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  • Markets

    How Tullow Oil is Betting on Africa for its Future Growth

    by Motoni Olodun March 8, 2024
    by Motoni Olodun March 8, 2024

    Tullow Oil, a UK-based oil and gas exploration company, has revealed its plans to focus more on its African assets in its annual report for 2020, which was published on …

  • Energy Transition

    Oil and Gas Firm to Use Mini Nuclear Reactors

    by Motoni Olodun March 6, 2024
    by Motoni Olodun March 6, 2024

    Viaro Energy, an independent oil and gas operator in the North Sea, has announced plans to use mini nuclear reactors to reduce its carbon emissions from its offshore assets. The …

  • Government

    Norway Helicopter Crash: Equinor Nurse Dies, Five Injured

    by Motoni Olodun March 5, 2024
    by Motoni Olodun March 5, 2024

    A helicopter crash off the coast of Norway has claimed the life of a nurse working for the state-owned oil company Equinor, and left five others injured. The incident occurred …

  • In the News

    Big Oil’s Record Returns Fail to Lure Back Investors

    by Victor Adetimilehin February 8, 2024
    by Victor Adetimilehin February 8, 2024

    Oil and gas giants are paying out more money than ever to shareholders, but that’s not enough to restore their appeal in a world shifting to cleaner energy sources. The …

  • In the News

    Savannah Energy’s South Sudan Deal Delayed Again Amid Multiple Crises

    by Motoni Olodun February 2, 2024
    by Motoni Olodun February 2, 2024

    Savannah Energy PLC has postponed its acquisition of oil and gas assets in South Sudan from Petronas for the third time, as it faces challenges from the pandemic, climate change, …

  • Markets

    Shell’s Exit from Nigeria: A $2.4 Billion Deal in the Making

    by Motoni Olodun February 2, 2024
    by Motoni Olodun February 2, 2024

    Shell, one of the world’s largest energy companies, is close to finalizing the sale of its Nigerian onshore subsidiary, SPDC, to a local consortium for $2.4 billion. The deal, which …

  • 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”. …

  • In the News

    Ukraine Drone Strike Sparks Massive Fire at Russian Fuel Terminal

    by Victor Adetimilehin January 22, 2024
    by Victor Adetimilehin January 22, 2024

    A Ukrainian drone attack on a Russian oil and gas facility in the Baltic Sea has triggered a huge blaze and disrupted fuel exports to international markets. The Ust-Luga complex, …

  • In the News

    ExxonMobil Eyes Algeria for Oil and Gas Investments

    by Motoni Olodun January 10, 2024
    by Motoni Olodun January 10, 2024

    Algeria is in talks with the U.S. oil giant ExxonMobil to boost its oil and gas output, according to an energy ministry statement on Tuesday. The statement said that a …

  • In the News

    Chevron’s $4 Billion Loss: What It Means for the Future of Oil

    by Victor Adetimilehin January 3, 2024
    by Victor Adetimilehin January 3, 2024

    Chevron, one of the world’s largest oil and gas companies, announced on Tuesday that it expects to take a massive hit of up to $4 billion in the fourth quarter …

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Nigeria’s Oil Boom: Record Production in September 2023

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