Government yesterday signed a multi-billion deal with the China Railway Seventh Group to design and construct Masindi-Biso, Kabaale-Kizirafumbi and Hohwa-Nyairongo-Kyarushesha-Butole road. The 97km road is part of the 700km critical Continue Reading
Libya’s National Oil Corporation on Monday said it was backing demands by its unionized workers for a 67% salary increase that has been promised by the government since 2013, as Continue Reading
Oil workers at Sharara, the largest field in Libya which has recently re-opened after a three-month hiatus, have demanded a salary increase of 67 percent as they try to return Continue Reading
All the requirements needed for the start of Israeli gas exports to Egypt are not yet in place, an Israeli energy ministry source said, with first flows now not expected Continue Reading
Exxon’s negotiations with Algeria for the development of local shale gas resources are being delayed because of the widespread anti-government protests in the North American country, Reuters reported this week, Continue Reading
The Federal Government has kick-started the rehabilitation of Port Harcourt refineries. Speaking yesterday at the inauguration ceremony in Port Harcourt, Dr Maikanti Baru, Group Managing Director of NNPC, said the Continue Reading
A gas shortage in Angola, one of Africa’s leading oil producers, means drivers in the capital Luanda have to form lengthy queues to fill up their tanks. The shortages are Continue Reading
Sudan considers oil and gas exploration blocks offered by Egypt in the Red Sea’s Halayeb area as a direct intrusion into Sudanese territory, Saad al-Deen Hussein al-Bishri, minister of state Continue Reading
The discovery of the giant gas field Tamar of the coast of Israel in 2009 was the beginning of a new period for the Eastern Mediterranean as an energy hot Continue Reading
An increase in the number of new refining capacity, expected to extend till the end of 2024, signifies major competition ahead for the oil industry, with possible shutdowns, the International Continue Reading
The Nigerian National Petroleum Corporation (NNPC) said on Wednesday it would achieve the 2.3 million barrels per day production target in the 2019 budget by sustaining the improved security in Continue Reading
Anti-government protests in Algeria were probably supposed to end after long-term president Abdelaziz Bouteflika dropped his plan to run for a fifth term in office this year. They didn’t. In Continue Reading
Highlights Libya currently pumping 1.2 million b/d Sharara field to approach 300,000 b/d in ‘next few days’ NOC stepping up upstream efforts Studying shale oil, gas prospects Baku — Libya’s Continue Reading
There are indications that Nigeria may amend its N8.9 billion 2019 budget, following the recent oil output cut by about 400,000 barrels per day, bpd, in conformity with the Organisation Continue Reading
The Nigerian National Petroleum Corporation (NNPC) is to amend its planned northern corridor gas supply line to extend up to Algeria from Kano, a distance of over 2000 kilometres according Continue Reading
The Kolmani River-II Well which drilling was flagged off last month by President Muhammadu Buhari is progressing satisfactorily, with drilling of 6,700 feet so far, the Group Managing Director of Continue Reading
The scandal of siphoned fuel at Kenya Pipeline Company deepened on Wednesday after it emerged that 51 million litres of jet fuel, worth Sh5 billion, has gone missing from the Continue Reading
A principal suspect in the controversial Malabu oil scandal on Wednesday appeared as a witness before an Italian court in Milan. Abubakar Aliyu is alleged to have acted as a Continue Reading
Italy’s oil and gas major Eni said on Wednesday that it had made a major oil discovery in Angola’s deepwater in a find that could help the African OPEC producer Continue Reading
The Sharara crude oil field in Libya will recover its daily rate of production to 300,000 bpd within two weeks, Reuters reports , quoting a field engineer. The country’s largest Continue Reading
Normal crude oil export operations were restored, March 7, on the 150,000 barrels per day Nembe Creek Trunk Line (NCTL) following the plugging of a leak which resulted in the Continue Reading
Forces from eastern Libya who have swept through the south and taken control of remaining oilfields in recent weeks have now reinforced a base in the center of the country Continue Reading
Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent Continue Reading
The first export cargoes of Libya’s Sharara crude since the lifting of force majeure will be lifted this weekend, according to trading sources and shipping reports. The Aframax vessel Balla Continue Reading
Mr Mohammed Sidi, Director, Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, has disclosed that oil dealers have been cheating Nigerians of N198,500 per truck sold. Sidi Continue Reading
Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut. (Bloomberg) — Libya’s biggest oil field resumed production, adding another complication to Continue Reading
Royal Dutch Shell has disclosed that it does not have plans to declare force majeure on Bonny Light exports after a fire in an area around a key pipeline. A Continue Reading
Libya’s National Oil Corp. has restarted limited production at its giant Sharara oil field, a person familiar with the matter said Monday, following the removal of gunmen who had occupied Continue Reading
Oil prices rose nearly 2 percent on Monday morning, on trade deal hopes and OPEC supply outages. One of the largest OPEC outages at the moment is the supply disruption Continue Reading
Scores of people are believed dead after a pipeline explosion in southern Nigeria, according to local officials. The Associated Press reported on Saturday that more than 50 people were missing, Continue Reading
Shell is facing prosecution from the Dutch authorities over its acquisition of an offshore oil and gas block in Nigeria a few years ago, Reuters reports. The Anglo-Dutch supermajor is already Continue Reading
Petroleum products imports into Nigeria, slumped as just one of the 26 vessels expected into the Lagos ports between now and March 11, is conveying premium motor spirit (PMS). Latest Continue Reading
Production from the recently launched Egina deepwater field would remain outside Nigeria’s commitment to stick to OPEC’s production cuts, according to state-held Nigerian National Petroleum Corporation (NNPC). “[I]t is not Continue Reading
The oil and gas sector of the Nigeria economy is responsible for 92.9 per cent of illicit financial flows (IFF) with over $217.7 billion said to have flowed out of Continue Reading
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in a statement on its Continue Reading
Workers at Libya’s El Sharara oilfield are ready to resume production with an initial output of 80,000 barrels a day but are still waiting for approval from state oil firm Continue Reading
Nigeria’s President Muhammadu Buhari comfortably won a second term at the helm of Africa’s largest economy, election authorities said on Wednesday, but his main rival planned a fraud challenge after Continue Reading
Nigerian President Muhammadu Buhari has secured a second term helming Africa’s largest economy and top oil producer, but the former general now faces a dizzying array of challenges including a Continue Reading
Supporters celebrate at Mr Buhari’s campaign headquarters in Abuja The runner-up in Nigeria’s presidential election has rejected the result as a “throwback to the jackboot era of military dictatorship”. Atiku Continue Reading
Muhammadu Buhari, Nigeria’s president, has won a second term in office with a lead of over three million over opposition candidate Atiku Abubakar, who made some bold promises on the Continue Reading
The fear that militancy in the oil-rich Niger Delta could revive after the re-election of Nigeria’s President Muhammadu Buhari, can be addressed if the Federal Government sustains its engagement with Continue Reading
Royal Dutch Shell yesterday disclosed that the federal government’s recent claims that it owed Nigeria billions of dollars of unpaid oil and gas-related taxes could delay the development of its Continue Reading
Nigeria seeking nearly US$20 billion from international oil majors in back taxes could delay the approval of a major offshore oil project, Shell’s Upstream Director Andy Brown told Reuters on Continue Reading
Eleven members of the Organisation of the Petroleum Exporting Countries (OPEC), and 10 other nations are collectively trying to remove about 1.2 million barrels of daily production to stabilize the Continue Reading
Libya’s state-run National Oil Corp said on Monday its chairman Mustafa Sanalla had arrived in United Arab Emirates to meet with a number of Libyan and international parties to discuss Continue Reading
At least 19 people have been killed in southern Libya , according to a member of parliament, as forces loyal to strongman Khalifa Haftar fought for control of oilfields in Continue Reading
Militants have attacked Anadarko’s LNG project in Mozambique in what is the first attack on the oil and gas industry in the African country, Bloomberg reports , citing Portuguese news Continue Reading
Hundreds of people were left stranded late Monday after a sudden shortage of fuel with public transport operators hiking fares. Reports of people walking on foot to areas like Glen Continue Reading
With Nigeria relying heavily on oil as its main source of revenue, the recent move by Organization of the Petroleum Exporting Countries (OPEC) to cut down daily oil production of Continue Reading
China exported 51,000 mt of gasoline to Nigeria in January, the first such export to the African country, latest data from General Administration showed Tuesday. Receive daily email alerts, subscriber Continue Reading
