As East Africa’s oil producers race to meet their production targets, funding and infrastructural development hurdles threaten to delay the projects. Uganda, for instance, has been forced to rethink its Continue Reading
International Oil Companies (IOCs) operating in Nigeria may have devised means to compel the Federal Government into changing its fiscal policy on the Petroleum Industry Governance Bill (PIGB). The Guardian Continue Reading
With the oil price heading for the US$80 on the first day of the Africa E&P Summit, which opened today in London, ambitious operators are seeing multiple opportunities and seeking Continue Reading
A Libyan oil company has had to significantly reduce oil production at its fields because the hot weather has caused several turbines to stop working. The company is Agoco, a Continue Reading
Nigerian oil and gas exploration company Oranto Petroleum will be cooperating with Russia’s largest oil producer Rosneft to develop 21 oil assets across Africa, an Oranto official told S&P Global Continue Reading
Racketeering is rife in Sudan’s Kassala as reports from the state complain that the fuel crisis has worsened in an unprecedented manner. A gallon of diesel now cost SDG 600 Continue Reading
The recent closure of the Trans- Forcados Pipeline (TFP) following the May 7, 2018, suspected explosion on the facility at the Diebiri-Batan community in Warri, South West Local Government Area Continue Reading
Libya’s National Oil Corporation shipped its first cargo of propane from Zueitina port, four years after the gas processing plant at the port was closed due to protests, the company Continue Reading
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday indicated that but for the timely interventions of the government, first through back-channel consultations and then open dialogues Continue Reading
Nigeria’s state oil firm, NNPC, on Wednesday gave reasons why some of its mega filling stations in Abuja and environs have been out of service for almost two months now. Continue Reading
OPEC member Angola is halving the tax rates on development of oil discoveries with less than 300 million barrels of reserves as new President Joao Lourenco is trying to incentivize Continue Reading
None of Nigeria’s four refineries worked up to 50 per cent of their capacity at any time during 2017, official figures from the state oil firm, NNPC show. The NNPC Continue Reading
The minister of Mineral Resources and Oil, Diamantino Azevedo, on Monday in Porto Amboim, central Cuanza Sul Province, admitted that the decline in crude-oil production was caused by the substantial Continue Reading
The crude production target of 2.3 million barrels per day proposed in the 2018 budget will not be achieved because of acts of sabotage in the lead-up to the 2019 Continue Reading
A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday. An Continue Reading
Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion oil deal in Nigeria. Now, nine current and former executives or contractors from Continue Reading
The Nigerian subsidiary of Shell has declared force majeure on Bonny Light exports because of the shutdown of the Nembe Creek pipeline, which has led to the accumulation of lots Continue Reading
West African country Ghana, a relative newcomer to the oil industry, plans to award as many as nine offshore blocks off its west coast in 2018 and 2019, Ghana’s energy Continue Reading
It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money. The Nigerian National Petroleum Corporation, the Abuja-based behemoth that dominates Nigeria’s Continue Reading
Vitol, Glencore, and Shell—the three biggest oil traders in the world—are in the running to buy the Nigerian oil assets of Brazil’s state oil firm Petrobras, Reuters reported on Thursday, Continue Reading
Oil on Thursday touched $80 a barrel in London for the first time since 2014 as U.S. crude inventories fell and analysts raise their forecasts for crude prices amidst renewed Continue Reading
Farmers of El Gezira and El Managil Agricultural Scheme are warning for “famine in the country”, as they doubt the upcoming farming season will bring about any yields. “The fuel Continue Reading
A former ally of Nigeria’s President Muhammadu Buhari has pledged to privatize parts of the country’s national oil company if he wins the presidential vote next February. Atiku Abubakar told Continue Reading
Shell Nigeria Exploration and Production Company (SNEPCo) has stated that it delivered a total of 763 million barrels of oil from the Bonga field between its first production in 2005 Continue Reading
The trial of top executives from oil majors Eni ( ENI.MI ) and Shell ( RDSa.L ) over alleged corruption in Nigeria kicked off on Monday with a brief procedural Continue Reading
Oil industry sources over the weekend made startling disclosures of how top industry officials ruined Nigeria’s four refineries by diverting huge funds earmarked for their routine comprehensive turnaround maintenance (TAM). Continue Reading
The Nigerian National Petroleum Corporation (NNPC) says the nation recorded 194 cases of pipeline vandalism between January 2017 and the corresponding period of this year.During the release of its January Continue Reading
Natural gas production from the largest field ever discovered off the coast of Egypt is on pace for a 9 percent increase in output, Italy’s Eni said Thursday. Eni said Continue Reading
Nigeria’s oil production rebounded to 2.07 million b/d in April this year, after it slipped to 2.02 million b/d in the preceding month, according to estimates released Thursday by the Continue Reading
Hundreds of residents took to the streets of the Geziratelfil district of Wad Madani, capital of El Gezira, on Tuesday evening to demonstrate in protest against the fuel crisis, rise Continue Reading
Reaching a production plateau off the coast of Angola stabilizes output at more than 150,000 barrels of oil per day, Italian energy company Eni said. The company said Wednesday it Continue Reading
Hope of reducing Nigeria’s export of its crude oil overseas for refining has been rekindled by the assurance of the Group Managing Director, GMD, Nigerian National Petroleum Corporation, Dr. Maikanti Continue Reading
Algeria plans to raise its budget expenditure by 6 percent this year to capitalize on the higher oil prices ahead of presidential elections next year, but economists warn that boosting Continue Reading
Saudi Arabia would supply Sudan’s energy needs for five years on credit under an agreement being discussed by both governments, Sudan Oil Minister Abdulrahman Othman said on Monday. Othman said Continue Reading
The National Intelligence and Security Service (NISS) has forbidden newspapers in Sudan from publishing any material related to the fuel crisis that has impacted the entire country for several months. Continue Reading
Sudan’s Prime Minister Bakri Hassan Saleh in Khartoum, Sudan March 2, 2017. (Reuters) In a rare admission, Sudan’s prime minister acknowledged his country’s crisis of foreign exchange shortages and economic Continue Reading
Nigerian Petroleum Development Company (NPDC), a subsidy of the Nigerian National Petroleum Corporation (NNPC) will push daily production of crude oil to half a million barrels, emerging as the country’s Continue Reading
Angola’s crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $80 a barrel: BofAML While plunging output in Venezuela captures the oil world’s attention, Continue Reading
State-held Nigerian National Petroleum Corporation (NNPC) aims to make its exploration and production unit—the Nigerian Petroleum Development Company (NPDC)—the top oil producer in the country, local media quoted NNPC group Continue Reading
Libya’s National Oil Corporation (NOC) has held discussions with majors BP and Eni about resuming exploration activity in the North African country, it said on Thursday. BP signed a major Continue Reading
Libyan authorities were informed before French energy major Total closed a $450 million deal with Marathon Oil to take over the U.S. firm’s 16 percent share in the Waha concession, Continue Reading
Egypt’s oil and gas future has been looking bleak for years, as the impact of the Arab Spring, the emergence of a Muslim Brotherhood government and a military coup by Continue Reading
Libyan production for U.S. energy company Hess Corp. increased exponentially from first quarter 2017. Production for Libya in general all but collapsed at the height of civil war. File Photo Continue Reading
Reports from various parts of Sudan to Radio Dabanga tell of the paralyzing effect the fuel shortage has had on traffic and public transportation for nearly two consecutive weeks. On Continue Reading
An early report by Reuters cited a source from the pipeline operator Waha Oil Company who said the pipeline had been attacked by “a terrorist group.” Later, parent company NOC Continue Reading
Nigeria’s excess crude account is set to swell as the price of Bonny Light leaps towards $75 per barrel in the international market. The price of Bonny Light stood at Continue Reading
It could be another week before Libya is able to resume gas exports to Italy as work to complete planned maintenance at key offshore gas fields continues, sources close to Continue Reading
It looks like a bombshell. A long story about what could be the last biggest oil discovery is taking place in Sudan in the newly tapped block-25, better known as Continue Reading
The future of North Africa’s leading oil and gas producer Libya is once again under threat. International media reports that Libya’s strongman General Khalifa Haftar, leader of the LNA, the Continue Reading
Is General Khalifa Haftar dead or alive? The leader of the Libyan National Army disappeared from the public eye earlier this month, and now rumors surrounding his health are beginning Continue Reading
