Libya’s Oil Production Jumps To 300,000 Bpd As Exports Rise
Libya continues to ramp up crude oil production with the daily total now getting closer to 300,000 bpd and exports on the rise, too. By the end of last week, Continue Reading
Why Nigeria’s Oil Company Is Considering An IPO
Africa’s oil and gas industry is facing a financial onslaught as a result of a combination of COVID-19, activist shareholders and the so-called Greening of IOCs such as Shell, Total Continue Reading
Libya Oil Production Hits 300,000 Bpd As Another Oilfield Comes Online
Libya’s oil production has more than tripled since the port blockade has been lifted, reaching around 300,000 barrels per day (bpd) after the restart of another oilfield in the country, Continue Reading
U.A.E. Boosted Arms Transfers to Libya to Salvage Warlord’s Campaign, U.N. Panel Finds
The United Arab Emirates ramped up deliveries of military supplies to Libyan warlord Khalifa Haftar this year, according to a confidential United Nations report, flouting an arms embargo as the Continue Reading
Former Libya Oil Wealth Handler Arrested For Fraud
The former CEO of the bank responsible for handling Libya’s oil wealth has been arrested for fraud, according to Libyan security and judicial officials cited by Bloomberg —and the bank Continue Reading
Nigeria: Days of Crude Oil Are Numbered – Govt
STRONG indications emerged Monday that hardship looms in Nigeria following the nation’s over-reliance on oil as the Federal Government has raised the alarm that the days of crude oil are Continue Reading
Nigeria Considers Privatizing Its State Oil Firm
Nigeria will look to privatize its state oil firm Nigerian National Petroleum Corporation (NNPC) under a draft new petroleum law currently in Parliament for discussion, Reuters reported on Monday, quoting Continue Reading
Libya ships crude cargo out of Marsa el-Hariga as partial restart gets underway
A tanker carrying 1 million barrels of Libya’s light sweet Sarir crude has left the port of Marsa el Hariga, shipping sources and tracking data showed Sept. 25, marking the Continue Reading
The African Union Needs to Resolve Ethiopia’s Dam Dispute
Argument U.S. diplomacy has failed. African diplomacy can’t afford to. Egypt and Sudan have threatened to withdraw from negotiations over the filling and operation of the Grand Ethiopian Renaissance Dam Continue Reading
Three Libyan Oil Ports Open For Shipping Crude
Libya’s oil terminals at Hariga, Brega, and Zueitina are open for business and welcoming tankers to ship oil, although the biggest port and the terminal typically exporting the oil from Continue Reading
Return of Libyan oil to begin; tanker set to load from Marsa el-Hariga
The return of Libya’s oil to the market is partially underway as a tanker has reached the eastern port of Marsa el-Hariga to load 1 million barrels of oil from Continue Reading
Libya NOC to Reopen Third Oil Port
Libya’s state oil company reopened another port, the third to resume operation in less than a week, as a political truce takes hold. (Bloomberg) — Libya’s state oil company reopened Continue Reading
Africa Is The Undeniable Final Frontier For Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need Continue Reading
Why Russia Is Pushing Unneeded Nuclear Power Plants On Egypt
In recent years, Russia and China have been facing off to spread their nuclear power dominion to a new, huge, and vastly untapped market: Africa. The two nuclear power giants Continue Reading
Libya’s Oil Production Set To Rise To 260,000 Bpd Next Week
Libya’s National Oil Corporation (NOC) sees oil production rising to around 260,000 barrels per day (bpd) next week, up from some 100,000 bpd before the blockade of its oil ports Continue Reading
‘Important’ gas project to be revealed as six east Med states launch forum: Egyptian minister
An “important” regional natural gas project will be revealed soon, Egypt’s energy minister said Sept. 22, as six east Mediterranean states and the Palestinian National Authority launched a Cairo-based gas Continue Reading
Six Countries Form Mediterranean Gas Group
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring Continue Reading
Libya’s NOC expects oil output to rise to 260,000 b/d in week starting Sept. 27
Libya’s state-owned National Oil Corp. expects its production to rise to 260,000 b/d during the week starting Sept. 27 following the lifting of force majeure and the end of an Continue Reading
Nigeria – a New Refinery in the Horizon
Chineme Okafor , tracks the progress of work at Waltersmith’s first phase refinery project and reports that all things being equal Nigeria could get its first structured modular refinery in Continue Reading
Egypt boosts gas output by 12.4% to record level in fiscal 2019-20
Egypt boosted its gas production by 12.4% on the year to a record 7.2 billion scf/d in the fiscal year 2019-20 (July-June) and is undertaking new exploration activities, the CEO Continue Reading
Libya Oil Exports, Haftar Latest News: Russia Warms to Deal, Revenue Sharing
Russia said it welcomed a contested deal that would allow Libya to resume oil exports halted by a blockade at the start of the year, with revenue distributed across the Continue Reading
Libya: Haftar plans to lift 8-month oil field blockade
A member of the Libyan National Army stands on a military vehicle at one of their sites in west of Sirte, Libya Libyan commander Khalifa Haftar announced on Friday he Continue Reading
A Major Power Play In Libya
Libya: A New Twist to Haftar’s Power Play Turkey would like the world to think that the resignation of the eastern government this week signifies the weakening of General Haftar. Continue Reading
Libya To Lift Force Majeure On Exports Only If Military Exits Oil Facilities
Libya’s National Oil Corporation (NOC) is conditioning lifting the force majeure on the country’s oil exports on the demilitarization of all oil facilities and export terminals, NOC’s chairman Mustafa Sanalla Continue Reading
Deal agreed to resume Libyan oil output, NOC still to lift force majeure
Two rival groups in Libya — the UN-backed Government of National Accord and the self-styled Libyan National Army — have agreed to reopen key oil ports, signaling the possible restart Continue Reading
Libya’s NOC demands demilitarization of oil sector as talks to restart output continue
Libya’s state-owned National Oil Corp. reiterated on Sept. 18 that it will not lift force majeure on crude exports from the blockaded oil terminals unless these facilities are demilitarized. Receive Continue Reading
Violence Creeps Toward $20B Mozambique LNG Project
Total SE CEO Patrick Pouyanné and Mozambican president Filipe Nyusi met to discuss an intensifying Islamic State-linked insurgency. Bloomberg) — Total SE Chief Executive Officer Patrick Pouyanné and Mozambican president Continue Reading
Officials say east Libya government resigns amid protests
Protesters angry over the area’s crippling electricity shortages, set fire to tires on Thursday, Sept. 10, 2020 in Benghazi, Libya. Libya’s east-based parliament has convened an emergency meeting to address Continue Reading
The World’s Last Great Oilfield: An Interview With Nick Steinsberger
Two and a half decades ago, Nick Steinsberger invented what is now the modern-day frack in the Barnett shale. Now, the petroleum engineer extraordinaire is tasked with proving up untold Continue Reading
Officials say east Libya government resigns amid protests
An interim government in eastern Libya resigned on Sunday amid street protests that erupted across the divided country over dire living conditions, officials said. Prime Minister Abdallah al-Thani submitted the resignation Continue Reading
Oil Prices Fall As Libya Reopens Ports
Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday. “The Continue Reading
Distribution of oil revenues dominate talks to restart Libyan output: sources
Talks to restart the bulk of Libya’s crude output and end the eight-month-long blockade on the country’s oil exports are ongoing, with the issue of distribution of oil revenues still Continue Reading
Cracks in Libya’s governing alliance threaten fragile peace
When the head of Libya’s UN-backed Government of National Accord suspended the interior minister from his duties at the end of August, militias in Tripoli celebrated by firing weapons in Continue Reading
Khalifa Haftar’s rival Libya government resigns after Benghazi protests
Young men block a road with burning tyres during protests in Libya’s eastern coastal city of Benghazi on 12 September 2020. A spokesman for Gen Haftar said the administration backed Continue Reading
U.S. Oil Company Hess Attempts To Load Crude From Libya Port
Hess may attempt to load a cargo of crude oil from Libya’s Es Sider port this week. If successful, the loading represents a glimmer of hope for oil-rich Libya who Continue Reading
Turkey Eyes Libya Upstream
Turkey is in talks over oil and gas exploration in Libya. (Bloomberg) — Turkey is in talks over oil and gas exploration in Libya, as President Recep Tayyip Erdogan’s administration Continue Reading
Libya’s State Oil Firm: War Ship Treathens Vital Oil Facilities
Libya’s National Oil Corporation (NOC) said that a warship had been staying at the Ras Lanuf oil terminal for several days, and has demanded that the military activity at vital Continue Reading
Tanker fixed to load crude from Libya’s Es Sider port despite force majeure amid ceasefire
Highlights Hess charters vessel to take stored crude: shipping report Key Libyan ports blockaded in power struggle Militia said it may allow some loadings to relieve storage London — Hess Continue Reading
Nigeria: Govt Asks for $1.1bn Advance Settlement From ENI, Shell in Malabu Corruption Case
The Federal Government, Wednesday, asked a court in Milan, Italy, to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for Continue Reading
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC statement. Libya’s Continue Reading
Nigeria Economy Latest: Floods Destroy Rice Harvest
Floods washed away at least two million tons of rice in Nigeria, the second-largest importer of the grain. That is more than 25% of the previously projected national output of Continue Reading
After Hifter’s ouster in Libya, Tripoli government descends into infighting
Less than three months after pro-government forces pushed a renegade warlord out of the Libyan capital of Tripoli, infighting within the government now threatens to unravel it and plunge the country into Continue Reading
The Largest Oil Play Of The Decade? Interview With Daniel Jarvie
As we approach the climax of a potentially enormous Permian-style discovery in the opening of Namibia’s giant, deep Kavango Basin, internationally acclaimed geochemist Daniel Jarvie explains in an exclusive interview Continue Reading
Libya’s Biggest Oilfield Halts All Work After Employee Tests Covid Positive
Libya’s largest oilfield, Sharara, is stopping all operations, and the operator is evacuating the workers as a foreign employee had tested positive for the coronavirus after coming into contact with Continue Reading
Nigeria’s Three Refineries Processed Zero Crude but Cost Nation N10 Billion in June
Despite processing no crude oil in June this year, Nigeria’s three refineries still cost the country N10.23 billion in expenses, a report published by the Nigerian National Petroleum Corporation (NNPC) Continue Reading
Libyans Gasp From Summer Heat as Civil War Shreds Power Grid
Summers in the Libyan capital can be brutal, and this one is the worst in memory. As temperatures in Tripoli breach 40 degrees Celsius (104 Fahrenheit), unrelenting power failures leave Continue Reading
Big Oil Is in Trouble. Its Plan: Flood Africa With Plastic.
Confronting a climate crisis that threatens the fossil fuel industry, oil companies are racing to make more plastic. But they face two problems: Many markets are already awash with plastic, Continue Reading
Angola Aims To Ramp Up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025, according to a new energy Continue Reading
Nigeria’s Aliko Dangote, Africa’s Richest Man, Bets on a Vast Oil Refinery
On a peninsula east of Lagos, 30,000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes. It’s here that Aliko Dangote, Africa’s richest man, Continue Reading
Nigeria Prepares For An Extended Period Of Low Oil Prices
Nigeria is preparing for an extended period of low oil prices, Muhammadu Buhari, the president of the biggest oil producer in Africa, said at an energy event on Friday. Nigeria Continue Reading