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
Petroleum facilities guards at an oil export terminal in eastern Libya have delayed the loading of at least one crude oil cargo and are threatening to block exports until their Continue Reading
Plumes of smoke in the Niger delta. A coalition of nine militant groups under the aegis of Reformed Niger Delta Avengers, RNDA, yesterday, backed out of peace talks with the Continue Reading
Nigeria’s oil industry looks set for a difficult 2021 as a delay in implementing key legislative reforms compounds problems for a sector still reeling under the weight of OPEC+ output Continue Reading
Libya’s state-owned NOC aims to make further progress in rebuilding the country’s oil sector next year, buoyed by the rapid recovery in crude production since port and field blockades were Continue Reading
There seems to be a point of saturation when it comes to assessing Angola’s crude exports for the upcoming months – beyond a certain point it serves as no surprise Continue Reading
Nigeria may lose up to 38 percent of its deepwater oil production under the terms of the proposed new Petroleum Industry Bill, Nigerian daily Punch reports, adding that this could Continue Reading
The OPEC+ alliance should remain cautious at its upcoming meeting Jan. 4 because a new strain of the coronavirus that causes COVID-19, B117, is likely to weigh on global oil Continue Reading
Turkish Defence Minister Hulusi Akar warned on Sunday that the forces of Khalifa Haftar and their supporters based in eastern Libya would be viewed as “legitimate targets” if they attempted Continue Reading
At the center of a terrifying coronavirus surge, 242 patients lay in row after row of beds under the soaring metal beams of a decommissioned Volkswagen factory. Workers at the Continue Reading
South Africa’s program to narrow a shortage of as much as 3,000 megawatts of electricity generation has drawn interest from solar, gas and powership developers. Richards Bay Gas Power 2, Scatec Continue Reading
More than 300 Nigerian schoolboys were reunited with their families last weekend, days after they had been abducted by kidnappers from their dormitory in the country’s north-west. The kidnapping revived Continue Reading
In an age where there’s not much oil left to discover on land and the supermajors have gone out to sea where development takes decades and costs are often prohibitive, Continue Reading
The Nigerian National Petroleum Corporation (NNPC) has said that without the discovery of fresh hydrocarbons in some parts of the country, the current 37 billion barrels in reserves will dry Continue Reading
When Rwanda’s president said last August that he wanted all of the country’s motorbikes to be electric as soon as possible, Ampersand’s waiting list exploded. The country’s first electric motorbike Continue Reading
Algeria’s oil and gas production in 2020 will total 143 million tons of oil equivalent, a decline of 8% from 2019, due the pandemic and slow economic growth, energy minister Continue Reading
Libya’s crude oil production continues to increase as one of its companies has nearly doubled its output to 100,000 barrels per day (bpd) compared to production levels before the blockade Continue Reading
Nigeria’s commercial capital, Lagos, ordered schools to shut indefinitely, banned concerts, carnivals and street parties and ordered certain civil servants to work from home amid a spike in new cases Continue Reading
Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed. This deal marks the start of several joint projects Continue Reading
The Libyan government recognized by the UN has told Libyans not to panic and queue at gasoline stations in the country because there is enough supply of fuel, Libya Herald Continue Reading
Crude loadings of Nigeria’s key crude Qua Iboe have been temporarily halted due to a fire at the terminal, traders and Nigeria-based sources said Dec. 14. Not registered? Receive daily Continue Reading
Nigeria might be under pressure to fund its N13.8 trillion 2021 budget following a significant drop of its oil output by 14.08 percent in the first 10 months of 2020, Continue Reading
A forgotten conflict on the fringes of the Sahara desert is heating up — and Donald Trump’s decision to recognize Morocco’s sovereignty over the disputed territory is set to make Continue Reading
Bonga Floating Production Storage and Offloading vessel, Nigeria. Shell Nigeria says it has not received a formal report on the matter. A damning investigative report by a Dutch television station Continue Reading
Libyan crude and condensate exports are poised to jump to a 13-month high of 1.24 million b/d this month, according to S&P Global Platts estimates compiled using data from shipping Continue Reading
OPEC and its allies in November pumped their most crude oil since implementing historic production cuts in May, the latest S&P Global Platts survey found, driven largely by Libya’s brisk Continue Reading
OPEC and its allies in November pumped their most crude oil since implementing historic production cuts in May, the latest S&P Global Platts survey found, driven largely by Libya’s brisk Continue Reading
Eastern-based Libyan forces have intercepted a Turkish ship under a Jamaican flag heading to the port of Misrata in western Libya, their spokesman said on Monday, a possible new flashpoint Continue Reading
South Africa’s second-largest crude oil refinery, the Engen plant in Durban, has been shut down to allow investigators a chance to find out the cause of a “fire incident” earlier Continue Reading
Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential part of the OPEC member’s Continue Reading
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded in the previous month. The rig count is a reflection Continue Reading
Greek authorities say negotiations are underway to free three sailors kidnapped off the Nigerian coast. Analysts warn there has been a “sharp increase” in incidents in the Gulf of Guinea. Continue Reading
Supermajors ExxonMobil and Total are renegotiating a natural gas resource sharing deal for their respective liquefied natural gas (LNG) projects offshore Mozambique, Reuters reports , citing sources with knowledge of Continue Reading
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened Continue Reading
The Nigerian National Petroleum Corporation, NNPC, said it targets to achieve 3million barrels per day, bpd, oil production in no distant time. The Group Managing Director, NNPC, Mele Kyari stated Continue Reading
Explosions have damaged oil and gas facilities belonging to the Shell Petroleum Development Company of Nigeria and the Nigerian Agip Oil Company around Ikarama in the Yenagoa Local Government Area Continue Reading
Libya’s National Oil Corporation (NOC) will not be transferring the revenues from crude oil sales to the Central Bank of Libya until the bank adopts transparent policies on the spending Continue Reading
