Category: Africa

Nigeria’s oil unions continue strike that may curtail exports

Any reduction in pumping would coincide with a collapse in the price of Nigeria’s biggest source of revenue.  More »

Global gasoline prices don’t look the same as in the U.S.

Weak global demand and a flood of cheap oil from North American producers are sending the price of gasoline plummeting, but the savings won’t look the same around the globe as they do in the U.S.  More »

Cheap oil is hitting these countries the hardest

The pain being felt in OPEC countries is likely being taken as good news in U.S. foreign policy circles.  More »

Nigeria’s allure dulled by oil price, Boko Haram

Seven months since the government rebased its economy to claim it was Africa’s largest, at about $523 billion, the central bank has devalued its currency and pushed the benchmark interest rate to a record 13 percent.  More »

Working overseas dangerous, lucrative for oil and gas employees

Terrorist groups have increasingly been targeting oil and gas workers for their lucrative kidnapping ransoms.  More »

Report: ISIS-affiliated group claims blame for Apache worker’s death

In August, an Apache supervisor was killed during an attempted carjacking while driving on a road in the desert southwest of Cairo, the company said.  More »

What OPEC’s Thanksgiving meeting means for U.S. producers

The group will decide Thursday whether to maintain its current production quota of 30 million barrels of oil per day or reduce that figure in an effort to boost crude oil prices.  More »

Shell Nigeria denies it lied to Dutch court

The multinational company, half owned by Nigeria’s government and with significant Dutch shareholding, says sabotage, not negligence, caused spills in 2004 along the Trans-Niger pipeline that destroyed several hectares of mangrove forests and the livelihoods of residents of Goi village.  More »

Energy Trends in Africa

While I have written posts on Nigeria and regularly referenced Libya in the last half decade on the burrito, I know very little about most of Africa when it comes to energy. So it was interesting to sift through this comprehensive report from the IEA to get a better understanding of some of the broader energy trends underway. Henceforth are my […]  More »

ConocoPhillips announces second oil discovery in Senegal

Cairn Energy said initial analysis shows the well has “excellent reservoir sands” with as much as 118 feet of net oil pay.  More »

Libya’s biggest oilfield to resume output soon, official says

Sharara was shut as a precaution after gunmen stormed the on-site production compound.  More »

Layne Christensen to pay SEC $5.13M over bribery allegations

The Securities and Exchange Commission alleged the Woodlands-based company had spent nearly $800,000 to pay off foreign government officials in Mali, Guinea and the Democratic Republic of the Congo.  More »

Shell makes deepwater gas discovery in Gabon

Royal Dutch Shell today announced a discover off the coast of Gabon but says it will need to conduct further analysis to determine just go much gas is present.  More »

Trinidad refinery swaps crude sources on Ebola scare

The decision follows the refusal of workers from Petrotrin, which operates Trinidad’s sole refinery, to assist with the berthing of a tanker that arrived in Trinidad waters.  More »

Statoil announces Tanzania gas discovery

The Norwegian energy company has had a presence in Tanzania since 2007.  More »
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