Nigerian Petroleum Development Company (NPDC), a subsidy of the Nigerian National Petroleum Corporation (NNPC) will push daily production of crude oil to half a million barrels, emerging as the country’s Continue Reading
Angola’s crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $80 a barrel: BofAML While plunging output in Venezuela captures the oil world’s attention, Continue Reading
State-held Nigerian National Petroleum Corporation (NNPC) aims to make its exploration and production unit—the Nigerian Petroleum Development Company (NPDC)—the top oil producer in the country, local media quoted NNPC group Continue Reading
Nigeria’s excess crude account is set to swell as the price of Bonny Light leaps towards $75 per barrel in the international market. The price of Bonny Light stood at Continue Reading
Africa’s second-largest oil producer Angola is seeking non-financial assistance from the International Monetary Fund (IMF) to help it with reforms aimed at revitalizing the economy that has suffered from low Continue Reading
Although Nigeria is Africa’s largest oil producer, it is also one of the continent’s largest importer of refined petroleum products. However, despite being a net importer of refined petroleum products, Continue Reading
Gbenga Onadeko is the Senior Vice President, Africa, for Welltec. In this interview, he speaks on how technology can drive down Nigeria’s cost of oil production from $20 to $6 Continue Reading
British energy company BP is moving ahead with development of a liquefied natural project off the West African coast with early design work, a contractor said. French services company TechnipFMC Continue Reading
Nigeria’s crude oil production stood at 2.022 million, bpd in March, 277,000 bpd below the 2.3 million bpd benchmark for budget 2018, indicating, the country is still struggling to step Continue Reading
With production close to a two-year low, presidential action in OPEC-member Angola has the potential to reverse a steady decline, analysis finds. “Low oil prices and the fact that the Continue Reading
