Kenyan government officials are set to hold a meeting with their Ugandan counterparts to resolve outstanding issues with the hope of influencing the proposed crude oil pipeline route infavour of Continue Reading
Italian Prime Minister Matteo Renzi has warned Libya’s factions that time is running out for a national unity government to get the confidence backing it needs from parliament. Italy and Continue Reading
The Pentagon has presented the White House with the most detailed set of military options yet for attacking the growing Islamic State threat in Libya , including a range of Continue Reading
Growth in Nigeria, Africa’s biggest economy and oil exporter, slowed in the fourth quarter as crude revenue fell and manufacturers struggled amid a shortage of foreign-exchange for imports. Gross domestic Continue Reading
The South African government said Tuesday it was expecting to reap the rewards of shale natural gas, with exploration slated as early as 2017. Royal Dutch Shell is among the Continue Reading
Construction of a $4 billion (about Sh8.7 trillion) crude oil pipeline from Lake Albert-Kabaale in Uganda to Tanga Port will commence in August this year, Tanzania Petroleum Development Corporation (TPDC) Continue Reading
Nigerian President Muhammadu Buhari has approved the unbundling of the Nigerian National Petroleum Corporation into seven divisions, the Premium Times reported March 8. Five divisions will focus on core production Continue Reading
At least 10 people have been killed in clashes between Tunisian police and unidentified gunmen near the Libyan border on Monday, authorities said, amid increasing concern that violent extremism in Continue Reading
State-owned oil company of Nigeria to be divided into 30 discrete entities. IMF warned last week the economy may need to reform to address pressures from lower crude oil prices. Continue Reading
Key members of the Organization of Petroleum Exporting Countries intend to meet with other producers in Russia on March 20 to renew talks on an agreement to cap oil output, Continue Reading
The Organization of the Petroleum Exporting Countries (OPEC) logo is pictured at its headquarters in Vienna June 10, 2014. Some members of OPEC plan to meet other oil producers in Continue Reading
Nigeria will break up its state-owned oil company into 30 separate units within weeks in a bid to reform the unprofitable entity, Managing Director Emmanuel Kachikwu said. Each company will Continue Reading
Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Continue Reading
According to insight from a Libyan political analyst, U.N. Special Envoy for Libya Martin Kobler is near to moving forward with plans for Libya without a successful vote of confidence Continue Reading
The long fuel queues which appeared over the weekend at some major cities across the country have grown worse, Daily Trust findings revealed. This is just as the Nigerian National Continue Reading
Two Nigerian communities can sue Royal Dutch Shell PLC’s Nigerian unit in the U.K. over oil spills in the West African country, a London court ruled Wednesday, testing whether energy Continue Reading
The United Kingdom will send a group of 20 soldiers to Tunisia to prevent Islamic State fighters from crossing the country’s border with Libya, British Defense Minister Michael Fallon said, Continue Reading
The leaders of Uganda and Tanzania agreed at a private meeting on Tuesday to build a crude pipeline across their countries, connecting landlocked oilfields to the Indian Ocean, the Tanzanian Continue Reading
To boost gas use across southern Africa A cooperation agreement has been signed to build a $6 billion, 2,600 km pipeline to send natural gas from offshore Mozambique to South Continue Reading
Oil giant Shell is being sued in London for the second time in five years over spills in the Niger Delta. Two communities are claiming compensation and want Shell to Continue Reading
The International Energy Administration (IEA) expected Nigeria’s oil production to decline by 70,000 barrels per day (bpd) by 2021 to 1.85 million bpd due to reduction in investment in the Continue Reading
Failure of Shell Petroleum Development Company, SPDC , to ensure environmental protection by maintaining and protecting oil pipelines may leave it vulnerable to pay series of compensation claims from several Continue Reading
The OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen to “totally unacceptable” levels, Nigerian President Muhammadu Buhari said on Sunday. Nigeria, Africa’s Continue Reading
Danish engineering company Subsea 7 said it was awarded a contract to help BP develop three gas fields, including laying export lines, off the coast of Egypt. For an undisclosed Continue Reading
Central African oil player SOCO International said it came up empty-handed while drilling in the waters off the coast of the Republic of Congo. SOCO in early February said it Continue Reading
President of the Republic Abdelaziz Bouteflika affirmed Wednesday that Algeria is determined to “cope with the effects of the drop in oil prices through a sound and strict development economic Continue Reading
The Pentagon is poised to send dozens of Special Operations advisers to the front lines of Nigeria ’s fight against the West African militant group Boko Haram, according to military Continue Reading
The deserted royal palace here, hidden behind locked gates and an overgrown garden, stands as a monument to Col. Muammar el-Qaddafi ’s virulent rejection of Libya ’s monarchy. Colonel Qaddafi Continue Reading
Citigroup Inc. said deals in Nigeria, Africa’s biggest oil producer, have plummeted because investors are too scared to spend money when it’s expected that the naira will have to be Continue Reading
In Libya, troops under Gen. Khalifa Hifter took control of Benghazi’s al-Laithi district as militants rapidly withdrew from the area, The New Arab reported Feb. 23. The militants’ withdrawal allowed Continue Reading
Photo Senegalese commandos during a recent United States-led training exercise in Senegal. Credit Sergey Ponomarev for The New York Times THIES, Senegal — The Islamic State’s branch in Libya is Continue Reading
The Italian government last month quietly began allowing armed American drones to fly out of an air base in Italy for military operations against Islamic State in Libya and across Continue Reading
talian energy company Eni said it received consent from the Egyptian government to lay the groundwork for developing a giant offshore gas basin. Eni said received word from the Egyptian Continue Reading
Nigerian President Muhammadu Buhari will fly to Saudi Arabia to discuss with King Salman ways to stabilize crude oil prices, the presidency said in a statement on Sunday. Buhari will Continue Reading
The Islamic State’s branch in Libya is deepening its reach across a wide area of Africa, attracting new recruits from countries like Senegal that had been largely immune to the Continue Reading
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and Continue Reading
American warplanes bombed a seaside town in Libya early Friday aiming to kill a militant commander linked to attacks on Western tourists. But the mission also highlighted the widening gap Continue Reading
U.S. warplanes carried out air strikes against Islamic State-linked militants in western Libya on Friday, killing as many as 40 people in an operation targeting a suspect linked to two Continue Reading
Rebels in Angola’s oil-rich Cabinda region said they’re resuming an armed campaign to gain independence for the enclave after the government failed to respond to its request for talks. The Continue Reading
American warplanes struck an Islamic State camp in Libya early Friday, targeting a senior Tunisian operative linked to two major terrorist attacks in Tunisia last year, according to a Western Continue Reading
Nigeria’s crude oil export operation has suffered a serious setback following a major crack-up of a giant underwater pipeline at the Forcados export terminal. Following the incident, crude oil lifting Continue Reading
Libya’s internationally recognized parliament in Tobruk, the House of Representatives, decided to postpone a vote on a national unity government until Feb. 23, giving prime minister-designate Fayez Sarraj until Feb. Continue Reading
President John Dramani Mahama has projected Ghana’s oil production to hit half a million barrels per day in 2020. Addressing a business forum in Iran during an official visit, President Continue Reading
Libya’s Coast Guard has intercepted a tanker suspected of involvement in fuel smuggling operations while in waters off the country’s western region and headed for Malta, local and international media Continue Reading
The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the Continue Reading
Nigeria is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil firm has Continue Reading
Of all the mysteries surrounding Boko Haram, the marauding militant jihadist group that has terrorized Nigeria and its neighbors, the use of women and girls as suicide bombers is among Continue Reading
The federal government on Thursday in Abuja accused oil majors operating in the country of not being sincere in their plans to downsize their workforce, stating that profit motive is Continue Reading
Nigeria’s crude oil output increased by 252,800 barrels per day in January, up from the 1.697 million barrels per day it recorded in December to 1.949 million barrels per day. Continue Reading
Actors and other stakeholders in the Nigerian movie industry, a.k.a Nollywood, said on Tuesday that the industry is a potential alternative to the ailing oil sector. In separate interviews with Continue Reading
