Libya’s AGOCO warns of output stoppage
Libya’s Arabian Gulf Oil Co (AGOCO) will stop operations unless it receives its budget allocation for 2020 and 2021, it said in a statement late on Thursday, without giving a Continue Reading
Siemens, Egypt agree to develop hydrogen projects, 200 MW electrolyzer facility
Egypt wants to have 43% of power from renewables by 2035 Siemens Energy and the state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based Continue Reading
Libyan Central Banker Pins Revival Hopes on Higher Oil Output
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Libya needs to boost oil output by almost 40% of its current level in Continue Reading
Libya’s Oil Minister Wants NOC Chairman Out
Libya’s Oil Minister Mohamed Oun has recommended to the government of national unity that it replace the long-serving chairman of the National Oil Corporation (NOC), Mustafa Sanalla, in a board Continue Reading
Oil companies owe Nigerian state agency $4 billion, minister says
International oil companies operating in Nigeria owe $4 billion to an agency responsible for fostering development in the Niger Delta, the impoverished wetlands region where much of the industry is Continue Reading
Nigeria: What 9th National Assembly Did to Get PIB Passed – Senate President
President of the Senate, Ahmad Lawan, yesterday, gave an insight at what the National Assembly did to get the much awaited Petroleum Industry Bill, PIB, passed and eventually signed into Continue Reading
Nigeria’s New Petroleum Bill Gets Signed Into Law
Nigerian President Muhammadu Buhari on Monday signed the country’s newly passed petroleum bill into law, marking the end of 20 years of efforts at Africa’s top oil producer to overhaul Continue Reading
Nigeria: Buhari Signs PIB, Ignores Concerns Over 3% Host Communities Fund
The president’s signing means he accepts the three per cent allocation that dimmed the passage of the bill in July after over a decade. President Muhammadu Buhari has signed the Continue Reading
Nigeria: Buhari Signs PIB Into Law
President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB) into law. Buhari assented to the bill on Monday, according to Femi Adesina, his spokesman. In statement, Adesina said Buhari Continue Reading
5 Things You Need To Know About The World’s Hottest Oil Play
With evidence of an active petroleum system now confirmed after two test wells in Namibia’s 6.3-million-acre Kavango Basin, the game is afoot with 2D seismic and a 6-well exploration drilling Continue Reading