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oil and gas

  • 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 …

  • In the News

    Harbour Energy Buys Wintershall DEA for $11.2 Billion

    by Victor Adetimilehin December 22, 2023
    by Victor Adetimilehin December 22, 2023

    Harbour Energy, the biggest producer in the UK North Sea, has announced an $11.2 billion acquisition of German oil and gas firm Wintershall DEA. The deal, expected to close in …

  • Oil & Gas

    Harbour Energy to Become Global Oil Giant with $11.2 Billion Deal

    by Motoni Olodun December 22, 2023
    by Motoni Olodun December 22, 2023

    Harbour Energy, the UK’s largest oil and gas producer, has announced a landmark deal to acquire most of the assets of Germany’s Wintershall Dea, creating one of the world’s biggest …

  • In the News

    Apache Fined for Neglecting North Sea Flare System

    by Victor Adetimilehin December 21, 2023
    by Victor Adetimilehin December 21, 2023

    The Health and Safety Executive (HSE) has slapped Apache with an improvement notice for its poor maintenance of the flaring system on its Beryl hub in the North Sea. The …

  • Oil & Gas

    Nigeria’s Gas Flaring Woes: How to Turn Waste into Wealth

    by Motoni Olodun December 21, 2023
    by Motoni Olodun December 21, 2023

    Nigeria, Africa’s largest oil producer, has been burning off its natural gas for decades, wasting a valuable resource and harming the environment. But with new policies and technologies, the country …

  • Oil & Gas

    Nigeria Secures $6 Billion Oil and Gas Deal with TotalEnergies

    by Motoni Olodun December 19, 2023
    by Motoni Olodun December 19, 2023

    Nigeria, Africa’s largest oil producer, has secured a major investment deal with French energy giant TotalEnergies. The company’s CEO, Patrick Pouyanne, met with Nigeria’s President Bola Tinubu in Abuja on …

  • In the News

    Nigeria Left Out of US Oil Giants’ 2024 Budgets

    by Motoni Olodun December 18, 2023
    by Motoni Olodun December 18, 2023

    Nigeria, Africa’s largest oil producer, has been overlooked by two of the biggest American oil companies in their 2024 spending plans. Chevron and ExxonMobil have announced their budgets for next …

  • In the News

    Chevron to Boost Oil and Gas Spending by 11% in 2024

    by Victor Adetimilehin December 7, 2023
    by Victor Adetimilehin December 7, 2023

    Chevron Corp, one of the world’s largest oil and gas companies, announced on Wednesday that it expects to spend between $18.5 billion and $19.5 billion on new projects in 2024, …

  • Energy Transition

    Africa’s Oil and Gas Industry Faces a Dilemma: To Go Green or Not?

    by Motoni Olodun December 1, 2023
    by Motoni Olodun December 1, 2023

    Africa is at a crossroads as it faces a dilemma: to pursue its economic development through fossil fuels or to embrace a green energy transition. This is the main issue …

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Nigeria’s Oil Boom: Record Production in September 2023

Eskom Warns Soaring Municipal Arrears Are Stalling Credit Improvements
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Eskom Warns Soaring Municipal Arrears Are Stalling Credit Improvements
Libya Moves Into Final Stretch of First Oil Exploration...
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