Cairn says Kraken and Catcher still on for first oil in 2017
Scottish oil explorer Cairn Energy said today the North Sea Catcher and Kraken fields are still on track for first oil in 2017.
Africa
Nigerian protestors blockade Chevron oil depot – report
Protesters blocked access to an oil facility owned by Chevron in Nigeria’s restive Niger Delta earlier this week, a news report said.
US, UK and other nations warn over rising Libyan tensions
The US and a host of other companies have expressed concern over reported rising tensions in Libya which could harm the country's energy infrastructure.
Circle Oil’s Morocco’s production falters after earthquake
Circle Oil's Morocco production has started the slide.
Nigeria fights slump with spending as Emefiele targets inflation
Nigeria’s government is looking to spend its way out of an economic slump after its own central bank said it can’t bolster growth and is instead targeting inflation with a record interest rate.
Nigeria resumes paying ex-Delta militants as oil output drops
Nigeria resumed payments to former militants in the oil-rich Niger River delta and the military targeted gangs involved in sabotage of pipelines, as the government responded to sustained attacks on infrastructure that dragged crude production back to an almost 30-year low.
Solo Oil gets year extension on Ruvuma PSA
Solo Oil said the Mtwara licence which is part of the Ruvuma Production Sharing Agreement (PSA) has been granted a further one year extension.
Algerian gas plant attacked by Al Qaeda ready to return to full production
A gas plant in Algeria is ready to come back fully online after it was attacked three years ago by Al Qaeda killing 40 workers.
Niger Delta Avengers claim responsibility for NNPC pipeline attack
The Niger Delta Avengers (NDA) have claimed responsibility for a pipeline explosion in Nigeria's Akwa Ibom state.
Nigerian government says talks with Avengers taking place, militants deny claim
The Nigerian Government is talking to militants in the Niger Delta in a bid to end a wave of attacks on oil and gas facilities.
Niger Delta Avengers: What we know so far
Militant group the Niger Delta Avengers (NDA) has vowed to start attacking personnel as it continues its fight for oil assets in the West African country.
Chinese oil company moving its staff from South Sudan as fighting flares
A Chinese state oil company moved some staff from South Sudan, where fighting flared almost two weeks ago, as the African nation’s military said it’s trying to disperse an armed group that’s threatening to march on the capital.
Militants attack pipeline in Niger Delta Region
Militants in Nigeria have attacked a crude oil pipeline in the Niger Delta Region.
Sirius Petroleum wins Nigerian governmental approval for Ororo licence
Sirius Petroleum has won approval from the Nigerian Federal Ministry of Environment for is safety assessment on the Ororo field licence.
Oil rises as ExxonMobil declares force majeure on shipments of Nigeria’s biggest crude export grade
Oil rose as Exxon Mobil Corp. declared force majeure on shipments of Nigeria’s biggest crude export grade. Futures rose as much as 0.5 percent in New York, reversing an earlier decline of 1.4 percent. Force majeure was declared on Qua Iboe crude after “a system anomaly observed during a routine check of its loading facility,” Exxon said in an e-mailed statement Friday. This follows a similar disruption in May and June. The Niger Delta Avengers, a militant group that has targeted oil installations in Nigeria this year, claimed earlier this week that they attacked the Qua Iboe crude pipeline. Oil has traded between about $44 and $51 a barrel in the past month after almost doubling since February amid a spate of supply disruptions including the attacks in Nigeria. While there’s still a consensus that the worst of the oil glut that sent prices to a 12-year low is over, the International Energy Agency cautioned this week that “the road ahead is far from smooth” amid seasonal weakness in demand and the return of some halted supply. West Texas Intermediate crude for August delivery was at $45.79 a barrel on the New York Mercantile Exchange, up 11 cents, or 0.2 percent, at 1:14 p.m. London time. The grade rose 93 cents to settle at $45.68 on Thursday. Total volume traded was about 6 percent below the 100-day average. Brent for September settlement increased 12 cents to $47.49 a barrel on the London-based ICE Futures Europe exchange. The contract increased $1.11 to $47.37 on Thursday. The global benchmark crude traded at an 96-cent premium to WTI for September delivery.
Reopening Libya oil ports Is newly unified NOC’s ‘top’ priority
Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured OPEC nation struggles to reunite after five years of civil strife, according to its chairman.
ACWA Power gets cash go-ahead for Moroccan wind project
ACWA Power Jhalladi said it has confirmed final orders to suppliers and contractors for the construction of its wind power project in the North of Morocco.
RNRG supplies packages for development activities in Africa
Renewable NRG Systems (RNRG) said it has supplied complete resource assessment packages to French developer Valorem to support their development activities in Africa.
South Africa’s strategic fuel fund offers to buy Chevron’s majority stake in refinery
South Africa's Strategic Fuel Fund has offered to buy Chevron's majority stake in the country's oil refinery in Cape Town as well as other downstream assets.
Brexit vote leads to Nigerian militant call for break up of country’s federation
Nigerian militants have called for a referendum on breaking up the country's federation.
Nigeria exports at steady pace despite militant attacks
Nigeria kept exporting crude oil at a largely steady pace throughout last month, despite repeated militant attacks on its infrastructure.
Nigeria oil militants give talk terms, threaten bloodshed
Nigerian militants whose attacks on oil infrastructure have sent output plunging to its lowest level in 27 years said for the first time that they are considering peace talks, even as they threatened to rethink their policy of avoiding bloodshed.
Libya’s wealth fund to go head-to-head with Goldman Sachs
Libya's $67billion sovereign wealth fund is set to go head-to-head with Goldman Sachs this week in London's High Court amid claims the the US investment bank has been exploiting the fund.
Five African energy projects on track to win $7million cash investment
Five energy projects have been shortlisted for this year's $7million Access Co-Development Facility (ACF).
Niger Delta Avengers continue attacks, Buhari cancels visit
Militants have launched new attacks in the Niger Delta with President Muhammadu Buhari cancelling a long-awaited visit to the region.