oil production

KEY POINTS • Iraq has sharply cut oil production because the Strait of Hormuz closure has stopped exports and tankers from reaching ports.• Major oilfields including Rumaila, West Qurna 2 …

KEY POINTS The Nigerian Presidency is weighing significant changes to the ownership structure of the Nigerian National Petroleum Company Limited, NNPC, as concerns mount over the state firm’s limited contribution …

KEY POINTS TotalEnergies has commenced oil production from two new offshore developments in Angola—Begonia and CLOV Phase 3—bringing a combined total of 60,000 barrels per day (bpd) to the country’s …

KEY POINTS Spanish energy major Repsol has significantly increased its oil production in Libya in 2025 following the reactivation of 12 previously dormant wells and a renewed focus on drilling …

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 …

OPEC+ denies speculation about postponing its April oil supply hike, with Russia confirming production increases remain on schedule.

Congo advances energy ambitions with refinery upgrades, gas projects, and a 2027 oil production target of 500,000 barrels/day.

Nigeria, Angola, and Algeria lead Africa’s oil production, driving economies while navigating structural challenges and global market fluctuations.

Shell Nigeria approves Bonga North project, aiming for 110,000 barrels per day, boosting oil production and economic growth.

Libya’s economy is poised for growth in 2025, driven by rising oil production and critical economic reforms, says IMF.