Energy

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 …

Ivory Coast is set to experience a substantial increase in its oil production, with expectations of tripling by 2027. The West African country, recognized for its strong agricultural industry, is …