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Security Firm Exec: Ransoms to Pirates Remain Spiraling Illegal Tax
(Thursday, May 16, 2013) The ransoms that pirates reap remain a serious stumbling block to ending maritime organized crime, the head of a Virginia-based private maritime security company said.
Shell Declares Force Majeure on Gas Supplies to NLNG
(Thursday, May 16, 2013) Shell Petroleum Development Company Limited has declared force majeure on gas supplies to Nigeria LNG, effective 09:00 hrs (Nigerian time) on Wednesday, May 15 2013.
Egypt's Citadel Signs Deal to Build Fuel Bunkering Terminal
(Tuesday, May 14, 2013) A unit of Egyptian private equity firm Citadel Capital has signed a 25-year concession agreement to build Egypt's first independent tank terminal.
Qatar to Supply Egypt Up to 24 LNG Cargos In Swap Deal
(Thursday, May 09, 2013) Qatar will supply Egypt with up to 24 cargos of LNG starting May 28 as the North African country struggles to meet its domestic energy needs, the first under-secretary for agreements and exploration at the Egyptian Oil Ministry said.
Nigeria Says Trans-Saharan Gas Pipeline Project Under Review
(Thursday, May 09, 2013) The Trans-Saharan Gas Pipeline project is now under review to determine its viability due to recent developments in the global natural gas industry and the collapse of gas prices, Nigerian President Goodluck Jonathan said Wednesday.
Zambia Indeni Refinery Halts Operations -Government Officials
(Wednesday, May 08, 2013) Zambia's sole oil refinery has halted operations after running out of crude feedstock, threatening to plunge Africa's top copper miner in a fuel shortage, government officials said Wednesday.
Nigeria Modular Refinery Project May Miss Take-Off Target
(Tuesday, May 07, 2013) The status of the $4.5 billion modular refinery project for which the federal government signed a MoU with a Nigerian-American joint venture capitalist remains uncertain.
Nigeria's National Oil Co.: No Plan to Set Up Pipeline Protection Agency
(Friday, May 03, 2013) The Nigerian National Petroleum Co. said Friday that it has no plan to set up an agency to protect pipelines in the country.
EDITORIAL: As Dangote Leads the Way to Private Refineries In Nigeria
(Wednesday, May 01, 2013) It was not the first time a private investor was expressing interest in starting a refinery. But a recent announcement by Africa's richest man marked the first real commitment.
Short Nigerian Program To Cause Steeper Backwardation in Brent
(Wednesday, May 01, 2013) Nigeria is expected to export one its lowest volumes of crude oil exports for four years in June, putting a strain on crude supplies in Europe.
Egypt Seeks Oil Deals to Ease Shortages
(Monday, April 29, 2013) Egypt is working to secure oil supply deals on favorable credit terms from major Arab producers in an attempt to ease fuel shortages and a government cash crunch that have proved politically damaging for the country's Islamist president.
Petromoc CEO: Studying Gas-to-Liquid Plant with PetroSA in Mozambique
(Friday, April 26, 2013) The CEO of Petroleos de Mocambique SA said the company plans to build a 40,000 barrels a day GTL plant in Mozambique with South Africa state-owned oil company PetroSA that may require an initial investment of $1 billion.
Foreign Investors Plan $100B Investment in Nigeria
(Wednesday, April 24, 2013) Foreign Investors Tuesday promised to bring massive investment worth over $100 billion to Nigeria.
BP to Invest 5Bln Rand in S Africa, Mozambique in Next 5 Years
(Tuesday, April 23, 2013) BP plans to invest approximately ZAR2.5 billion ($270 million) to upgrade the refinery it shares with Shell in South Africa's port city of Durban.
Nigerian Govt to Prune List of Foreign Fuel Suppliers
(Tuesday, April 23, 2013) The federal government, through the Petroleum Products Pricing Regulatory Agency (PPPRA) has commenced moves to whittle down the list of international oil traders who supply petroleum products to Nigeria.
Study Pours Cold Water on S. Africa Nuclear Build Plan
(Friday, April 19, 2013) An "outdated" energy policy could be costly for South Africa, a new report warns.
The Proposed Dangote Refinery and Nigeria's Economy
(Friday, April 19, 2013) The decision of Africa's richest man to invest about $8 billion in building a crude oil refinery in the country with a capacity to produce around 400,000 barrels a day by late 2016, is receiving boosts from stakeholders in Nigeria's economy.
Fluor Wins South Africa Clean Fuels Contract from Shell-BP JV
(Thursday, April 18, 2013) Fluor has won a FEED contract by South African Petroleum Refineries (SAPREF) for its Clean Fuels II Project in Durban, South Africa. SAPREF is a joint venture between Shell SA Refining and BP Southern Africa.
Noble Keen on Cyprus LNG Plant
(Tuesday, April 16, 2013) Noble Energy wants Cyprus' government to expedite plans at Vassiliko. The company's CEO, Chuck Davidson will visit Israel.
Uganda Reaches Deal on Refinery, Pipeline
(Monday, April 15, 2013) The Ugandan government and three international oil companies reportedly have agreed to build an export pipeline and refinery in the East African country, ending a deadlock that has delayed the development of large oil discoveries.