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Africa Oil & Gas News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about Africa Oil & Gas.
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Latest Africa Oil & Gas News

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  • OPEC unlikely to alter crude oil output levels 6 Dec 2009 07:54 GMT
    ... Associated Press CAIRO — Saudi Arabia’s oil minister said Saturday that current global oil prices ... later this month. The Organization of the Petroleum Exporting Countries, which supplies roughly 35 percent ... supplies roughly 35 percent of the world’s crude, has held its quotas unchanged since last ...

  • Saudi Arabia hails perfect oil price 6 Dec 2009 06:18 GMT
    ... Saudi Arabia says oil prices are 'perfect' and the global market is ... ministerial meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC). Kuwaiti Oil Minister Sheikh ... October, prices jumped above $US80 before easing. Crude prices tumbled on Friday in volatile trade, ...

  • Arab OPEC members agree to maintain production 6 Dec 2009 03:52 GMT
    ... CAIRO: OPEC heavyweights led by kingpin Saudi Arabia on ... support for maintaining production quotas, saying the oil price is satisfactory and the market is stable. ... above 80 dollars a barrel before easing. Crude prices tumbled Friday in volatile trade, succumbing to ...

  • Oil And Gas Driven Industrialization 6 Dec 2009 05:10 GMT
    ... Policy Statement the plan to develop an Oil and Gas Industrialization Plan as a sustainable model of ... capacity from natural gas powered turbines to fuel energy intensive industries and also by committing ...

  • Int'l oil investment shrinks 20% amid financial crisis: OAPEC 6 Dec 2009 03:10 GMT
    ... Oil ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) said Saturday that international ... especially in the area of research and exploration," said Egyptian Minister of Petroleum Sameh Fahmi. ...

  • OPEC should stay cautious, nurture economy 6 Dec 2009 01:36 GMT
    ... it meets this month to decide its oil output policy as it needs to balance ... and there were 165 million barrels of crude and products floating at sea -- equal ... about the impact efforts to curb fossil fuel use could have on their economies. Kyoto ...

  • LUANDA 22 Dec 2009 Angola hosts 155th OPEC meeting 6 Dec 2009 05:18 GMT
    ... LUANDA 22 Dec 2009 Angola hosts 155th OPEC meeting A decline in the dollar is ... to offset weakness in the price of oil. Kuwait's oil minister, Sheikh Ahmad al-Sabah, told Bloomberg ... Bloomberg in October that the Organization of Petroleum Exporting Countries is likely to maintain oil ...

  • Shell faces damages claim over oil spill in Nigeria 6 Dec 2009 06:51 GMT
    ... news ticker. Shell faces damages claim over oil spill in Nigeria THE HAGUE: Oil giant Anglo-Dutch ... caused widespread environmental and social damage. "The crude oil which poured for days from the ... a case concerning its subsidiary, the Shell Petroleum Development Company of Nigeria. "There's no reason ...

  • No objections within OPEC to output rollover: Libya 6 Dec 2009 03:52 GMT
    ... CAIRO: Libyan Oil Minister Shukri Ghanem said here on Saturday that ... Saturday that there are no objections among OPEC members to a production rollover at the ... a meeting of the Organisation of Arab Petroleum Exporting Countries in the Egyptian capital have ...

  • Sinopec, Exxon sign deal for Papua New Guinea gas 6 Dec 2009 04:35 GMT
    ... contract with Exxon Mobil Corp. to buy gas from Papua New Guinea, in the latest ... a flurry of foreign deals to secure fuel for China's booming economy. The liquefied natural ... as China Petroleum&Chemical Corp., is China's second-biggest oil and gas company and Asia's biggest oil ...

  • Pregnancy complications 'kill 144' Nigerian women a day 6 Dec 2009 04:38 GMT
    ... pregnancy-related problems. The films take a provocative look at the deadly crisis in sub-Saharan Africa's second largest economy and the world's eight largest oil exporter, where some 70 percent of the 150 million people live on less than a ...

  • Yar'Adua's Magic Wand in the Niger Delta (i) [opinion] 6 Dec 2009 04:32 GMT
    ... The cessation of armed agitation in the Niger Delta as a result of President Umaru ... of granting ten percent equity in the oil business in Nigeria to the Niger Delta. In ... has held. Niger Delta grievances predate the discovery of oil in the area in 1956. ...

  • Oapec members agree to maintain quotas 6 Dec 2009 06:59 GMT
    ... support for maintaining production quotas, saying the oil price is satisfactory and the market is stable. ... the market is stable. Ministers of Arab Petroleum Exporting Countries (Oapec) attending a meeting in ... jumped above $80 a barrel before easing. Crude prices tumbled on Friday in volatile trade, ...

  • TOR's distillation plant is operational - Managing Director 6 Dec 2009 06:30 GMT
    ... Accra, Dec. 6, GNA - The Tema Oil Refinery (TOR) has enough crude stock to process in the next two ... freshly been supplied by the Ghana National Petroleum Corporation. "We'll start processing this hopefully on ...

  • TOR's distillation plant is operational - MD 6 Dec 2009 08:30 GMT
    ... Accra, Dec. 6, GNA - The Tema Oil Refinery (TOR) has enough crude stock to process in the next two ... freshly been supplied by the Ghana National Petroleum Corporation. "We'll start processing this hopefully on ...

  • Attention greedy Senators! Enough is enough! Do what is honourable or lose your jobs! 6 Dec 2009 00:31 GMT
    ... to be (often illegally) for: lumber, for bio-fuels, and for Cattle ranching. Today, the perceived ... Today, the perceived future profits for Palm Oil and for Bio-Fuels are prime motivators for ... images)there is proof that several hundred million gas burning vehicles (including ship and airplanes) presently ...

  • Sudan despot embraces 'climate justice' in Copenhagen 6 Dec 2009 07:36 GMT
    ... in the Sudan. The state-owned China National Petroleum Corp. owns 40 percent, the largest share, ... tanker terminal. About 70 percent of Sudan's oil exports go to China, and account for ... it by cutting back their green house gas emissions dramatically, while the developing countries remain free ...

  • New Zealand - A very important speech by farm boss Don nicolson 6 Dec 2009 00:31 GMT
    ... and those we ultimately sell to. Connectivity fuels greater expectations. Environmentally, we are seeing a ... its infancy, yet the skills developed for oil and gas exploration are being applied. New Zealand has ...

  • The high cost of bringing the biggest boats to port 6 Dec 2009 01:28 GMT
    ... tanks of the super-cooled chemical. The liquefied gas could form a huge cloud capable of ... of three vessels spilled 330,000 gallons of oil and 32,000 gallons of jet fuel into Tampa Bay, fouling Pinellas beaches. A ...

  • The Hostage Business 6 Dec 2009 03:15 GMT
    ... and possesses vast amounts of light, sweet crude . John, who specialized in offshore engineering ... back in Aberdeen, the heart of Europe's petroleum industry (thanks to North Sea oil). Nigeria's proven reserves are the 10th largest ...

  • High crimes on the high seas 6 Dec 2009 00:16 GMT
    ... within hours. was transporting 275,000 tonnes of crude valued at US$20mil (RM67.6mil) from Saudi Arabia ... the third tanker and the second carrying oil to be taken by pirates in what ... longer applies. But for now, tankers carrying fuel are a chief concern because with their ...

  • William A. Wilson dies at 95; first U.S. ambassador to the Vatican 6 Dec 2009 05:55 GMT
    ... made his name as a manufacturer of oil-drilling equipment, a cattle rancher, a real estate ... Kadafi, the mercurial leader of the north African nation. Secretary of State George P. Shultz ...

  • Sunday Forum: Long road to Copenhagen 6 Dec 2009 05:31 GMT
    ... Scientists have been studying global warming for 150 ... cut atmospheric emissions of an invisible, odorless gas: carbon dioxide. Despite efforts by some leading ... then. In fact, CO2 emissions from fossil fuels were almost 40 percent higher in 2008 ...

  • Copenhagen: How climate change will shape these lives 6 Dec 2009 05:36 GMT
    ... ironically, be caused by the demand for biofuels, which have been hailed as ideal replacements ... poverty by triggering steep rises in food prices. On top of these problems, the Intergovernmental ... things could change. Offshore, Timor-Leste possesses significant oil reserves and revenues from these could help ...

  • Memo to Wall Street: Philanthropy, not bonuses 6 Dec 2009 08:23 GMT
    ... Seeking to monopolize the kerosene market during the Civil War, Rockefeller gobbled up independent oil refineries like a hungry hippopotamus. When gas-guzzling automobiles came along a few decades later, he was positioned to turn Standard Oil ...


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