Africa | Egypt Oil & Gas - Part 31
Buhari To Release Full Audit on Nigerian State Oil Company
Nigerian President-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need to repay the government more than previously recommended, his party’s policy di ...
Rival Government Continues to Receive Oil Revenue in Libya
Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, o ...
Nigeria Must Raise Gas Prices to Bridge Looming Gap
Nigeria has to raise its gas prices to attract an estimated $55 billion of investment needed to plug persistent local shortages, Nigerian Gas Association President Bolaji Osunsanya said.
Puma Energy to Invest $400 Million in Angola Oil Terminal
Puma Energy, whose largest shareholder is commodity trader Trafigura Beheer BV, opened an offshore fueling system in Angola’s capital to expand a terminal that could cost as much as $400 million.
Woodside Backs Out of Rabat Licence Operatorship Offshore Morocco
Woodside Petroleum has elected not to take operatorship and fund the drilling of an exploration well in return for an additional 25% equity stake in the Rabat Deep Offshore permit in Morocco.
Payrolls, Hiring Expand in Middle East Despite Global Oil Slump
Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring, a new report reveals.
Nigeria and Algeria Predict a Long Period of Low Oil Prices
Oil prices are likely to stay low for a long time after falling more than 40 percent in the past year, said officials from two OPEC nations.
Nigerian Fuel Marketers Owed $315 Million in Fuel Subsidy
Nigeria's main fuel marketers said late Thursday the government has yet to fulfill its pledge to settle Naira 60 billion ($315 million) in unpaid subsidy for gasoline imported in previous quarters, warning that this ...
