Oil | Egypt Oil & Gas - Part 80
Nigerian Central Bank Calls for Tough Measures Due to Oil Prices
Nigeria’s central bank ordered banks on Friday to crack down on borrowers with non-performing loans (NPLs) in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion. A s...
Ghana Not to Drill New Oil Wells in Disputed Area
Ghana can’t drill new oil wells in a disputed sea area with Ivory Coast, according to a special tribunal. The order may impact producers, including Tullow Oil Plc. Ghana and Ivory Coast “shall pursue cooperation and r...
OPEC Pumps Record 2m bpd in Q1
The world’s biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade, according to Reuters. The Organization o...
Libya Shuts Down El Feel Oilfield
Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. No more information was immediately available. The OPEC producer had managed to restart the field this year after a pipeline...
French GDF Suez Revamps itself Under New ‘Energy’ Label
French gas utility GDF Suez said on Friday it was changing its name to “Engie” to reflect an evolving energy sector and the group’s growing involvement in renewable power, marking a break from its fo...
Buhari To Release Full Audit on Nigerian State Oil Company
Nigerian President-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need to repay the government more than previously recommended, his party’s policy dir...
Fracking Update: Clean Geothermal Power from Water Waste
Oil fracking companies seeking to improve their image and pull in a little extra cash are turning their waste water into clean geothermal power. For every barrel of oil produced from a well, there’s another seven of w...
Rival Government Continues to Receive Oil Revenue in Libya
Libya’s official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival governme...
