Entries by AllAfrica News: Petroleum

Nigeria: African Airlines Suffer N1.6trn Loss Over Fuel Costs, Taxes – IATA /in /by

[Daily Trust] African carriers suffered cumulative losses of about $3.5 billion (about N1.625 trillion) over the past three years, a deficit that's set to persist as restrictive fuel costs and taxes weigh on carriers.

Angola: Angolan Government Prepares Bases to Mitigate Oil Decline /in /by

[ANGOP] Seoul -- The Angolan government is currently outlining strategies to mitigate the natural decline of oil production, which has been falling by around 10 to 15 percent per year, due to the time and maintenance of existing wells, the secretary of...

Nigeria: Oil Market – Nigeria, Russia Account for 440,000 Bpd Drop in Output – Report /in /by

[Vanguard] The Organisation of Petroleum Exporting Countries, OPEC, and its allies popularly known as OPEC+, recorded a drop of 440,000 barrels per day, bpd oil output in March 2023, due to developments in Nigeria and Russia.

Nigeria: Reps Probe Missing 48 Million Barrels of Crude Oil, Summons Malami, Ahmed, Others /in /by

[Premium Times] The House had in December 2022 resolved to probe the alleged missing barrels of crude oil allegedly sold in China by some Nigerian officials.

Nigeria: Navy Arrests 27 Vessels, Deactivates 294 Illegal Refinery Sites Within 12 Months – Official /in /by

[Premium Times] Crude oil theft has become one of the prevalent crimes around Nigeria's coastal areas.

Angola: Sonangol Receives New Oil Tanker /in /by

[ANGOP] Mokpo -- Angola State-owned oil company Sonangol received Monday in Mokpo City, South Korea, a new oil tanker baptised "Sonangol Kulumbimbi" built by Hyundai Samho Heavy Industries and which cost 68 million.

Nigeria: Nigerians Accuse Shell of Causing Delay in Oil Spill Lawsuits in London /in /by

[This Day] Abuja -- Shell Plc is attempting to shield itself from scrutiny over pollution in Nigeria's oil-producing Niger Delta, lawyers representing more than 13,000 Nigerians have argued at a London's High Court, allegations which the company strong...

Angola: Angola Plans to Open Oil-By Products Market /in /by

[ANGOP] Luanda -- Sonangol has announced plans for the opening of opportunities to expand exports of the oil by-products in the Southern African market, after the completion of refineries under construction in the country.

Nigeria: With 89 Expected Assets, Nigeria to Top Africa’s Upcoming Oil, Gas Projects By 2027 /in /by

[This Day] With 89 assets under construction, spanning the upstream, midstream and downstream of the oil and gas sector in Africa, Nigeria will between 2023 and 2027 top the continent's upcoming projects in the sector.

Nigeria: Nigeria’s Oil Production Drops 2 Percent to 1.517million Bpd /in /by

[Vanguard] Nigeria's oil production dropped month-on-month, MoM, by 2 per cent to 1.517 million barrels per day, bpd in March 2023, from 1.547 million bpd recorded in the preceding month of February 2023.