Earlier in the week, details emerged that President Muhammadu Buhari had withheld assent to the harmonised Petroleum Industry Governance Bill (PIGB). Ita Enang, the presidential aide on National Assembly Matters, Continue Reading
Civilians in Libya’s capital have been caught up in the deadly clashes between rival militias Some 400 prisoners have escaped from a facility near the Libyan capital Tripoli amid deadly Continue Reading
Against the backdrop of recent threats by militant groups to resume disruption of oil production in the Niger Delta, James Emejo and Chineme Okafor write that the Nigerian economy could Continue Reading
Libya’s oil production has been holding at around 1 million bpd for the past couple of weeks, rising slightly this week thanks to increased production at two small oilfields in Continue Reading
The news, early this week, that President Muhammadu Buhari has refused to assent to the Petroleum Industry Governance Bill (PIGB) and has returned it to the Senate, struck me like Continue Reading
Unarguably, the African continent is home to five of the top 30 oil producing countries in the world. Nigeria, with a maximum crude oil production capacity of 2.5 million barrels Continue Reading
The Nigerian National Petroleum Corporation (NNPC) is to establish two condensate refineries with 200,000 barrels per day (bpd) refining capacity at Western Forcados Area and Assah North, Ohaji South (ANOH) Continue Reading
Political actors in Libya, a member of the Organization of Petroleum Exporting Countries, shouldn’t settle scores through violence, the U.N. mission stated. The U.N. Support Mission in Libya called for Continue Reading
While Nigeria’s President Muhammadu Buhari is said to be withholding signing the country’s new petroleum bill into law over concerns that it strips the president of powers over the industry, Continue Reading
As a result, Royal Dutch Shell PLC, BP PLC and Eni SpA have invested billions of dollars in Egypt in recent years, including the Mediterranean Sea’s biggest natural-gas field off Continue Reading
A disagreement in the areas impacted by an oil leak on the Trans Ramos Pipeline within Shell’s oilfield at Aghoro communities in Bayelsa has stalled a joint investigation of the Continue Reading
Highlights US-China trade dispute pulling more Libyan crude east Almost 200,000 b/d has flowed to Asia in 2018 More than 20% of exports poised to go east Key buyers include Continue Reading
Sudan and China are close to signing new deals on oil and gas exploration that Chinese companies would carry out in the African country, Sudan’s ambassador to China Ahmed Shawir Continue Reading
Thirty crude oil cargoes are sitting in Nigeria and waiting for buyers, Reuters reports, citing trading sources who added that the cargoes were part of the country’s loading schedule for Continue Reading
The recent turmoil in Libya’s Oil Crescent – a region which stretches along the coast from Sirte to Ras Lanuf, and which extends down to the Jufra district – has Continue Reading
An export pipeline in the Niger Delta remained closed after a subsidiary of Royal Dutch Shell said it was responding to a release of crude oil. The subsidiary, Shell Petroleum Continue Reading
The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining Continue Reading
But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil Continue Reading
London — Oil major Shell shut-in the Trans Ramos pipeline which feeds into Nigeria’s Forcados oil export terminal, to clean up crude oil spilled from a ruptured section, it said Continue Reading
Persisting security concerns over Libya’s oil export capacity and the political divisions in the country fetch large tanker freight premiums for shipowners daring to call at Libyan ports for crude Continue Reading
The Nigerian National Petroleum Corporation will float 40 percent of its stock on the local stock exchange once the President signs the Petroleum Industry Governance Bill, Nigerian media report . Continue Reading
French supermajor Total will increase Nigeria’s oil production by 200,000 bpd by the end of the year, a senior official from the local unit of the company said at an Continue Reading
Libya’s crude oil production has exceeded 1 million bpd for the first time since June, when port blockades and a kidnapping caused production outages that within a month brought production Continue Reading
Africa in the next three years. The Chief Strategist at the NNPC, Mr. Bala Wunti disclosed this. Wunti, who is the Group General Manager, Corporate Planning and Strategy of the Continue Reading
The Nigerian National Petroleum Corporation (NNPC) and a Chinese consortium have met in Dubai, United Arab Emirate, to work towards finalising the term sheet for financing of the 614 kilometres Continue Reading
Savannah Petroleum declares success at its latest oil exploration campaign in Nigeria. Photo courtesy of Savannah Petroleum Aug. 15 (UPI) — The latest confirmed oil discovery in a basin in Continue Reading
From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it’s strengthening its position in Egypt. The company stated Tuesday that its Continue Reading
Libya’s crude oil recovery has seen output rise above 1 million b/d for the first time since early June, sources close to the production said Tuesday. Receive daily email alerts, Continue Reading
Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that a group of investors has acquired a 100,000-barrel per day, BPD, refinery in Turkey, from British Petroleum, BP, and are currently in Continue Reading
Nigeria is banking on the 200,000 b/d offshore Egina project to boost its production by over 10%, as the Total-operated field is expected to come online later this year. Receive Continue Reading
Shell’s presence in Nigeria has been controversial, what with lawsuits for the pollution of the Niger Delta, chronic pipeline vandalism and, in recent years, militant attacks on oil-producing infrastructure. But Continue Reading
LONDON (Reuters) – A huge oil refinery being built in Nigeria by Africa’s richest man is unlikely to start production until 2022, two years later than the target date, sources Continue Reading
The United Arab Emirates will build an oil pipeline connecting Eritrea’s port city of Assab with Ethiopia’s capital Addis Ababa, an Ethiopian state-affiliated broadcaster said on Friday. Fana Broadcasting said Continue Reading
The energy minister in Niger said the government wants to see oil production start as soon as possible. Photo courtesy of Savannah Petroleum Aug. 8 (UPI) — The government of Continue Reading
An Egyptian company is set to begin importing gas from Israeli offshore fields in the first quarter of 2019 and to re-export it as part of its plan to become Continue Reading
The construction of the 650,000 barrels of crude oil per day Dangote Refinery is expected to help Nigeria save over $7.5 billion through import substitution.The project, will put Nigeria on Continue Reading
The Peoples Democratic Party (PDP) Monday charged President Muhammadu Buhari and the ruling All Progressives Congress (APC)-led administration to tell Nigerians what they know about the N9 trillion ($25 billion) Continue Reading
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said on Sunday, under agreements signed Continue Reading
The construction of the 650,000 barrels of crude oil per day Dangote Refinery by the Dangote Group is expected to help Nigeria save over $7.5 billion through import substitution and Continue Reading
The decision to go ahead or withhold action the development of Nigeria’s Bonga Southwest offshore oilfield by Royal Dutch Shell and its partners has been put off till 2019, a Continue Reading
Nigeria’s crude oil production is expected to rise further if Royal Dutch Shell and its partners, next year, decide whether to go ahead with the development of the nation’s Bonga Continue Reading
Shell Nigeria’s production unit Tuesday said it hoped to conclude negotiations soon on a commercial framework for the expansion of the Bonga deepwater oil field, after which a final investment Continue Reading
It’s a plight that affects all international oil majors, ranging from UK-based BP, to Irving Texas-based ExxonMobil, the world’s largest publicly traded oil company, to China’s state-owned oil and gas Continue Reading
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has suggested that upcoming petroleum refining plants in Nigeria could place a lot of demand on the country’s oil production Continue Reading
Between March 2017 and March 2018, a period of 13 months, the Nigerian National Petroleum Corporation (NNPC) incurred a loss of N240,304,755,518 as under-recovered expenditure in importing petrol at the Continue Reading
The Nigeria National Petroleum Corporation (NNPC), on Wednesday pledged that more than five million jobs would soon be created to alleviate the unemployment levels in the country. The Group Managing Continue Reading
Tullow Oil had threatened over the weekend to shut down its oil wells in the Lokichar basin if the government does not act soon to remedy production, security, and transportation Continue Reading
Oil producing communities in the Niger Delta region of the country have indicated their preference to have the new bill – the Petroleum Host and Impacted Communities Bill (PHICB) – Continue Reading
Kenya’s oil industry is facing new challenges as Tullow Oil threatened over the weekend to shut down its oil wells in the Lokichar basin if the government does not act Continue Reading
The funds will be used to build refineries for one and will also be used to advance petrochemicals and renewable energy projects in the developing economy of South Africa. The Continue Reading
