The new Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.  (LEON NEAL/AFP/Getty Images)

East Libya seeks to grab oil contracts amid fight with rivals

Libya, with Africa’s largest oil reserves, pumped about 1.6 million barrels a day of crude before a 2011 rebellion ended Muammar Qaddafi’s 42-year rule.

West African crude imports head to East Coast, not Gulf Coast, amid global glut

As Ralph Macchio celebrates his 54th birthday (make you feel old? me neither, ahem…), the crude complex has tried to kick higher ahead of the weekly inventory report, but is losing the fight against a stronger dollar. While we continue to slowly exit US maintenance season, builds to crude stocks are still underway. Last night’s API […]
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(Paul O'Driscoll/Bloomberg News)

Amnesty International says Shell has not cleaned up oil spills in Nigeria

A new report quotes one contractor as saying his clean-up was “a cover-up” that involved simply turning over earth to let spilled oil dry for a few days, then returning the still-contaminated soil to the ground.
The Eirik Raude semi-submersible rig operates on the Jubilee Field offshore Ghana. (Photo: Tullow Oil)

Tullow jumps as Kosmos says Ghana oil project still on course

The Tweneboa, Enyenra and Ntomme, or TEN, project is 75 percent complete and remains on budget and on track, Kosmos Energy Ltd. said in a statement Monday.
(Chevron photo)

Chevron starts production offshore Central Africa

Located 65 miles offshore the African coast, the Lianzi Field is situated in a zone between the Republic of Congo and the Republic of Angola, Chevron’s first development in Congo and its cross-border offshore project in the region. It’s expected to produce an average of 40,000 barrels of crude per day.
Categories: Africa, Crude oil
Diezani Alison-Madueke, Nigeria's former oil minister, at OPEC's Vienna headquarters on June 11, 2014. (AP Photo/Ronald Zak)

Nigeria’s former oil minister Alison-Madueke arrested in U.K.

Diezani Alison-Madueke, a former president of the Organization of Petroleum Exporting Countries, served as Nigerian oil minister for five years until her party lost elections in March.

Houston oil company settles SEC investigation over West Africa payments

The company failed to properly account for funds disbursed by its Guinean subsidiary and did not do a good enough job vetting third-party vendors, which led to a violation of the Exchange Act that requires companies to keep detailed records of all transactions, the SEC said in its order.
Nigeria's President Muhammadu Buhari, left, shakes hands with United Nations Secretary-General Ban Ki-moon as they meet during the 70th session of the United Nations General Assembly at U.N. headquarters, Monday, Sept. 28, 2015. (AP Photo/Craig Ruttle)

Nigerian president also plans to be oil minister

Nigeria is Africa’s biggest petroleum producer and is hard hit by halved prices for the oil that provides 80 percent of government income.

Exxon Mobil reports first oil in Nigerian project

The project is a deep-water subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the initial Erha field, which has been producing oil since 2006.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon Oil trims jobs, $150 million from exploration spending

Marathon Oil Corp. is shedding 40 jobs, mostly in the United States, and is scaling back plans to explore for oil and gas in conventional plays, the company confirmed Thursday.