Niger Delta Avengers, the new militant group that has claimed responsibility for a string of attacks on oil and gas installations in the Niger Delta, continued its disruption of Nigeria’s Continue Reading
The Niger Delta Avengers said early Friday morning it has blown up Shell’s forcados 48 export pipeline, one of Nigeria’s biggest export terminals, which was under repair after the group Continue Reading
The Niger Delta Avengers militant group has claimed responsibility for three new attacks on Nigeria’s oil infrastructure, promising to cut production to zero. The attacks are the latest in a Continue Reading
The Niger Delta Avengers militant group has claimed three new attacks on Nigeria’s battered oil infrastructure, promising to drag production down to “zero”. The attacks are the latest in a Continue Reading
Angolan President Jose Eduardo dos Santos tightened his family’s grip on sub-Saharan Africa’s third-biggest economy two years before he has indicated he’ll leave office by naming his billionaire daughter Isabel Continue Reading
A militant group waging war on oil installations in the Niger Delta said they can bring regional production down significantly without bloodshed. The Niger Delta Avengers surfaced earlier this year Continue Reading
Nigeria began the cleaning up of oil spills as old as 50 years in the Ogoni district of the southern Niger River delta on Thursday, in line with recommendations by Continue Reading
President Jose Eduardo dos Santos has appointed the Board of Directors of Sonangol, reports the country’s National State Radio (RNA) . Isabel dos Santos is now at the head of Continue Reading
Fighters aligned with Libya ’s United Nations -backed unity government are advancing along the Mediterranean coast toward the Islamic State stronghold of Surt, signaling the first major assault on territory Continue Reading
Some of Chevron’s highest producing assets in the Niger Delta were blown up early Wednesday, the regional militant group Niger Delta Avengers claimed on social media. With the heavy presence Continue Reading
Nigerian oil minister Emmanuel Ibe Kachikwu said on Thursday he saw “open-mindedness” in the OPEC meeting, but did not know what the outcome would be. Oil ministers from the Organization Continue Reading
The Niger Delta Avengers in the early hours of today blew up two major oil wells located at Dibi in Warri South West local government area of Delta State. The Continue Reading
In November 2013, the United States Library of Congress released a report describing Algeria’s macroeconomic position as “strong” during a month when Brent oil prices cruised at $108.08 per barrel—more Continue Reading
Nigeria’s oil-dependent economy is under siege from militants who are targeting oil and gas installations in the Niger Delta. President Muhammadu Buhari is to make his first visit to the Continue Reading
A militant group calling itself the Niger Delta Avengers issued a warning to oil companies working in the region that its campaign is about to get bloody. The Niger Delta Continue Reading
Libyan forces loyal to the U.N.-brokered government advanced on Monday against two key Islamic State strongholds, with several officials saying the troops had taken a town from the extremists. The Continue Reading
A force that controls oil terminals in eastern Libya said it had captured the town of Ben Jawad from Islamic State, pushing the militant group back along a coastal strip Continue Reading
Niger Delta Militants The resurgence of Niger Delta militancy has reached the level of an all-out renewal of conflict that Nigeria’s security forces appear incapable of stopping, and force majeure Continue Reading
Construction workers building a new bridge against the skyline of Mozambique’s capital, Maputo, in April…. Along Africa’s resource-rich eastern coast, the promise of gas-fired prosperity is wafting into an uncertain Continue Reading
Nigeria’s President Muhammadu Buhari has given the nation’s central bank the go-ahead to introduce flexibility in the naira exchange rate, his spokesman said on Monday. “The president is opposed to Continue Reading
Militants blew up strategic gas and crude pipelines belonging to Shell and Agip on Saturday in an increasingly fierce campaign that has chopped Nigeria’s oil production in half, militants and Continue Reading
The nation’s crude oil fortunes took another downward plunge, yesterday, following attacks by Niger Delta Avengers, NDA, on pipelines close to Escravos Tank Farm at Ciera creek, near Abiteye community, Continue Reading
South Sudan’s transitional government has announced it will resume oil production by July after a halt of more than two years during a bloody civil war for control of the Continue Reading
In two simultaneous attacks late on Thursday, the Niger Delta Avengers (NDV) have targeted a state-run crude pipeline near the Batan oilfield. The oil and gas pipeline is near the Continue Reading
The Libyan National Army (LNA), led by a rogue general coming from the country’s east, is reportedly marching towards the capital, Tripoli, with an eye to ‘liberating’ it from the Continue Reading
Image caption David Cameron said Britain was ready to take an “active role” in helping Libya The UK is set to send a Royal Navy warship to the Mediterranean to Continue Reading
The new militant group, Niger Delta Avenger, on Thursday claimed responsibility for another attack on a gas pipeline belonging to Chevron in Delta state. The group announced the attack on Continue Reading
A militant group in the Niger Delta said it targeted a Chevron pipeline in the region after the company failed to heed a warning issued in mid-May. We Warned #Chevron Continue Reading
Nigeria’s amnesty program for armed militants in the country’s key oil and gas producing Niger River delta region needs restructuring, Minister of State for Petroleum Resources Emmanuel Kachikwu said, as Continue Reading
Nigeria may fail to deliver all of the spending promised in this year’s budget in light of “the current economic realities,” Finance Minister Kemi Adeosun said. Approval of the 2016 Continue Reading
Libyan authorities are weighing the largest currency devaluations in more than a decade in an attempt to repair finances battered by conflict and the plunge in crude prices. Ali Jihani, Continue Reading
Nigeria owes airlines more than half a billion dollars in outstanding air fares as the oil-price slump depletes reserves of the U.S. currency and prompts the government to limit the Continue Reading
Natural Gas Exports Riding high on a series of major discoveries and what appears to be renewed investor interest in Egypt’s energy sector, the Oil Ministry is now targeting a Continue Reading
Mozambique is heading towards a major default on outstanding loans related to offshore natural gas infrastructure, symbolizing the deflating hopes for a major source of new natural gas production from Continue Reading
Italian energy company Eni confirmed Monday that some of its infrastructure in Nigeria was once again the target of a militant attack. A spokesperson for the company confirmed through email Continue Reading
An Italian Eni pipeline has been attacked again, for the fourteenth time this year, putting 4,200 barrels of oil per day of Eni production offline amid a resurgence in militancy. Continue Reading
There are strong indications that former President Goodluck Jonathan may have gone into temporary self-exile in Cote d’Ivoire, following reports that the Economic and Financial Crimes Commission (EFCC) may arrest Continue Reading
Nigeria has been dethroned as Africa’s largest oil producer. Nigeria’s oil production is now below that of Angola after various attacks on energy infrastructure by a new militant group called Continue Reading
The oil terminal of Marsa al-Hariga in Libya. The political deal that allowed the restart of oil shipments from a port in eastern Libya provides short-term relief for cash-strapped authorities, Continue Reading
Mellitah Oil and Gas terminal on the outskirts of Zwara in western Libya in January… Libyan oil exports will flow again from a terminal that had been a subject of Continue Reading
Nigerian militants have carried out another attack on a pipeline in the Niger Delta region, detonating explosives at a section of the Escravos natural gas pipeline in Warri South West Continue Reading
Crude production fell to 2.11m barrels a day from 2.18m Nigeria’s economy risks falling into recession after it shrank in the first quarter as oil output slumped and the manufacturing, Continue Reading
Shell may be losing almost 50,000 barrels a day, says Rystad Royal Dutch Shell Plc and Exxon Mobil Corp. are the international oil companies most exposed to violence in the Continue Reading
Israel and Egypt are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. (Bloomberg) – Israel and Egypt are close to a Continue Reading
A member of the Libyan pro-government forces patrols a rural area on the outskirts of Benghazi, on April 19, 2016. Top officials from 21 countries and four major international organizations Continue Reading
The oil terminal of Marsa al-Hariga in Libya. Competing administrations of Libya’s state-run National Oil Corp. in the east and west of the divided country agreed to resume exports from Continue Reading
U.S. Secretary of State John Kerry backed providing weapons to Libya’s unity government to assist in the fight against Islamic State and other jihadist groups, a move endorsed at a Continue Reading
The Nigerian army has arrested several suspected members of a militant group called the “Niger Delta Avengers” (NDA), thought to be behind recent attacks on oil pipelines in the south. Continue Reading
Libya’s divided oil officials have agreed to allow petroleum to flow again between the country’s east and west but have yet to end a crisis that is blocking exports, Libyan Continue Reading
Motorists queue to buy petrol at a fuel station in Ahaoda in Nigeria’s oil state in the Delta region, December 6, 2012. The growing fleet of tankers stuck off Nigeria Continue Reading
