Europe is on track to send security experts to Libya after it successfully installed a so-called unity government that is willing to work with international agencies. A primary goal of Continue Reading
An oil company affiliated with the government running eastern Libya said it was poised to export its first load of crude oil, setting up a potential clash with authorities in Continue Reading
Egypt offers a bright spot for natural gas development, a lone bright spot in an energy world undergoing harsh austerity. The friendly business environment in Egypt right now stems, in Continue Reading
Nigeria deployed police and soldiers to gasoline stations to maintain order as fuel shortages grip Africa’s biggest oil producer. The most severe fuel scarcity in a year in Africa’s most Continue Reading
The oil pipeline route puzzle has been solved, with Uganda choosing to export her crude oil to the East African coast through Tanzania and not Kenya, The Observer can reveal. Continue Reading
The European Union formally recognized Libya’s newly installed Government of National Accord as the country’s sole legitimate government, the Libya Herald reported April 19. The announcement followed an April 18 Continue Reading
As Libya wrangles over who is going to control its oil, the Islamic State is closing in, using sporadic attacks designed to rattle nerves and force oil-field evacuations or worker Continue Reading
An oil field offshore Senegal may be viewed as a world-class reservoir following an update to the reserve estimate, Australia-based explorer FAR Ltd. said. FAR said an independent assessment of Continue Reading
Social and economic activities have been paralysed in five states of the North West as the scarcity of petrol bites harder, the News Agency of Nigeria (NAN), reports. A check Continue Reading
In February 2016, Royal Dutch Shell plc announced in its fourth quarter 2015 financial statement that it was postponing the final investment decision (FID) on the Bonga South West/Aparo (BSWA) Continue Reading
Even as drought and the effects of climate change grew visible across this land, the Kariba Dam was always a steady, and seemingly limitless, source of something rare in Africa: Continue Reading
In Africa’s top economy, the oil bust is beginning to hit the streets. With 187 million people, and trillions of dollars in untapped crude oil, Nigeria was meant to power Continue Reading
Scottish company Cairn Energy said it was maintaining a string of success with the latest discovery of natural gas at an evaluation program offshore Senegal. The Scottish company and its Continue Reading
Nigeria is currently dealing with one of its worst fuel shortages in years. The crisis has been dragging on for over a month already, and, despite promises from the head Continue Reading
One of Libya’s rival governments has resigned, a step that helps efforts by a new, UN-brokered unity government to assert itself in the capital Tripoli despite opposition from some local Continue Reading
Despite being one of the world’s biggest oil producers, Nigeria imports most of its fuel and is currently facing a severe shortage. It does not have enough oil refineries and Continue Reading
Fayez Serraj, center. Photographer: Mohamed Ben Khalifa/AP Photo Virtually unknown in Libya until late last year, Fayez Serraj is quickly emerging as his country’s best bet to escape five years Continue Reading
The shaky debut last week of a new unity government in Libya brings Western nations, including the United States, much closer to a renewed military mission there, and to a Continue Reading
Algeria’s state-owned hydrocarbon firm has endured recent policy adjustments that now provide foreign investors with new opportunities. But increasing energy insecurity threatens to nullify the potential for gain. In the Continue Reading
Ten Libyan cities which were under control of the non-recognized government of Tripoli have broken away and pledged their support to the UN-backed government, one of the municipalities announced online Continue Reading
A member of the force assigned to protect Libya’s unity government stands on a road leading to where the government has their offices, in Tripoli, Libya March 31, 2016. Libya’s Continue Reading
Fuel lines stretched for more than a kilometer (half-mile) on Friday in Nigeria’s capital because of a fuel shortage in sub-Saharan Africa’s top oil-producing country. Drivers in Abuja groaned and Continue Reading
Though the fundamentals of the oil-based economy remain weak, the United Nations and Western leaders expressed support for prosperity in Libya. Members of a U.N.-backed national administration arrived in Tripoli Continue Reading
Libya’s United Nations-backed unity government finally assumed office in Tripoli on Wednesday despite opposition within two existing administrations and threats of violence from some militias based near the capital. Prime Continue Reading
The United States stands ready to assist Nigeria in diversifying its economy beyond the oil sector, a regional U.S. secretary said from Washington, D.C. The International Monetary Fund warned the Continue Reading
The National Oil Spill Detection and Response Agency (NOSDRA) has confirmed a pipeline blast at an oil field operated by Nigeria Agip Oil Company (NAOC) in Bayelsa. Three maintenance workers Continue Reading
A toxic convergence of national, corporate and personal interest on two competing oil pipeline routes is threatening regional integration in a dramatic saga involving Kenya, Uganda and Tanzania. Kenya and Continue Reading
Tanzania is highly optimistic of striking an agreement with Uganda over construction of the 1,410-kilometre crude oil pipeline from Hoima, given the former’s competitive advantage. It is against this backdrop Continue Reading
Exxon Mobil Corp. is in advanced talks to acquire a stake in a giant Mozambique natural gas development project from Italy’s Eni SpA, a sign that major oil companies are Continue Reading
South Sudan’s oil ministry has concluded that oil production is in quick decline, and future production will not reach even half of its peak 2010 levels even if all the Continue Reading
After a deep slide in oil prices, Algeria’s Sonatrach is shifting strategy to offer foreign firms direct negotiations to buy stakes in 20 oil and gas fields in a bid Continue Reading
Libya does not plan to attend an April 17 meeting of oil producers about freezing supply to support prices, a Libyan OPEC delegate said on Tuesday, joining fellow OPEC member Continue Reading
Amid the denial by the Nigerian National Petroleum Corporation (NNPC) of the allegation by the Auditor- General of the Federation ( AuGF), Mr. Samuel Ukura, that it didn’t remit into Continue Reading
Two foreign oil companies pledged to reduce or pull out staff completely at two Algerian natural gas plants following a March 18 attack by militants on the Ain Amenas natural Continue Reading
A view of a Krechba gas treatment plant, about 1200 km (746 miles) south of Algiers, December 14, 2008. BP and Norway’s Statoil will withdraw staff from two gas plants Continue Reading
Kenyan President Uhuru Kenyatta hosts his Ugandan counterpart Yoweri Museveni in the capital, Nairobi, on Monday for talks on a proposed pipeline to ferry crude from oilfields being developed by Continue Reading
Norwegian energy company Statoil said it was dispatching an emergency response team to Algeria following an explosion at one of its gas assets in the country. The company said its Continue Reading
A survey of oil production from Libya shows the country remains far below its peak capacity levels posted more than five years ago, before the Arab Spring. Energy reporting service Continue Reading
Construction of the Tanzania-Uganda crude oil pipeline begins in August and will be complete in two years, even as Kenya negotiates to have the pipeline go north through Lamu. The Continue Reading
The Royal Dutch Shell says security issues surrounding the safety of its people, sabotage and theft are some of the major risks and challenges affecting its operations in Nigeria. The Continue Reading
The International Monetary Fund warned Algeria’s government that deep structural reforms are necessary to buffer against pressure from low oil prices. Algeria has the 10th-largest natural gas deposits in the Continue Reading
State oil firm Nigerian National Petroleum Corp failed to remit Naira 3.2 trillion ($16.2 billion) in proceeds from the sale of crude oil into the government account in 2014, local Continue Reading
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday urged President Muhammadu Buhari to declare a ‘State of Emergency’ in the petroleum industry to end fuel Continue Reading
Nigeria’s state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit. The Nigerian National Petroleum Corporation (NNPC) provided no explanation Continue Reading
Total SA has funds to build a pipeline linking oil fields in landlocked Uganda with a port on Tanzania’s Indian Ocean coast, the Tanzanian government said, after its president met Continue Reading
China has said it seeks more crude oil exports from Nigeria in spite of the recent changes in oil prices. Zao LingXiang, Economic and Commercial Counsellor of the Chinese Embassy Continue Reading
Nigerian unions on Thursday ended a day-old strike against the revamp of the beleaguered state oil firm after a minister promised there would be no job cuts. The strike, launched Continue Reading
The crash in the price of oil has hit Angola hard. Hospitals across the country are low on resources, including medicines. There are food shortages in the North, drought in Continue Reading
Angry oil workers have shut down all offices and facilities of the Nigerian National Petroleum Corporation, NNPC, in protest of Tuesday’s splitting of the state oil company by the federal Continue Reading
The minister of state for petroleum resources, Dr Ibe Kachikwu, has disclosed the federal government’s plans to end the importation of petrol within the next 18 months. Disclosing this in Continue Reading
