Libya’s El Sharara oilfield remains closed because an armed group is still inside it, the chairman of state oil firm NOC said in a video published by a NOC official Continue Reading
As many as 39 people were killed in election violence so far in Nigeria, civil society groups said on Sunday, as the country awaits the results of voting in what Continue Reading
The Kenyan government has warned that it will not cede an inch of its soil in the disputed maritime border with Somalia even as it affirmed that it is committed Continue Reading
Nigeria’s two main presidential candidates urged the public to vote in a pivotal election on Saturday as they tried to avert a slump in turnout after a week-long delay to Continue Reading
Nigerian president Muhammadu Buhari casts his vote at a polling station in Daura, Katsina State Nigerians are finally going to the polls for the country’s general election following a last-minute Continue Reading
A High Court in London, headed by Justice Andrew Burrows, has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have Continue Reading
Nigeria could start reducing its crude oil production in line with the OPEC-wide output cut agreed last December, President Muhammadu Buhari said as quoted by Nigeria media, speaking to a Continue Reading
The Nigerian government has ordered a number of non-Nigerian oil and gas companies to pay nearly $20 billion in taxes. Reuters news agency reported Thursday that the move could deter Continue Reading
As Nigeria continues to clamp down on tax defaulters, it has ordered some foreign oil and gas companies to pay nearly $20 billion in taxes owed to states, industries and Continue Reading
A surprise one-week delay in Nigeria’s presidential election, now set for Saturday, has further complicated a fractious contest, bringing new fraud accusations, fresh fears of post-election violence, and disruptions that Continue Reading
Libyan officials have stated that the control of the El Sharara oilfield has been handed over by LNA forces to Libyan oil security forces, the state controlled oil guards. Even Continue Reading
Kenya has recalled its ambassador to Somalia Lt. Gen. Lucas Tumbo after it emerged that oil and gas blocks in disputed territorial areas were auctioned to the United Kingdom. According Continue Reading
The Norwegian consultancy firm that gathered data on Mogadishu’s oil stock in the Indian Ocean says it only worked on blocks in Somali territory. The information gathered by Spectrum Geo Continue Reading
President Muhammadu Buhari on Wednesday in Abuja pledged the cooperation of Nigeria to the effort of oil-producing nations to reduce output to attract higher prices in the global market. A Continue Reading
State-owned Indian Oil Corp (IOC) has signed its first annual deal to buy US oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 Continue Reading
Crude oil deposits discovered in Kenya are insufficient to justify construction of a refinery, a senior petroleum ministry official said on Tuesday. Kenya discovered commercial oil in 2012 in its Lokichar Continue Reading
Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS 2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, Continue Reading
ABUJA (Reuters) – Politicians and voters across Nigeria expressed dismay and disappointment on Saturday after a national election was postponed hours before polls were due to open, with one opposition Continue Reading
The Nigerian Navy (NN) says it has destroyed no fewer than 637 illegal refineries in the Niger Delta in 2018, through “Operation River Sweep”. The Chief of Naval Staff, Ibok-Ete Ibas, Continue Reading
The Niger Delta Avengers (NDA)—the militant group responsible for most of the attacks on Nigeria’s oil infrastructure in 2016— resurfaced days before the Nigerian presidential elections this weekend, saying that Continue Reading
Shell Nigeria Exploration and Production Company (SNEPCo) has announced the release of Invitation to Tender (ITT) to contractors for the development of the Bonga South West Aparo (BSWA) oil field. Continue Reading
Many South African politicians, economists and specialists in the energy sector are celebrating the news that a promising show of natural gas has been discovered in deep water south of Mossel Bay. Continue Reading
Nigeria’s state-owned refinery in Kaduna, a rusted hulk set on about three square kilometres on the parched outskirts of the northern city, has the capacity to process 110,000 barrels of Continue Reading
Libya’s state oil firm NOC is committed to a swift resumption of oil output at the El Sharara oilfield, but only after its workers’ safety is assured, it said on Continue Reading
Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest-ever oil and gas exploration tenders on Tuesday, as the country looks to sustain Continue Reading
The speaker of the Libyan parliament urged the head of National Oil Corp (NOC), Mustafa Sanalla, to lift the force majeure declared in December at El Sharara, the North African Continue Reading
Eastern Libyan military forces have full control of Libya’s biggest oilfield, El Sharara, a spokesman said, in a challenge to the internationally recognized government in Tripoli. There was no immediate Continue Reading
Forces from the Petroleum Facilities Guard sent by the UN-recognized government of Libya have reached the Sharara field, which the Libyan National Army, affiliated with the rival government in Eastern Continue Reading
Rival army forces—one loyal to the UN-backed Libyan government and another to a strongman from the east— are fighting for control over Libya’s largest oil field, Sharara, which has been Continue Reading
A unit of forces loyal to Libya’s UN-backed government in Tripoli has been sent south to secure the country’s largest oil field, Sharara, which has been shut in for nearly Continue Reading
A Libyan general has seized the country’s largest oil field, according to officials, cementing control over one of the North African nation’s key economic resources and increasing the likelihood the Continue Reading
Tokyo Gas Co, Japan’s largest gas utility and a major LNG player, and British energy supplier Centrica agreed on Tuesday to jointly purchase 2.6 million tonnes of LNG per year Continue Reading
French oil and gas major Total’s discovery offshore South Africa could be around 1 billion barrels of total resources and is “probably quite big”, the company’s chief executive Patrick Pouyanne, Continue Reading
Somalia is set to inch close to oil exploration with the unveiling of the block delineation and legal and regulatory framework to guide the sector on Thursday. The move is Continue Reading
Global discoveries of conventional oil and gas could jump to 20 billion barrels of oil equivalent this year as an industry-wide recovery in exploration activity continues to ramp up, research Continue Reading
A Petroleum Facilities Guard unit belonging to the Libyan government backed by the United Nations is heading to the El-Sharara oil field, Qatar-based al Jazeera TV reported in a tweet Continue Reading
Federal Government has been accused of failing to show the necessary commitment needed to end gas flaring in the Nigerian petroleum industry. This was the view of former Chairman of Continue Reading
The loss from oil thefts imperils the country’s economy A new report on the protracted practice of crude oil theft in Nigeria has disclosed that amongst those involved in the Continue Reading
The state-held National Oil Corporation (NOC) of Libya has a budget of US$50 billion to invest in its oil and gas sector this year, as it looks to overcome safety Continue Reading
The Nigerian Customs Service (NCS) cumbersome documentation process may have delayed about 25 vessels currently stuck on the Lagos high sea, laden with petroleum products, and other goods waiting to Continue Reading
Dangote Petroleum Refinery will create $11billion per annum market for Nigerian crude because it is designed for 100 per cent Nigerian crude with flexibility to process others and it will Continue Reading
France’s Total will officially endorse a decision to proceed with the development of a new project offshore Nigeria, the Ikike project, Patrick Pouyanné, the chief executive of the oil and Continue Reading
Country loses estimated N995.2bn annually A new report on the age-long crude oil theft in Nigeria has revealed how International Oil Companies (IOCs) in the Niger Delta region steal and Continue Reading
Oil thieves illegitimately refining crude oil at Otor-Edo and surrounding communities in Ughelli South Local Government Area, Delta State, and soldiers from the 222 Battalion, Agbarha-Otor, in the state are Continue Reading
There is no respite for Libya on its bumpy road to recover crude oil production to the levels of 2011, when the toppling of Muammar Gaddafi plunged the country into Continue Reading
Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year, the petroleum minister Continue Reading
South Sudan has begun to repair and pump oil from wells damaged in the civil war and will ramp up production by the end of the year, the oil minister Continue Reading
With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those changes Continue Reading
Libya reopened on Thursday all its oil loading terminals where operations were suspended for nearly a week due to inclement weather, S&P Global Platts reports , quoting a source close Continue Reading
Nigeria ranks among the top 10 cheapest petrol selling countries in the world, a policy group has revealed in its latest report. In its report released on 15 January, the Continue Reading
