Oil & Gas

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 …

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 …