Sustained Brent crude prices below $50 a barrel will damp the prospects for new oil projects in West Africa. Angola, the continent’s biggest producer, has the lowest break-even price of Continue Reading
Economy contracted as oil output declined from previous period IMF forecast Nigeria economy will shrink 1.8% in 2016 Nigeria’s economic slump deepened in the second quarter as a declining oil Continue Reading
A Nigerian militant group, which has claimed responsibility for a series of attacks on oil and gas facilities in the southern Niger Delta energy hub in the last few months, Continue Reading
The focal point of global piracy is shifting to the Gulf of Guinea with a spurt of attacks in West African countries such as Nigeria even as the menace has Continue Reading
Australian energy company FAR Ltd. says its reserve estimate for an oil field offshore Senegal keeps increasing. File Photo by A.J. Sisco/UPI MELBOURNE, Aug. 23 (UPI) — Further analysis of Continue Reading
Against the positive picture painted on possible rise in the price of crude oil at the international market above USD50 per barrel, Nigeria may be left out of reaping this Continue Reading
A group calling itself the Niger Delta Avengers said it’s ready to consider some form of negotiation with the government in Abuja. The Niger Delta Avengers are blamed in part Continue Reading
An oil slick clots the bottom of mangroves in Bodo creek in Ogoniland, near Nigeria’s oil hub city of Port Harcourt December 4, 2012. Oil companies and even Nigerian officials Continue Reading
Nigerian crude oil production will likely remain suppressed by militant activity at least through next year, a report from the U.S. government said. The most active of the many militant Continue Reading
One of the bigger oil projects off the coast of West Africa has started production from a floating facility offshore Ghana, Tullow Oil announced Thursday. “I am delighted that the Continue Reading
