Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic slump in 25 years, it’s making life easier for fellow OPEC members.
Nigeria is seizing one of Africa’s richest oil blocs and could prosecute petroleum giants Shell and Eni over a corruption scandal, court documents show.
Under-fire Scottish oil explorer Bowleven said yesterday that it was making major progress with its Cameroonian licences.
General Electric has proposed investing in Nigeria's oil refineries.
Eni said it plans to deepen its involvement in Nigeria's energy industry.
Sound Energy today confirmed it signed a heads of agreement to acquire all of Oil & Gas Investment Fund's (OGIF) assets in Eastern Morocco.
Libya’s oil production rebounded to about 700,000 barrels a day after dipping temporarily due to power outages that disrupted operations at some of the OPEC member’s fields.
Nigeria’s blue-collar oil union suspended a planned three-day warning strike that began Wednesday after the government brokered a deal between workers and oil companies, including units of Chevron Corp. and Exxon Mobil Corp.
Libya's UN-backed government will declare force majeure on two ports as it attempts to stop fuel smuggling from them.
Access Bank Plc is predicting that the level of troubled loans in Nigeria will continue to climb before an economic recovery in the second half of the year brings relief to the country’s lenders.
A court in London will decide in coming weeks whether Shell can face trial in the UK over oil spill allegations in Nigeria.
A Nigerian oil labour union has suspended a strike at Total's fuel depot after an an agreement was reached to end a row over sackings, according to a union official.
Nigeria has started paying cash stipends to former militants again in an effort to stop attacks on oil pipelines that have lowered production and dented the country’s economics, a news report said.
Former Nigerian rulers have banded together to sing a hymn for peace in the troubled nation, with some acknowledging they had a role in creating the “mess”.
Two exploration wells drilled on blocks operated by Shell off Tanzania have come up dry.
A trio of offshore oil and gas exploration and production deals worth a total of at least $220million have been signed by Egypt's Oil Minister with Total, BP and Eni.
ExxonMobil said today that gas had been struck on an onshore field in Papua New Guinea.
Libya reopened two of its biggest oil fields and is set to load its first crude cargo in two years from its largest export terminal as the war-torn country pursues plans to almost double output in 2017. Benchmark Brent crude erased some of its rally on the news.
Africa-focused Impact Oil and Gas said today that it had raised $12.3million through an underwritten open offer.
BP is to inject almost 1 billion US dollars (£800 million) into a gas field off the coast of west Africa as the industry continues to battle low energy prices.
Oil extended its gains above $52 a barrel as a planned production boost from Libya stalled amid continuing tension in the OPEC member exempt from agreed output cuts.
Libya is preparing this week to reopen two of its biggest oil fields and ship the first cargo from its largest export terminal in two years, as the war-torn OPEC state pursues plans to almost double crude output in 2017.
Rosneft has bought a stake in the biggest gas field in the Mediterranean Sea.
Italian firm Eni has agreed to sell a 30% stake in the Shorouk concession offshore Egypt to Russian oil company Rosneft for $1.13billion.
Sound Energy has upped its stake onshore Morocco after acquiring a 75% interest in the Sidi Moktar licences.