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oil exploration

  • In the NewsOil & Gas

    Libya Grants Offshore Oil Exploration Licence to Global Energy Firms

    by Oluwatosin Racheal Alabi June 24, 2026
    by Oluwatosin Racheal Alabi June 24, 2026

    KEY POINTS Libya’s National Oil Corporation (NOC) has granted an offshore oil exploration licence to a consortium of international energy companies, marking a significant step in the country’s efforts to …

  • In the NewsMarketsOil & Gas

    FG Commends ExxonMobil’s $3.5bn Investment, Seeks Increased Oil Sector Commitment

    by Oluwatosin Racheal Alabi April 17, 2026
    by Oluwatosin Racheal Alabi April 17, 2026

    KEY POINTS The Federal Government has praised ExxonMobil Nigeria for investing over $3.5 billion in the country’s oil and gas sector, describing the move as a strong signal of renewed …

  • In the NewsOil & Gas

    Libya Moves to Deepen Oil Exploration as Polish Firm PUNA Sets Out Fresh Drilling Plans

    by Oluwatosin Racheal Alabi December 2, 2025
    by Oluwatosin Racheal Alabi December 2, 2025

    Libya’s National Oil Corporation, NOC, has begun a fresh review of exploration work in the Murzuq Basin, holding a detailed session with Poland’s PUNA Oil Company as the North African …

  • In the NewsOil & Gas

    Sierra Leone Seeks to Deepen Oil Prospects After Eni Exploration Breakthrough

    by Oluwatosin Racheal Alabi November 7, 2025
    by Oluwatosin Racheal Alabi November 7, 2025

    KEY POINTS Sierra Leone is pushing to build on its recent offshore oil exploration breakthrough with Italian energy giant Eni, as the West African nation seeks to position itself as …

  • Energy TransitionOil & Gas

    Libya Prepares to Host Major Energy Summit in 2026 as Oil Production Targets Double

    by Adedotun Oyeniyi April 17, 2025
    by Adedotun Oyeniyi April 17, 2025

    KEY POINTS Tripoli will host the fourth edition of the Libyan Energy & Economic Summit (LEES) from January 24 to 26, 2026, marking the first time the event will span …

  • Oil & Gas

    TotalEnergies Extends West Africa Rig Contract, Strengthening Regional Foothold

    by Feyisayo Ajayi January 4, 2025
    by Feyisayo Ajayi January 4, 2025

    TotalEnergies extends Namibia offshore rig contract, boosting exploration in the Orange Basin with key oil discoveries.

  • In the News

    Impact Finalizes Farm-Out Deal with TotalEnergies in Namibia

    by Feyisayo Ajayi November 5, 2024
    by Feyisayo Ajayi November 5, 2024

    Impact Oil & Gas completes a farm-out deal with TotalEnergies, enhancing exploration in Namibia’s offshore oil sector

  • In the News

    Mexican Crude Output Decline Threatens Energy Independence Dream

    by Victor Adetimilehin July 26, 2024
    by Victor Adetimilehin July 26, 2024

    Mexico’s incoming President Claudia Sheinbaum is set to confront a significant challenge: fulfilling the dream of energy independence amidst declining domestic crude supply. Despite being a major crude producer, Mexico’s …

  • In the NewsOil & Gas

    Shell’s Oil Exploration in South Africa Faces Hurdles Amid Gas Pump Exit

    by Motoni Olodun May 11, 2024
    by Motoni Olodun May 11, 2024

    Shell’s oil exploration ambitions in South Africa are encountering potential roadblocks as the nation considers curbing its activities in response to the energy giant’s pivot away from fossil fuels. Recent …

  • In the News

    rident Energy Ventures into Republic of Congo’s Oil Exploration

    by Motoni Olodun April 26, 2024
    by Motoni Olodun April 26, 2024

    In a significant development for the oil industry, Trident Energy has initiated exploration activities in the Republic of Congo, signaling a new chapter in the country’s energy sector. The move …

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S&P Raises Nigeria’s 2026 Inflation Forecast On Rising Energy...
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