The Oil Bloc
Your first choice for oil industry news


Crude oil piles in Nigeria

For Nigerian crude oil one of the largest gluts in months has grown, with traders estimating about 35-40 cargoes left for sale, with some remaining for export in January.

Petrobras waves goodbye to Africa, sells $1.5bn assets in Nigeria

Petrobras has concluded the sale of its 50 percent stake in Petrobras Oil & Gas BV (POGBV), through which it holds stakes in Nigeria’s Egina and Agbami fields.

Senegal set to launch 12 blocks in new licensing round

Senegal will launch its 2020 Licensing Round with an opening event on January 28, 2020. The country’s National Oil Company, PETROSEN, together with GeoPartners will support the launch which takes place in Dakar.

Oil prices soar as US, China signs trade deal

The signing of the initial China-U.S. trade deal on Wednesday has led to a rise in oil prices even as U.S. crude inventories fell beyond expectations.

Introducing methanol fuel will end gas flaring in Nigeria – Minister

The introduction of methanol technology will go a long way in reducing gas flaring in the country, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said.


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