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Angola To Export 50 Million Barrels Of Oil In September

AFRICANGLOBE - The Financial Times newspaper recently filed a report which seemed to suggest that Angola could become Africa’s biggest oil producer in 2014, overtaking Nigeria, if current trends continue. That is if production in Nigeria stays at the current 2million daily production.

Nigeria’s Stolen Oil

Nigeria is the world capital of oil theft, at least according to The Economist. However, because the government does not know how many barrels...

Nigeria Targets 40bn Barrels Of Crude Reserve, 4m Barrels Daily Production

AFRICANGLOBE - Nigeria’s President Goodluck Jonathan has stated that the key objective of his administration’s reform agenda in the oil and gas industry is to expand the crude oil reserve base to about 40 billion barrels, and increase the country’s daily production to about four million barrels per day.

South Sudan Shuts Down More Than 240 Oil Wells

South Sudan oil operators closed more 242 oil wells Friday as the government announced it has unearthed further oil theft of more than 40,000 barrels per day. The wells were closed in Palaug oil fields in Upper Nile state that accounts for more than 60 percent of the crude oil output. In Paluag oil fields, there are 600 oil wells, and the 242 wells already shut down have halved the controversial daily output of 250,000 barrels per day, officials said.