Libya’s oil production hovers around 1 million bpd after recent blockade got lifted Libya’s production goal for end-2022 is 1,45 million bpd, and 1,6 million bpd for end-2023 Political instability, Continue Reading
The NLC boss alleged that some people are profiting from the dysfunctional state of the country’s refineries. The President of Nigeria Labour Congress (NLC) , Ayuba Wabba, has blamed the Continue Reading
With a daily underperformance figure of 78,000 barrels per day in December, Nigeria lost as much as 2.418 million barrels of crude in the last month of 2021, data released Continue Reading
Highlights Sources warn that an LNA-led oil blockade could be imminent Delayed payments from GNU to eastern PFG raise stakes Libyan production back to near 1.2 million b/d after almost Continue Reading
Oil rigs Nigeria is producing far less oil than it did 25 years ago when the estimated population was much less than what it is today and government spending was Continue Reading
In spite of its current struggles, Nigeria’s oil production will hit 1.7 million barrels per day in 2022, a new report by CardinalStone Research, has indicated. Stressing that it expects Continue Reading
Abuja — Some monarchs and civil society groups in the Niger Delta have dragged the National Assembly to the Federal High Court in Abuja, seeking a restraining order in the Continue Reading
Just as Libya partially recovered its oil production, bad weather forced the closure of four oil export terminals in the east—a sign that Libya’s crude exports in January will be Continue Reading
Algeria’s state oil and gas producer Sonatrach plans to start its first offshore oil drilling in 2023, the state news agency APS reported on Sunday, citing deputy chairman in charge Continue Reading
Libya’s oil exports, already sharply curtailed following a blockade by paramilitaries in the west, are set to fall further after bad weather closed ports in the east. The Es Sider, Continue Reading
Highlights NOC completes pipeline maintenance linking Waha oil fields Around 300,000 b/d of output still shut-in from PFG-led blockade Libya remains a top oil market risk for 2022: Platts Analytics Continue Reading
Oil theft is a major problem for Nigeria, and it’s beginning to drive international investors away. Oil revenue lost was equal to $3.5 billion in 2021 alone, or around 10 Continue Reading
As damning as a recent report that Nigeria may have lost about 200 million barrels to organised theft in the first 11 months of 2021 would seem, it came as Continue Reading
Waha line maintenance, western blockade cuts output by almost 500,000 b/d Elections unlikely to happen soon as uncertainty between west and east persists Libya identified as top oil market risk Continue Reading
Maintenance work on a pipeline shut down 200,000 bpd output this week On December 20, Libya declared force majeure on its oil exports after crude oil production had been shut Continue Reading
In 2021, the Nigerian oil and gas industry witnessed unarguably the level of activities that had not been witnessed in a long while. From the enactment of the Petroleum Industry Continue Reading
Oil rose as Libyan supply tightened ahead of an OPEC+ meeting on Tuesday to discuss production policy for February. Futures in New York advanced toward $76 a barrel in Asian Continue Reading
Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline. The latest outage comes less Continue Reading
Efforts to win power in Libya by Saif al-Islam Qaddafi, the son of the country’s late ousted dictator Moammar Qaddafi, won’t succeed, according to the man who’s been at the Continue Reading
AJ-13 is the fifth and final well in the Abu Sennan 2021 drilling program. United Oil & Gas PLC (AIM: UOG) announced on Wednesday that the Al Jahraa-13 (AJ-13) development Continue Reading
Royal Dutch Shell Plc has been ordered by a South African court to temporarily halt an offshore seismic survey after local communities took legal action to block the project. The Continue Reading
Today the Grahamstown High Court in Makhanda ordered Shell to immediately cease its seismic blasting along South Africa’s Wild Coast, while ordering Shell and the Minister of Mineral Resources and Continue Reading
Libya’s oil production and exports are threatened again as the presidential election slated for December 24 will likely be postponed. Armed groups descended in the capital Tripoli on Tuesday amid Continue Reading
Royal Dutch Shell Plc halted crude shipments from Nigeria’s Forcados export terminal, dealing another blow to the African nation, which has struggled to stem falling production. Shell Petroleum Development Co. Continue Reading
A Libyan parliamentary committee said Wednesday that it has become “impossible” to hold a long-awaited presidential election in two days as scheduled, in a major blow to international efforts to Continue Reading
Libya has declared a force majeure on oil exports, even as oil prices worldwide are crashing. Libya’s National Oil Company (NOC) has said that crude oil production has been shut Continue Reading
Highlights Armed unit within PFG closes key fields and terminal Analysts expect Dec 24 elections to be delayed Output likely to be volatile in coming weeks Libya’s key southwestern oil Continue Reading
Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member tries to raise output Continue Reading
A new study by risk consultancy Verisk Maplecroft has revealed that Nigeria may face difficulty producing its huge oil and gas reserves. The study states that Africa’s number two exporter Continue Reading
Geopolitics, Politics & Conflict In Libya, where elections are supposed to be held on December 24th, there has been a delay in approving the official candidate list, which could mean Continue Reading
This old diamond-mining town, perched on the rocky Atlantic coastline of this sparsely populated desert nation, last boomed at the start of the 20th century, when diamonds were discovered in the Continue Reading
Nigeria has regained its top position among crude oil producing countries in Africa with crude oil production averaging 1.27 million barrels per day in November, according to the latest monthly Continue Reading
(file photo). The company says it will clean up the environment later. Aiteo, operator of oil mining lease (OML) 29, on Wednesday, announced it has succeeded in putting out the Continue Reading
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum Continue Reading
THERE are indications that the prices of Liquefied Petroleum Gas, LPG, also known as cooking gas, would rise further as supply dips by 5.5 per cent to 85,066.546 metric tonnes, Continue Reading
The claim that the magnitude of the oil spillage in Nembe, Bayelsa State on November 3 is worse than the 2010 Gulf of Mexico oil spill, is an exaggeration; investigation Continue Reading
South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell (RDSa.L) to do seismic oil exploration they say will threaten marine wildlife such as Continue Reading
CLOV development offshore Angola. TotalEnergies, together with the Angolan National Oil, Gas and Biofuels Agency (ANPG), started production of CLOV Phase 2, a project connected to the existing CLOV floating Continue Reading
Abuja resident Freda Igri was preparing to make her native afang soup for her family, but her cooking gas tank was empty. The price to refill a 12.5 kg tank Continue Reading
A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell (RDSa.L) from starting seismic surveys to explore petroleum Continue Reading
Ten years ago, Khaled Mami cheered the fall of Moammar Gaddafi’s regime, hoping it would usher in a new period of prosperity. Instead, Libya was consumed by civil strife. By Continue Reading
Nigerian independent oil and gas company, Seplat Energy Plc together with a partner, is in competitive discussions to acquire ExxonMobil’s Nigerian shallow water business. The Energy Company listed on both Continue Reading
The decision last week by Libya’s Government of National Unity to approve the sale of Hess Corporation’s stake in the Waha oil concessions could reignite Libya’s oil boom While there Continue Reading
Royal Dutch Shell (RDSa.L) is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources Continue Reading
South African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Continue Reading
Plans by some nations to end the financing of gas exploration will prove a “fatal cost” for several emerging African economies, Senegal President Macky Sall said at the start of Continue Reading
As the world grapples with the emergence of the new highly transmissible variant of COVID-19, worried scientists in South Africa — where omicron was first identified — are scrambling to Continue Reading
South Africa’s recovery from its deepest economic contraction in almost three decades risks being derailed by the identification of a new coronavirus variant that prompted several European nations to ban Continue Reading
The identification of a fresh Covid-19 strain in South Africa could not have come at a worse time for the rand. Already reeling from concerns about Federal Reserve policy and Continue Reading
Halliburton’s Boots & Coots unit has been called in by independent producer Aiteo Eastern E&P Co. to contain a leak. Halliburton Co., one of world’s largest oil services companies, said Continue Reading
