Nigeria | Egypt Oil & Gas - Part 51
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 ...
South Africa’s SacOil Ends Nigeria JV Due To Weak Oil Prices
South Africa’s SacOil Holdings has ended its joint venture with Nigeria’s Nigdel United Oil Company and abandoned its oil licence in that country as softer oil prices forced the firm to cut costs. Global o...
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...
Unveiling the Truth About Nigeria’s Missing Oil Revenue Billions
Just over a year ago President Goodluck Jonathan suspended me from my position as governor of the Central Bank of Nigeria after I questioned an estimated $20bn shortfall in oil revenues due to the treasury from the st...
Shell Declares Force Majeure on Nigeria’s Forcados Crude Exports
Shell has declared force majeure on exports of Nigeria’s Forcados crude oil stream, a spokesman for the company said on Wednesday. It declared force majeure on the evening on May 5 following “a series of l...
Nigeria Slashes 2015 Fuel Subsidy Due to Price Slide
Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices. The government had said it would gradually phase out fuel subsidies which are a signifi...
Afren to Commission Ebok Platform Offshore Nigeria
Afren is looking to sustain its wide-ranging development and exploration programs offshore Africa, despite the company’s current financial difficulties. Offshore Nigeria, the company and its partners plan further deve...
