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Tag Archives: oil

Nigeria, Morocco mull gas pipeline mega-project

Lagos, Nigeria | AFP | Nigeria and Morocco are in talks over a huge project to extend a West African gas pipeline to stretch up towards Europe, officials say. Nigerian Foreign Minister Geoffrey Onyeama said in a government video posted on Twitter on Friday that the pipeline would “go along …

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Oil resumes price rise after OPEC cut

Singapore, Singapore | AFP | Oil prices resumed their rise Thursday and held above the $50 barrier following OPEC’s decision to carry out its first output cut in eight years. The Organization of the Petroleum Exporting Countries at a meeting in Vienna on Wednesday agreed on specific targets to enact …

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Nigerian militants blow up oil pipeline

Warri, Nigeria | AFP |  Nigerian militants on Sunday blew up a state-run pipeline in the restive oil producing south, in the latest act of sabotage aimed against the strategic sector, a local official said. “The pipeline popularly known as the Abura line was bombed at about 7:30 am on …

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VIDEO: Oil money not for consumption, says Museveni

VIDEO:President Yoweri Museveni has moved to end anxiety over the exploitation of the country’s oil and gas resource. Museveni told experts and investors earlier today that revenue from Uganda’s oil will only be used for capital expenditure. He called for more emphasis to be put on the development of other …

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VIDEO: Bunyoro land and the oil curse

VIDEO: Lands Minister Betty Amongi has warned that the increasing land wrangles in the oil rich Hoima district might scare away potential investors in the Albertine region. Her warning follows the increasing cases of land disputes where powerful individuals are allegedly illegally evicting locals without any compensation. The minister is pointing …

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Obama declares parts of Arctic off-limits for oil drilling

Washington, United States | AFP |  US President Barack Obama on Friday declared portions of the Arctic off-limits for oil exploration for the next five years, dealing a blow to Republican efforts to expand fossil fuel extraction. The decision means new oil and gas exploration leasing in the Chukchi Sea …

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Mozambique oil tank truck blast toll soars to 73

Maputo, Mozambique | AFP |  At least 73 people were killed and 110 others injured Thursday when a truck carrying petrol blew up in western Mozambique near Malawi, the government said in a statement. “The incident occurred when citizens tried to take petrol from a truck” in the village of …

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Iran back, signs major gas deal with France’s Total

Tehran, Iran | AFP | Iran signed a deal with France’s Total on Tuesday to develop a major offshore gas field, its first big contract with a Western energy firm since sanctions were loosened in January. Total will lead a consortium also including China National Petroleum Corporation (CNPC) and Iran’s …

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Algeria awards China contract to revamp refinery

Algiers, Algeria | AFP |  Algeria’s state energy company Sonatrach on Sunday awarded the China Petroleum Engineering and Construction Corporation (CPECC) a 380-million-euro ($420-million) contract to renovate its Algiers refinery. CPECC, which is affiliated to the China National Petroleum Corporation, will rehabilitate the refinery after Sonatrach severed an initial deal …

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