A retired Swiss oil executive who previously said he had knowledge of illicit dealings over a Nigerian oil block involving Royal Dutch Shell Plc and Eni SpA reversed his statements at a trial in Milan Wednesday.
More than 50 people are missing after a leaking oil pipeline exploded and caused a stampede in southern Nigeria, local officials say.
BP has handed TechnipFMC the contract for the floating production storage and offloading (FPSO) unit for its Greater Tortue Ahmeyim on the maritime border of Mauritania and Senegal.
Japanese firm Modec has been awarded a contract to design and build an FPSO for one of the world’s largest deep-water oil discoveries.
Unidentified gunmen attacked an Anadarko Petroleum Corp. liquefied natural gas project in northern Mozambique, the first attack on an energy company since an insurgency by suspected Islamist militants began 16 months ago.
First gas has entered the facilities for Neptune Energy and Sonatrach's Touat project in Algeria as part of the commissioning stage.
A two-decade fight over whether Royal Dutch Shell contributed to the execution of nine Nigerian oil-industry critics has landed at the company’s doorstep.
Egypt is finalising details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year.
BP has started production from the second phase of its West Nile Delta development offshore Egypt.
Nigeria is the largest economy in Africa and one of the most popular sub-Saharan states to have received foreign investment from European, US and Chinese investors over recent years. It is one of the world’s larger oil producing countries, with daily production of nearly two million barrels, more than twice that of the UK. It has been a member of the Organisation of Petroleum Exporting Countries (OPEC) since 1971.
Nigeria’s main opposition presidential candidate, Atiku Abubakar, said he’ll sell the state oil company, which he called a “mafia organization,” and attract private investors to drive economic growth and create jobs if he wins office next month.
Many people are feared dead after an oil tanker overturned and exploded in Nigeria while people were scooping up leaking fuel.
Total has started up production from the Egina field off the coast of Nigeria.
BP and project partner Sonangol have agreed to work towards a final investment decision on the Platina field development offshore Angola
The Nigerian government has filed a billion-dollar claim in a British court against oil giants Royal Dutch Shell and Eni over alleged fraud and corruption that diverted millions of dollars from the African nation.
A trio of oil executives who hit the jackpot with a gas find off Mozambique have long believed they can repeat that success not far from their original discovery. Now financial backing from seasoned Africa explorer Tullow Oil Plc has given them the firepower to take another shot.
TechnipFMC will modernise and expand Middle East Oil Refinery's (MIDOR's) complex near Alexandria, Egypt.
The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.
Australian firm FAR said today that drilling had commenced on the Samo-1 exploration well in block A2, offshore Gambia.
The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.
BP Plc and Eni SpA could re-start work on a project in Libya in the first quarter, setting the stage for the OPEC member to boost production by “hundreds of thousands of barrels” a day, the head of the country’s state oil company said.
At least 60 people have been killed after a pipeline explosion south east of Nigeria.
Subsea 7 has won a contract with Tullow Ghana on the Jubilee field.
BP has entered an agreement with Eni and Libya’s National Oil Corporation (NOC) to resume exploration work in the country.
Oil major BP pinpointed its reasoning behind its African investments. Speaking in New York as part of an event highlighting opportunities in Africa, Bernard Looney reinforced the firm’s commitment to the continent.
