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  • In the News

    Nigeria’s Oil Regulator to Crack Down on Crude Suppliers for Local Refineries

    by Motoni Olodun November 3, 2023
    by Motoni Olodun November 3, 2023

    Nigeria’s oil regulator, the NUPRC, has warned crude suppliers to comply with their obligations to provide adequate crude oil to local refineries, as stipulated by the new Petroleum Industry Act …

  • Oil & Gas

    Germany Eyes West Africa for Enhanced Oil, Gas Imports

    by Oluwatosin Racheal Alabi October 30, 2023
    by Oluwatosin Racheal Alabi October 30, 2023

    To address energy concerns, German Chancellor Olaf Scholz initiates discussions with Nigeria and other West African nations. The focus is on importing more oil and gas. Scholz, on his third …

  • Oil & Gas

    Africa’s Energy Future: $800 Billion Investment in Oil and Gas

    by Motoni Olodun October 25, 2023
    by Motoni Olodun October 25, 2023

    Africa is undergoing a massive transformation in its energy sector, with an estimated $800 billion investment in upstream oil and gas projects over the next 20 years. According to a …

  • Markets

    Petronas Buys 40% of Angola’s Block 20 from TotalEnergies

    by Victor Adetimilehin October 1, 2023
    by Victor Adetimilehin October 1, 2023

    Petronas, the Malaysian state-owned oil and gas company, has acquired a 40% stake in Block 20 in Angola’s Kwanza Basin from TotalEnergies, the French energy giant. The deal, which was …

  • Oil & Gas

    Japan Seeks to Secure Energy Supply Amid US Sanctions on Russia

    by Motoni Olodun September 26, 2023
    by Motoni Olodun September 26, 2023

    Japan is facing a challenge to ensure a stable energy supply amid the US sanctions on Russia, which is one of its major sources of oil, gas, and coal. The …

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Nigeria’s Oil Boom: Record Production in September 2023

Tinubu Approves Payment of N3.3 Trillion Debt to 15 Power Plants to Fix Nigeria’s Electricity Crisis
Somalia Launches Its First Offshore Oil Drilling Campaign With Turkey’s Drilling Ship Cagri Bey

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Tinubu Approves Payment of N3.3 Trillion Debt to 15...
Somalia Launches Its First Offshore Oil Drilling Campaign With...
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