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Algeria to Abandon MEG and Utilise Direct Natural Gas Pipeline to Spain

Algeria will no longer transport natural gas to Spain via the Maghreb-Europe Gas Pipeline (MEG), which runs overground through Morocco. Instead, all supplies will be diverted to the Medgaz pipeline,...
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VAALCO Announces Binding Letter of Intent for FSO at Etame Marin Field Offshore Gabon

VAALCO Gabon has signed a binding letter of intent (‘LOI') with World Carrier Offshore Services Corp to provide and operate a Floating Storage and Offloading (‘FSO') unit at VAALCO's Etame...
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PGS Progresses in Data Coverage from Côte d’Ivoire to Nigeria with New Data

The most recent PGS MegaSurvey data exposes Tano Basin prospectivity from the shelf to deep water, adding to its ongoing data coverage from Côte d'Ivoire to Nigeria. This PGS data...
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Nigerian Oil Company Eterna to Sell 61% of its Stock to a New Investor

Following a deal with seven significant shareholders in the oil market to acquire their combined positions, a new majority shareholder is on track to buy out more than three-fifths of...
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More Modular Refineries to Commence Operations in Nigeria Soon – Minister

The Minister of State for Petroleum Resources, Timipre Sylva, said the modular refineries programme to improve domestic crude oil output in the country is on track in an interview with...
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Congo: OPEC SG Visits APPO Headquarters; Dr Rilwanu’s Research Centre

During his official 3-day visit to the Republic of Congo, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), alongside the Minister of Hydrocarbons of the Republic of Congo,...
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OPEC Secretary-General Visits Congo’s National Oil Company (SNPC)

During his three-day official visit to the Republic of Congo, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, alongside the Minister of Hydrocarbons of the...
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Libya Needs to Increase its Oil Production by 40% to Sustain the Sector – Central Bank

Al-Siddiq Al-Kabir, the Governor of the Central Bank of Libya (CBL), has indicated that the country's oil production must increase by at least 40% by 2022 to support sustainable development....
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Lukoil Pledges to Expand its Operations in Nigeria

Nigeria has reached an oil deal with Lukoil Corporation Nigeria Limited, a subsidiary of Russia's largest oil company and operator of the OML 140 Oil Block, to extend operations in...
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Angola’s Oil Exports Hit $6.73bn Gross Revenue in Q2 2021

According to data from the Angola Press Agency (ANGOP), gross income from oil exports totalled $6.73 billion in the second quarter of this year, with 97.998 million barrels of crude...
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