As OPEC prepares for talks on eliminating a global crude glut, Nigeria’s oil minister says he’s more concerned about the potential for U.S. shale suppliers to replace the lost barrels by ramping up their own output, quelling any price rally the producer club might achieve.
The Ivorian Government has approved plans from a consortium headed up by French energy giant Total to build and operate an LNG re-gasification terminal in the West African country.
Four guards have been killed by gunmen at a facility operated by the Nigerian subsidiary of Eni, according to officials.
Africa’s oil and gas industry has the potential to be a source of much needed revenue for Scottish firms, a business gathering heard in Aberdeen yesterday.
West-Africa-focused Eland Oil and Gas said today it would speed up plans to reduce its use of pipelines for its Nigerian crude exports.
Nigeria’s economic slump deepened in the third quarter as oil production continued to fall and factory output was hit by a shortage of dollars.
Eni's board of directors has given the green-light for investment in the first phase of the development of the Coral discovery offshore Mozambique.
Nigeria reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs.
Nigeria's largest airline Arik Air has reduced the number of domestic flights it offers after a scarcity of aviation fuel, according to reports.
A final investment decision on Tanzania’s $30bllion onshore liquefied natural gas export terminal (LNG) will not be made for at least five years according to Statoil’s country manager.
Exxon Mobil Corp. is negotiating with Chad’s government about a record $74 billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.
A Nigerian militant group said today that it had attacked sections of the Nembe Creek pipeline in response to the armed force’s presence in the southern Niger Delta.
Nigerian inflation accelerated for the 12th consecutive month in October as exchange-rate pressures persisted on the prices of goods and services, complicating the central bank’s task of supporting an economy forecast to contract this year.
Output from Ugandan crude deposits being developed by companies including Tullow Oil Plc and Total SA is unlikely to be exported as soon as the nation expects because of the scale of the infrastructure projects required to transport the fuel out of the country.
Libya’s largest oil export terminal may re-open as early as next week in a move that would provide relief for the cash-strapped country holding Africa’s largest crude reserves.
Shell has shut down an Escravos crude oil flow station in Nigeria's Niger Delta after villagers demanding aid staged a protest.
Militants have reportedly bombed an oil pipeline in the Niger Delta region.
Bowleven's boss said the Scottish oil explorer was making progress on developing its Cameroonian assets despite its losses widening by $40million in 2015/16.
Portugal’s Galp Energia has agreed to by a 20% non-operated stake in three blocks in the Gulf of Guinea from Dallas-based Kosmos Energy.
Militants have resumed attacks in the Niger Delta region after a brief ceasefire.
A prominent tribal leader who helped eastern force take control of major oil ports in Libya has been wounded after a car bomb exploded.
A commander of a Nigerian militant group has attacked a pipeline in the Niger Delta region, according to reports.
SeaBird Exploration said today it would send its Osprey Explorer vessel to the Gulf of Guinea later this year for seismic survey work.
Nigeria's Senate has said it will nearly complete work by year end on two major areas of long-delayed legislation to tackle problems in managing the nation's oil wealth.
The African Development Bank's board has approved a $1billion loan for Algeria.