NLNG denies illegal withdrawal of $1.05bn
Nigeria LNG (NLNG) has denied reports that top officials illegally withdrew $1.05 billion from its dividend account with its majority shareholder, Nigerian National Petroleum Corp. (NNPC).
Nigeria LNG (NLNG) has denied reports that top officials illegally withdrew $1.05 billion from its dividend account with its majority shareholder, Nigerian National Petroleum Corp. (NNPC).
Numis Securities has opted to cut its natural resources division, driving a number of companies to seek new brokers.
The $14.9 billion Mozambique LNG financing has been signed, Oil India Ltd (OIL) has said.
The Nigerian National Petroleum Corp. (NNPC) has rejected calls to move its tank farms, saying this should wait until refineries have been rehabilitated and the Dangote Refinery started.
McDermott has won a large engineering and procurement contract for a 12,000 barrel per day refinery in Nigeria.
A fire on the Shokeir-Mostorod pipeline has been extinguished, although 17 people have been reported as being injured.
The Lagos State Emergency Management Agency (LASEMA) has put out a fire at an illicit fuel storage depot at Oregun.
Lawyers representing Nigeria and Process and Industrial Developments (P&ID) have put forward their cases as to whether an extension should be granted in the long-running legal saga over a Cross Rivers gas plant.
The United Nations Security Council will discuss the outlook for the Safer tanker, a floating oil storage vessel off Yemen in a state of disrepair.
Saudi Aramco has launched a reorganisation of its downstream business with the aim of maximising value.
SDX Energy has sold its 50% stake in the North West Gemsa licence to privately owned Gulf Energy.
Sonatrach is facing a “deep audit” by the Algerian state, while the company also attempts to control costs.
Tullow Oil has announced the end of its Early Oil Pilot Scheme (EOPS) in Kenya, declaring the project to be a success.
Lekoil has signed service agreements with Schlumberger for drilling on the Otakikpo field, although it is continuing work on the financing.
Seafox International has said moves by Gulf Marine Services (GMS) demonstrated a “flagrant disregard for good governance”.
Libya’s National Oil Corp. (NOC) has named the United Arab Emirates as being behind the order to stop production in the North African country.
Libya’s National Oil Corp. (NOC) has lifted force majeure on oil exports from the North African state, but has warned production will be low.
The worst of the reduction in oil demand came in the second quarter, the International Energy Agency (IEA) has said, and will be down by 5.1 million barrels per day in the second half of the year.
African states trying to secure domestic energy infrastructure have tended to struggle with creditworthiness, which makes project financing more difficult.
The price crash has put producers around the world under pressure – but few are facing a court challenge in a bid to stop the oil flowing.
Mammoet has begun demobilising its heavy-lift equipment at the Dangote Refinery complex, in Nigeria, although the plant is now expected to start up in late 2022.
Eni’s CEO Claudio Descalzi has held talks with the head of the Government of National Accord (GNA) Fayez al Sarraj and the chairman of the National Oil Corp. (NOC) Mustafa Sanalla.
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
An explosion at a valve station has killed seven people in Nigeria’s OML 40.
Pharos Energy has put on hold all development work in Egypt, which will lead production to decline.