The Libyan National Oil Company (NOC) said it was “very concerned” about the development of events in the area, adding notes that Wintershall had been reducing production without official notification. Continue Reading
A Lagos Federal High Court has dismissed an application filed by Diezani Alison-Madueke, former Minister of Petroleum Resources, that she be joined as a defendant in an alleged N450m fraud Continue Reading
Most of next year’s budget for Australian energy company FAR Ltd. will focus on Senegal, where Cairn Energy serves as the operator. The majority of the budget for 2018 will Continue Reading
Oil spill victims under the aegis of Oil Spill Victims Vanguard (OSPIVV) have initiated a lawsuit in the United Kingdom against Shell Nigeria Exploration and Production Company (SNEPCO), a subsidiary Continue Reading
The economies of sub-Saharan Africa get some support from oil production in Nigeria and elsewhere, though it flattens out by 2019, the IMF said Monday. The International Monetary Fund said Continue Reading
Chad is on a collision course with top creditor Glencore as it wants to divert oil from the Swiss trading house to U.S. energy company ExxonMobil from the new year Continue Reading
The Nigerian government has disclosed that 26 firms have shown interest in the plan to overhaul the nation’s oil refineries. The Minister of State for Petroleum Resources, Ibe Kachikwu, made Continue Reading
OPEC’s newest member country, Equatorial Guinea, is seeking to lift its crude production after smaller oil companies acquired stakes in offshore oil fields operated by U.S. Hess Corporation, Equatorial Guinea’s Continue Reading
Researchers from the University of Sankt Gallen have found that neonatal mortality rises if a child’s mother lives close to an oil spill before conception. Niger Delta resident Annkio Briggs Continue Reading
Sub-Saharan African oil producers may be among the more promising emerging players, though a downturn in investments is striking a blow, analysis finds. Nigeria is a member of the Organization Continue Reading
War damage to port facilities in Libya could constrain production to around 1.25 million barrels per day, analysis from consultant group Wood Mackenzie found. Secondary sources reporting to the economists Continue Reading
Shell Nigeria has lifted the latest force majeure off its Bonny Light exports, which was introduced a month ago after a leak was discovered in one of the two pipelines Continue Reading
The Senate said on Thursday that it had began talks with Russian oil companies for partnership to develop Nigeria’s oil and gas sector. Disclosing this in an interview with newsmen Continue Reading
Barely two days after Aiteo Eastern Exploration and Production Company announced the completion of repairs of the Nembe Creek Trunkline (NCTL), Shell Petroleum Development Company (SPDC) thursday lifted force majeure Continue Reading
The technical partner of the Lagos Deep Offshore Logistics Base (LADOL), in the building of $3.8 billion Egina oil production vessel at LADOL’s Free Zone, Samsung Heavy Industry (SHI), has Continue Reading
When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest. A Continue Reading
African Petroleum said its looking to international arbitration to protect its assets off the coast of Gambia. After hinting of trouble earlier this week, African Petroleum said it was now Continue Reading
African Petroleum upbeat about its prospects despite a series of setbacks with its West African portfolio. Photo courtesy of African Petroleum. Oct. 16 (UPI) — Some of the more promising Continue Reading
Russian Prime Minister Dmitry Medvedev discussed supplying liquefied Russian natural gas to Morocco on a visit to Rabat on October 11 during which he signed a string of energy, military, Continue Reading
The Federal Government has ruled out the possibility of building new refineries to compliment the four existing ones in Nigeria.The Minister of State for Petroleum Resources, Ibe Kachikwu, who made Continue Reading
The competition that Nigerian crude oil cargoes has faced from US crude oil grades in Northwest Europe over the past two years has begun to expand into other regions, according Continue Reading
Bayelsa, a state in the Niger Delta region of Nigeria, will search for non-oil natural resources to diversify away from its main commodity—oil. This is what the state’s new commissioner Continue Reading
Russia’s oil giant Rosneft has closed the deal to buy from Italy’s Eni a 30-percent stake in the offshore concession in Egypt where the giant Zohr gas field is located, Continue Reading
French energy company Total said Monday it was expecting a big oil pay off from the under-explored deep waters off the coast of the Republic of Guinea. The company signed Continue Reading
French oil giant Total signed an agreement on Friday with Guinea’s national oil company ONAP to carry out seismic mapping of deep and ultra-deep offshore blocks with an option to Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
After a three-day suspension of production due to a blockade by an armed group, Libya’s giant Sharara oil field re-opened on Wednesday, Bloomberg reports, quoting an emailed statement by Libya’s Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
I recently reported on the development of economic diversification plans among countries in the Gulf Cooperation Council (GCC) as oil demand prepares to reach a climax in 30 years. Nigeria, Continue Reading
Less than a month after Libya’s giant oil field Sharara returned to pump oil following a two-week disruption, Sharara closed again on Sunday evening, and more than 230,000 bpd of Continue Reading
Engineering company KBR said Monday it would support construction activity for gas operations in Algeria at two sites hit in terrorist attacks in recent years. KBR, which has headquarters in Continue Reading
A European memo on the status of stability in OPEC-member Libya warns that progress in the war-torn country may be limited. The EUobserver reported Monday it obtained access to a Continue Reading
FILE PHOTO: A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny/File Photo TRIPOLI (Reuters) – An armed group forced Libya’s giant Sharara oilfield to close Continue Reading
Cape Town — Diezani Alison-Madueke, served under former president Goodluck Jonathan from 2010 to 2015 and was Nigeria’s first female minister of petroleum resources. She has been accused of corruption Continue Reading
In early August the Ministry of Energy, Mining and Sustainable Development (Ministère de l’Energie, des Mines et du Développement Durable, MEMDD) earmarked Dh2.3bn (€206.1m) for investments in solar power, to Continue Reading
Campaign says 700,000 people have signed pro-Haftar petition UN has declared its peace effort dead, will start again In a vast square in Benghazi, a group of men is gathering Continue Reading
Benghazi’s commercial port officially reopened on Sunday after a three-year closure due to fighting between rival factions in the east Libyan city. To mark the opening Abdullah al-Thinni, prime minister Continue Reading
As a rather bullish sentiment has fallen over the oil markets, Libyan oil production is now set to rise after disruptions at the Sharara oil field are now behind it, Continue Reading
Uganda will seek to join OPEC once the East African nation starts pumping crude out from Lake Albert oil fields along the western border with the Democratic Republic of Congo Continue Reading
State-owned Nigerian National Petroleum Corporation expects the force majeure on Nigeria’s Bonny Light crude to be lifted “very soon,” Mele Kyari, group general manager of NNPC’s crude oil marketing division Continue Reading
The slow pace of talks between the Nigerian government and representatives from the Niger Delta—exacerbated by the impending 2019 elections—have frustrated the militants who prompted the negotiations, causing oil majors Continue Reading
It may assault sensibilities of some people to insinuate that Nigerians will have to drink their oceans of oil, as it may be unscientific to suggest that the resource will Continue Reading
Nigerian oil production remains below 1.8 million barrels per day, in compliance with a quota set on the African nation by OPEC earlier this year in response to its explosive Continue Reading
Nigeria may be ready to give up its status as an OPEC member exempt from the effort to balance the market with production cuts, Russia’s oil minister said. Members of Continue Reading
Nigerian fuel truck drivers have begun a strike, their union said Wednesday, triggering fears of a fresh shortage of oil products. In addition to seeking a pay rise and a Continue Reading
Companies said to be selling crude from Saldanha Bay in Africa Brent crude time-structure strengthens, encouraging sales Oil traders are emptying one of the world’s largest crude storage facilities, located Continue Reading
Oil workers in Nigeria stopped on Monday the loading of oil products, natural gas, and aviation fuel as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) joined an Continue Reading
An average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, this brought Nigeria’s production down to as low as 1.3 million barrels per day from Continue Reading
Wednesday . The Kaduna , Warri and Port Harcourt refineries will shutter to allow the national oil company to return refining capacity to their nameplate levels, NNPC managing director Dr. Continue Reading
Although it faces mounting pressure to join OPEC’s production cuts, exempt producer Nigeria will resist any attempt to cut its oil output because it needs time at least until March Continue Reading
