Offshore rig Nigeria’s daily crude oil output may increase by 200,000 barrels by the end of March 2018, the Nigerian National Petroleum Corporation said. The new output will come from Continue Reading
If the Nigerian government wants to fight militants blowing up oil pipelines, it should send troops into the creeks and mangrove swamps of the Niger River delta. Not the city. Continue Reading
Shell among buyers for first time since February halt Pipeline stopped after militant attack led to force majeure The oil market gave the clearest sign yet that Nigeria’s Forcados crude Continue Reading
An employee talks on a radio aboard the Agbami floating oil production, storage and offloading… Nigeria’s cash-strapped government is suing some of the world’s biggest oil companies on claims they Continue Reading
Oil storage Royal Dutch Shell (NYSE:RDS.A) and two other companies have acquired around 1 million barrels of Nigeria’s Forcados crude grade for delivery in late November, in what may be Continue Reading
Warri — The Niger Delta Greenland Justice Mandate (NDGJM) yesterday claimed it blew up an oil pipeline belonging to the Nigerian Petroleum Development Company (NPDC) in Delta State. The group Continue Reading
An oil tanker that’s supposed to collect crude from a key Libyan export terminal for the first time in almost two years is encountering a slight delay, an official said. Continue Reading
Rating lowered from B+ to B, outlook now stable from negative GDP seen contracting 1 percent in 2016, grow 2 percent in 2017 S&P Global Ratings downgraded Nigeria further into Continue Reading
Exxon said to be on brink of resumption of top Nigeria grade Libya lifts export restriction on ports halted for months Amid the most enduring global oil glut in decades, Continue Reading
The new OPEC Monthly Oil Market Report is out with crude only production numbers for August 2016. All charts are through August 2016. (Click to enlarge) OPEC crude only production Continue Reading
Only a day after the head of the Libyan National Army (LNA) took over Libya’s key oil ports to the dismay of Western powers trying to gain support for a Continue Reading
Senegal may be situated in the hot spot for oil and gas discoveries offshore, an Australian energy company said. Photo by project1photography/UPI/Shutterstock PERTH, Australia, Sept. 14 (UPI) — Emerging oil Continue Reading
Mobil Producing Nigeria Unlimited, a unit of ExxonMobil, will resume shipment of Qua Iboe crude, Nigeria’s largest grade of crude oil in October, three months after the company had declared Continue Reading
Libya’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Continue Reading
NATO allies called on parties to the conflict in Libya to immediately abandon any hostile action that may jeopardize energy infrastructure and oil exports. The governments of France, Germany, Italy, Continue Reading
The federal government and the oil and gas-producing companies operating in the country may have lost about $3billion to the bombing of Forcados pipeline that conveys Forcados grade of crude Continue Reading
As a N145 per-litre petrol has the same calorific value of energy with a N90 per-standard cubic metre of Compressed Natural Gas (CNG), Ejiofor Alike suggests that the federal government Continue Reading
A militant group, Niger Delta Greenland Justice Mandate, NDGJM, in the early hours of yesterday, blew up the Afiesere-Iwhrenene major delivery line to UPS/UQCC, operated by Nigerian Petroleum Development Company, Continue Reading
Haftar’s forces seen using two ports for political leverage Facility had been scheduled for first shipment since 2014 Libya’s plans to restore oil production suffered a significant setback after forces Continue Reading
Equatorial Guinea’s economy will contract further this year due to falling oil output and low crude prices, the International Monetary Fund said. The outlook for the central African oil producer Continue Reading
Pipeline fire At least one source of Nigerian oil exports is set to come back online after Royal Dutch Shell lifted its force majeure on Bonny Light crude exports. The Continue Reading
Australian energy company FAR Ltd. said it bet heavily on offshore Senegal, though revenue year-on-year was lower by more than 50 percent. FAR is focusing the bulk of its spending Continue Reading
The Federal Government yesterday dismissed a possible hike in the price of petroleum products. The Group Managing Director (GMD), National Petroleum Corporation (NNPC), Maikanti Kachalla Baru, after a closed-door meeting Continue Reading
As Olu of Warri dissociates Itsekiri from stakeholders’ meetings Senator OvieOmo-Agege, the Obarisi of Urhoboland, has appealed to militants in the Niger Delta region to stop further attacks on the Continue Reading
A war is brewing in the Niger Delta region after militants warned residents living near oil and gas facilities to vacate the area in order to ensure their own safety. Continue Reading
Nigerian staff of Nestoil abducted near Port Harcourt Friday NNPC says it may be crippled if attacks aren’t halted in delta Nigeria’s police are closing in on 15 kidnapped oil Continue Reading
When Islamic State captured this Mediterranean port last year, fighters tagged walls and buildings with the group’s name. Now, pro-government forces are on the verge of driving the extremists out Continue Reading
A previously unknown militant group, the Niger Delta Greenlander, has attacked the Ogor-Oteri major delivery line operated by the National Petroleum Development Company (NPDC). The attack, which occurred at about Continue Reading
Logos of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. Royal Dutch Shell announced on Wednesday new natural gas discoveries in a Continue Reading
Forcados terminal can typically export 200,000 barrels a day Pipeline in Niger Delta was blown up by militants 6 months ago Royal Dutch Shell Plc’s Forcados pipeline in Nigeria will Continue Reading
Sustained Brent crude prices below $50 a barrel will damp the prospects for new oil projects in West Africa. Angola, the continent’s biggest producer, has the lowest break-even price of Continue Reading
Government expects Tullow, Total, Cnooc to drill 500 wells Companies expected to start crude production in 2020 Uganda expects three oil companies to invest $8 billion in the East African Continue Reading
Economy contracted as oil output declined from previous period IMF forecast Nigeria economy will shrink 1.8% in 2016 Nigeria’s economic slump deepened in the second quarter as a declining oil Continue Reading
Libyan forces said they captured a residential neighborhood in central Sirte from Islamic State on Monday, leaving just one district of the city still occupied by the militants. Spokesman Rida Continue Reading
A Nigerian militant group, which has claimed responsibility for a series of attacks on oil and gas facilities in the southern Niger Delta energy hub in the last few months, Continue Reading
The focal point of global piracy is shifting to the Gulf of Guinea with a spurt of attacks in West African countries such as Nigeria even as the menace has Continue Reading
A member of the leadership of Libya’s U.N.-backed government who is close to powerful rival factions in the east of the country has said he will end his boycott of Continue Reading
Members of Libyan forces allied with the UN-backed government fire a weapon towards Islamic State militants in neighbourhood Number One in central Sirte, Libya August 28, 2016. At least 34 Continue Reading
Two weeks ago, news broke that the International Monetary Fund had reached a “tentative” agreement with Egyptian officials regarding a $12 billion loan that the Washington-based pool would pay out Continue Reading
Tullow said to plan eight more exploration wells in Lokichar Nation holds 750 million barrels of recoverable resources Tullow Oil Plc will put Kenya on the map of oil producers Continue Reading
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their actual cost during the 2016/17 fiscal year, two government Continue Reading
Australian energy company FAR Ltd. says its reserve estimate for an oil field offshore Senegal keeps increasing. File Photo by A.J. Sisco/UPI MELBOURNE, Aug. 23 (UPI) — Further analysis of Continue Reading
Against the positive picture painted on possible rise in the price of crude oil at the international market above USD50 per barrel, Nigeria may be left out of reaping this Continue Reading
A group calling itself the Niger Delta Avengers said it’s ready to consider some form of negotiation with the government in Abuja. The Niger Delta Avengers are blamed in part Continue Reading
Libyan forces renewed their push to oust Islamic State from its former North African stronghold of Sirte on Sunday, saying they had seized the city’s main mosque and a jail Continue Reading
An oil slick clots the bottom of mangroves in Bodo creek in Ogoniland, near Nigeria’s oil hub city of Port Harcourt December 4, 2012. Oil companies and even Nigerian officials Continue Reading
Members of the NATO alliance said they welcomed Libyan investment board actions as a step toward ensuring authority over the nation’s oil wealth. The governments of France, Germany, Italy, Spain, Continue Reading
An oil tanker on Thursday began loading crude from Libya’s Zueitina port, the first cargo about to be shipped from the terminal in 10 months, a spokesman for the country’s Continue Reading
Nigerian crude oil production will likely remain suppressed by militant activity at least through next year, a report from the U.S. government said. The most active of the many militant Continue Reading
One of the bigger oil projects off the coast of West Africa has started production from a floating facility offshore Ghana, Tullow Oil announced Thursday. “I am delighted that the Continue Reading
