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Tag: oil
Nigeria’s NNPC adopts Saudi Aramco’s security model to curb oil theft
Nigeria has decided to adopt the security infrastructure similar to that of Saudi Arabia’s oil giant Aramco to protect its oil pipelines and curb theft. ... Read More
State of Angola’s economy taking centre stage in the polls
After the last decades of civil war, an oil boom, corruption scandals, the state of Angola’s economy will be one of the biggest and most ... Read More
UN report: Africa, still too reliant on commodities exports, needs to diversify
Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, ... Read More
U.S contracts Deloitte to research Libya’s oil sector
U.S administration has recently contracted for two assessments of the Libya’s oil sector recovery, Libya Observer reports, citing France-based investigative media Africa Intelligence. The first ... Read More
State-run Sonatrach inks exploration & partnership MoU with Exxon
Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and ... Read More
Oil: Shell, NNPC launch $10bn deep-water project in Nigeria
The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) have invited bidders to tender for a $10 billion deep-water project ... Read More
Libya Announces Reopening of Key Oil Terminals, Triggering Fall of Crude
Libya’s oil production and export operations will resume to normal levels after General Khalifa Haftar, the military strongman controlling eastern Libya, agreed to allow four ... Read More
Beijing’s PetroChina Signs Deal to Purchase Libyan Oil
China’s largest oil and gas producer and distributor, PetroChina has signed up with the Libyan National Oil Corporation (NOC) to buy Libyan oil, few months ... Read More
Eni Gets New Offshore Exploration Permit in Morocco
Italian Oil & Gas Company Eni has signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to explore the Tarfaya Offshore area, located ... Read More
Algeria’s Foreign Reserves to Further Shrink to $97 bln in 2017
Battered by falling oil and gas revenues, Algeria's foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, ... Read More