Nigeria: $3.27bn Lost to Oil Thieves in 14 Months, Govt Cries Out
The Federal Government has raised an alarm over the rising rate of crude oil theft in the Niger Delta, disclosing that about $3.27 billion worth of oil has been lost Continue Reading
Egyptians count rising bread costs as Ukraine war disrupts wheat exports
From his job as a Cairo doorman, Mahmoud Farag earns 1,500 Egyptian pounds ($95) each month but it’s no longer enough to adequately feed his family of five. Food prices Continue Reading
Nigeria: Oil Prices Plunge Below $100 As Nigeria Fails to Meet Opec Quota
Oil prices continued to crash, yesterday, as speculators abandoned the volatile market, while Russia claimed it wants the Iranian nuclear deal to be signed as soon as possible. This is Continue Reading
Nigeria: Eni – Force Majeure On Vandalised Oil Facilities to Be Lifted This Week
Italian oil major, Eni, has promised to lift the force majeure on the Ogoda/Brass 24 oil pipeline in Bayelsa State this week. Eni in an updated statement issued yesterday, said Continue Reading
Nigeria: Shell, Eni Announce Force Majeure On Key Nigerian Oil Flows
The developments could deal a blow on Nigeria, which has plans to export oil in the neighbourhood of 1.5 million bpd in March. Shell Petroleum Development Company, the local unit Continue Reading
Rival Libya leader sets sights on Tripoli to replace administration
The leader of a new Libyan government has vowed to relocate from the country’s east to Tripoli within “days” to replace a rival administration, despite concerns that such a move Continue Reading
Nigeria: Scarcity – Why We Give Priority to Foreign Airlines – Aviation Fuel Marketers
Aviation fuel marketers in the country have given insight into why they give priority to foreign airlines as against local airlines, saying since the foreign airlines pay for Jet A1 Continue Reading
BP And Eni Combine Angolan Upstream Businesses
BP and Eni have formed a new independent company named Azule Energy through the combination of the two companies’ Angolan businesses. BP and Eni have signed an agreement to form Continue Reading
EXCLUSIVE BP, Eni clinch deal on Angola joint venture
Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday, confirming what sources earlier exclusively told Reuters. The deal Continue Reading
Libyan Oil Under Threat As Militias Amass In Tripoli
With all attention on the war in Ukraine, Libyan oil is once again coming under threat as the prospect of a renewed civil war intensifies amid the amassing of militia Continue Reading