Oil & Gas

The Federal High Court, Lagos Division, has ruled that minority shareholders of Oando Plc cannot be compelled to sell their shares against their will. The verdict was delivered by Justice …

Egypt has unveiled a significant investment in its oil industry for the 2024/2025 fiscal year, with plans to inject $1.2 billion into drilling 110 exploratory wells. Minister of Petroleum and …

Angola plans to increase oil production to 1.1 million barrels per day (bpd) until 2027, thereafter maintaining output at this level. To support production growth, the country is promoting investment …

Oando Energy Resources emphasized the importance of Nigeria being proactive in extracting its abundant crude oil reserves to support its socio-economic growth and industrialization amidst the challenges of energy transition. …

TotalEnergies, a major French oil company, has notified South Africa’s petroleum regulator that it plans to exit the 11B/12B offshore gas field, indicating a major setback for the country’s energy …

Niger is exploring alternative routes for its oil exports through Chad, following a protracted dispute with Benin that has disrupted its current export pipeline. This strategic shift aims to ensure …

The Nigerian National Petroleum Corporation (NNPC) has announced 400 cases of oil theft in a single week, highlighting the increasing problem of illicit oil actions that persist in the country’s …

The Africa Leadership Awards has announced the nominees for the 2024 edition, showcasing notable leaders who have played a crucial role in the development of the continent. The nominees include …

Dangote Group has made serious allegations against International Oil Companies (IOCs), claiming a plot to hinder the progress of its recently opened refinery. The $19 billion Dangote Refinery, celebrated as …

DeepOcean, a top subsea services provider, has received a major contract from Woodside Energy for operations at the Sangomar Field Development Phase 1 project on the Senegal coast. This agreement …