In the late 90s of the previous century and early years of this century, Egypt in collaboration with international partners started the development of its LNG sector. This resulted in Continue Reading
Nigeria’s parliament called on the presidency, armed forces and police to address the country’s mounting security crisis on Tuesday, with the lower house urging President Muhammadu Buhari to declare a Continue Reading
After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said Continue Reading
Libya’s crude output could rebound in the coming days after the state-owned National Oil Corporation lifted force majeure on exports out of the eastern Marsa el-Hariga terminal on April 26. Continue Reading
Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now Continue Reading
France’s supermajor Total declared force majeure on Monday on its US$20-billion liquefied natural gas (LNG) project in Mozambique following recent Islamist militant attacks in towns close to the site. The Continue Reading
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp . (NYSE:HES), and CNOOC (NYSE:CNOOC) have already Continue Reading
Another pipeline explosion on Sunday evening erupted in Isheri-Idimu community, Egbe-Idimu Local Council Development Area (LCDA) in Lagos State. It was gathered that the inferno broke out after fire gutted Continue Reading
France’s Total has declared force majeure on its Mozambique LNG project and removed all staff from the site on the Afungi Peninsula, it said April 26. Total had already suspended Continue Reading
Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec. Buhari “approved the restoration” of the licenses to Addax Petroleum Corp. as Continue Reading
