Libya to Resume Full Oil Production Soon
The oilfields in Libya, which are currently closed due to force majeure, could reopen in days. This was made known by Libya's oil minister, Mohammed Oun, following calls from Libyan...
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EU Companies Can Pay for Russian Gas in Rubles Without Violating Sanctions
Companies in the EU may have discovered a way to pay for Russian gas in rubles without violating sanctions, according to the European Commission on Friday. The companies would have...
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Brent Falls Below $100 For the First Time Since Mid-March 2022
On Monday, oil prices fell more than 4%, with Brent sliding below $100 a barrel as China's COVID-related lockdowns weighed on-demand expectations while a coordinated large release of oil reserves...
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Nigeria’s Fuel Subsidy to Cost 10 Times More Than Budgeted
In a recent letter to MPs, Nigeria's President Muhammadu Buhari stated that the rising cost of crude oil will boost the cost of the country's fuel subsidy by roughly ten...
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OPEC Does Not Have Spare Capacity to Produce More Oil – Timipre Sylva
Nigeria's Petroleum Minister, H.E. Timipre Sylva, told Turkish news agency, Anadolu Agency in an interview on Friday that OPEC does not have the additional spare capacity to raise crude oil...
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Angola’s ANPG Receives Several Proposals from Major Oil Companies in Latest Bid Round
Angola's National Agency of Petroleum, Gas, and Biofuels (ANPG) hosted an invitation-only ceremony in Luanda on Tuesday, April 5, 2022, to open the proposals received for the latest bid round...
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Oil Production in Russia Has Already Begun to Decline
According to Reuters, Russia's crude oil and condensate production declined marginally in March compared to February, citing sources familiar with the data. Russia reportedly produced 11.01 million barrels per day...
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Op-Ed: It’s Time for Europe and Africa Agree on a Green Gas Deal
It would be fair to say that when it comes to Africa’s energy industry, Africa and Europe have been at odds for the last several years. Europe, which has valid...
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OPEC+ to Ease Production by 432,000 Bpd in May
At the 27th meeting of OPEC and non-OPEC Ministers, it was discussed how continued oil market fundamentals and consensus on the outlook pointed to a well-balanced market and how present...
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Eni, FAO and NNPC Commission Solar-Powered Water Projects in North-Eastern Nigeria
The Italian multinational energy firm Eni, the Food and Agriculture Organization of the United Nations (FAO), and the Nigerian National Petroleum Corporation (NNPC) have commissioned 11 solar-powered water schemes in...
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