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France battles oil slick from sunken Grande America

France moves to contain sunken Grande America oil slick 

French authorities on Thursday battled to contain an oil slick after the Grimaldi ship, Grande America, which caught fire and sank off the coast of France on Tuesday. ...

Oil prices dip as U.S stockpiles increase

Uganda awaits pipeline, refinery construction to begin oil production

Uganda’s Energy Minister, Irene Mulonion, on Wednesday, said until the landlocked country builds a crude export pipeline and refinery, production of oil will be...

UN: Nigeria lost $2.8bn to oil-related crimes in 2018 

UN: Nigeria lost $2.8bn to oil-related crimes in 2018 

The United Nations says Nigeria lost an estimated $2.8 billion in revenue in 2018, mainly due to oil-related crimes. This is according to a new report by the...

Hong Kong: Oil tanker fire kills one, 23 crew members rescued

Hong Kong: Oil tanker fire kills one, 23 crew members rescued

One person was killed, while 23 were rescued when an oil and chemical tanker caught fire off Hong Kong’s Lamma Island on Tuesday, the police said. The 17,000-tonne...

Ecuador to probe ex-president over $4.9bn oil projects

Ecuador to probe ex-president over $4.9bn oil projects

Ecuador’s President, Lenin Moreno, citing massive cost overruns, operational failings and non-transparent bidding in $4.9 billion of oil-related infrastructure...

Batumi oil shipments dip 49% in 11 months

Batumi port’s oil shipments dip 51% in 2018

The 51.2 percent drop in oil and its related shipments from Georgia’s Black Sea port of Batumi in 2018 from a year earlier has been partly attributed to...

Batumi oil shipments dip 49% in 11 months

Batumi oil shipments dip 49% in 11 months

Georgia’s Black Sea port of Batumi oil and related oil shipments fell 48.6 percent in the first eleven months of 2018 from a year earlier, an official said on Tuesday....

Equatorial Guinea's oil, gas sector gets $2.4bn investments

Equatorial Guinea’s oil, gas sector gets $2.4bn investments

Equatorial Guinea’s energy industry has secured $2.4 billion of new investment from U.S. firms with 11 wells expected to be drilled from next year. An oil ministry...

OPEC president says oil market is correcting

Invictus says not discovered oil, gas deposits in Zimbabwe

Australia’s Invictus Energy on Friday said it had not found oil and gas deposits in northern Zimbabwe but there were indications of a “working petroleum...

Angola overtakes Nigeria as Africa's largest oil producer

Angola targets 1.57 mbd oil production in 2019

  Angola’s oil production, Africa’s second largest, is set to rise to 1.57 million barrels per day (mbd) in 2019, from 1.52 mbd this year, as new blocks come on...

NSCDC to boost inter-service collaboration against oil theft

NSCDC arrests 11 over oil bunkering in Abia

The Nigerian Security and Civil Defence Corps (NSCDC) Abia State Command has arrested 11 persons for allegedly engaging in illegal oil bunkering. The State Commandant,...

U.S. crude oil shipments to China halts amid trade war

Oil jumps ahead of U.S. sanctions on Iran

Crude oil prices on Wednesday jumped more than 1 percent as markets braced for the imposition of U.S. sanctions on Iran next week and as stock markets clawed back some...