Oil | Egypt Oil & Gas - Part 72
Nigeria’s Amcon Recovers 57% of Bad Debts Acquired from Crisis
The Asset Management Corp. of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa’s largest economy from collapse. “We’re a little bit behind, but not too far ...
Algeria’s Sonatrach Appoints Chief Executive
Algeria’s state energy firm Sonatrach has named Amine Mazouzi as its new chief executive to replace interim chief Said Sahnoun, who had been appointed less than a year ago, according to two industry sources on S...
Libyan Jets Attack Oil Tanker off Sirte
Libyan jets have attacked an oil tanker off the coast near the city of Sirte that the Benghazi-based government said was carrying reinforcements and weapons for rebel fighters. “Our jets warned an unflagged ship off S...
Company Responsible for Santa Barbara Oil Spill Under Investigation
Federal officials are investigating the company at the center of the Santa Barbara oil spill, which has left more than 11 miles of coastline covered with an oil slick. The Santa Barbara district attorney, Joyce Dudley...
Gulf of Mexico Oil Platform Catches Fire, No Injuries Reported
A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said. All 28 workers aboard were taken from the ...
Staff is Back at Oil Fields After Fighting in South Sudan
Staff at South Sudan’s largest oil hub are returning to work after fighting between the army and rebel forces prompted a group of them to temporarily evacuate, the East African country’s government said. Some workers ...
Nigerian Youths Close Down OML 29 in Nembe
Nigerian youths shut down crude oil production at two flow stations of the OML 29 (oil mining licence) oil block near Nembe in Bayelsa state at around 10 a.m. (0900 GMT) on Friday. The protesters, who oppose the sale ...
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...
