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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…
Featured posts
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…
San Leon Energy, a London-listed oil and gas company, has announced a deal to secure $187 million in financing from a North American fund, Tri Ri Asset Management. The deal…
Lebanon has launched its first offshore gas exploration in the Mediterranean Sea, hoping to find a new source of energy and revenue amid its worst economic crisis in decades. The…
Amid circulating reports about persisting petrol subsidies, the Nigerian National Petroleum Company Limited (NNPC) firmly quashed these speculations. Specifically, Mele Kyari, NNPC’s Group Chief Executive Officer, clarified there is no…
Nigeria, Africa’s largest oil exporter, is facing a severe fuel shortage as the national oil company struggles to meet the demand of its 200 million citizens. The country relies heavily…
The escalating violence between Israel and Hamas has triggered a surge in oil prices, as fears of a wider regional conflict and potential disruptions to oil supply loom large. Brent…
Structural engineer and energy specialist Olatunji Ariyomo, emphasised the pressing need for Nigeria’s Federal Government to champion the development of local capacity in oil refinery construction, a move aimed at…
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