Nigeria’s refined petroleum products, especially the Premium Motor Spirit (PMS), otherwise called petrol, is the ‘smuggle gold’ feeding Cameroon, Benin, Togo, Chad and Niger Republic, which all share border with Continue Reading
Egypt won’t release the massive container ship that blocked the Suez Canal for nearly a week in March until its owners agree to pay as much as a billion dollars in Continue Reading
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard (PFG) follow through with their threat Continue Reading
Nigeria has an urgent insecurity problem . News from the country often emphasises insecurity related to Islamic insurgents in Northern Nigeria, organised armed banditry involving Fulani herdsmen , farmer-herder conflicts, Continue Reading
Tensions are rising between Egypt and Ethiopia as Addis Ababa moves closer to diverting water to a massive hydroelectric project on the Nile that has been a center of a decade-long dispute Continue Reading
Suleiman Babamanu’s path to the heart of Nigeria’s biggest solar power program started in disappointment. After university he worked as a trainee geoscientist for a unit of the Nigerian National Petroleum Continue Reading
French group Total suspends work at gas plant near Palma despite authorities’ claims order has been restored. The attack bore all the hallmarks of the Islamist insurgents that have terrorised Continue Reading
The International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to 1.6 million barrels per day by 2026 due to low investment. It Continue Reading
All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that Continue Reading
The 24-year-old makes a few thousand nairas ($7-$13) a day, but the work is irregular. “I’ve applied for over 100 jobs since I graduated — at the federal civil service, Continue Reading
The future of the $60-billion project is now in doubt. The French Energy company Total withdrew all its personnel from its Afungi liquid natural gas (LNG) facility near Palma, on Continue Reading
The Mozambican army has been battling insurgents since 2017. Total on Friday abandoned its installations on Afungi peninsula. All Total staff have been withdrawn, unlike the closure on 1 January Continue Reading
A US$20-billion liquefied natural gas (LNG) project led by France’s Total in Mozambique is beyond the reach of Islamic state-aligned insurgents who started last week a coordinated attack near the Continue Reading
“The remobilization of the project that was envisaged at the beginning of the week is obviously now suspended,” Total said In a statement Saturday (27 Mar) “Total has decided to Continue Reading
Frelimo bet the country on gas – and has just lost the bet. The Frelimo leadership was dazzled by the gas, and believed Mozambique would be like Abu Dhabi, Qatar, Continue Reading
Fighting continues in the Cabo Delgado town of Palma and concerns are growing that Mozambique may never be able to pacify the area enough to enable the return of Total Continue Reading
Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. The figure is a Continue Reading
With more than a week of fierce fighting including beheaded bodies in the streets, the battle for the northern Mozambique town of Palma has highlighted the southern Africa country’s insurgency Continue Reading
Libya may be able to maintain its current level of oil production of around 1.2 million barrels per day (bpd) until the end of the year as the oil sector Continue Reading
Southbound and northbound traffic on the Suez Canal has recommenced a day after the stricken Ever Given container ship was freed, market sources said March 30. Not registered? Receive daily Continue Reading
Ships were again moving slowly through the Suez Canal on Tuesday, hours after engineers freed the Ever Given and cleared the waterway for global traffic. Shipowners, exporters and importers are now racing Continue Reading
Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here . The immediate crisis of the Suez Canal blockage may have Continue Reading
Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, authorities said, without providing further details about when the vessel would be Continue Reading
The mammoth cargo ship blocking one of the world’s most vital maritime arteries was wrenched from the shoreline and set partially afloat again early Monday, raising hopes that traffic could Continue Reading
The Suez Canal remains blocked by the Ever Given cargo vessel for a sixth consecutive day, with more than 320 ships — including crude, product and chemical tankers, dry bulk Continue Reading
The Suez Canal logjam since the week starting March 21, caused by the Ever Given cargo vessel, could potentially increase bunker fuel demand in Singapore as more ships will likely Continue Reading
The French oil and gas company Total has announced that it is suspending resumption of work on building natural gas liquefaction plants in the Afungi Peninsula, in the northern Mozambican Continue Reading
Militants have been battling the Mozambican army around Palma for days Dozens of people are dead following an attack on the town of Palma in northern Mozambique, according to a Continue Reading
An insurgent attack on a Mozambican town near a $20 billion liquefied natural gas project that Total SE is building left dozens of people dead and state infrastructure destroyed, the Continue Reading
A giant container ship grounded in the Suez Canal could be freed by the start of next week if heavier tugboats, dredging and a high tide succeed in dislodging it, Continue Reading
The Dutch emergency response team hired to free the vast ship blocking the Suez canal has pulled off some dramatic recoveries, including lifting Russia’s Kursk nuclear submarine from the Barents Continue Reading
The US has offered Egypt assistance in unblocking the Suez Canal, as the head of the world’s largest shipping company warned that businesses reliant on just in time supply chains Continue Reading
The forecast for Tuesday, March 23, showed wind gusts of more than 40 miles per hour and sand storms sweeping through northern Egypt. Indeed, such weather is common in the Continue Reading
An abrupt starboard turn in the Atlantic Ocean is the perfect illustration of the trade disruption caused by the blockage of one of the world’s most important waterways. The Marlin Continue Reading
Libya’s Waha Oil Company is gearing up to restart the second phase of its key El-Farag gas field development, it said March 26. Not registered? Receive daily email alerts, subscriber Continue Reading
Efforts to dislodge the massive Ever Given container vessel blocking the Suez Canal will take until at least next Wednesday, longer than initially feared, raising the prospect that the incident Continue Reading
Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as Continue Reading
Jihadi rebels are fighting to capture Palma, a strategic town in northern Mozambique where fighting continued Thursday after launching a three-pronged assault on the center a day earlier. The town Continue Reading
Ever since the attempted coup in Turkey of 2016, Ankara has become more assertive regarding its near abroad foreign policy. With the rise of the AKP in the early 2000s, Continue Reading
As many as 10 crude tankers carrying around 13 million barrels of oil could be affected by the disrupted traffic in the Suez Canal, which was blocked early on Wednesday Continue Reading
An elite team is set to tackle the monumental challenge of freeing the massive container vessel that’s blocking the Suez Canal, as a backlog of ships continued to build up Continue Reading
Japan’s Shoei Kisen Kaisha, owner of the Ever Given, said March 25 it is currently considering what needs to be done to improve the situation its container vessel, which ran Continue Reading
Libya’s state oil producer is set to get the biggest portion of development spending in the country’s new budget, potentially aiding plans to raise output as the industry recovers from Continue Reading
The blockage of the Suez Canal by a giant container vessel is likely to send ripples of disruption through the global energy supply chain. European and U.S. refiners that rely on the Continue Reading
Eight tug boats were attempting on Wednesday to free a 400m (440-yard) long container ship that ran aground in the Suez Canal, blocking vessels passing through one of the world’s Continue Reading
African banks are exposed to environmental risks that may threaten their credit quality and profitability as climate change makes shocks more frequent and severe, according to Moody’s Investors Service. Moody’s Continue Reading
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of the naira in a year. The government will start to Continue Reading
The digitalization of subsurface information to collect data and improve production techniques could enhance exploration and drilling processes worldwide, led by Egypt. A new project from The Egyptian Ministry of Continue Reading
Analysts have criticised the latest move to repair the refinery at a huge sum of $1.5 billion. The Federal Executive Council on Wednesday approved a fresh $1.5 billion for the Continue Reading
An Italian court has ruled that oil giants Royal Dutch Shell PLC and Eni SPA are not guilty in a bribery case involving a Nigerian oilfield that has spanned years, Continue Reading
