Reading
Driving in Lagos is a unique experience. Your first time on the bustling, hawker-filled streets of Nigeria’s biggest city will be like no other. The chaotic sounds of horns will Continue Reading
Royal Dutch Shell RDS.A -3.53% PLC’s Nigerian subsidiary has been ordered by a Dutch court to pay compensation for oil spills in two villages, a ruling that some lawyers say could encourage further Continue Reading
The Hague Court of Appeal ordered Shell on Friday to compensate Nigerian farmers for two oil spills in the country 13 years ago, in the first lawsuit in which a Continue Reading
After years of turbulence, Libya’s oil industry is finally starting to bounce back, with the production increase that started in December showing no signs of stopping. Ever since the end Continue Reading
The Eastern Mediterranean in a decade went from an ’empty sea’ towards one of the most promising new frontiers of the global oil and gas industry. The Levant basin contains Continue Reading
In more than 50 countries, most of them wealthy, coronavirus vaccination efforts are well underway, with some 20 million doses already distributed in the United States alone. But most poorer nations Continue Reading
The Petroleum Facilities Guard has shut down the Hariga oil port in eastern Libya after the National Oil Corporation delayed the payment of salaries for its members, the Libya Observer Continue Reading
Production from Libya’s Waha oil fields has “gradually resumed” after repairs were completed on a key pipeline, state-owned National Oil Corporation said Jan. 25. Not registered? Around 200,000 b/d of Continue Reading
Libya’s resurgent crude exports could face a massive blow, as a militia controlling three key eastern terminals is threatening to shut down shipments in a long-festering salary dispute. Receive daily Continue Reading
Crude exports of Nigeria’s key crude Qua Iboe are set to resume for the first time in almost six weeks after a fire at the terminal halted production and loadings, Continue Reading
The sub-Saharan country of Angola is not one which readily springs to mind when thinking about oil producing nations. The deeply impoverished former Portuguese colony, which is an OPEC member Continue Reading
A leak that forced the shutdown of an oil pipeline in Libya has reduced its recovering oil production by as much as 200,000 bpd, Bloomberg reports , noting the challenges Continue Reading
The first export cargo of Nigeria’s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Jan. 18. Receive daily email alerts, subscriber Continue Reading
Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline, underscoring how difficult it is for the country to maintain its production following almost Continue Reading
Ghana has been one of the bright stars of the oil and gas market in the 2010s, ramping up its crude production from virtually zero to some 215kbpd by the Continue Reading
Loadings of Nigeria’s key export grade Forcados are on force majeure due to the shutdown of the Trans Forcados pipeline, terminal operator Shell said late Jan. 14. The force majeure Continue Reading
The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ Continue Reading
This is a well you don’t want to miss. In Namibia, an African venue that is being set up as the scene of the world’s next—and possibly last—major onshore oil Continue Reading
Mozambique’s President Filipe Nyusi has held talks with his counterpart in neighboring Tanzania to prepare a wider regional response to violence from Islamic State-aligned insurgents that threaten the progress of Continue Reading
Two of South Africa’s four oil refineries are currently offline and expected to restart next year at the earliest, while the other two facilities also face an uncertain future as Continue Reading
Africa’s second-largest oil exporter Angola has received approval from the International Monetary Fund for a disbursement of over $480 million under a $3.7-billion loan agreement as it continues to struggle Continue Reading
OPEC and its allies raised their crude oil production by 280,000 b/d in December to a seven-month high, as Libya pumped its most since mid-2013 and several other countries posted Continue Reading
South African plants owned by Glencore Plc and Petroliam Nasional Bhd that make up 43% of the nation’s oil-refining capacity are expected to stay shut until at least 2022, according to energy consultant Continue Reading
Nigeria’s crude and condensate output in December fell 9% month on month to 1.52 million b/d, data from the Department of Petroleum Resources — the oil industry regulator — showed, Continue Reading
