As Europe seeks to wean itself off Russian natural gas, Algeria, Niger, and Nigeria have revived a decades-old, multi-billion-dollar gas project. The Trans-Saharan Gas Pipeline (TSGP) could send up to Continue Reading
Oil rigs Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil. It is estimated that about Continue Reading
Nigeria has struggled to meet its production goals in recent years. With oil prices remaining above $100 per barrel, Nigeria is eager to ramp up its production. Shallow-water oil fields Continue Reading
The Federal Government, Wednesday, asked a court in Milan, Italy, to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for Continue Reading
The fundamentals of the 2019 budget are under threat as crude oil price slumped again yesterday to flatten at $60 per barrel, the same benchmark on which the N8.8 trillion Continue Reading
An Italian judge said on Monday oil majors Eni ( ENI.MI ) and Royal Dutch Shell ( RDSa.L ) were fully aware their 2011 purchase of a Nigerian oilfield would Continue Reading
Highlights Both countries still want exemptions from quotas Output recoveries may weaken their cases Delegates say it’s time they help rebalance the market Vienna — Libya and Nigeria could be Continue Reading
Savannah Petroleum declares success at its latest oil exploration campaign in Nigeria. Photo courtesy of Savannah Petroleum Aug. 15 (UPI) — The latest confirmed oil discovery in a basin in Continue Reading
The energy minister in Niger said the government wants to see oil production start as soon as possible. Photo courtesy of Savannah Petroleum Aug. 8 (UPI) — The government of Continue Reading
