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What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?

By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More

LIBYA: NOC Reports Lowest Crude Oil & Gas Sales Revenue in 2020

The National Oil Corporation (NOC) reported crude oil, *gas (propane and butane)* and condensates export revenues of US$45.5 million for June, the lowest recorded this year down from US$87.7 million … Read More

LIBYA: NOC Declares Force Majeure on Sharara Oilfield Crude Exports after Armed Attack

Libya’s National Oil Corporation (NOC)’s  has condemned the crime committed by an armed group on the evening of Monday, June 8, 2020 which stormed the Sharara oilfield and pulled their … Read More

PETROLEUM REPORT PROVIDES DETAILED FINANCIAL INFORMATION AND STATISTICS FROM THE SOUTH SUDAN OIL SECTOR

The seventh Petroleum Report issued by the Ministry of Petroleum, Republic of South Sudan, provides an overview of world oil markets and fundamentals, price forecasts, oilfield reserves, and the ministry’s … Read More

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