Pirates Attack FPSO and Kidnap 9
The Sendje Berge FPSO was attacked by pirates offshore Nigeria on July 2. BW Offshore has revealed that its FPSO Sendje Berge was attacked by pirates offshore Nigeria on July Continue Reading
Angola Unwilling To Compensate For Loose Compliance With OPEC+ Deal
Angola is not too keen to compensate for its loose compliance with the OPEC+ cuts by making deeper production cuts in Q3, Reuters reported on Thursday, citing sources in the Continue Reading
Covid-19 Is Crushing This African Oil Exporter
Stuck midway in reforming its energy sector by chopping down unnecessary assets and optimizing the national NOC’s role vis-à-vis the government, Angola has endured a lot of strain in the Continue Reading
Saudi Arabia Discusses Progress Of OPEC+ Deal With Nigeria
Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in a phone call, the Saudi Continue Reading
Nigeria: As Oil Pollution Continues…
Government is not sincere about the much-touted clean-up of Ogoni land and beyond. The recent statement by the National Oil Spill Detection and Response Agency (NOSDRA) Director-General, Idris Musa that an Continue Reading
Clean-Up of Oil Spills in Nigeria Lacks Progress, Groups Say
Nigeria and Royal Dutch Shell Plc have failed to implement most recommendations made by the United Nations to clean up oil pollution in the Niger River delta, according to a Continue Reading
Nigeria: Three Refineries Gulped N1.6trillion in Cumulative Losses in 5 Years, Says NNPC Audit Report
Oil refinery (file photo). Three of Nigeria’s four refineries gulped N1.64 trillion in cumulative losses recorded in their operations since 2014, details from the first-ever audited accounts and financial statements Continue Reading
Nigeria Oil Quota in OPEC+: Latest Details
Nigeria said it reaffirms its commitment to the OPEC+ deal struck on Saturday and “subscribes to the concept of compensation” from members pumping above their quota. “We are in full Continue Reading
Oil Price Collapse Could Strain Nigeria’s Federal System
The collapse in international oil prices, having dealt a devastating blow to Nigeria’s finances, now threatens the West African nation’s shaky federal political system. Earnings from crude sales will plunge 80% Continue Reading
Angola Cuts Oil-For-Debt Exports To China
Angola is reducing oil shipments to China with which it pays part of its debt to its biggest creditor as the African OPEC member looks for debt relief from its Continue Reading