Nigerian President Umaru Yar’Adua is facing pressure to divert more government revenues towards oil-producing states in the impoverished south.
North and south Sudan have accepted Wednesday’s international arbitration court ruling altering the borders of the disputed oil-rich Abyei region.
A court is to rule on Wednesday on the boundaries of the Sudanese oil district of Abyei, a dispute that has been a flashpoint for tensions.
A truce called by a Nigerian militant group may provide a brief respite in a conflict crippling the country, but it is unlikely to end the fighting.
Nigeria’s main militant group, which is waging an ”oil war” against the government, declared a 60-day truce on Wednesday.
Nigeria’s most prominent militant group said on Wednesday it sabotaged oil pipelines operated by Shell and Agip.
Nigeria’s main militant group said on Monday it had sabotaged a Chevron oil facility and seized a chemical tanker and six crew members.
Iraq auctioned off eight giant oil and gas fields on Tuesday in its first major tender since the 2003 invasion.
Rich in oil and gas, the Niger Delta is the cornerstone of Nigeria’s economy, but the region is a nightmare for the authorities and its residents.
Nigeria’s main militant group said its fighters had attacked an oil facility belonging to Royal Dutch Shell in the Niger Delta on Monday.
Oil rose to a barrel on Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield in the Delta state.
Nigeria’s main militant group said its fighters sabotaged a Royal Dutch Shell oil pipeline in the southern Niger Delta on Thursday.
Nigeria’s main militant group has threatened to extend its attacks to offshore oil facilities after sabotaging a Chevron-operated oil pumping station.
Nigerian militants said on Wednesday they had sabotaged an oil-pumping station in the restive southern Niger Delta region.
More than 100 Iraqi lawmakers have signed a request to summon the oil minister for a parliamentary grilling, deputies said on Wednesday.
Opec’s call for compliance with recent production cuts could undermine a global economic recovery, the Centre for Global Energy Studies said on Monday
Transnet’s proposed tariff increase to cover the cost of a new oil pipeline from Durban to Gauteng will hurt motorists, BP Africa said on Wednesday.
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/ 17 February 2009
Gunmen attacked two oil facilities operated by Royal Dutch Shell in Nigeria’s restive south, a private security official said on Tuesday.
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/ 9 February 2009
Oil fluctuations and high inflation threaten revolution, writes Rory Carroll.
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/ 30 December 2008
Oil fell below a barrel on Tuesday, pressured by gloom about prospects for world economic growth.
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/ 17 December 2008
Opec ministers on Wednesday agreed to remove a record 2,2-million barrels per day (bpd) from oil markets.
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/ 16 December 2008
UK-based oil and gas explorer Tullow Oil said on Tuesday it made a ”significant” new oil discovery in Uganda.
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/ 28 November 2008
Ghana’s first major oil field should produce enough gas to generate more than 600MW of electricity, GNPC’s exploration chief said.
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/ 26 November 2008
Somali pirates demanding -million for a Saudi supertanker on Wednesday called for stepped-up and ”honest” talks to free the vessel.
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/ 25 November 2008
Alan Lipman reviews Crude Continent: The struggle for africa’s oil prize by Duncan Clarke.
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/ 25 November 2008
Russian President Dmitry Medvedev is hoping to make inroads into Brazil’s emerging oil and defence industries during a visit there this week.
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/ 25 November 2008
Nigeria’s main militant group warned on Tuesday it may end a unilateral ceasefire and launch attacks across the Niger Delta.
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/ 20 November 2008
Were triple-digit oil prices to blame for the market crisis and what are the prospects for future oil prices? Kevin Davie reports.
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/ 13 November 2008
A Durban oil refinery has been shut down after a fire broke out in the early hours of Thursday morning.
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/ 28 October 2008
Duncan Clarke’s account of the harsh realities of Africa’s oil industry is not for the faint-hearted.
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/ 27 October 2008
Oil prices sank beneath $60 a barrel in London on Monday, hitting a 17-month low point on worries that a global recession would sap energy demand.
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/ 25 October 2008
Many have called Cuba many things — a progressive beacon, a quixotic underdog, an oppressive tyranny — but no one has called it lucky, until now.