Situated near emerging oil basins offshore West Africa, a review of resources in Sierra Leone suggested a vast increase in potential, an explorer said. Exploration and production company African Petroleum Continue Reading
Nigeria’s state oil firm said on Thursday it has more than doubled the daily supply of fuel for motorists to 80 million liters, amid a run on petrol that has Continue Reading
The Egyptian energy sector will be transformed now that production started at the Zohr gas field, one of the biggest in the world, Italy’s Eni said Wednesday. Production started at Continue Reading
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Ivory Coast has awarded partners BP and Kosmos Energy five new offshore oil blocks under an agreement with state oil company Petroci, government spokesman Bruno Kone said on Wednesday. Petroci Continue Reading
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it released 300 trucks of petrol to Lagos and 170 to Abuja, to stem long queues at filling stations. NNPC Spokesman, Continue Reading
Spanish energy company Repsol said it started production from a complex of Algerian gas fields, finishing off one of its most significant African developments. Repsol CEO Josu Jon Imaz joined Continue Reading
Just as oil watchers wonder whether Libya’s ambitious oil production targets could undermine the OPEC deal, Libya’s General Haftar—the man largely responsible for freeing up Libyan oil production after two Continue Reading
A Nigerian oil workers union launched a strike on Monday, citing unfair labor practices, threatening to disrupt a significant portion of the country’s oil supply. But the strike was called Continue Reading
Less than 24 hours after it began an industrial action, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has backed off following the recall of its members Continue Reading
One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said. The Petroleum and Natural Gas Senior Staff Continue Reading
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said it had mobilised its members for a nationwide strike beginning from today following inability of the Minister of Continue Reading
The Federal Government has lost $21 billion (about N7.6trn) to faulty agreements with international oil companies from 1993 to 2017. Addressing State House reporters after the cabinet meeting yesterday, the Continue Reading
Nigeria’s projected growth in refining capacity over the early 2020s will ‘substantially’ erode the country’s crude oil exports due to a ‘weak’ new project pipeline. Nigeria’s projected growth in refining Continue Reading
Russia is ready to consider easing an arms embargo for Libya, the Interfax news agency cited Russian Deputy Foreign Minister Gennady Gatilov as saying on Wednesday. Libyan Prime Minister Fayez Continue Reading
Japan’s Sumitomo Mitsui Banking Corporation Europe Ltd (SMBCE), Standard (Stanbic) Bank, and Industrial and Commercial Bank of China Limited (ICBC), the three financial advisors for France’s Total E&P, Uganda-Tanzania, and Continue Reading
Despite the pledge by the Nigerian National Petroleum Corporation (NNPC) to flood the country with petrol, most of the depots in Lagos were still dry at the weekend as the Continue Reading
Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal that it actually has immediate Continue Reading
The boom in oil money helped crown Angola’s seaside capital, Luanda, as the world’s most expensive city. Angola was once a magnet for the world’s biggest oil companies, drawing billions Continue Reading
The additional revenue generated from the reforms will be used to help balance the federal budget and encourage fresh investment in the energy industry. “The reform is aimed at increasing Continue Reading
Nigeria’s lack of infrastructure is hampering the transportation of gas to power plants, and six plants are currently sitting idle in the country because they lack gas, according to Shell’s Continue Reading
China’s Sinopec Group has hired BNP Paribas ( BNPP.PA ) to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said, as the state-owned Continue Reading
Nigerians have been thrown into panic following the re-emergence of long queues at fuel stations in parts of the country. The situation, amid rumour of hike in pump price of Continue Reading
Exxon Mobil ( XOM.N ) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry Continue Reading
Protestors shut down Adibawa wells 4 and 10, which feed into a flow station of the same name. Hundreds of demonstrators, comprising youths, elderly people, and women gathered to sing Continue Reading
The biggest real-estate foreclosure in Manhattan’s history began with a Nigerian jet-fuel binge. Kola Aluko, now in hiding from the authorities of multiple countries, allegedly spent so much money on Continue Reading
Beyond discussing the broader terms of the production cut deal, OPEC will crunch the numbers of exempt producers Libya and Nigeria this week to see if their oil production has Continue Reading
Egypt clarified that option to import Israeli gas still open Previous arbitration ruling remains an obstacle to deals A natural gas production platform west of the Ashkelon shore in Israel. Continue Reading
Nigeria’s state oil company is venturing into renewable fuels with a contract that will see a bioethanol plant built in the state of Kebbi, in northeastern Nigeria. The plant will Continue Reading
The House of Representatives has criticised a bid by the Nigerian National Petroleum Corporation, NNPC to spend $1.8 billion on the maintenance of the refineries across the country. In a Continue Reading
West African explorer FAR Ltd. said Tuesday that an independent audit has uncovered at least 1 billion barrels of oil offshore Gambia. FAR Ltd., an Australian company with a strong Continue Reading
The Reformed Niger Delta Avengers (RNDA), has again kicked against the proposed Tuesday meeting of the Pan Niger Delta Elder Forum (PANDEF) in Warri, Delta State, describing the meeting as Continue Reading
The humanitarian situation in Libya is in a severe state even though the OPEC-member sits on “vast wealth,” a United Nations envoy said. Ghassan Salamé, the U.N. special envoy for Continue Reading
Supreme Egbesu Tigers of Africa, a militant group in the Niger Delta region, yesterday, threatened to attack oil and gas facilities belonging to Shell Petroleum Development Company, SPDC, in Ekeremor Continue Reading
Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite, frequently opting for United State (U.S) crude Continue Reading
Angola’s president João Lourenço has dismissed Africa’s richest woman, Isabel dos Santos, as head of the country’s state oil company, in a bold move to wrest power from the family Continue Reading
A new report suggests that African Americans face disproportionate health risks than other races due to pollution from oil and gas. The health risks for African Americans caused by environmental Continue Reading
Another militant group in the Niger Delta has vowed to break its truce against the Abuja government and restart attacks on oil and gas infrastructure in the area, according to Continue Reading
Kenya plans to allocate 30 percent of future oil revenues to the community where the crude oil has been discovered, backtracking on a previous proposal to cap revenues at specific Continue Reading
Nigeria’s Bonny Light crude has seen its price rise to its highest levels since February, as the grade began to trade in a more regular fashion in the spot market Continue Reading
More Fatalities in Western Ethiopia Amid Communal Violence Watch Mugabe’s Son Expose Lavish Lifestyle in a Video Zimbabwe’s Sacked Vice-President Heads for South Africa Any poker site can offer you Continue Reading
West-African explorer Tullow Oil said Wednesday it raised its expectations for production following a string of successes off the coast of Ghana. Tullow, which has headquarters in London, is tapping Continue Reading
The federal and the Delta State governments Monday appealed to the Niger Delta Avengers (NDA) to put paid to its threat at the weekend to resume hostilities in the oil-rich Continue Reading
Algeria’s state energy firm Sonatrach on Monday started $2 billion of new investments into the Hassi Rmel gas field to keep production stable at the country’s biggest gas field. “The Continue Reading
Libya’s state oil company said on Monday there had been a “security breach” at its southern El Sharara oilfield on Sunday night. NOC blamed weak security for the incident at Continue Reading
Nigeria supports an extension of a deal between OPEC, Russia and other non-members to cut oil supply until the end of 2018 “as long as the right terms are on Continue Reading
To the international oil companies working in the Niger Delta region of Nigeria, a militant cease-fire is officially over, the Niger Delta Avengers said Friday. “Our next line of operation Continue Reading
Steady improvements in the U.S. labor market, coupled with militant threats against a major OPEC producer, helped support a soft rally in oil prices Friday. The U.S. Labor Department reported Continue Reading
A Nigerian militant group whose attacks on energy facilities in the Niger Delta last year helped push Africa’s biggest economy into recession said on Friday it had ended its ceasefire. Continue Reading
