Italy to get more gas from Algeria, foreign minister says
Italy’s foreign minister said a visit to Algeria on Monday to seek an increase in gas supplies from the country had yielded good results, as Europe steps up its efforts Continue Reading
Suez Canal Authority to raise transit fees by 5%-10% for tankers from March 1
Highlights Move due to rise in global trade, healthier ship economics SCA working on canal expansion after the Ever Given incident in 2021 Suez Canal is a strategic route for Continue Reading
Nigeria: Seplat Strikes Deal to Acquire Exxon Mobil’s Nigerian Unit
ExxonMobil logo. The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder. Seplat Energy has entered into a contract with a Nigerian unit of Texas-based Continue Reading
Namibia: Total Also Discovers Oil in Namibia
French energy company TotalEnergies has made a “massive” oil discovery on its block off the Namibian shore – another block in which the National Petroleum Corporation of Namibia (Namcor) owns Continue Reading
Nigeria’s Oil Royalty, Taxes From Shell Fell By U.S.$3.7bn in 2020
Nigeria suffered a drop of $3.7 billion in taxes and royalties from Shell Companies in the country as the oil major paid just $900 million in 2020, down from $4.6 Continue Reading
Nigeria sues JP Morgan for $1.7 billion over oil deal
A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a Continue Reading
Nigeria: Again, IMF Urges Nigeria to Increase VAT, Remove Fuel Subsidy
Oil rigs The International Monetary Fund (IMF) has once more advised Nigeria’s federal government to increase Value Added Tax (VAT), while also offering other fiscal measures that the country could Continue Reading
Nigeria’s Oil Sector Weak Performance May Slowdown Economic Growth
Fitch Solutions, an affiliate of global rating agency, Fitch, has predicted that Nigeria’s weak performance in the oil and gas sector may continue to slow down the country’s economy in Continue Reading
Shell discovers light oil offshore Namibia, in first for southern African country
Encouraging well results; more exploration planned Partners still trying to determine resource potential Drilling activity in Namibia picking up steadily Energy major Shell has confirmed a light oil discovery at Continue Reading
Oil Production Vessel Explodes Offshore Nigeria
A floating production, storage and offloading (FPSO) vessel exploded offshore Nigeria early on Wednesday with 10 crew members on board, the company operating the vessel said on Thursday. The supertanker-sized Continue Reading