Delek Drilling shareholders will meet on July 1 to vote on whether to approve a $200 million investment in a subsea pipeline to Egypt.

Nigeria almost tripled its budget to fund an amnesty program for militants in its oil-producing heartland.

30 year old Tomislav Salopek, a Croatian surveyor in the oil and gas industry working with France's CGG Ardiseis, was abducted last month on his way to work in Cairo, reported Ahram Online.

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 relatively peaceful presidential election.

Libya´s two biggest oil ports, Ras Lanuf and Es Sider, will be able to open once security checks are made as forces backing the country's rival government have left the area after months of fighting, a National Oil Company (NOC) official said on Tuesday.

In the first of a series of exclusive reports from Ruth Sherlock in Libya, the resource-rich country's oil minister warns that it will run out of money in 18 months as post-Gaddafi anarchy threatens to turn it into "another Somalia".

A Nigerian militant group based in the oil-producing Niger Delta said on Sunday it had attacked an oil pipeline owned by Italian firm Eni where witnesses said there was a fire late on Saturday.