Oil & Gas

KEY POINTS The most important deepwater oil and gas deal in over ten years was signed by Nigeria with France’s TotalEnergies and local partner South Atlantic Petroleum, Sapetro, in a …

KEY POINTS The first time an international oil company has obtained acreage through a competitive bid round in Africa’s largest crude producer in over a decade, French energy giant TotalEnergies …

KEY POINTS Nigeria’s oil and gas sector delivered a rare bright spot in July as gas flaring dropped to its lowest level in years, even while overall production surged, underscoring …

KEY POINTS Nigeria’s $20 billion Dangote Petroleum Refinery is expanding its crude basket to include Ghana for the first time, a move that signals a more pragmatic approach to sourcing …

KEY POINTS TotalEnergies SE has been awarded rights to explore a new offshore block in the Republic of Congo, expanding its footprint in the central African nation where it already …

KEY POINTS Oil prices rose on Monday, lifted by a weaker U.S. dollar and mounting supply concerns tied to intensifying Russian and Ukrainian airstrikes on energy infrastructure. Brent crude climbed …

KEY POINTS Oil prices slid on Friday, pressured by expectations of slowing consumption in the United States and a looming surge in supply from OPEC and its allies. Brent crude …

KEY POINTS Egypt has signed four oil and gas exploration agreements worth more than $340 million, a move the government hopes will slow declining production and reassert the country’s role …

KEY POINTS As it strives to meet ambitious output targets and draw in foreign investment, Nigeria’s oil production has surged to its highest level in six months, a development that …

KEY POINTS The Tanzanian government and Japan’s JGC Holdings Corp. have inked a memorandum of understanding to exchange technical know-how and aid in the development of Tanzania’s enormous offshore natural …