An armed group attempted to break into the Tripoli headquarters of Libya’s National Oil Corporation on Nov. 23 as the state-owned company finds itself in a dispute over oil revenues Continue Reading
Nigeria has this past week indicated its gradual departure from over-dependence on oil sales in a new plan that banks on five major sectors of the economy. According to the Continue Reading
One of the leading global rating agencies, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3 trillion needed over 30 Continue Reading
Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could give Continue Reading
Nigeria’s leaders have made a show of responding to the demands of a massive youth-led uprising over police brutality that recently brought the country to a standstill and captured global Continue Reading
The five largest producers of crude oil in Africa face a combined production decline of 19 percent as a result of the pandemic’s effect on oil demand and the acceleration Continue Reading
Several oil tankers were attacked or approached with attempted attacks in the Gulf of Guinea off West Africa over the past few days, maritime security companies warn. Over the past Continue Reading
Oil worker. Nigeria may be heading towards another economic crisis with crude oil production threatened as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its Continue Reading
Libya’s crude oil production topped 1 million bpd, the National Oil Corporation said this weekend, although it added this level of production may not be sustainable. “It is worth mentioning Continue Reading
OPEC+ crude oil output ticked up 210,000 b/d in October, the latest S&P Global Platts survey found, as the alliance readies to set production levels for 2021 in what may Continue Reading
Libya’s oil production has surged past 1 million barrels a day, national petroleum officials said on Saturday, marking an important milestone months after its civil war almost choked the country’s Continue Reading
The new Petroleum Industry Bill (PIB) before the National Assembly is proposing the revocation of licenses for oil and gas companies who neglect their obligations to the host communities. The Continue Reading
Oil production from Nigeria’s Anyala West field, located in the shallow offshore blocks of OML 83 and 85, has commenced, indigenous producer FIRST E&P and state-owned Nigerian National Petroleum Corporation Continue Reading
Libya’s crude oil production has reached 800,000 bpd, Reuters has reported, citing sources in the know. This is a 100,000-bpd increase in just a few days, the report added. Libya Continue Reading
Times of recession usually bring up overused terms like belt-tightening or company restructuring though distressed periods are just as useful for settling old scores and shaping up new partnerships. Testifying Continue Reading
Desert locusts are breeding afresh in Ethiopia and Somalia and new swarms will form by mid-December and are likely to move southwards toward Kenya. “Although countries are better prepared compared to Continue Reading
The Atlantic Basin could see a major showdown between the region’s key sweet crude producers as around 1 million b/d of Libyan crude is set to return to a brittle Continue Reading
The Libyan ceasefire agreement, which is being painted as a permanent one, could soon face increased opposition if third party interference is not dealt with. The UN-brokered (UNSMIL) agreement has Continue Reading
Total and its partners have made a “significant” gas condensate discovery near the major Brulpadda find off South Africa’s Western Cape raising the prospects of a new gas push in Continue Reading
Libya’s crude oil production could reach 800,000 bpd over the next two weeks and top 1 million barrels daily within a month now that the National Oil Corporation has lifted Continue Reading
All of Libya’s key oil fields and terminals are gearing up for a full reboot, with almost 500,000 b/d more of Libyan light sweet crude set to hit the market Continue Reading
All of Libya’s key oil fields and terminals are gearing up for a full reboot, with almost 500,000 b/d more of Libyan light sweet crude set to hit the market Continue Reading
Libya’s state-owned National Oil Corp. said Oct. 26 it lifted force majeure on the 70,000 b/d El Feel, or Elephant, oil field as the OPEC producer seeks to almost double Continue Reading
Nigeria’s police chief ordered the immediate mobilization of all force resources on Saturday to try to control the worst street violence in Africa’s most populous country in two decades stemming Continue Reading
The country has been riven by violence since 2011 Libya’s warring factions have signed an agreement on a permanent ceasefire, after five days of talks in Geneva. The deal between Continue Reading
The frequent oil blockades in Libya over the past few years have cost the country a total of US$130 billion in lost revenues, Finance Minister Faraj Boumtari told Al-Jazeera on Continue Reading
Libya’s crude oil production could accelerate beyond 700,000 b/d by the end of the year after the United Nations confirmed that the country’s two rivals groups signed a permanent truce, Continue Reading
The first sign that something was wrong at Lekki Toll Gate came when the lights went out. David Emmanuel, Feyishara Temitope and hundreds of other Nigerian protesters had gathered on Continue Reading
Nigeria’s oil production and exports have not been disrupted by the escalating protests against police brutality in the biggest oil producer and exporter in Africa, according to shipping data and Continue Reading
Nigeria is bracing for fresh disruption to its oil production and demand after violence sparked by weeks of nationwide protests against police brutality began spreading into the country’s key oil Continue Reading
The Nigerian military offered on Wednesday to deploy in Lagos state if needed amid protests, the governor said on Thursday. Unrest has broken out across the state, which is under Continue Reading
Global outrage mounted Wednesday after security forces in Africa’s largest city opened fire into a crowd of protesters, deepening unrest spurred by anger at Nigerian police. Ten people died and Continue Reading
Lagos was under lockdown on Wednesday as a heavy police presence enforced a round-the-clock curfew, hours after soldiers opened fire on protesters in Nigeria’s biggest city, witnesses said. Slideshow ( Continue Reading
Authorities on Tuesday imposed a round-the-clock curfew on the Nigerian state of Lagos – including Africa’s biggest city – in response to protests against alleged police brutality which they said Continue Reading
In 2018, while much of the world was leaving coal-fired power in the past and moving toward greener pastures (so to speak) coal was barreling full steam ahead in the Continue Reading
A demonstration in Lagos, Nigeria, on Thursday continued more than a week of protests against police brutality. Nigeria’s army signaled it was prepared to intervene in a standoff between a Continue Reading
A colossal dam is near completion on Ethiopia’s stretch of the Nile, a project so large that it promises to set the country on a path to industrialization that could Continue Reading
The Nigerian National Petroleum Corporation (NNPC) said in a very rare financials release on Thursday—the second in over four decades—that its losses shrank by 99.7 percent in 2019, while “the Continue Reading
Light sweet Libyan crude is starting to trickle through after an eight-month hiatus as rival groups agreed a tentative truce. The prospect of over 1 million b/d hitting the market Continue Reading
Nigeria’s oil industry regulator, the Department of Petroleum Resources, said Oct. 13 that the country is now aiming to increase its oil reserves, including condensates, substantially to 40 billion barrels Continue Reading
Libya has restarted production at its largest field, Sharara, as peace talks began between eastern and western forces. The national Oil Corporation announced it had lifted the force majeure on Continue Reading
The prospect of the return of the 1.2 million barrels per day (bpd) of crude oil that Libya was producing before the broad-based blockade of its energy infrastructure caused it Continue Reading
Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to Continue Reading
Sharara can contribute an additional 300,000 barrels a day, the officials said. Its initial output was 27,000 barrels a day as of Sunday. Output at the field has been shut Continue Reading
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues to struggle Continue Reading
Highlights President Buhari urges quick passage of oil reform bill Says amnesty program for militants to stay in place No U-turn on recently announced end to fuel subsidies Lagos, Nigeria Continue Reading
Nigeria, Africa’s largest crude oil producer and exporter, expects to end its crude-for-fuel swap deals by 2023 when its refining capacity is set to increase with state refineries revamped and Continue Reading
The number of people hit by seasonal flooding in East Africa has increased more than fivefold in four years, according to UN figures. Nearly six million people have been affected Continue Reading
Nigeria will end the exchange of its crude for fuel by 2023 as domestic refining capacity improves, ThisDay newspaper reports, citing Mele Kyari, head of the state-owned oil company. The rehabilitation Continue Reading
If there’s one thing three of the world’s most prominent geologists, geochemists and drill completion experts agree on it’s this: Namibia’s Kavango Basin could end up being the last major Continue Reading
