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Report: West African Piracy Targeting Oil-Products Tankers Nears US$1B
(Wednesday, June 19, 2013) Pirate activity in the Gulf of Guinea offshore West Africa surpassed that offshore Somalia in 2012, according to a report led by the International Maritime Bureau released this week.
Egypt Shakes Up Management of State Energy Cos. to Tackle Fuel Shortage
(Tuesday, June 18, 2013) Egypt's Oil Minister Sherif Haddara on Monday reshuffled several officials at the top of state-owned companies in the energy sector in a bid to tackle the deepening fuel crisis that is gripping the country.
Energy-Short Egypt Faces Long, Hot Summer
(Thursday, June 13, 2013) A gift of gas to Egypt from tiny Qatar shows just how tough this summer is shaping up to be for the government in Cairo, facing a funding crunch and power cuts as it struggles to contain explosive public discontent.
KBR Wins Services Contract for Sasol Synfuels Project
(Thursday, June 13, 2013) KBR has been awarded a contract by Sasol for the provision of engineering, procurement and construction management services for the gaseous oxygen compressor at the Oxygen East Plant at the Sasol Synfuels Complex in Secunda, South Africa.
Official: Delek Drilling Interested in Cyprus LNG Role
(Tuesday, June 11, 2013) Israeli company Delek Drilling is interested in participating in Cyprus' natural gas liquefaction plant (LNG), Energy Minister Giorgos Lakkotrypis has said.
Qatar Offers Egypt LNG Cargoes, But Pricing Issues Hold Back More Support
(Tuesday, June 11, 2013) With merchandise import cover slightly up in the last two months, but only just over the three-month mark, lack of liquidity and access to letters of credit reportedly are hampering Egypt's efforts to book even concessional bilateral fuel support.
CNG Conversion Facility Opens in Nigeria's Largest City
(Tuesday, June 11, 2013) A subsidiary of Dangote Group and division of Borkir Energy, Sagas, has launched the first Compressed Natural Gas (CNG) Conversion centre in Lagos.
Sudan Appears to Back Off in Feud with South Sudan
(Tuesday, June 11, 2013) Sudan's information minister has said that a shutdown of a pipeline carrying South Sudan's oil ordered by the Sudanese president, Omar Hassan al-Bashir, is "reversible."
Qatar To Give Egypt 5 Free LNG Cargoes This Summer - Egyptian Ministry
(Monday, June 10, 2013) Cash-strapped Egypt got a reprieve from worsening energy shortages Monday.
Report Finds Downstream Divestment Trend in Africa
(Friday, June 07, 2013) Despite substantial and well publicised growth in oil demand across Africa, a trend of divestment in downstream operations by oil companies has been experienced over the last three to five years.
Lack of Bank Guarantees Stalls Egypt Oil Deals - Sources
(Wednesday, June 05, 2013) Cash-strapped Egypt is struggling to complete oil supply deals agreed with Iraq and Libya, seen as vital for easing its fuel shortages, because it has been unable to provide acceptable bank guarantees, officials familiar with the matter said.
Nigerian Navy: Oil Thieves Now Convert Trawlers to Tankers
(Tuesday, June 04, 2013) The Nigerian Navy said crude oil thieves in the Niger Delta region have devised new tactics of converting fishing trawlers into oil tankers for illegal lifting of crude oil along waterways of the region with a view to evading arrest.
S. Sudan Says Japan to Construct Alternative Oil Pipeline
(Monday, June 03, 2013) South Sudan said Japanese Toyota Company has accepted to construct alternative oil pipeline, through the landlocked nation, to the Kenyan Port of Lamu.
Nigeria's Finance Minister Gives Update on Fuel Subsidy Recovery Progress
(Friday, May 31, 2013) The fuel subsidy scam unveiled in April 2012 revealed a culture of mismanagement and corruption at the core of Nigeria's government agencies and oil marketers that has prevented the government from being able to fully deregulate the downstream.
Egypt Tackles Fuel Use to Stave Off Crisis
(Friday, May 31, 2013) Egypt will cut exports of natural gas and tell major industries to slow output this summer to avoid an energy crisis and stave off political unrest, chairman of the Egyptian General Petroleum Company (EGPC) told Reuters.
Japan's Energy Needs Loom Large at Africa Meeting
(Thursday, May 30, 2013) Japan is set to announce a series of agreements with African countries to facilitate better access to their fuel and minerals amid intensifying competition with China to tap into the continent's natural resources.
US Expresses Concern Over Sudanese President's Threat To Close Pipeline
(Thursday, May 30, 2013) The United States has expressed deep concern over the Sudanese President's recent comments that he may shut down the oil pipeline if South Sudan continued its support of the rebels operating on Sudanese soil.
Tanker with Pakistani Sailors Hijacked Offshore Nigeria
(Wednesday, May 29, 2013) Pirates hijacked a fuel tanker off the coast of Nigeria's oil-rich delta, taking Pakistani and Nigerian sailors hostage in the latest attack targeting the region, private security officials.
Sudanese President Threatens to Close Oil Pipeline
(Tuesday, May 28, 2013) President Omer Al-Bashir on Monday called upon South Sudan to implement cooperation agreement and warned that supporting rebels will lead to stop oil flow for the international market.
Tanzanian Govt Vows to Continue with Gas Pipeline Despite Violent Protests
(Tuesday, May 28, 2013) Violent protests against a pipeline in Mtwara in Tanzania have been unsuccessful at preventing the government from going forward with constructing a gas pipeline as the budget proposals for 2013/2014 have been approved.