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Oil & Gas

Featured posts

  • Oil & Gas

    Dangote Refinery Breaks New Ground with US Crude Oil Purchase

    by Motoni Olodun January 30, 2024
    by Motoni Olodun January 30, 2024

    Nigeria’s Dangote refinery, the largest in Africa, has made history by importing crude oil from the US for the first time. The refinery is seen as a game-changer for Nigeria’s …

  • GovernmentOil & Gas

    Uganda Ditches Kenya for Tanzania in Oil Trade Row

    by Motoni Olodun January 29, 2024
    by Motoni Olodun January 29, 2024

    Uganda has decided to import its oil through Tanzania instead of Kenya, following a long-standing dispute over a government-to-government fuel deal. The move could cost Kenya millions of dollars in …

  • In the NewsOil & Gas

    Uganda’s Oil Refinery Project Gets a Boost from UAE Investor

    by Motoni Olodun January 29, 2024
    by Motoni Olodun January 29, 2024

    Uganda has announced a new partner for its long-delayed oil refinery project, a United Arab Emirates (UAE) firm with no prior experience in the sector. The government hopes that the …

  • In the NewsOil & Gas

    Africa’s Energy Future: Nigeria and Morocco Accelerate $30bn Gas Pipeline Project

    by Motoni Olodun January 26, 2024
    by Motoni Olodun January 26, 2024

    Africa is on the verge of a major energy transformation, as Nigeria and Morocco intensify discussions to fast-track the process of achieving the Final Investment Decision (FID) on the $30bn …

  • MarketsOil & Gas

    How Russia’s Cheap Crude Oil Is Fueling Asia and Africa’s Energy Demand

    by Motoni Olodun January 25, 2024
    by Motoni Olodun January 25, 2024

    Since the European Union imposed sanctions on Russia’s energy exports in 2022, following its invasion of Ukraine, Moscow has been looking for new markets to sell its oil. And it …

  • In the NewsOil & Gas

    Tullow Oil Set to Generate $600 Million Free Cash Flow, Boosting Shares by 8%

    by Ikeoluwa Juliana Ogungbangbe January 25, 2024
    by Ikeoluwa Juliana Ogungbangbe January 25, 2024

    Tullow Oil anticipates a significant cash flow increase, backed by its Jubilee South East project, driving shares up by 8%.

  • Oil & Gas

    Chevron Seeks to Boost Nigeria’s Oil and Gas Potential in Meeting with President Tinubu

    by Motoni Olodun January 24, 2024
    by Motoni Olodun January 24, 2024

    Chevron, one of the world’s leading energy companies, has expressed its interest in partnering with Nigeria to unlock further oil and gas potential, tapping into the nation’s “tremendous human capacity”. …

  • Oil & Gas

    Nigeria Misses 2023 OPEC Oil Targets, Faces Major Production Deficit

    by Adenike Adeodun January 23, 2024
    by Adenike Adeodun January 23, 2024

    Nigeria’s oil production falls short of OPEC targets in 2023, with a significant 40 million barrel deficit in Q4.

  • In the NewsOil & Gas

    Libya’s Oil Output Surges as Al-Sharara Field Reopens

    by Motoni Olodun January 22, 2024
    by Motoni Olodun January 22, 2024

    Libya, one of Africa’s largest oil producers, has resumed full production at its biggest oilfield, Al-Sharara, after a two-week shutdown due to protests by local groups. The National Oil Corporation …

  • Oil & Gas

    Nigeria’s Non-Oil Exports Dip to $4.5 Billion in 2023

    by Oluwatosin Racheal Alabi January 21, 2024
    by Oluwatosin Racheal Alabi January 21, 2024

    Discover how Nigeria navigates economic diversification with a slight dip in non-oil exports, balanced by an increase in product diversity.

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Latest Stories

  • Heirs Energies Secures $750 Million Afreximbank Loan to Double Production
  • Dangote Refinery Reshapes Nigerian Fuel Market with Aggressive New Pricing
  • PENGASSAN Chief Osifo Advocates Partial Sale of Nigeria’s State Refineries to Secure Investment
  • Oil Prices Climb on US Interception of Venezuelan Tanker
  • Former ExxonMobil Contractor Dies Following Beer Parlour Altercation in Akwa Ibom

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Heirs Energies Secures $750 Million Afreximbank Loan to Double Production
Dangote Refinery Reshapes Nigerian Fuel Market with Aggressive New Pricing

Latest Stories

Heirs Energies Secures $750 Million Afreximbank Loan to Double...
Dangote Refinery Reshapes Nigerian Fuel Market with Aggressive New...
PENGASSAN Chief Osifo Advocates Partial Sale of Nigeria’s State...

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