Oil & Gas

KEY POINTS Libya’s eastern-based parliament is preparing to ratify a gas exploration accord that would give Turkey access to the North African nation’s Mediterranean waters, according to people familiar with …

KEY POINTS In July, Nigeria’s petrol prices slightly decreased, providing little respite to consumers from months of high energy prices that still have a significant impact on household budgets and …

KEY POINTS As ExxonMobil continues to link its long-term presence in Nigeria to larger investments in human capital, the company has recognized its Nigerian affiliates for their contributions to innovation …

KEY POINTS European oil majors are reshaping their portfolios to attract capital for decarbonization projects, as evidenced by Eni SpA’s agreement to sell Global Infrastructure Partners a 49.9% stake in …

KEY POINTS Global fuel trade routes are being redrawn by Nigeria’s $20 billion Dangote refinery, endangering the existence of some of Europe’s most vulnerable plants. Refiners throughout the continent are …

KEY POINTS For two months in a row, Nigeria has maintained OPEC crude production above the 1.5 million barrels per day mark, bolstering its attempts to win back investor trust …

KEY POINTS Another significant step has been taken in the pursuit of liquefied petroleum gas by Nigeria’s state oil company, NNPC, and Sahara Group, its longstanding private partner. Their joint …

KEY POINTS “As reforms and leadership changes start to reposition the industry for global financing, Nigeria’s oil and gas sector is entering a new phase of confidence,” said Tony Attah, …

KEY POINTS In a daring gamble on Africa’s upstream potential, Heirs Energies Ltd. plans to double crude production in the next five years as independent producers on the continent take …

KEY POINTS In a move that could transform the North African country’s energy landscape and increase its export power, Algeria is nearing agreements with Exxon Mobil Corp. and Chevron Corp. …