Sasol sells Escravos stake, works on Mozambique sale
Sasol has signed a deal to sell its indirect stake in the Escravos gas-to-liquids (GTL) plant, in Nigeria, to Chevron.
Nigeria
Shell’s Bonga ramps up despite COVID fears
Shell’s Bonga field completed maintenance last week and is ramping production back up, despite some isolated cases of coronavirus.
AKK pipeline construction getting under way
Work on Nigeria’s Ajaokuta-Kaduna-Kano gas pipeline is due to begin on June 30.
NNPC reports March deficit from price plunge
Nigerian National Petroleum Corp. (NNPC) saw a more than 300% decline in earnings in March as crude prices plummeted.
DPR calls on workers to follow COVID rules
Nigeria’s Department of Petroleum Resources (DPR) has called for oil company and government personnel to follow rules and document procedures in order to tackle the pandemic.
Shell heads to court for Nigerian spills case
Shell is heading to the UK Supreme Court today for another hearing on oil leaks in the Niger Delta.
High hopes for new well tool after overseas trials
A north-east entrepreneur has set his sights on commercialising oilfield technology developed primarily in Aberdeen after it passed field trials in Nigeria.
Zenith eyes Nigerian expansion
Zenith Energy plans to partner with a local company in Nigeria’s marginal field bid round.
Aje costs cut 38%, while exports pause
Contractors on Nigeria’s offshore Aje field have cut costs by 37.5%, with breakeven price reduced to $28 per barrel.
Nigeria plans solar household boost
The Nigerian government has set out plans for a major expansion for domestic solar power capacity.
Nigeria talks tough on production costs
Nigeria will cut production costs to $10 per barrel by the end of 2021, Nigerian National Petroleum Corp. (NNPC) managing director Mele Kyari has said.
OPEC+ agrees to extend output cuts as cheats offer penance
OPEC+ agreed to a one-month extension of its record output cuts and adopted more stringent methods to ensure members don’t break their production pledges.
Updated: Oil’s climb continues as strong jobs data adds to OPEC+ optimism
Oil headed for a sixth weekly gain after OPEC+ reached a tentative agreement to prolong its record production cuts and U.S. jobs data were better than expected.
African rig count plummets, while Middle East holds up
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
PPPRA deregulates petrol prices
Nigeria has officially deregulated prices of petrol, following approval from regulator Petroleum Products Pricing Regulatory Agency (PPPRA).
ShoreCan, Essar settle Nigerian differences
Shoreline Canadian Overseas Petroleum Development (ShoreCan) has reached an agreement in principle with Essar Mauritius bringing an end to a dispute on Nigeria’s OPL 226.
NNPC is watching you, and its products
Nigerian National Petroleum Corp. (NNPC) is to introduce a contact-tracing application across its locations in order to help curb the spread of coronavirus.
Pandemic drives oil reserves up for sale to 12.5billion barrels – Rystad
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Nigeria launches marginal field round
Nigeria has officially launched a marginal field bid round, with the Department of Petroleum Resources (DPR) saying 57 fields are available.
Surprise boost for Nigeria’s economy comes with higher oil flows
Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.
Nigeria loses bid to hear Shell case in England
The Nigerian government has expressed disappointment that a High Court ruling in England has opted not to hear a civil claim against Shell, Eni and Energy Venture Partners (EVP), over the OPL 245 case.
Nigeria’s illegal refiners take quality edge
Imports into Nigeria of gasoline and diesel are of worse quality than fuels produced from illegal refineries in the Niger Delta, a new study from Stakeholder Democracy Network (SDN) has reported.
Nigerian rig fire to burn for six weeks
Nigeria’s Guarantee Petroleum has contracted Halliburton and Chevron Nigeria Ltd (CNL) to tackle a rig fire on the Ororo marginal field, on OML 95.
Nigeria allowed access to hedge fund papers in $9.8 billion suit
A US court granted Nigeria permission to request documents from VR Capital Group, the part owner of a company that received a $9.8 billion arbitration award the government is trying to overturn.
MEA banks under oil price pressure
Middle East and African banks face mounting pressure from the gathering macroeconomic storm and oil price pressure, Fitch Ratings has said.