In the News

KEY POINTS The Chairman of Libya’s National Oil Corporation, NOC, Masoud Suleiman, has opened talks with a senior delegation from the American oilfield services company Halliburton to explore potential areas …

KEY POINTS Nigeria’s upstream oil regulator, NUPRC, expects new field developments to add a significant lift to the nation’s production capacity as the government intensifies efforts to revive investment in …

KEY POINTS Egypt’s Petroleum and Mineral Resources Minister, Karim Badawy, has unveiled an ambitious five-year exploration plan that will see the country drill 480 new oil and gas wells at …

KEY POINTS Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, used his participation at two major energy gatherings in London this week to champion Egypt’s expanding oil and gas …

KEY POINTS Oil prices extended their decline on Wednesday, clinging to five-month lows amid mounting anxiety over a renewed US-China trade spat and forecasts of an impending supply glut that …

KEY POINTS Nigeria’s Federal Government has sealed a landmark agreement with power generation companies, GenCos, and gas suppliers to clear outstanding debts worth about ₦4 trillion, marking one of the …

KEY POINTS Shell Plc has approved a $2 billion offshore gas development in Nigeria, deepening its investment footprint in the West African nation’s energy sector as it pivots further toward …

KEY POINTS Algeria has signed a sweeping $5.4 billion oil and gas production-sharing agreement with Saudi Arabia’s Midad Energy, marking one of the North African nation’s largest energy pacts in …

KEY POINTS South Africa’s state-owned power utility, Eskom, is planning to cut electricity tariffs after returning to profitability for the first time in eight years, a turnaround that its chairman, …

KEY POINTS Global oil markets are under renewed pressure as Brent crude prices dropped more than 6% in October, slipping toward $62 a barrel and struggling to hold above the …