The renewed attacks by new militant groups in Niger Delta region since early this year have reduced Nigeria’s oil production in the onshore and shallow water by 70 per cent, Continue Reading
On Tuesday, news broke of Angola’s decision to back out of a deal with Cobalt International Energy to purchase an oil discovery for $1.8 billion. Sonangol, Angola’s state energy firm, Continue Reading
A girl stands beside a laundry line in a poor neighborhood overlooking Cabinda, a heavily guarded territory that accounts for half of Angola’s oil output. (Nichole Sobecki/For The Washington Post) Continue Reading
Amnesty coordinator says stipends restart Monday after delay Oil production has dropped to 1.4 million b/d, minister says Nigeria resumed payments to former militants in the oil-rich Niger River delta Continue Reading
Suspected militants have attacked an oil pipeline operated by a local affiliate of Shell in Nigeria’s restive southern Niger Delta region, locals and a community group said on Monday. Militants Continue Reading
Royal Dutch Shell says its oil production in Nigeria will fall by 35,000 barrels per day in the third quarter of 2016 due to sabotage incidents and scheduled repairs. Shell, Continue Reading
Pipelines Niger Delta Recent military attacks on oil infrastructure in Nigeria have dragged the country’s daily crude production down by 700,000 barrels per day (bpd), figures by the Nigerian National Continue Reading
Nigeria’s revenue fell to the lowest in at least one year in May as militant attacks in the oil-producing Niger River delta caused crude production to slump. The federal government Continue Reading
Muhammadu Buhari, who won the election, campaigned on the promise to crack down on corruption — and reclaim stolen assets. (Carl LeVan/The Monkey Cage) In Nigeria, billions of dollars each Continue Reading
Angola is at a critical juncture as its government sees a bleak year ahead as the continued oil price slump has made it halve its 2016 growth forecast. The oil Continue Reading
