Markets

Oil prices surged on Thursday, reaching their highest levels since 2014, as the US imposed sanctions on two shipping companies for violating a price cap on Russian crude exports. The …

The Shell Petroleum Development Company (SPDC) confirmed an October 3 oil spill at its Peremabiri flow station in Bayelsa State. This leakage has extensively damaged numerous farmlands and the marine …

Uganda has suspended all operations at the Kingfisher oilfield, a major project run by the Chinese state-owned CNOOC, following a fatal accident on October 6. The Petroleum Authority of Uganda …

Africa’s Battery Energy Storage Systems (BESS) market, despite its vast potential, remains largely untapped, necessitating a more strategic approach. While global projections indicate substantial growth in the Battery Energy Storage …

Germany and Namibia recently negotiated on green hydrogen production. Their goal? To help both Germany and Europe meet their climate targets and to set Namibia on a decarbonization path. These …

The OPEC+ group of oil-producing countries has decided to maintain its current output reduction strategy until the end of the year despite the global market rout that has sent oil …

Despite the volatile geopolitical and socio-economic landscape, Conoil Plc has made a commitment to prioritize strategies that ensure sustained dividend payment for its shareholders. Dr. Mike Adenuga, Chairman of Conoil …

According to a Reuters survey, Nigeria and Iran boosted their oil production in September, leading to a second consecutive monthly increase in OPEC’s output. The rise comes despite the ongoing …

Petronas, the Malaysian state-owned oil and gas company, has acquired a 40% stake in Block 20 in Angola’s Kwanza Basin from TotalEnergies, the French energy giant. The deal, which was …

In the era of dynamic leadership under President Colonel Mamadi Doumbouya, Guinea-Conakry is on an ambitious journey to develop its oil and gas sector. Spearheaded by the National Oil Company …