Energean, a prominent independent gas producer, has released impressive results, maintaining its trajectory towards achieving a daily production goal of 200,000 barrels of oil equivalent (boepd) despite geopolitical tensions. CEO Mathios Rigas highlighted that 2023 marked the company’s transformation into “the major independent gas producer in the Mediterranean
Markets
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At the Libyan Energy and Economy Summit in Tripoli, Türkiye underscored its commitment to strengthening cooperation with Libya, particularly in the oil and gas sectors, signaling a robust partnership in…
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Nigeria adjusts oil production targets, focusing on realistic goals and sector revitalization.
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Angola, Africa’s second-largest oil producer, has announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC), a move that could have significant implications for the global oil…
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The United Arab Emirates (UAE) is leading the way in Africa’s clean energy transition with a 10GW growth plan across six Sub-Saharan nations, announced by its renewable energy company Masdar…
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Germany’s €4 billion investment boosts Africa’s green energy sector.
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The International Energy Agency (IEA) has released its latest oil market report, forecasting a strong recovery in global oil demand in the next two years. According to the IEA, oil…
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NNPC-Aiteo JV introduces Nembe crude, offering a low-sulphur, high-quality option to European markets at the Argus Conference in London.
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Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.
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Fuel scarcity in Nigeria is set to worsen as 86 oil trading companies have reportedly surrendered their permits to import Premium Motor Spirit (PMS), commonly known as petrol. This development,…