The Department of Petroleum Resources (DPR), international oil companies (IOCs), security agencies, community leaders and other stakeholders yesterday warned that oil theft was retarding the national economy and fuelling environmental Continue Reading
Port Harcourt — The Nigerian Army has said it destroyed no fewer than 120 illegal refining sites in the Niger Delta, insisting that its action was in line with its Continue Reading
Nigeria’s government has authorized a local oil company to operate a new floating crude oil export terminal off the coast of the Rivers state in the oil-rich but still troubled Continue Reading
Chinese President Xi Jinping held talks with Nigerien President Mahamadou Issoufou on Tuesday. Calling China and Niger good friends, partners and brothers, Xi hailed the constantly strengthening political mutual trust and Continue Reading
Algeria’s energy minister said on Monday he would seek a “good compromise” when asked about his earlier comments that Algiers would block a plan by France’s Total to buy Anadarko’s Continue Reading
President Muhammadu Buhari yesterday in Abuja said the destruction of oil facilities by vandals was having adverse effects on host communities as well as the majority of the people and Continue Reading
The Nigerian unit of Royal Dutch Shell doesn’t have any plans to return to exploring or producing oil in Ogoniland in Nigeria’s Rivers state after it ceased operations there in Continue Reading
After nearly a decade of delays, South Africa has just joined some 40 countries that have enacted national carbon tax policies, aiming to curb the rise in carbon emissions to Continue Reading
Algeria will block Total from acquiring Anadarko’s assets in Algeria, energy minister Mohamed Arkab told reporters on the sidelines of a conference on Sunday. Occidental Petroleum has agreed to sell Continue Reading
As President Muhammadu Buhari, who doubles as the petroleum minister, completes his first term in office, stakeholders in the oil and gas sector have insisted that his performance in the Continue Reading
Libya’s state-run National Oil Corp (NOC) plans to start developing the North Hamada oilfield, in the northwest of the country, NOC said in a statement on Friday. “A technical team Continue Reading
The Somali government says it’s not ready to take any action that could threaten its relationship with its neighbor Kenya. The announcement comes amidst simmering tensions over potential offshore oil Continue Reading
A major fire outbreak has occurred on Trans Forcados Pipeline, TFP, late Sunday night. Vanguard gathered that the fire started in Yeye community, Burutu Local Government Area, Delta State. Chairman Continue Reading
Winding fuel queues are now the order of the day in the country. It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the Continue Reading
The inferno which engulfed oil wells operated by Chevron Nigeria Limited in Ojumole communities in Ilaje Local Government Area of Ondo State has continued unabated 32 days after it started. Continue Reading
The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. General Khalifa Haftar and his militia, the Libyan National Army Continue Reading
There are indications that Nigeria has lost significant oil as a result of increasing pipeline vandalism and oil theft in the Nigeria Delta. Investigation by Vanguardover the weekend showed that Continue Reading
The President of Angola Joao Lourenço has fired Sonangol CEO Carlos Saturnino, as well as the whole board of directors. Now there are several things which seem wrong at first Continue Reading
Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in need of investment. Approximately 640 Continue Reading
Italy’s oil and gas major Eni said on Tuesday that it had made a new discovery in Angola’s deep offshore estimated to contain up to 250 million barrels of light Continue Reading
All On, which is a seeded company of Shell, has advised Nigeria to initiate and implement a graduated and weighty tax system on the production, assemblage and importation of power Continue Reading
The head of state energy giant Sonangol is replaced just as the company plans extensive asset divestments. There is ample precedent indicating that Angola?s new ruling elite is seeking to Continue Reading
The leaders of Saudi Arabia and Egypt successfully lobbied President Trump to shift U.S. policy in Libya and reach out to the general leading an offensive against the country’s United Continue Reading
Daily, about 126 heavy-duty trucks jot across a massive land area that is seven times the size of Victoria Island. This is aside the 750 heavy-duty equipment stationed in what Continue Reading
The Federal Government has accused former President Goodluck Jonathan and the former Minister of Petroleum Resources, Diezani Alison-Madueke, of accepting bribes and breaking the country’s laws to broker a $1.3 Continue Reading
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion Continue Reading
Libya’s UN-backed internationally recognized government has suspended the Libyan operations of as many as 40 foreign companies, including those of France’s oil and gas supermajor Total, Reuters reported on Thursday, Continue Reading
Highlights Currency crunch sparks fuel crisis Crude output continues to slump London — Angolan president Joao Lourenco began a major shake-up at state-owned Sonangol Thursday, dismissing Carlos Saturnino as chairman Continue Reading
The Movement for the Survival of the Ogoni People (MOSOP) said it had uncovered plans by the Nigerian government to commence oil drilling in Ogoniland using security agencies and criminally Continue Reading
Notwithstanding its increased production output of 1.95 million barrels daily (mbd) for April, according to the latest S&P Global Platts survey, Nigeria’s output remains below the 2019 budget benchmark of Continue Reading
Oil prices have fallen sharply on fears of a global economic slowdown, but the markets are overlooking the possibility of a serious outage in Libya as civil war drags on. Continue Reading
Nigeria’s deepwater operations have generated over $180 billion following a capital investment of more than $65billion made by the players in the oil and gas industry, the Group Managing Director, Continue Reading
The United States refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes, double that of April levels, data from Refinitiv Eikon has shown. Continue Reading
A key oil pipeline and a logistics base in Nigeria’s oil-rich Niger Delta have been impacted by a shutdown and protests, the operator of the facilities said on Monday, in Continue Reading
The Nigerian government is seeking about $3.5 billion in damages from oil giants Eni and Shell over the controversial Malabu oil deal, PREMIUM TIMES has gathered. The new claim is Continue Reading
South Sudan and South Africa have inked an exploration and production sharing deal for oil in a sign that South Sudan is well on its way to put its best Continue Reading
Eastern Libyan forces commander Khalifa Haftar urged his troops trying to take Tripoli to battle harder and teach their enemies a lesson because the holy Muslim month of Ramadan that Continue Reading
Egypt expects the 1.6 gigawatt solar park it is building in the south of the country to be operating at full capacity in 2019, the investment ministry said in a Continue Reading
Protesters in Nigeria’s Nembe region barricaded the logistics base of oil company Aiteo on Sunday and briefly disrupted its operations, the company said. Aiteo had just reopened its Nembe Creek Continue Reading
Mozambique, on the verge of being transformed with the development of major LNG export projects, needs to improve government finances and the country’s social environment for the projects to generate Continue Reading
The Federal Government has disclosed that about 43 refineries, including large scale and modular refineries, have been licensed to refine petroleum products across the country. The Senior Technical Adviser to Continue Reading
The Nigerian National Petroleum Corporation (NNPC) yesterday said $2.2 billion (N673.2 billion) had been saved from refining over 40 billion liters of crude oil abroad through the nation’s Direct Sale Continue Reading
Among the challenges besetting Nigeria’s economy, which has been internationally acknowledged is the multifaceted nature of losses that are largely induced by poor records, corruption and tardiness in enforcement of Continue Reading
Haftar Could Theoretically Take Over Libya’s Oil Exports Without Tripoli As General Haftar continues his offensive designed to take control of Tripoli and oil revenues, he is using the National Continue Reading
The small West African country Gambia has awarded BP the exploration rights to drill for oil and gas in an offshore block which another company claims it has the rights Continue Reading
A Dutch court on Wednesday ruled in favour of four Nigerian women who sued oil giant Shell. The women, including Esther Kiobel, sued Shell for its alleged role in the Continue Reading
Despite a national image of support to peace and development worldwide, a central agenda of Norway in Somalia for over a decade has entailed methodical maneuvering to control petroleum resources. Continue Reading
A Dutch court said on Wednesday it has jurisdiction to hear a damages suit brought against energy company Royal Dutch Shell by four widows of activists executed by the Nigerian Continue Reading
LONDON/CAIRO (Reuters) – Eastern-based Libyan forces led by Khalifa Haftar launched an offensive in April on the capital Tripoli in the west that has plunged the oil-producing nation into a Continue Reading
Africa’s largest oil producer, Nigeria, is dusting off an ambitious plan to double its oil production by 2025, aiming to pump as much as 4 million bpd in six years’ Continue Reading
