Tag:
Oil
Africa
Adding To It’s Wealth of Oil South of The Country, Nigeria Begins Drilling For Oil In The North
Nigeria on Tuesday began drilling for oil and gas in the northeast, setting a precedent for the African oil giant which has been developing...
Africa
Uganda To Begin Commercial Oil Exploration in 2025
On Tuesday, officials said Uganda intends to begin commercially pumping its oil reserves in April 2025, with China seen as a potential source of...
Africa
Somalia Finalizes Its Controversial $7m Oil-production-sharing Deal With US Firm, Coastline Exploration
Somalia has finalized its $7m (£6.2m) oil production sharing agreement with US company, Coastline Exploration.
Coastline Exploration is an upstream oil and gas company focused...
Africa
Nigeria Discovers Huge Pipeline Used for Oil Theft For Over 9 Years
The Nigerian National Petroleum Company Limited (NNPC) says it has discovered an illegal 4-kilometre (km) pipeline from the Forcados terminal to the sea and...
Africa
Nigerian Crude Oil Exports at Lowest Level in 25 Years Due to Oil Theft
Nigeria's crude oil production fell below 1 million barrels per day (bpd) in August, according to figures from its regulator.
The drop in production has...
Africa
Europe Looks To Replace Russian Supplied Gas With Nigerian Gas
The European Union is seeking additional gas supplies from Nigeria as the bloc braces for possible Russian supply cuts, Matthew Baldwin, deputy director general...
Africa
Libya Finally Resumes Oil Exportation After 3 Months Pause
Libya has finally resumed oil expectations on Wednesday, ending a month-long pause due to economic issues caused by civil unrest.
The resumption comes after the...
Africa
African Nations Have Failed To Benefit From Abundant Gas On The Continent, IEA Warns
According to the International Energy Agency (IEA), several African nations have failed to benefit from the abundance of Gas deposits within the continent.
In...