Nigeria | Egypt Oil & Gas - Part 29
Transcorp Suspends Plans to Construct $1B Power Plant
Transnational Corporation of Nigeria Plc has decided to postpone plans to construct one of Nigeria’s biggest power plants
OPEC’s Crude Output Disrupted in July
Production of the Organization of Petroleum Exporting Countries' (OPEC) was disrupted in July by militant attacks in Nigeria and political unrest in Libya, according to Bloomberg.
Nigeria’s Oil Production Drops
Nigerian oil production has dropped to 1.4mb/d due to attacks by armed militant groups, the Nigerian Oil Minister, Ibe Kachikwu, declared.
OPEC Oil Output to Reach Record High in July
The Organization of the Petroleum Exporting Countries' (OPEC) oil output is likely to reach its record in July. Supply from OPEC has risen to 33.41mb/d in July.
South African Energy Workers Call for Strike over Wages
The Chemical, Energy, Paper, Printing, Wood and Allied Workers Union (CEPPWAWU) said that South African energy workers plan to strike over wages at the end of July. The strike would affect the crude oil refineries an ...
Nigeria: Militant Group MEND Confirms Talks over Oil Attacks
Nigerian militant group, the Movement for the Emancipation of the Niger Delta (MEND), said it was in back-channel talks with the government to end renewed violence on the oil and gas facilities in the oil-producing ...
Nigeria Records $518m Lost in Oil Revenues in 2013
Nigerian National Petroleum Corporation has weighed costs amounting to $518m to the federal government due to 2013 inefficiencies in oil swaps and offshore processing agreements.
Nigeria: ExxonMobil Announces Force Majeure on Oil Exports
ExxonMobil subsidiary Mobil Producing Nigeria has announced a force majeure on exports of the country's largest export stream, Qua Iboe crude oil.
