China to Invest in Nigeria’s Oil Sector
The Minister of State for Petroleum, Ibe Kachikwu, has revealed that the country is close to securing a U.S.$4 billion loan from China. Nigeria says it expects to get as Continue Reading
Nigeria: State Targets U.S.$4 Billion Chinese Investment for Oil Industry
Nigeria says it expects to get as much as $4 billion in investment facilities for oil industry infrastructure as a 40-member Chinese investment team arrives the country at the end Continue Reading
Exxon disagrees with court’s $75 billion fine for its Chad consortium
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. N’DJAMENA ExxonMobil said on Continue Reading
Exxon Is Hit With Fine From Chad That’s Five Times Country’s GDP
A court in Chad told Exxon Mobil Corp. to pay a record fine of $74 billion, as well as $819 million in royalties it said the oil company owed to Continue Reading
Nigerian Oil Anxieties Mount, Even With OPEC Exemption
Nigerian military forces OPEC may have given Nigeria a pass on the output cuts expected to be divvied out officially at the close of November, but it’s D-Day for the Continue Reading
Nigeria: Govt Accuses Shell of Crude Oil Theft, Demands $406 Million
The Nigerian government is demanding $406.75 million minimum from Shell Petroleum Development Company of Nigeria Limited and its surrogate Shell Western Supply & Trading Limited over alleged crude oil theft. Continue Reading
Could Clinton And Big Oil Have Changed Ghana’s Oil Story?
Seven years ago, Ghana was about to become the next thriving economy, basking in the wealth generated by its newly discovered oil and gas. But that scenario never became a Continue Reading
This $16B Project Could Add Up To 200,000 Bpd To Nigerian Output
Offshore rig Nigeria’s daily crude oil output may increase by 200,000 barrels by the end of March 2018, the Nigerian National Petroleum Corporation said. The new output will come from Continue Reading
Nigerian Militants Are Getting Ready to Strike Oil Again
If the Nigerian government wants to fight militants blowing up oil pipelines, it should send troops into the creeks and mangrove swamps of the Niger River delta. Not the city. Continue Reading
Oil Trade Gives Clearest Sign Yet Nigeria’s Forcados to Return
Shell among buyers for first time since February halt Pipeline stopped after militant attack led to force majeure The oil market gave the clearest sign yet that Nigeria’s Forcados crude Continue Reading