South Africa’s Energy Crisis
South Africa is facing an energy crisis. The once distinguished national public energy provider, Eskom, has been driven to the point of collapse by “years of corruption, incompetence and political Continue Reading
Big Oil Faces Multibillion Dollar Fallout From Algeria Crisis
The oil patch is reeling from a political crisis in Algeria that first saw Exxon halt its prospective shale ambitions in the country, and has now spread to major trading Continue Reading
Libya’s NOC discussing ways to keep output stable as civil war looms
Highlights Production remains unaffected Further escalation in violence seen likely Zawiya export terminal, refinery at risk London — Libya’s National Oil Corporation said Tuesday it is discussing way to keep Continue Reading
How Libya’s Haftar blindsided world powers with advance on Tripoli
Western diplomats sat down for three hours with Libyan commander Khalifa Haftar in his eastern stronghold last month to try to dissuade him from launching an offensive against the internationally Continue Reading
Libyan Warlord’s Aircraft Attack Tripoli Airport, Defying U.S. Pressure
Warplanes loyal to Gen. Khalifa Haftar shelled the Libyan capital’s only functioning airport, as the rogue military commander defied U.S. calls to halt an assault on Tripoli. Mr. Haftar, who Continue Reading
Sudan Facing Diesel Shortages, Interested In Foreign Support – Ambassador To Russia
Diesel shortages are currently a major problem for Sudan that faces economic troubles, which is why, Khartoum is interested in any foreign assistance, Sudanese Ambassador to Moscow Nadir Babiker told Continue Reading
Concerns as 211 Nigerian oil blocks remain idle
More than 50 per cent of Nigeria’s oil and gas blocks remain untapped even as crude oil production continues to hover around two million barrels per day while gas shortages Continue Reading
China-South Sudan Oil Deal Raises Red Flags
China has long been criticized for imposing massive debt on developing countries as well as securing their natural resources to help them build up infrastructure with funding by Beijing, something Continue Reading
U.S. Removes Troops From Libya Amid Fighting in Capital
The U.S. military said it pulled a small contingent of American forces from Libya as the country teetered on the brink of full-scale civil war, with fighting continuing around the Continue Reading
Libya crisis: Fighting near Tripoli leaves 21 dead
Gen Haftar’s forces prepare for Tripoli battle Libya’s UN-backed government says 21 people have been killed and 27 wounded in fighting near the capital, Tripoli. US Secretary of State Mike Continue Reading
Oil Markets On Edge As Military Clash Looms In Libya
Libya is heading for a military showdown as East Libyan strongman General Haftar has initiated a full confrontation with the UN-backed West-Libyan GNA Al Serraj government, based in Tripoli. After Continue Reading
Squeezed by U.S. shale, Nigerian oil propped up by Asian demand
The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressure in Europe. But steady Continue Reading
Nigeria: ‘Dangote Refinery Will Transform Nigeria’s Economy’
Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy. He stated this at Continue Reading
Analysis: Libya’s security on high alert, threatening oil, gas sector in West
Highlights Oil towns of Zawiya, Sabratha key to LNA control Export terminal and refinery at Zawiya at risk Risk of outages, but maybe stability long-term London — The threat of Continue Reading
Egypt to slash fuel subsidies as it nears end of IMF program
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of Continue Reading
Libyan Crisis Presents New Worry for White House—and Oil Markets
A mounting conflict in Libya is threatening to upset the global supply of oil at a time when prices are booming, and increases the likelihood that the U.S. will renew Continue Reading
In Libya, fears of full-blown civil war as fighting nears capital Tripoli
Libya edged closer to full-blown civil war on Friday as forces of an eastern commander clashed with pro-government militias near the capital, Tripoli, and an effort by the U.N. chief Continue Reading
Libya fighting prompts condemnation by G7 and UN
Forces loyal to the Tripoli government have reportedly come from Misrata to help defend the capital World powers and the United Nations have condemned fresh fighting in Libya as rebel Continue Reading
Oil Minister Denies Reports Of Exxon Leaving Nigeria
Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu has said that he isn’t aware of any plans of U.S. oil and gas supermajor ExxonMobil to exit upstream operations in OPEC’s African member. Continue Reading
Nigeria Makes First Crude Oil Sale to United States in Six Months
A cargo of Nigeria’s distillate-rich Bonga crude is due to move to the United States (U.S.) from the May loading programme, traders have disclosed, after a near six-month hiatus. According Continue Reading
Nigeria: Govt Targets 4 Million BPD Oil Production, Tasks Local Firms On IOCs’ Divestments, Others
The Minister of State for Petroleum Resources, Ibe Kachikwu has tasked indigenous operators to step up their investments and take over major operations from international oil companies, especially as many Continue Reading
Nigeria: Step Up Investments to Take Over Major Operations From IOCs, Kachikwu Tells Local Operators
Yenagoa — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has tasked indigenous operators in the oil and gas sector to step up their investments and take over Continue Reading
Nigeria: Buhari’s Second Chance At Oil and Gas Reform in Nigeria
The president’s first term fell short of the changes needed to modernize the sector. Can he make headway in his second? Muhammadu Buhari, re-elected as president of Nigeria in February, Continue Reading
Libyan military strongman orders his forces to march on Tripoli
The order to march on the capital came as Antonio Guterres, the UN secretary general, was in the city to push for a political solution that includes a national conference, Continue Reading
Libya crisis: General Haftar tells forces to take capital
Gen Haftar’s forces were pictured in the southern town of Sebha last month The leader of forces in eastern Libya has ordered them to march on the capital Tripoli, the Continue Reading
New Offensive Brings Libya To The Brink Of War
Forces loyal to Libya’s eastern strongman General Khalifa Haftar are advancing west toward the capital Tripoli in a renewed confrontation between the rival administrations that could escalate and threaten to Continue Reading
What’s Next For Algeria As Bouteflika Steps Down
What does the resignation on April 2, 2019, of Algerian Pres. Abdelaziz Bouteflika mean for the future of his country and the region, and why was the Algerian military so Continue Reading
Nigeria Struggles To Keep Oil Production At Quota Levels
Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu admitted that reducing oil production to the quota assigned by OPEC is a challenge, not least because of the start of production at the Continue Reading
Tanzania To Begin Talks With Majors On $30B Deepwater LNG Project
Tanzania’s government will start this month talks with major international firms to define the commercial terms for a deepwater liquefied natural gas (LNG) project off the coast of the east Continue Reading
Nigeria: NNPC to Search Deeper for Oil in the North
The Nigeria National Petroleum Corporation (NNPC) has pledged to deepen its search for oil in the north. The corporation has also described the Dangote Refinery, currently under construction, as a Continue Reading
While You Weren’t Looking, General Haftar Has Been Taking Over Libya
In Libya since the fall of Muammar al-Qaddafi, years often pass without much change as political deadlock continues and the economy decays. Then a moment of opportunism triggers a chain Continue Reading
Nigeria: Shell Paid Nigeria U.S.$6.3 Billion in 2018, Highest in the World
Royal Dutch Shell, Nigeria’s largest foreign investor paid the Nigerian government $6,397,325,844 as oil production entitlement, taxes, royalties and fees arising from the company’s activities involving oil and gas exploration, Continue Reading
Algerian president resigns: official news agency
Algeria exports to Spain, Italy down from earlier in year Oil-indexed gas contracts out of the money Washington — Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Exclusive: Exxon weighs sale of Nigerian oil and gas fields for up to $3 billion
Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, Continue Reading
Nigeria: NNPC’s U.S.$48 Billion Oil and Gas Projects
At the 2019 International Petroleum Conference held in London, recently, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, was reported to have copiously highlighted major Continue Reading
France’s Total Boosts Angola Oil Production With New Start-Up
French supermajor Total said on Tuesday that it had started up production at the Kaombo Sul oil development, adding 115,000 bpd to bring Total’s overall production capacity to 230,000 bpd, Continue Reading
Africa: South Africa’s ‘Game-Changing’ Oil Find – Three Lessons From Ghana
In early-February, South Africa discovered huge reserves of oil and gas off its shores. President Cyril Ramaphosa, along with many experts, described the find as a “game-changer” and promised legislation Continue Reading
Nigeria: ExxonMobil in Further Divestments From Nigeria
There are indications that ExxonMobil has concluded plans to divest from some onshore and offshore fields worth $3 billion in Nigeria. Industry and banking sources that made this disclosure to Continue Reading
Nigeria: ExxonMobil Considers Sale of Oil Stakes in Nigeria
Exxon Mobil may sell a suite of oil and gas fields it holds in Nigeria and has commenced talks on the sales as it focuses on new developments in United Continue Reading
Algeria’s Ruler, Abdelaziz Bouteflika, Agrees to Step Down
Algeria’s ailing president, Abdelaziz Bouteflika, agreed Monday to step down by the end of the month, yielding to weeks of mass demonstrations demanding his ouster. In a short statement carried Continue Reading
Oil-Rich Libya Could Have One Government As Soon As This Month
Oil-rich Libya, torn between a UN-backed government based in Tripoli and an alternative administration and institutions in the east, could see the years-long political crisis solved this month by the Continue Reading
Nigeria: Moving Away From Oil Economy
The government should demonstrate seriousness in diversifying the economy The pledge by the federal government to build a digital economy around the creative sector to create jobs for young people Continue Reading
Nigeria: Dangote Refinery to Produce 65.4 Million Litres of Petrol, Diesel Daily
The 650,000 barrels per day Dangote refinery is expected to produce 65.4 million litres of petrol, diesel, aviation fuel and Kerosene daily when it becomes operational. According to the Group Continue Reading
This Is the Algerian End Game That Has Oil Investors Worried
Protests that erupted six weeks ago in Algeria have now transformed into a million-strong force against aging Algerian strongman President Abdelaziz Bouteflika, with Exxon having already called the political unrest Continue Reading
Algeria: Hundreds of thousands march for President Bouteflika’s removal
Protesters are demanding the resignation of President Bouteflika Hundreds of thousands of people have taken to the streets in Algeria to demand the resignation of President Abdelaziz Bouteflika. Estimates say Continue Reading
LNG Is Finally Taking Off In Egypt
What a difference just a few years can make. After more than a decade of uncertainty for Egypt’s natural gas sector, leading even to importing LNG for years, Cairo is Continue Reading
A “Perfect Coup’’ Is Unfolding In Algeria
The ongoing unrest in one of North Africa’s largest oil and gas producers Algeria is reaching boiling point. After weeks of protests from the opposition, aimed at blocking the possible Continue Reading
Nigeria: Niger Delta Records 40m Litres Oil Spill Annually
Bayelsa State Governor, Mr. Seriake Dickson has lamented the environmental despoliation in the Niger Delta saying the region records about 40 million litres of oil spill annually as against 4 Continue Reading
Algeria’s oil, gas production unaffected by unrest: IEA
Algeria’s oil and gas production appears to be unaffected so far by the political unrest gripping the country, an International Energy Agency (IEA) official said on Tuesday. A major oil Continue Reading
Algerian Oil Output Unchanged Amid Unrest
The unrelenting unrest in Algeria in the form of mass protests seeking to force President Abdelaziz Bouteflika out of office has investors worried; but so far, there are no signs Continue Reading