Africa | Egypt Oil & Gas - Part 33
Violence Sparks in Nigeria’s Oil-Rich Delta Region
Nigeria’s delta region was hit by violence on Friday, as gunmen killed nine people and, separately, militants blew up a gas pipeline, in a sign of returning unrest to the oil producing area days after a relative...
African Oil Producers Seek to Cut Production
The African Petroleum Producers Association, which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally. The group also includes the continent’s biggest producers, Nig...
Access Co-Development Fund Launched for Renewable Projects
Access Infra Africa, a developer, owner and operator of power assets in Africa, has launched the Access Co-Development Fund (ACF), a $5 million competition designed to bridge the gap between early stage renewable ener...
Exploration and Productions Drops to Record Low in Nigeria
Nigeria’s oil and gas sector faces low exploration and drilling activities, with only two companies currently engaged in activities, revealed the Nigerian National Petroleum Corporation (NNPC). The fall in exploration...
UN Environment Report Praise Africa’s Share of Renewables
The global shift toward renewable energy is not only continuing apace — it may be picking up speed. Such is the upshot of a new report from the United Nations Environment Programme, finding that worldwide investment i...
Angola Is Among Biggest Losers of Low Oil Prices
Plunging oil prices have been an economic windfall for U.S. consumers, primarily through greater savings at the pump. In energy-reliant countries around the world like Angola, however, the effect has been far less ben...
China’s Cnooc Postpones Shale Project
China National Offshore Oil Corp (Cnooc) has decided to shelve its shale gas project in Anhui province in the latest sign that the shale gas revolution that transformed the US energy industry is unlikely to replicate ...
Morocco’s Refiner Samir Releases Record Loss Due to Oil Price Fall
Morocco’s only oil refiner Samir posted a record net loss of 3.42 billion Moroccan dirham ($349.7 million) in 2014, mainly due to inventory revaluation after oil prices fell. The company, controlled by Corral Pe...
