Royal Dutch Shell has reportedly started talks for the potential $2-billion sale of two disputed Nigerian oil licenses and their infrastructure assets, according to Bloomberg, after four years of failed Continue Reading
Kayrros estimates that more production capacity started to come online at the Elephant oil field and the Sirte basin fields on July 13, reducing total shut-in production in Libya to Continue Reading
Constant pipeline breakages, uncertainties in security of assets amongst other issues in the Niger Delta oil fields have increased oil and gas companies’ average shut down days from 45 to Continue Reading
The latest port blockade in Libya, which had sent the country’s oil production plunging and oil prices surging, was lifted last week with new promises of transparency and the fair Continue Reading
Just a few days after Libya reopened its eastern oil ports and started to ramp up production that had been offline for weeks, the National Oil Corporation (NOC) declared force Continue Reading
A former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB), Mr. Osten Olorunsola has disclosed that oil Continue Reading
After a relatively stable spell, Libya’s oil production has see-sawed again because of a standoff at eastern export terminals and the abduction of two workers at the giant Sharara oilfield. Continue Reading
Africa-focused SDX Energy said Monday it achieved success at an emerging natural gas reservoir that could be in production by the fourth quarter. The company in June announced the discovery Continue Reading
Just a few days after Libya reopened its eastern oil ports and started to ramp up production that had been offline for weeks, production at one of the country’s largest Continue Reading
Shell lifted the force majeure on exports of Nigerian crude Bonny Light on Friday following the repair and reopening of the Nembe Creek Trunkline (NCTL) by the operator, it said Continue Reading
With a British warning for Nigeria in place, there are concerns that militancy in the oil-rich Niger Delta could upend the political climate, a researcher said. The British Foreign and Continue Reading
Mustafa Sanalla, the head of Libya’s U.N.-backed oil company, said work is under way to bring production back to normal after four weeks of unrest. Photo courtesy of the National Continue Reading
Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC) Continue Reading
Nigeria’s oil sector is estimated to have lost over 754,000 barrels per day (bpd) in February, to production shut-in occasioned by pipeline vandalism, according to the latest monthly financial report Continue Reading
The fuel crisis has returned to the three states of Kordofan, affecting transportation within towns and travel to other states. For a week, the authorities of Babanusa have stopped supply Continue Reading
When back in September 2016 the Libyan National Army retook control over the export terminals in the country’s Oil Crescent from the Petroleum Facilities Guard and handed it over to Continue Reading
Libya has lifted as of Wednesday its force majeure on the Ras-Lanuf, Es sider, Marsa, El Hariga and Zueitina oil terminals, National Oil Corporation Chairman Mustafa Sanalla said in a Continue Reading
With oil production woes pressuring the Libyan economy, the president of the European Parliament said Monday that Libyan security means European security. European Parliament President Antonio Tajani met Monday in Continue Reading
A new oil discovery in the Western Desert of Egypt could unlock a new area for productivity gains in the country, Italian energy company Eni said Monday. Eni said it Continue Reading
Exxon Mobil and Eni announce they’ve submitted the development plans for a liquefied natural gas facility to the Mozambique government for approval. Photo courtesy of Eni July 9 (UPI) — Continue Reading
Oil is the lifeblood of the modern world. Its importance in the global economic scene cannot be overemphasised. Without oil, industrialisation of the world would have not happened at the Continue Reading
The Akwa Ibom Police Command on Sunday confirmed the arrest of a village head and four suspects for allegedly abducting 19 ExxonMobil staff members. MacDon Achebe, the State Police Public Continue Reading
A Libyan oil executive called on international investors to remain committed to the country, adding economic problems could have a spillover effect. Mustafa Sanalla, the head of Libya’s National Oil Continue Reading
Africa’s richest man Aliko Dangote, who is financing the construction of one of the world’s largest oil refineries, believes that the 650,000-bpd facility could be near its full capacity by Continue Reading
The start of natural gas production off the coast of Libya is a breath of fresh air for a country facing significant security risks, a company chairman said. A joint Continue Reading
The eastern Libyan government based in Tobruk has accused Qatar of aiding the militant groups that tried to take over the country’s oil ports last month, Sputnik reports , citing Continue Reading
The Nigerian National Petroleum Corporation (NNPC) has said that the country will increase crude oil reserves by one billion barrels yearly to meet 40 billion barrels target by 2020. Group Continue Reading
Delta has destroyed about 1500 illegal refineries with swamp buggy in the Delta creeks in the last two months. The Commander of the ship, Commodore Ibrahim Dewu, disclosed this to Continue Reading
Nigeria was recently rated the poorest country in the world, ahead of India, and that’s despite several hundred billion dollars in oil earnings over the last decade, a transparency group Continue Reading
Libya’s Tripoli-based National Oil Corporation (NOC) is calling for sanctions against 46 individuals and entities seeking to run four oil ports that are now closed after the latest unrest took Continue Reading
Libya is mired in a fresh struggle over control of its crude exports after a major rift opened up this week between the Tripoli-based and UN-backed National Oil Corporation and Continue Reading
A Libyan company said oil production was cut Monday by 850,000 barrels per day because operations at two oil terminals were suspended over control disputes. The Libyan National Oil Corp. Continue Reading
The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian Ministry Continue Reading
Cape Town — Motorists’ wallets are in for another shock after the June petrol price hike. Minister of Energy Jeff Radebe has announced a 23 cents price increase for 93 Continue Reading
Control over oil production in Libya and the revenues it generates need to be in the appropriate hands, the U.N. secretary-general said Thursday. Libya’s National Oil Corp. rejected a move Continue Reading
Ethiopia began on Thursday its first-ever crude oil production under a test production scheme that will see initial production of 450 barrels of oil per day. Ethiopia, a rather large Continue Reading
Ethiopia is to start extracting the first ever natural gas deposit from Ethio-Somali Region as of tomorrow, The Reporter learnt. It is to be recalled that back in March, 2018, Continue Reading
Conflicting claims over oil in OPEC-member Libya threaten to tear the country apart, a researcher at a risk consultant group said. File Photo by cherezoff/Shutterstock June 26 (UPI) — The Continue Reading
The latest discovery of oil in the deep waters of OPEC-member Angola could hold as much as 300 million barrels of oil, Italian energy company Eni said. Eni discovered oil Continue Reading
The Libyan oil plot jut thickened after the Libyan National Army said it had passed control of the country’s oil ports to a non-officially recognized National Oil Corporation affiliated with Continue Reading
The future of Libya’s crude oil exports has been plunged into even greater uncertainty with a rift opening between the National Oil Corporation and the so-called Libyan National Army over Continue Reading
A rogue military commander who oversees the eastern half of Libya has handed control of vital oil facilities to a rival of the U.N.-backed government in Tripoli, potentially escalating the Continue Reading
At least four in every 10 oil and gas contracts will be awarded to Ugandans, the government said yesterday. The Media Centre executive director, Mr Ofwono Opondo, said a Cabinet Continue Reading
Disputes with Senegal’s government over oil and gas exploration rights offshore may head to an international panel for arbitration, African Petroleum said. The company, which has headquarters in London and Continue Reading
A Libyan oil company announced that blazes at oil storage tanks at a depot in eastern Libya have been safely extinguished following mid-June militant attacks. Anti-government forces loyal to militia Continue Reading
The Libyan National Army has retaken the key eastern oil terminals of Ras Lanuf and Es Sider that shut 450,000 b/d of crude production, the head of the state-owned National Continue Reading
The El Gezira and El Managil Agricultural Scheme has warned of the failure of planting sorghum, groundnut and cotton in the current agricultural season because of the increasing prices of Continue Reading
Drilling completed in an emerging West African oil prospect in land-locked Niger. Photo courtesy of Savannah Petroleum June 22 (UPI) — Oil prospects from frontier basins in West Africa could Continue Reading
As the U.S. government weighs in on the conflict in the OPEC member, military forces in Libya regained control over key oil installations, reports read Thursday. Al-Jazeera reported Thursday that Continue Reading
Clashes at Libya’s oil port of Ras Lanuf resulted in a third storage tank set on fire, a witness and an oil engineer told Reuters on Thursday. Over the past Continue Reading
