Eastern-based Libyan forces have intercepted a Turkish ship under a Jamaican flag heading to the port of Misrata in western Libya, their spokesman said on Monday, a possible new flashpoint Continue Reading
South Africa’s second-largest crude oil refinery, the Engen plant in Durban, has been shut down to allow investigators a chance to find out the cause of a “fire incident” earlier Continue Reading
Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential part of the OPEC member’s Continue Reading
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded in the previous month. The rig count is a reflection Continue Reading
Greek authorities say negotiations are underway to free three sailors kidnapped off the Nigerian coast. Analysts warn there has been a “sharp increase” in incidents in the Gulf of Guinea. Continue Reading
Supermajors ExxonMobil and Total are renegotiating a natural gas resource sharing deal for their respective liquefied natural gas (LNG) projects offshore Mozambique, Reuters reports , citing sources with knowledge of Continue Reading
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened Continue Reading
The Nigerian National Petroleum Corporation, NNPC, said it targets to achieve 3million barrels per day, bpd, oil production in no distant time. The Group Managing Director, NNPC, Mele Kyari stated Continue Reading
Explosions have damaged oil and gas facilities belonging to the Shell Petroleum Development Company of Nigeria and the Nigerian Agip Oil Company around Ikarama in the Yenagoa Local Government Area Continue Reading
Libya’s National Oil Corporation (NOC) will not be transferring the revenues from crude oil sales to the Central Bank of Libya until the bank adopts transparent policies on the spending Continue Reading
