Libya’s National Oil Corporation (NOC) is considering using a chemical marking system to help trace oil products smuggled out of the country, its chairman said on Wednesday. Mustafa Sanalla also Continue Reading
Africa’s second-largest oil producer Angola is seeking non-financial assistance from the International Monetary Fund (IMF) to help it with reforms aimed at revitalizing the economy that has suffered from low Continue Reading
Italian energy company Eni said Tuesday it signed a series of agreements with a state-run company in Algeria that could lead to greater gas production. Eni CEO Claudio Descalzi met Continue Reading
Although Nigeria is Africa’s largest oil producer, it is also one of the continent’s largest importer of refined petroleum products. However, despite being a net importer of refined petroleum products, Continue Reading
Gbenga Onadeko is the Senior Vice President, Africa, for Welltec. In this interview, he speaks on how technology can drive down Nigeria’s cost of oil production from $20 to $6 Continue Reading
British energy company BP is moving ahead with development of a liquefied natural project off the West African coast with early design work, a contractor said. French services company TechnipFMC Continue Reading
According to Sudan’s Central Bureau of Statistics, the inflation rate in the country in March reached 55.60 percent; up from 54.34 percent in February. Public transport prices nearly doubled last Continue Reading
Nigeria’s crude oil production stood at 2.022 million, bpd in March, 277,000 bpd below the 2.3 million bpd benchmark for budget 2018, indicating, the country is still struggling to step Continue Reading
With production close to a two-year low, presidential action in OPEC-member Angola has the potential to reverse a steady decline, analysis finds. “Low oil prices and the fact that the Continue Reading
In Benghazi’s devastated downtown, ex-fighters warmed themselves over a bonfire made from broken furniture. The forces of Gen. Khalifa Hifter routed the last Islamist militias from Benghazi in December. BENGHAZI, Continue Reading
Since the ousting and subsequent killing of Muammar Gaddafi in 2011, Libya’s oil production has remained below capacity. With the lingering effects of civil war, the country which is a Continue Reading
Despite the fact that Nigeria as a whole managed to increase and stabilize its crude oil production last year, crude oil theft on Shell’s pipeline network resulted in a 50-percent Continue Reading
No fewer than 45 vessels are expected to berth at Lagos ports in two weeks, with 15 of such vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol.Vessels Continue Reading
Sudan — The fuel crisis has hit the capital of Sudan and all the states doubling the suffering of the residents in all the markets in the countryside, towns and Continue Reading
When oil and gas production started at the Erhoike flow station, Kokori/Orogun bloc, Delta State in 1963, just three years after the nation’s independence, the villagers, chiefly subsistence farmers, who Continue Reading
Libya’s National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of an office complex in the Continue Reading
Abuja — A study commissioned by the Nigerian Natural Resource Charter (NNRC) and conducted by the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan on the contributions Continue Reading
Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, with an increased out put of 91,500 barrels per day (bpd) in February 2018. Angola, which Continue Reading
The Sahara Desert has expanded by about 10 percent since 1920, according to a new study by University of Maryland scientists. The research is the first to assess century-scale changes Continue Reading
The drilling rights the company sought in Liberia, however, appeared to be linked to former officials from the West African nation, according to internal Exxon documents reviewed by The Wall Continue Reading
Sudan — The shortage of fuel and cooking gas has renewed in Khartoum and a number of states over the past two days. People reported to Radio Dabanga that buses Continue Reading
The drilling rights the company sought in Liberia, however, appeared to be linked to former officials from the West African nation, according to internal Exxon documents reviewed by The Wall Continue Reading
Clashes flared between Sudan Sudanese troops and rebels, complicating talks to end the civil war that has cut oil production, two days after a regional bloc called for the insurgents’ Continue Reading
Oil majors Anadarko, Total, ENI and Statoil have expressed interest in helping Algeria start offshore drilling, according to state news agency APS which quoted the CEO of the North African Continue Reading
The three tiers of government couldn’t share revenue for the month of February owing to discrepancies of about N37.76 billion in revenue presented by the Nigeria National Petroleum Corporation (NNPC). Continue Reading
The labour dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the oil service firms has worsened despite efforts by Petroleum Technology Association of Nigeria Continue Reading
Representatives of the 36 states and the Federal Capital Territory, Abuja returned home on Tuesday disappointed as the Federation Accounts Allocation Committee (FAAC) meeting ended in confusion in Abuja amid Continue Reading
Crude oil output from independent and sole risks producers have increased by over 100 per cent from 2.388 million barrels recorded in May 2017 to 7.487 million barrels in June, Continue Reading
Thousands of oil workers in Nigeria may lose their jobs after a wave of picketing against several service companies from the industry from members of the Petroleum and Natural Gas Continue Reading
Royal Dutch Shell has filed a criminal complaint with Dutch authorities against a former employee over the sale of a Nigerian onshore oilfield in 2011, a Shell spokesman said on Continue Reading
Algeria is mulling over luring in international oil companies with tax incentives in a new energy law aimed at stimulating the North African country’s oil and gas industry. The government Continue Reading
There are indications that thousands of jobs may be lost as the confrontation between Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and petroleum industry service firms worsens. Leaders of Continue Reading
Leaders of Niger Delta, yesterday, gave members of Reformed Niger Delta Avengers, RNDA, and other militant groups in the region a four-day ultimatum to withdraw their 30-day ultimatum issued to Continue Reading
The United States on Wednesday placed sanctions on 15 South Sudanese oil-linked operators it said were substantial sources of revenues for the government, aimed at increasing pressure on President Salva Continue Reading
Warri — Department of State Service, DSS, has called on Nigerians not to panic over reported threat by some groups under the aegis of Niger Delta Avengers to wreak havoc Continue Reading
A fractured political landscape is creating economic headwinds for oil-rich Libya, Human Rights Watch said. File photo by cherezoff/Shutterstock March 21 (UPI) — Oil-rich Libya is risking economic opportunities with Continue Reading
In February, Noble Energy and its partners reached an agreement with the Egyptian company Dolphinus Holdings to sell gas from offshore Israel to Egypt, a deal that could jumpstart a Continue Reading
After making an upward revision to the reserve estimate offshore Senegal, Australia’s FAR Ltd. said a final investment decision is expected next year. FAR Ltd. and its joint venture partners Continue Reading
Crude oil could turn Ghana into one of the fastest-growing economies in the world. This seems to be the message coming from analysts as the West African country is set Continue Reading
Amnesty International has accused international oil companies, Shell and Eni of negligence when addressing spills in Nigeria, describing their actions as “serious negligence.” Amnesty said the companies were “taking weeks Continue Reading
Prototype of the modular refinery in Gbarain, Yenagoa. With the launch of Azikel Petroleum Refinery, Nigeria’s first modular refinery, Emmanuel Addeh , examines the prospects and challenges of modular refineries Continue Reading
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Nigerian Agip Oil Company Limited (NAOC) have faulted Amnesty International’s (AI’s) oil spill report against them. While SPDC described the Continue Reading
Nigeria’s long-awaited Petroleum Industry Governance Bill (PIGB) will be signed into law by President Muhammadu Buhari towards the end of March, legislators hope, according to Reuters . The OPEC nation Continue Reading
Production has started in an area that revealed more than 3 billion barrels of oil in place off the coast of Angola, Italian energy company Eni said. Eni and Angolan Continue Reading
British Petroleum has begun to sell off its mature oil fields in Egypt to shift its focus to developing the country’s large natural gas reserves, according to a new report Continue Reading
In a groundbreaking research project, Amnesty International has accused Shell and Eni of gross negligence and irresponsible approach to oil spills in the Niger Delta, thereby exacerbating environmental crisis in Continue Reading
Amnesty International on Friday accused international oil majors Shell and Eni of negligence when addressing spills in Nigeria. Describing their actions as “serious negligence”, Amnesty said the companies were “taking Continue Reading
Abuja — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, wednesday in Abuja, said the idea of modular refineries in the Niger Delta was not designed to address Continue Reading
The Nigerian National Petroleum Corporation hinted yesterday that overhaul projects of the nation’s ailing refineries will commence in the second quarter of 2018. According to Reuters, the chief operating officer Continue Reading
West Africa’s biggest fuel consumer Nigeria will start reducing the sulfur levels allowed in fuel imports in July 2018, a year after a July 2017 deadline it had initially pledged Continue Reading
