Environmental and social justice groups on Wednesday condemned Italy’s anti-corruption laws as “unfit for purpose”. The condemnation followed the acquittal of oil multinationals, Shell and Eni, on international corruption charges Continue Reading
Nigeria’s crude oil production declined by 19.6 per cent to an average of 1.52 million barrels per day (mbpd) in the fourth quarter of 2020, compared with the 1.89 mbpd Continue Reading
Libya’s back in the oil game after years of false starts and setbacks. Energy facilities shut or damaged during its civil war were reopened last year and the OPEC member Continue Reading
Libya’s state-run National Oil Corporation is poised to release oil revenues to the central bank after the interim Government of Unity (GNU) was sworn in on March 15, creating a Continue Reading
Had everything gone according to plan, Kenya would be reading to begin its commercial export of crude oil on a large scale next year. This was after success in sale Continue Reading
Unemployment in Africa’s largest economy surged to the second highest on a global list of countries monitored by Bloomberg. The jobless rate in Nigeria rose to 33.3% in the three months Continue Reading
It’s been nearly a decade since South Africa lifted a freeze on shale gas exploration, but the resource-rich nation’s potential ensuing shale revolution never quite materialized. Much attention and expectations Continue Reading
The protesting community says the company was “insensitive to its social obligations to the people.” A crude production flow station operated by Conoil Production at Ango field in Koluama, Southern Continue Reading
Libya’s Parliament approved on Wednesday the first unity government of the war-torn country since 2014, potentially paving the way to more stability in oil production in the African OPEC member, Continue Reading
A Federal High Court in Lagos yesterday declined to vacate its interim Mareva injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’ bank Continue Reading
