Nigeria Pipeline Oil has been truly black gold for countries such as Nigeria and Angola—Africa’s top oil exporters. It has sustained their economies, accounting for over 90 percent of exports Continue Reading
The Nigerian government has agreed a ceasefire with militants in the oil-rich Niger Delta, including the Niger Delta Avengers, as renewed militancy has dragged the country’s oil output close to Continue Reading
A member of the Nigerian Police Forces stands guard outside a half-built building in Nigeria’s… Nigerian officials said Tuesday that the government has clinched a deal for a 30-day truce Continue Reading
Nigeria kept exporting crude oil at a largely steady pace in May, though below historical levels, despite repeated militant attacks on its infrastructure that drove output down to 30-year lows Continue Reading
BP sanctions the development of the Atoll Phase One project in Egypt. BP announced Monday that, together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned the development Continue Reading
British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the Egyptian Natural Continue Reading
Nigeria’s currency plummeted more than 40% against the dollar on Monday, the latest sign that low crude-oil prices continue to disrupt the economies of some major oil-producing nations. The steep Continue Reading
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as Continue Reading
Shell Companies in Nigeria paid $43 billion into the Federation Account between 2011 and 2015, just as the companies spent a total of $195.5 million on social investments in the Continue Reading
Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float freely on Monday, said Continue Reading
Nigerian oil militants claimed to have blown up a pipeline belonging to the Nigerian National Petroleum Corporation in what would be their first attack since they expressed a willingness to Continue Reading
The assault on oil installations in the Niger Delta continued Thursday with a group taking credit for blowing up a pipeline run by a national oil company. At 4:00am @NDAvengers Continue Reading
Nigeria has lost a year. By imposing capital controls and sticking mulishly to a fixed exchange rate out of sync with the shifting fortunes of the economy, President Muhammadu Buhari Continue Reading
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said parts of the $12.9 billion dividends it received from the Nigeria Liquefied Natural Gas (NLNG) Ltd on behalf of the federation Continue Reading
Nigeria will float its embattled naira currency, the Central Bank governor announced Wednesday after months of pressure to control a spiraling crisis in Africa’s biggest economy. Gov. Godwin Emefiele told Continue Reading
The Nigerian National Petroleum Corporation, NNPC, yesterday, denied any wrongdoing over its failure to remit about $13.294 billion to the Federation account over a nine-year period, stating that the funds Continue Reading
With over 57 trillion cubic feet of gas, the government has boasted of a huge capacity that can accommodate serious investors in petrochemical manufacturing. Industry, Trade and Investment Minister Charles Continue Reading
Nigeria’s central bank Governor Godwin Emefiele will unveil a new currency policy on Wednesday afternoon in Abuja, the capital, according to a spokesman. The governor’s announcement will be televised, Isaac Continue Reading
The Niger Delta Avengers militant group has threatened to sink oil tankers and “review” its stance of not taking lives in its latest warning to oil and gas companies operating Continue Reading
Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Continue Reading
The Association of Mega Filling Station Owners of Nigeria (AMFSON) has vowed to lock up their filling stations over pump price disparity, saying if the Minister of State for Petroleum Continue Reading
The Central Bank of Nigeria is close to unveiling a new foreign-exchange policy and an announcement could come as soon as this week, according to a person who attended a Continue Reading
Militant attacks in the Niger Delta have pushed Nigerian crude oil production to its lowest point in more than a decade, OPEC said. Photo by sakhorn/Shutterstock VIENNA, June 13 (UPI) Continue Reading
Nigerian militants whose attacks on oil infrastructure have sent output plunging to its lowest level in 27 years said for the first time that they are considering peace talks, even Continue Reading
Fighters aligned with Libya’s unity government on Friday during the advance on Sirte. Forces aligned with Libya’s internationally backed unity government closed in on the center of the Islamic State Continue Reading
Forces aligned with Libya’s unity government said on Friday they had taken control of the port of Sirte, making further gains in Islamic State’s North African stronghold. Brigades largely composed Continue Reading
Image caption Forces loyal to the unity government in Tripoli fought street battles with IS to take Sirte’s port back Libyan forces say they have re-taken control of the port Continue Reading
Niger Delta militants known as the Niger Delta Avengers have claimed responsibility for a major attack on a crude oil pipeline in Nigeria’s Bayelsa State run by Eni’s Agip subsidiary. Continue Reading
Agip pipeline damage An armed group seeking to secede from Nigeria, the Niger Delta Avengers (NDA), continued their attacks against oil pipelines in the west African nation on Friday with Continue Reading
A militant group has claimed responsibility for an attack on an oil pipeline operated by a Nigerian subsidiary of Italy’s Eni oil company. It is the second such bombing in Continue Reading
A new natural gas discovery on the coast of Egypt’s Nile Delta has been made by Eni and British Petroleum (BP). The two companies own a 50-50 share of the Continue Reading
Image caption Government forces say they have already captured several strategic areas on Sirte’s outskirts Significant gains have been made by Libyan government air, sea and land forces fighting to Continue Reading
Libyan forces loyal to a U.N.-brokered government have advanced deep inside the coastal city of Sirte, the main stronghold of the Islamic State group’s local affiliate, officials said Wednesday. Brig. Continue Reading
The Nigerian militant group known as the Niger Delta Avengers rejected a dialogue proposal from the country’s government and claimed another attack on a Chevron oil well in Warri, even Continue Reading
Ultimate Warriors Of The Niger The Ultimate Warriors of the Niger Delta, a new militant group operating from its namesake river delta, is demanding that the Nigerian government give 60 Continue Reading
As oil marketing and trading companies hiked the price of diesel, citing the current scarcity of foreign exchange, concern has been raised on the long term sustainability of the new Continue Reading
Pipeline Burning Nigeria After a string of attacks on Nigeria’s oil infrastructure, its government plans to open talks with the newly formed militant group, the Niger Delta Avengers (NDA). As Continue Reading
With an oil sector under militant threat, the Nigerian government said it would develop strategies to improve its business climate to the benefit of the people. A militant group in Continue Reading
Isabel dos Santos — the richest woman in Africa, the Angolan president’s daughter and now the CEO of the country’s state-run oil giant — on Monday said she plans to Continue Reading
Royal Dutch Shell Plc said it won’t attempt to repair a key pipeline in Nigeria for now after militants attacked it a second time last week, the latest sign of Continue Reading
Angolan state-owned oil company Sonangol said a report about a $50 billion shortfall in its accounts is “absolutely false.” Angolan newspaper Valor Economico reported on Monday that international consultants hired Continue Reading
Nigeria will reduce military presence in the southern Niger River delta as the government works with regional governors to end attacks on oil installations, according to a presidency statement. A Continue Reading
Announcement may come within a month, officials tell investors Nigerian officials said they are still working out the details of a new currency policy and may make an announcement within Continue Reading
Attacks on pipelines in Nigeria’s oil-rich Niger River delta region have slashed crude output to the lowest level in 27 years and shut all but four of the country’s 23 Continue Reading
Twelve Angolan lawyers have decided to block the appointment of the President’s daughter as a non-executive administrator of the state-owned oil firm Sonangol. President José Eduardo dos Santos, 73, who Continue Reading
Former Nigerian President Goodluck Jonathan expressed confidence that the authorities can reach an agreement with militants in the Niger River delta to stop their attacks that have slashed production of Continue Reading
A band of saboteurs that calls itself the Niger Delta Avengers has been prowling the swamps of Nigeria’s petroleum-rich south for four months, bombing pipelines and diving underwater to destroy Continue Reading
A top Libyan commander loyal to the U.N.-brokered government says his forces have pushed into an Islamic State stronghold in central Libya and are now fighting militants on the streets Continue Reading
Niger Delta militants have launched multiple attacks on oil installations over the past 24 hours, reportedly targeting Shell’s Forcados terminal again and additional sections of the AGIP crude oil pipeline Continue Reading
Isabel dos Santos Long-time Angolan President Jose Eduardo dos Santos has appointed his daughter to lead the oil-rich country’s state-run oil giant Sonangol after firing the entire board and replacing Continue Reading
