National Oil Corp. chairman Libyans to share oil revenue ‘fairly’ under unified company Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured Continue Reading
Political turmoil curbed oil and gas investment, says minister Nation is suffering high unemployment, declining energy output Social and political unrest in Tunisia is reducing energy production, adding to the Continue Reading
South Sudan’s leaders are in emergency talks after days of violence between rival factions in the capital left at least 272 people dead and stoked fears of a return to Continue Reading
Fourth day of violence after hundreds killed over weekend U.S. orders evacuation of non-essential personnel from Juba Gunfire rocked South Sudan’s capital for the fourth day as the deaths of Continue Reading
The ground-breaking agreement to unify Libya’s two rival National Oil Companies (NOCs) last week in Ankara, Turkey, is good news for Libyan oil exports on the surface—but the reality is Continue Reading
Gunfire rocked South Sudan’s capital for the fourth day as the deaths of hundreds of people in violence over the weekend raises the specter of the oil-producing African nation returning Continue Reading
The Niger Delta Avengers, NDA, weekend, said since President Muhammadu Buhari had decided to shun the demand for legitimate dialogue with militants and stakeholders on the Niger Delta question, it Continue Reading
This time last year, the mood in Nigeria was one of unbridled optimism. President Muhammadu Buhari had completed just over a month in office and the countrymen were hopeful, emboldened Continue Reading
Niger Delta militants have blown up another oil pipeline in the restive south of the country, a security official said on Friday. “Reports from the swamp area indicate that last Continue Reading
Nigerian oil militants say they have blown up a crude oil pipeline belonging to Italian oil company Agip in Bayelsa state. The Niger Delta Avengers made the claim on their Continue Reading
Militants launched a fresh round of attacks on oil pipelines in Nigeria’s southern Niger Delta energy hub belonging to Italy’s Eni and Aiteo, Nigerian security forces, Eni and a militant Continue Reading
Italian energy company Eni confirmed Friday that it was the target of sabotage in the Niger Delta, with a minor impact on its equity production. A group calling itself the Continue Reading
Some independent analysts say the recently discovered helium gas in Lake Rukwa could be worth $3.5 billion. The analysts from Global Risk Insights, however, say the discovery of 54.2 billion Continue Reading
Angola must create objective conditions to live a new era in which there would be political, economic and social stability without relying on the oil industry, a sector which currently Continue Reading
Last week the two administrations of Libya’s National Oil Company made a breakthrough , reaching an agreement to unify their oil operations for the greater good, but now the eastern Continue Reading
Oil producers seen struggling to restore ‘normal’ volumes soon Worker walkout starts, threatening to hobble industry further Nigerian militants claimed an attack on oil pipelines less than two weeks after Continue Reading
Shell on Thursday announced it had lifted force majeure on the export of Nigeria’s benchmark Bonny Light crude oil, almost two months after militant attacks on a pipeline. Such attacks Continue Reading
A Nigerian militant group maintained it was not negotiating a suspension to hostilities with the government, claiming responsibility for an attack on Chevron. The Niger Delta Avengers surfaced early this Continue Reading
Crude-oil exports can resume from a Nigerian terminal capable of exporting 200,000 barrels a day after two months of outages there had contributed to a petroleum-price rally, Royal Dutch Shell Continue Reading
Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. An average of 1.53 million barrels a day was pumped in June, up Continue Reading
Nigeria’s senior oil workers union will go ahead with a planned strike on Thursday over some unresolved industry issues with the federal government. The Petroleum and Natural Gas Senior Staff Continue Reading
A militant group targeting oil companies in the Niger Delta said its social media account was suspended and observers should be on the lookout for imposters. The Niger Delta Avengers Continue Reading
A political breakthrough in Libya could potentially contribute to the return of some of the country’s disrupted oil production. Libya has been torn apart by civil war, political gridlock, and Continue Reading
Nigerian output increased to 1.53 million barrels a day OPEC pumped an extra 240,000 barrels a day last month OPEC’s crude production increased in June as Nigeria raised output following Continue Reading
The end of a split in Libya’s National Oil Corp. marks a small step toward healing the divided country, but the political stalemate that shut down of most of its Continue Reading
Petroleum minister Emmanuel Kachikwu becomes chairman of NNPC Kachikwu replaced as NNPC managing director by Maikanti Buri Nigeria’s government made wide-ranging changes to the leadership of its state oil company Continue Reading
Unnamed militants attacked a boat transporting Eni workers in the Niger Delta region June 29, killing two, an Eni spokesperson told Rigzone Monday. Unnamed militants attacked a boat transporting Eni Continue Reading
National Oil Corp. leaders reach deal on unified budget NOC to be headed by Mustafa Sanalla, based in Benghazi Rival leaders of Libya’s National Oil Corp. reached an agreement to Continue Reading
Rival Libyan oil companies have finalized a deal to merge, Libyan officials said, removing a key obstacle to the unification of the conflict-torn nation under the auspices of a single Continue Reading
Two Chevron wells, state-oil pipelines targeted, group says Country’s oil output in May was lowest in almost 30 years: IEA Niger Delta Avengers, a militant group operating in Nigeria’s southern Continue Reading
The fortunes of what still remains the mainstay of the Nigerian economy – oil and gas – are plummeting, indicating there is no silver lining in the clouds for now. Continue Reading
Attacks on oil and gas facilities, along with political instability, are damaging Libya’s oil and gas industry. Ongoing militant attacks on hydrocarbon installations in Libya have helped stem the production Continue Reading
Angola economy, currency has suffered from drop in oil prices IMF completed a mission to Angola earlier this month Angola said it no longer wants to continue talks with the Continue Reading
Nigeria Pipeline Recent disruptions in Nigeria’s oil production has been a major factor behind the latest rally in crude oil prices, but changes in the domestic political climate and a Continue Reading
The Tullow Oil plc operated Tweneboa Enyenra Ntomme (TEN) field, located offshore Ghana, is expected to start production in the next few weeks. The Tullow Oil plc operated Tweneboa Enyenra Continue Reading
Helium Spring There’s a global helium shortage. It’s not among the widely publicized problems of the world, but there is undoubtedly a helium deficit – the noble gas that most Continue Reading
The Trans Niger Pipeline (TNP), one of Nigeria’s key oil pipelines remains shut for repairs, Shell spokesman Precious Okolobo said by phone yesterday. The pipeline, which carries Bonny Light crude Continue Reading
For the second time in a week, a new militant group in Imo State, the Red Scorpions, yesterday, may have bombed an oil pipeline belonging to Shell Petroleum Development Oil Continue Reading
Nigeria Seeks $40-$50 Billion in Oil Investment as Output Rises Country’s crude production as high as 1.9m b/d two days ago Output should rise to 2.2m b/d in July if Continue Reading
The Niger Delta Avengers, a Nigerian militant group which has claimed responsibility for a series of attacks on oil facilities in the country’s southern energy hub, has urged President Muhammadu Continue Reading
Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. “If oil resources are well Continue Reading
Nigeria, Explosion Police in the area of Imo in Nigeria have confirmed that there has been an attack on a Shell Petroleum Development Company (SPDC) facility there. The attack, which Continue Reading
A new militant group identified as Red Scorpion is believed to have blown up an oil installation owned by Elf Petroleum Nigeria in Awara, Ohaji/Egbema LGA of Imo State. The Continue Reading
Nigeria’s oil revenue dropped by $35.67 billion (about N7 trillion) in 2015 according to the report in the Organisation of Petroleum Exporting Countries (OPEC)’s annual statistics bulletin released yesterday. The Continue Reading
A Nigerian militant group known as the Niger Delta Avengers which has been attacking oil facilities might agree to a ceasefire on Thursday to allow the government time to meet Continue Reading
Offshore Oil Rig Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813 million Continue Reading
Nigeria in May exported 1.89 million barrels per day, contrary to fears that crude export has dropped to as low as 1.3 million barrel per day. Data released by Windward, Continue Reading
Attacks on oil and gas production sites in the Niger Delta are threatening both production volumes and power supply of West African countries. Recent attacks on Nigeria’s energy infrastructure are Continue Reading
With pressure on the sector easing, a subsidiary of field services company Schlumberger said it secured a multi-million dollar contract for offshore Egypt. Schlumberger, which has headquarters in Houston, is Continue Reading
Lokichar Basin Kenyan officials said oil from the Lokichar Basin will begin reaching foreign markets at a rate of 2,000 barrels of crude per day by July 2017, according to Continue Reading
