Oil & Gas

Six African nations recently rallied in Senegal, uniting against climate change. They focused on slashing greenhouse gas emissions in their emerging oil and gas sectors. The Commonwealth Secretariat led the …

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) escalated its regulatory enforcement last Friday, shutting down four filling stations in Cross River State due to non-compliance and operational malpractices. …

Nigeria’s Upstream Petroleum Regulatory Commission (NUPRC) recently celebrated the selection of 42 domestic oil and gas firms in a landmark step towards environmental responsibility and sustainability. These companies, winners in …

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 …

Oil prices edged higher this week as the conflict between Israel and Hamas raised concerns about the stability of the Middle East, a major oil-producing region. However, the gains were …

Perenco, an independent oil and gas company, has announced the start of production from its Hylia South West discovery in the shallow waters offshore Gabon. The company said the new …

Nigeria, Africa’s largest oil exporter, has achieved its highest crude oil production level this year, reaching 1.35 million barrels per day in September 2023. This is a 14 percent increase …

Escalating drilling costs, reaching up to $30 million, hinder Nigeria’s drive to expand its gas production and tap into its natural energy for development. Fiscal barriers and disincentives stand as …

Israel has resumed its natural gas exports to Egypt after a brief interruption caused by the escalating violence in the Gaza Strip. The gas, which comes from the offshore Tamar …