Africa | Egypt Oil & Gas - Part 28
Germany’s Wintershall Interested in Occidental’s Libyan Oil Assets
Germany’s Wintershall Holding GmbH has expressed an interest in buying stakes in Libyan oil-and-gas assets from Occidental Petroleum Corp., Libyan officials said, a rare move by a western company to increase its footh...
Staff is Back at Oil Fields After Fighting in South Sudan
Staff at South Sudan’s largest oil hub are returning to work after fighting between the army and rebel forces prompted a group of them to temporarily evacuate, the East African country’s government said. Some workers ...
Nigeria Oil Workers Threaten to Close OML 42 field
Nigerian oil workers will go on strike to halt a small field if the government does not meet with them by the end of the week, a spokesman for Nigeria’s main oil workers’ union told Reuters on Tuesday. The...
Removal of Nigeria’s oil Subsidies Will Be a Challenge
Nigeria’s crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be a fraught process, the chief executive of energy company Sahara Group said on ...
Conflict in South Sudan’s Oil-Producing Fields
South Sudanese rebels said they have taken control of the country’s main oil fields that are still producing crude, after defeating government forces in Upper Nile state on Tuesday. The insurgents loyal to former Vice...
Eastern Libyan State Oil Firm Selects Boards for Two Subsidiaries
A state oil firm controlled by Libya’s internationally recognised government has appointed boards for two state-run oil subsidiaries, officials said on Monday. The move signals the determination of a new oil fir...
Nigeria To Split Gas From Oil Leases to Increase Output
Nigeria, Africa’s biggest oil producer, plans to issue separate leases for gas assets in order to attract more investors to boost output of the fuel, the state-owned oil company said. “Gas, over the last few years, ha...
Africa Suffers from Rising Oil and Weaker Currencies
Several African countries are suffering this year from a double-whammy of higher oil prices and weakening currencies, with Ghana and parts of eastern Africa taking the hardest knock from the surge in inflation. While ...
