Nigeria Economy Latest: Floods Destroy Rice Harvest
Floods washed away at least two million tons of rice in Nigeria, the second-largest importer of the grain. That is more than 25% of the previously projected national output of Continue Reading
After Hifter’s ouster in Libya, Tripoli government descends into infighting
Less than three months after pro-government forces pushed a renegade warlord out of the Libyan capital of Tripoli, infighting within the government now threatens to unravel it and plunge the country into Continue Reading
The Largest Oil Play Of The Decade? Interview With Daniel Jarvie
As we approach the climax of a potentially enormous Permian-style discovery in the opening of Namibia’s giant, deep Kavango Basin, internationally acclaimed geochemist Daniel Jarvie explains in an exclusive interview Continue Reading
Libya’s Biggest Oilfield Halts All Work After Employee Tests Covid Positive
Libya’s largest oilfield, Sharara, is stopping all operations, and the operator is evacuating the workers as a foreign employee had tested positive for the coronavirus after coming into contact with Continue Reading
Nigeria’s Three Refineries Processed Zero Crude but Cost Nation N10 Billion in June
Despite processing no crude oil in June this year, Nigeria’s three refineries still cost the country N10.23 billion in expenses, a report published by the Nigerian National Petroleum Corporation (NNPC) Continue Reading
Libyans Gasp From Summer Heat as Civil War Shreds Power Grid
Summers in the Libyan capital can be brutal, and this one is the worst in memory. As temperatures in Tripoli breach 40 degrees Celsius (104 Fahrenheit), unrelenting power failures leave Continue Reading
Big Oil Is in Trouble. Its Plan: Flood Africa With Plastic.
Confronting a climate crisis that threatens the fossil fuel industry, oil companies are racing to make more plastic. But they face two problems: Many markets are already awash with plastic, Continue Reading
Angola Aims To Ramp Up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025, according to a new energy Continue Reading
Nigeria’s Aliko Dangote, Africa’s Richest Man, Bets on a Vast Oil Refinery
On a peninsula east of Lagos, 30,000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes. It’s here that Aliko Dangote, Africa’s richest man, Continue Reading
Nigeria Prepares For An Extended Period Of Low Oil Prices
Nigeria is preparing for an extended period of low oil prices, Muhammadu Buhari, the president of the biggest oil producer in Africa, said at an energy event on Friday. Nigeria Continue Reading