Entries by AllAfrica News: Petroleum

Nigeria: Shell Reports Sharp Fall in Nigeria Oil Spills After Shutdown

[This Day] Shell reported a sharp fall in oil spilled as a result of sabotage in Nigeria's oil-rich Delta in 2022 reflecting closure of operations for six months in the wake of attacks.

Nigeria: Nigeria’s LNG Output Still Weak Despite Europe’s Thirst for Spot Supplies – Report

[This Day] Heavy flooding, upstream gas supply issues and pipeline vandalism have left the six-train Nigeria LNG (NLNG) facility on Bonny Island producing far below capacity since last year, with the trend largely continuing in 2023, a Natural Gas Inte...

Nigeria: Oil Price Steadies After 5% Loss, Lowest in Over 15 Months

[This Day] Oil prices steadied at the weekend after dropping to near 15-month lows earlier in the session, supported by reports that top producers Saudi Arabia and Russia met to discuss ways to enhance market stability.

Nigeria: Nigeria’s Oil Rigs Count Stagnates, Despite February Crude Production Growth

[This Day] Despite adding about 48,000 barrels per day in February, Nigeria's oil rigs count stagnated at 13 during the month, THISDAY analysis of the latest data released by the Organisation of Petroleum Exporting Countries (OPEC) has revealed.

Africa: Why France EACOP Case Might Embolden, Not Discourage, Activists

[African Arguments] Though the legal claim against TotalEnergies was dismissed on technicalities, it set some bold precedents.

Nigeria: Hope Rises for Nigeria As Shell Lifts Force Majeure On 250,000bpd Bonny Export Terminal

[This Day] The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on its 250,000 barrels per day (bpd) Bonny export terminal with effect from Wednesday, 15 March, 2023.

Congo-Kinshasa: Dilemma – Generate Oil Wealth or Combat Climate Change?

[DW] The Democratic Republic of Congo wants more money for climate projects. Otherwise, oil drilling could replace fishermen in the world's largest peat bog. And that could spell devastation for the environment.