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Nigeria's $15B Oil Refinery Is on Track
Monday, January 21, 2019 Nigerian billionaire Aliko Dangote said he's on schedule to finish by next year his $15 billion oil refinery.
Armed Pirates Attack LNG Tanker Off Nigeria's Coast
Tuesday, November 13, 2018 Armed pirates chased and shot at a liquefied-natural gas tanker off Nigeria's coast.
Nigeria Oil Minister Says Oil Refinery Revival Pushed Back
Wednesday, November 07, 2018 The revival of Nigeria's state-owned refineries will happen a year later than expected after financing talks dragged on, according to the nation's oil minister.
Oil Traders Said to Mull Nigerian Proposal to Prolong Fuels Swap
Thursday, October 18, 2018 At least five oil consortiums said they were considering a proposal from the state-run Nigeria National Petroleum Corp. to prolong a crude-for-fuels swap program.
Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm
Tuesday, October 16, 2018 Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget.
Oil Pipeline Fire in Nigeria Kills 60
Monday, October 15, 2018 A Nigerian oil pipeline fire last week has claimed dozens of lives, according to news reports.
China Boosts West African Oil Imports to Offset Trade War Impact
Tuesday, October 02, 2018 China is set to boost its crude imports from West Africa to the highest in at least seven years this month.
Mini-Refineries Race Billionaire to Fix Nigerian Fuel Crisis
Tuesday, October 02, 2018 In the race to solve a fuel-import crisis in Nigeria, Africa's richest person faces competition from a swarm of tiny challengers.
Nigeria Presidency Candidate Says Would Privatize Oil Industry
Monday, October 01, 2018 Nigerian presidential aspirant Atiku Abubakar says he will privatize the oil industry of Africa's biggest crude producer if he becomes its next leader.
BP Oil-Buying Spree Jolts Sleepy West African Crude Market
Friday, September 14, 2018 Two of the world's biggest oil companies are stepping up buying and selling of West African crude at the same time.
Ghana Resurrects LNG Import Terminal With Chinese Deals
Tuesday, September 11, 2018 Ghana has chosen two Chinese companies to build the infrastructure it needs to import liquefied natural gas.
Nigerian Gas Tanker Explosion Kills At Least 35
Monday, September 10, 2018 At least 35 people were killed and hundreds injured when a gas tanker exploded in northern Nigerian state of Nasarawa.
Golar Eyes More Africa FLNG Projects After Hilli Success
Thursday, August 23, 2018 Golar hopes its pioneering FLNG project in Cameroon will lead to further schemes in West Africa.
Africa's Richest Man Arranges $4.5B Of Financing For Oil Refinery
Tuesday, July 24, 2018 Africa's richest man has arranged more than $4.5B in debt financing for his Nigerian oil refinery project.
Saipem-led JV Wins Contract for LNG Project in Nigeria
Friday, July 13, 2018 Nigeria LNG is a venture including Nigerian National Petroleum Corporation and oil majors Royal Dutch Shell, Total and Eni.
A $15 Billion Oil Bet Is Tough Challenge for Richest African
Friday, July 13, 2018 If Aliko Dangote pulls it off, the project could transform Nigeria's economy.
Dangote Readies $10 Billion Nigerian Oil Refinery for 2020
Friday, July 06, 2018 Despite being Africa's biggest crude producer and an OPEC member, Nigeria ships in almost all its gasoline and diesel from abroad.
Nigerian Oil Tanker Fire Kills Nine In Commercial Capital Lagos
Thursday, June 28, 2018 An oil tanker truck caught fire in Nigeria's commercial capital Lagos, killing nine people and burning out 53 other vehicles, an emergency agency official says.
Ghana to Buy Contracts to Protect It From High Oil Prices
Monday, June 11, 2018 Ghana will buy contracts to protect it from higher oil-product prices in the third quarter.
Africa Oil Giant Needs $12B to Avoid Missing LNG Boat
Thursday, June 07, 2018 On a tropical island just off the coast of Nigeria, hundreds of engineers work around the clock to produce LNG at a plant the size of Lower Manhattan.
Equatorial Guinea LNG Project Stumbles As Schlumberger Quits
Thursday, May 31, 2018 Schlumberger has decided to withdraw due to problems with the project's financing, Ophir says.
World's Second Floating LNG Project Starts Production In Cameroon
Monday, March 12, 2018 Norwegian shipping firm Golar LNG says liquefied natural gas production has started at its floating LNG production platform in Cameroon.
Nigeria's Senate Launches Brass LNG Corruption Investigation
Wednesday, January 24, 2018 Nigeria will hold an investigation into alleged corruption involving the state oil firm's long-awaited Brass LNG project.
Nigerian State Oil Firm's Board To Decide On Refinery Investors This Month
Tuesday, January 23, 2018 NNPC's board will decide on the investors for its three major refineries this month.
Nigeria State Oil Firm Says Gas Pipeline Explosion Has Not Affected Supply
Friday, January 12, 2018 Nigeria's state oil firm says the supply of gas had not been affected by an explosion the previous day on a major pipeline.
Angola LNG Production Setback Prompts Tender Cancellation
Monday, January 08, 2018 A production issue affecting the Chevron-led Angola LNG export facility has prompted the cancellation of a tender.
Nigeria Restores Supply Of Gas On Pipeline Affected By Fire-State Oil Firm
Monday, January 08, 2018 Nigeria has fully restored the supply of gas on a pipeline affected by a fire last week.
Nigerian Power Grid Shut Down By Gas Pipeline Fire
Wednesday, January 03, 2018 Nigeria's electricity grid has been shut down by a fire on a gas pipeline.
Nigeria's Rush For Petrol Could Save Europe's Sagging Margins
Monday, December 18, 2017 Nigeria's rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December.
New Africa Gas Comes at Right Time for Europe in Supply Woes
Friday, December 15, 2017 The extra output couldn't come at a better time for Cameroon.
Refining Capacity Growth In Nigeria Will 'Substantially' Erode Exports
Wednesday, December 13, 2017 Nigeria's projected growth in refining capacity over the early 2020s will 'substantially' erode the country's crude oil exports due to a 'weak' new project pipeline.
Nigeria's 650,000 Bpd Dangote Refinery Seen Onstream By End 2019
Tuesday, October 24, 2017 A refinery being built in Nigeria is due to come onstream by the end of 2019.
Ghana Fuel Site Blast Kills at Least 7, Injures Dozens
Monday, October 09, 2017 The site includes an LPG storage depot and two service stations run by state-owned GOIL and oil major Total.
Glencore Strikes Multi-Year Purchase Deal With Angola LNG
Wednesday, September 20, 2017 Glencore is to buy LNG supplies from Angola LNG over a multi-year period.
Russia's Gazprom Signs LNG Supply Deal With Ghana
Monday, September 18, 2017 Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas.
Sulphurous Fuels Flow To West Africa As States Defer Tougher Rules
Wednesday, September 13, 2017 Nigeria and several other West African states are not expected to implement rules banning imports of sulphur-heavy fuels until Dec. 1.
Nigeria's Shoreline Energy Signs $300 Million Gas Deal With Shell
Monday, September 11, 2017 Shoreline has signed a $300 million agreement with the local unit of Shell to develop gas infrastructure around the commercial capital, Lagos, both companies say.
Angola LNG Strikes Multi-Year Sales Deal With Vitol
Tuesday, September 05, 2017 Angola's sole LNG export facility will begin delivering shipments to commodity trader Vitol later this year.
Ghana, Equatorial Guinea Presidents To Sign LNG Deal
Monday, August 21, 2017 Ghana's President Nana Akufo-Addo plans to sign an agreement to import LNG from Equatorial Guinea during his three-day visit.
Nigeria's Forte Oil In Talks On Refinery Deal To Boost Capacity
Friday, August 04, 2017 Nigeria's Forte Oil In Talks On Refinery Deal To Boost Capacity
West African Oil Booms As Refineries Cash In On High Margins
Wednesday, August 02, 2017 Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage in certain types of crude.
African LNG Exports To Get Boost From Offshore Projects
Thursday, July 27, 2017 Cameroon plans to begin exporting LNG later this year using a newly designed offshore plant.
Nigeria's Aims To Diversify As 'Era Of Oil Booms' Ends
Wednesday, July 26, 2017 Nigeria plans to cut its oil exploration costs and move away from reliance on crude for export revenues.
Nigeria's Acting President To Return To Restive Oil Heartlands
Tuesday, July 25, 2017 Nigeria's acting president will meet again with community leaders from the Niger Delta oil heartlands next week.
Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate
Thursday, July 20, 2017 The continual disruption blighting the impoverished delta region threatens plans to exceed 2 million barrels a day, according to Wood Mackenzie.
Nigerian Fuel Retailer Nipco Launches $16MM Offer For Mobil Oil Shares
Wednesday, June 21, 2017 Nipco launches a $16 million offer for the shares it needs to take its stake in Mobil Oil to 70% to comply with Nigerian takeover rules.
NNPC: Indonesian Firm Interested In Building Crude Oil Refinery In Nigeria
Wednesday, June 21, 2017 PT Intim Perkasa has expressed an interest in building a refinery in Nigeria, the West African country's state oil company says.
Oil Minister: Nigeria Plans To Raise $1.2B For Refineries
Thursday, June 08, 2017 Nigeria plans to raise $1.2 billion to upgrade its oil refineries, aiming to end a reliance on oil product imports by 2019.
Equatorial Guinea Sees Fortuna FLNG Off-Taker Decision In August
Monday, June 05, 2017 Equatorial Guinea has short-listed Shell and oil traders Gunvor and Vitol for an off-take agreement at its Fortuna FLNG export terminal.
Nigerian Senate Votes to Halt Eni's Port Harcourt Refinery Deal
Tuesday, May 30, 2017 Nigeria has a refining capacity on paper of 445,000 barrels per day but imports most of its gasoline needs given the facilities' poor condition.