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Chinese Oil Worker Shot Dead by Tribesmen in Sudan

All work has been halted in the oil field where a shooting incident was reported this week an armed group belonging to Misseriya tribe opened fire on workers in a Chinese oil field in South Kordofan's Balila area on Wednesday.

Firm to Invest U.S.$215 Million in Oil Block in Nigeria

Houston-based energy group, Blacksands Pacific Group has said it would invest $215 million in the first phase of development of the Oil Prospecting Lease (OPL) 2012, located offshore Niger Delta.

International Oil Companies, Contractors Responsible for Nigeria's Capital Flight

Nigeria's Minister of Petroleum Resources, has expressed concern that after many decades of oil exploration and production in Nigeria, contractors and multinational oil companies, that had done business worth billions of dollars in Nigeria, had not left appreciable footprint in the petroleum industry.

South Sudan Pushing for $0.41 Per Barrel in Oil Transit Fees

With the independence of South Sudan last month as part of the 2005 peace deal that ended more than two decades of civil war, the North has lost 75 percent of the country's oil production of 500,000 barrels a day.

Oil Exploration Begins Off Liberia's Coast

Liberia's President Ellen Johnson Sirleaf visited facilities of the Anadarko Petroleum Corporation on Friday, August 12, marking the official launch of oil exploration off the coast of Liberia. The visit included a tour of the Anadarko oil rig, the Discovery Spirit.

South Sudan Threatens to Cut Oil Supply Through Northern Pipeline

South Sudan accused Khartoum of trying to charge too much for use of the northern pipeline and said it might shut it down, signalling a further rise in tension as both sides argue over dividing oil revenues. The south took 75 percent of the country’s oil production of 500 000 barrels of oil when it became independent on July 9.

BP Joins Oil Rush in the Namibia

OIL giant BP has entered the oil rush in Namibia by clinching 25 per cent of the equity in Chariot Oil & Gas' exploration license in the orange Basin.

Shell Still Reluctant to Accept Full Responsibility Over Oil Pollution in...

Shell Petroleum Development Company of Nigeria has absolved itself of any wrongdoing in respect of the widely reported 2008 oil spills in Ogoni communities in the Niger-Delta.

Refined Oil Shortage Continues for Africa's Largest Producer

"We are suffering in the midst of plenty." That was how Nelson Ilemchi summed up his plight as he spent an entire day queuing to buy kerosene. Since January Nigeria Africa's largest producer of crude oil has been experiencing a protracted nationwide scarcity of the refined product.

Arab North Reportedly Blocks South's Oil Shipment

A shipment of oil produced in South Sudan has been prevented from leaving Port Sudan for dispute over fees, an official in Juba said today.

Shell Faces Massive Penalty for Nigerian Oil Spills

Royal Dutch Shell faces having to pay compensation of potentially more than N62.5 billion ( $410 million) after it admitted liability for the two spills in Ogoniland, Nigeria following a legal claim brought in the United Kingdom.

Kuwaiti Firm Eyes Sudan Oil Exploration

A company based in the Arab Gulf state of Kuwait has expressed interest in conducting oil-wells drilling and exploration activities in north Sudan, state media reported on Tuesday

North and South Sudan to Finalise Oil Talks By End September

South Sudan said Saturday it has agreed with the north to finalise talks on the key issues of oil, currency and borders by the...

The Economic Implications of Namibia's Oil Find

On July 6th the Namibian mines and energy minister, Isak Katali, announced the discovery of vast oil reserves off the Southern Namibian coast. This discovery has created huge expectations in Namibia, and many hope that the revenue collected from oil production would relieve poverty and jump start development in the country.

Arab North Attempting to Extort Southern Oil Exports

Less than three weeks after gaining independence, South Sudan is embroiled in a row with nort Sudan over pipeline fees charged by the latter to export oil.

President of South Sudan Salva Kiir Talks Tough On Oil, Abyei

The President of the Republic of South Sudan (RSS) Salva Kiir on Wednesday threatened to stop using the pipelines running through Sudan if the latter insists on sharing oil revenue as opposed to receiving transit fees.