AfrOil - Africa Oil & Gas

Ugandan central bank official sees low oil prices delaying production

A representative of Uganda’s central bank said last week that the country’s nascent oil industry was likely to suffer as a result of the collapse in global crude prices.

Total puts work at Preowei field offshore Nigeria on hold

Total has put plans for the development of Preowei, an oilfield located offshore Nigeria, on hold, citing unfavourable investment conditions.

Liberia extends bidding in offshore licensing round

The government of Liberia has extended the deadline for submitting bids in the country’s first offshore licensing round by four months.

UPDATED-Oil market’s woes ensnare Nigeria

The world oil market’s woes have ensnared Nigeria, which was already suffering from demand destruction and inadequate storage.

UPDATED: Oil prices fall to less than zero for the first time in history

Oil prices fell to less than zero for the first time in history as producers ran out of places to store crude on April 20.

Sudan to allow private firms to import fuel

Nigeria announces end to fuel subsidies

Oil plunges again after IEA paints bleak picture