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Lagos, South Africa and New York
Friday, May 29, 2020

Nigerian oil workers extend Exxon Mobil strike to Chevron, Agip and Shell

ONITSHA, Nigeria - Nigerian workers from an oil labour union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corp, the union's general secretary said on Tuesday. Lumumba Okugbara, of the...

Aiteo Strengthens Group with the Appointment of International Advisor

Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the Group’s growth and diversification targets in Nigeria and across Africa as a whole LONDON, United Kingdom, May 16, 2017/ -- Aiteo Group announces the appointment of...

W. Africa Crude-Traders await July loading plans, Forcados export

LONDON May 15 - The market was subdued as it awaited the July Angolan programmes and the expectation of Forcados loadings out of Nigeria. Traders said Shell had already sold a cargo of Forcados to Turkey's Tupras via a tender late last week. NIGERIA * The...

NNPC to resume oil search in Lake Chad Basin

The Nigerian government will soon restart oil prospecting in the volatile Chad Basin liberated from the terrorist sect, Boko Haram, a representative of the Group Managing Director of Nigerian National Petroleum Corporation, (NNPC), Maikanti Baru, said Monday. Saidu Mohammed, who is the NNPC’s Chief Executive...

Nigeria to mediate between union, Exxon to end strike

YENAGOA, Nigeria May 12 - A Nigerian oil labour union and Exxon Mobil Corp plan to meet with government officials in an effort to end a strike over the sacking of workers, a union and government official said on Friday. Workers at Exxon Mobil...

Oil workers go on strike at Exxon Mobil in Nigeria -unio

LAGOS May 11 - Nigerian workers at U.S. oil major Exxon Mobil Corp have gone on strike in protest over the sacking of workers, oil labour union officials said on Thursday. Nigerian labour unions have criticised oil companies for sacking workers in the last...

NNPC seeks $6 billion investment to boost capacities of local refineries to 700,000 barrels

The Nigerian National Petroleum Corporation, NNPC, says it is working to upgrade the combined capacity of its four refineries in Warri, Kaduna and Port Harcourt from the present 445,000 to 700,000 barrels per day under the planned repair programme for the plants. The repair work...

Osinbajo, ENI, Kachikwu in closed door meeting over Malabu OPL 245 scandal

Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, on Tuesday held a closed-door meeting with Acting President Yemi Osinbajo, with one of the major subjects of discussion being the Malabu OPL 245 scandal. Tuesday’s meeting comes about five days after Mr. Kachikwu told journalists that...

Libya’s Al-Bayda oil field reopens after four-year stoppage, pumping 10,000 bpd – official

BENGHAZI, Libya  - Libya's eastern Al-Bayda oil field returned to production on Tuesday after a four-year stoppage and is pumping 10,000 barrels per day (bpd), a spokesman for the Arabian Gulf Oil Company (AGOCO) said. Al-Bayda was producing 14,000 bpd before output stopped due to...

Algeria energy minister to visit Iraq, backs supply cut extension – source

ALGIERS (Reuters) - Algeria's Energy Minister Nouredine Bouterfa will travel to Baghdad on May 10-11 for talks on OPEC issues with his Iraqi counterpart, the ministry said in a statement on Tuesday, as oil producers consider extending a global supply cut. Algeria is backing efforts...