Libya’s Zawiya Terminal Struck By Labor Protests
A labor strike at the Zawiya oil port in Libya delayed operations on Monday, but oil trading sources that spoke to Reuters said negotiations to end the disruptions are ongoing. Continue Reading
Nigeria: Lessons From UK Court’s Judgment On Niger Delta Oil Spills
The recent judgment by the UK Appeal Court on the dispute between Shell and two Niger Delta communities underscores the need for people of the environmentally-polluted region to seek redress Continue Reading
Nigeria: NEITI – NNPC Yet to Explain Missing Billions
The Nigeria Extractive Industries Transparency Initiative (NEITI), the agency tasked with cleaning up Nigeria’s murky oil industry, has said even though financial accountability has improved, the Nigerian National Petroleum Corporation Continue Reading
Nigeria: Finally, NNPC Admits New Subsidy Regime
A recent revelation by the Nigerian National Petroleum Corporation that it spent N774 million daily to subsidise petrol consumed in the country was a confirmation of Nigeria’s return to the Continue Reading
Angola’s First Offshore Oil Project Prepares To Begin Producing
Even as OPEC-member Angola continues to comply to bloc-wide crude production cuts, its progress on its first offshore oil project remains unhindered, according to a new report by Reuters. Total, Continue Reading
Nigeria: Glut Looms As Buyers Reject Nigerian Crude
Lagos — Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying Continue Reading
Libya could restart 90,000 b/d Elephant field after reaching deal with guards
Having fallen nearly 40% since the end of February, Libyan crude oil output could bounce back to around 1 million b/d with the restart of the 90,000 b/d Elephant oil Continue Reading
Nigeria: Indonesia Wants More of Nigeria’s Crude Oil
The Nigerian National Petroleum Corporation (NNPC) Wednesday said it received a request from Indonesia to supply it more volumes of Nigeria’s crude oil blends to enable it to meet the Continue Reading
Angola Faces Oil Industry Crisis
Angola has been OPEC’s second most compliant member with regard to the 2016 oil production cut deal, but just like the number-one compliant member, Venezuela, this prestige does not come Continue Reading
Rains, filth and medicine shortages turn Angola into malaria hotbed
Heavy rains, filthy conditions, medicine shortages and endemic corruption have combined to make a lethal malarial cocktail for Angola. Since the start of the year, more than 300,000 cases of Continue Reading
Nigeria’s Dependence On Oil Raises Risk Despite Slow Exit From Recession:– IMF
The International Monetary Fund on Wednesday warned that Nigeria remains vulnerable despite slowly exiting recession since its growth is tied to oil prices and improved revenues are restricted to the Continue Reading
Nigeria Can Produce Oil At $20 A Barrel
The Nigerian National Petroleum Corporation can produce crude oil at around US$20 a barrel, but there are plans to bring this even lower, to US$15 a barrel, the company’s group Continue Reading
Nigeria Has Lost U.S. Oil Export Market Forever
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said Nigeria has forever lost United States of America, USA, as a significant crude export market. Up until the early Continue Reading
Sharara Oil Field Resumes Pumping After Weekend Shutdown
Crude oil production at Sharara, Libya’s biggest oil field, was briefly suspended after the pipeline that feeds the crude from the field to the Zawiya terminal was blocked. That’s what Continue Reading
Libya Security Environment Still ‘Deeply Fractured’
Investment uptick in Libya is unlikely until more substantial political progress is made, analysts say. Total S.A.’s recent acquisition of Marathon Oil Libya Limited is a sign of gradual improvement Continue Reading
Libya resumes production from key Sharara oil field
Libya resumed production on Monday from its largest oil field, the 340,000 b/d Sharara field, after a brief shutdown caused by the closure of its Sharara-Zawiya export pipeline. The field Continue Reading
Nigeria: Malabu Scandal – Confused Govt Hires Two Different Attorneys for Italian Trial
There was confusion at an Italian court Monday as two lawyers purportedly representing the Nigerian government surfaced in the trial of Shell and Eni executives over alleged corruption in Nigeria. Continue Reading
Nigeria: NNPC – Nigeria Produces Barrel of Oil At $20
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said that the corporation has as at today brought down the cost of production of Continue Reading
Biggest Libya Oil Field Stops Pumping on Pipeline Halt
Libya’s Sharara oilfield stopped pumping crude oil several days after output plunged at another of the OPEC member’s biggest deposits. View full article at www.bloomberg.com
Nigeria: 3,000 Oil Jobs Under Threat As Labour Dispute Threatens Nigerian Content Policy
The raging labour dispute between the oil workers’ unions and Nigerian indigenous firms that have committed huge resources to develop local capacity and capability in line with the Nigerian Oil Continue Reading
Total snaps up Marathon’s assets in Libya
French energy company Total said Friday it spent $450 million to take on Marathon’s holdings in Libya after the latter company announced its divestment. The French company said it moved Continue Reading
Trial of Shell, Eni over Nigeria to switch to new Milan court: sources
A logo of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer Earlier this week, the Milan tribunal informed lawyers that Continue Reading
One Of The World’s Largest Crude Storage Facilities Has Been Emptied
Saldanha Bay in South Africa is home to one of the world’s largest crude storage facilities, with a current capacity of 45 million barrels (although more is coming online later Continue Reading
Nigeria Is OPEC’s Only Member To Import Gasoline
Nigeria’s inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Continue Reading
Nigeria: Pipeline Explosion Creates Panic in Lagos
Residents of Peace Estate in Baruwa area of Ipaja, were thrown into panic yesterday, following the explosion of a Nigerian National Petroleum Corporation, NNPC’s pipeline, which resulted in fire. But Continue Reading
New U.S. Sanctions Target Libyan Smugglers
A new round of U.S. sanctions targets Libyan smugglers to block the unauthorized exploitation of natural resources in the North African country, according to a new report by Reuters . Continue Reading
New funding surfaces for offshore Gambia
Up to $45 million in costs to drill a well off the Gambian coast is covered through a deal with Malaysian oil company PETRONAS, Australia’s FAR Ltd. said. PETRONAS, an Continue Reading
Libya Oil Field’s Halt Disrupts Crude Exports From Key Port
El-Feel protests disrupt output for first time in two months Oil field has output capacity of about 90,000 barrels a day Libya’s oil exports from the Mellitah terminal will be Continue Reading
Libya’s El Feel Oilfield Evacuated After Shutdown Threats
Libya’s National Oil Corporation has evacuated its workers from the El Feel, or Elephant, oil field amid threats from the field’s guards who are locked in a pay dispute with Continue Reading
Nigeria: Reps Order Stoppage of $1.8 Billion Turn-Around Maintenance of Refineries
The House of Representatives yesterday ordered the Nigeria National Petroleum Corporation ( NNPC) to stay action on the plan to expend $1.8 billion on the turn around maintenance (TAM) of Continue Reading
Nigeria: Fuel Scarcity May Worsen As Depot Owners Give 14-Day Ultimatum
While Nigerians across many states continue to grapple with the unavailability of petrol at the official price, the situation may get worse due to threat by depot owners. On Tuesday, Continue Reading
Nigeria: Tension in Ogoni As MOSOP Kicks Against Resumption of Oil Exploration
Tension is brewing in Ogoni ethnic nationality of Rivers State following the insistence by Movement for the Survival of Ogoni People, MOSOP, that the people of Ogoni have not endorsed Continue Reading
Payment Delays Could Jeopardize Libya’s Oil Production
Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering Continue Reading
Noble Energy, Israel’s Delek to Supply Gas to Egypt in $15 Billion Deal
Investors in Israel’s natural-gas fields agreed to supply an Egyptian company with gas valued at $15 billion, a deal that will build on growing ties between once-hostile neighbors that now Continue Reading
Is Nigeria Breaking Its Promise To OPEC?
As OPEC allies push to restrict oil output in an international attempt to bolster crude prices, Nigerian producers are heading in the opposite direction, aspiring to increase output by 250,000 Continue Reading
Nigeria: New Threat As U.S., Others Set to Abandon Nigeria’s Oil
There are indications that the United States and other nations will soon abandon Nigeria’s oil, which may negatively affect the nation’s revenue generation. According to the Energy Information Administration (EIA), Continue Reading
Nigeria May Get Refund From Foreign Firms Over $16 Billion Egina Probe
Senate ad hoc committee investigating the $16 billion Egina Deep Sea Project has disclosed that the participating foreign firms in the contract would refund billions of dollars to the Federal Continue Reading
Nigeria Buys 100 Million Liters Of Gasoline To Quell Fuel Shortage
Bloomberg . The “dire” shortage, which has reached “force majeure” proportions, requires 625,000 barrels per day of gasoline imports daily to be quelled, Ndu Ughamadu, a spokesman for the Nigeria Continue Reading
Nigerians Stuck in Queues Nationwide As Fuel Crisis Continues
There is no respite in sight for Nigerians as the fuel crisis, which began in November 2017, continued on Thursday. Most filling stations were out of fuel despite claims by Continue Reading
Nigeria: Govt Orders NNPC to End Fuel Crisis This Week
The Federal Government, Thursday, ordered the Nigerian National Petroleum Corporation, NNPC, to bring an end to the lingering fuel crisis before the end of the weekend. Addressing newsmen on the Continue Reading
Nigeria: Reps Begin Probe On Alleged $21 Bn Crude Oil Loss
An ad-hoc committee of the House of Representatives on Wednesday began a probe into the alleged loss of crude oil in Nigeria worth $21billion. The House had directed the committee Continue Reading
Who will drink the last glass of water in Cape Town?
Because Cape Town sits between picturesque beaches and mountains, it is a favored travel destination . And, its weather during the summer is described as “almost too perfect.” That’s in Continue Reading
Nigeria: ‘Queues Are Likely to Increase in the Coming Week’
Alhaji Alanamu Balogun is the Lagos State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN). He spoke to DANIEL ANAZIA on why incessant fuel scarcity appears to have Continue Reading
Nigeria: 5 Months After, Irate Residents Still Occupy Shell Flow Station
Five months after it shut down Shell flow station at Belema, hundreds of indigenes of Kula are still occupying Shell flow at Belema in Akuku-Torlu Local Government Area of Rivers Continue Reading
Nigeria: Kaduna Refinery Shut Over Lack of Crude
The Kaduna Refining and Petrochemical Company (KRPC) shut down operations on January 15 due to the non-availability of crude oil. The Executive Director, Services, of KRPC, Abdullahi Idris, disclosed this Continue Reading
Nigeria: ‘Niger Delta Militants’ Protest in Ondo
A large number of youth claiming to be former armed militants in the Niger Delta area of Ondo State on Friday protested in Akure, the state capital, over their non-inclusion Continue Reading
Nigeria Adds 200,000 Barrels Per Day To Its Offshore Output Capacity
deal . The vessel’s arrival is part of a $16 billion project by Total on the Egina field, the French company told AFP. Egina lies 150 kilometers from Nigeria’s southeastern Continue Reading
Nigeria: Niger Delta Leaders Plead With Avengers to Call Off Threat
The Pan Niger Delta Forum (PANDEF) yesterday convened an emergency meeting to address the rising tension in the region, particularly the threat by the Niger Delta Avengers to commence “operation Continue Reading
Niger Delta Militants List Key Oil Assets Targeted for Destruction
A Coalition of Niger Delta Agitators yesterday listed a number of oil fields and installations as targets for resumed attacks if Federal Government failed to address specific grievances agitating the Continue Reading
Nigeria: Total’s 200,000 B/D Capacity Egina FPSO Arrives Nigeria
The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, (TUPNI) and her partners yesterday announced the arrival of the Egina Floating, Production, Storage and Offloading unit (FPSO) to the Continue Reading