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AFRICANGLOBE - Nigeria may have reclaimed its position as Africa's top oil producer which it lost to fellow African oil producer, Angola earlier in March 2016. According to the December 2016 Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), crude oil production from Nigeria rose slightly above that of Angola even before the January 2017 planned production cut agreed by OPEC and non-OPEC producers.
AFRICANGLOBE - The United States' import of crude oil from Nigeria and Algeria have declined by 93 per cent since 2010, the U.S Energy Information Administration (IEA), has said. Meanwhile, Nigeria's oil production may have recorded a major setback, as the Shell Petroleum Development Company (SPDC) shut its Trans-Niger Pipeline (TNP), which supplies products to the Bonny export terminal.
AFRICANGLOBE - Uganda is hoping to secure a $8 billion loan from China to build a railway network to revamp the country’s transport infrastructure as it prepares to start oil production.
AFRICANGLOBE - With China National Offshore Oil Corporation (CNOOC), the only holder of an oil production license for the Kingfisher Discovery Area, expectations are that 2014 will likely be the year for the Ugandan government to issue more production licenses to other firms.
AFRICANGLOBE - While crude oil production has contributed greatly to the economic growth of many African countries, the average man on the street has often not benefited from the industry. In a country like Nigeria, an unhealthy focus on oil has also led to the neglect of sectors such as agriculture.
AFRICANGLOBE - South Sudan has reduced its oil output and plans to shut it off completely after northern neighbour Sudan insisted production be shut down by Aug. 7, officials said, over allegations of support for rebels that operate across their border.
AFRICANGLOBE - South Sudan’s first oil cargo is set to reach a Sudan export handling facility this coming week, according to reports.Landlocked South Sudan closed its all-inclusive production of 350,000 barrels a day in January last year.
AFRICANGLOBE - South Sudan accused the government of neighbouring Sudan on Tuesday of recruiting and using rebel militia to destabilise the young nation in order to block Juba's plans to build a new alternative oil pipeline.Deputy defence minister Majak D'Agot (L) and information minister Barnaba Marial Benjamin (R) at news conference in Juba, 12 February 2013 (ST)
AFRICANGLOBE - As South Sudan continues negotiations with Sudan regarding the resumption of oil production and transit, the South Sudanese government says that it is developing its own industry and will start producing fuel for domestic consumption within the next eight months in order to avoid continued reliance on its neighbour.
The United States government on Monday expressed concern over delays in resumption of South Sudan's oil production, claiming the move deprives the two Sudan's...
South Sudan on Thursday issued an order instructing foreign and national companies involved in oil industry to immediately resume production and exports through the...
South Sudan hopes to resume oil production through neighbouring Sudan after taking its unilateral decision to shut down oil production in January, accusing Khartoum...
The fallout from South Sudan's oil production shutdown, now in its fifth month, is yielding some positive results as Africa's newest country approaches the...
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