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NIGERIAN CRUDE HOLDS STRONG DESPITE OPEC PRODUCTION INCREASE
Nigeria’s premium crude oil grades continue trading above $65 per barrel despite OPEC+ announcing plans to increase global production by 500,000 barrels per day starting October 2024. The country’s flagship Bonny Light, Forcados, and Qua Iboe grades are fetching between $65 to $68 per barrel, maintaining a healthy premium to Brent benchmark prices. Analysts attribute […]
WEATHERFORD MAKES DRAMATIC RETURN TO LIBYA AFTER DECADE-LONG ABSENCE
Weatherford International, the American oil services powerhouse, has officially resumed operations in Libya after more than ten years away from the troubled North African nation. The company has established new headquarters in Tripoli’s Hay Al-Andalus district and is preparing to deploy services directly from field locations. The dramatic return was confirmed Tuesday during high-level […]
OIL PIPELINE RUPTURE FORCES SHUTDOWN IN NIGERIA’S RIVERS STATE
Renaissance Africa Energy has abruptly suspended crude oil transportation through its critical Okordia-Rumuekpe pipeline following a significant oil spill detected Monday in Rivers State, Nigeria. The pipeline—a vital artery carrying crude to the Bonny export terminal—was shut down after local environmental monitors raised the alarm. The incident, first reported by the Youths and Environmental Advocacy […]
CANADIAN FIRM POISED TO SEIZE CONTROL OF PRIZED ORANGE BASIN BLOCK
Eco Atlantic Oil & Gas is on the verge of becoming the newest operator in South Africa’s coveted Orange Basin, with regulatory approval for its acquisition of Block 1 expected “in the near term.” The Canadian company’s strategic move positions it directly in line with recent multi-billion-barrel discoveries in neighboring Namibia. “The Orange Basin has […]
Congo and M23 rebels resume peace talks in Doha, sources say
Congolese police officers patrol on their pick-up truck near the Historical monument of Butembo at an intersection of streets in Butembo Congolese police officers patrol on their pick-up truck near the Historical monument of Butembo at an intersection of streets in Butembo, in the Democratic Republic of Congo April 1, 2025. REUTERS/Gradel Muyisa Mumbere/File Photo […]
‘Wind theft’: The mysterious effect plaguing wind farms
As wind farms expand, some can accidentally “steal” each other’s’ wind – causing worries over some countries’ energy transition to net zero. As offshore wind farms are expanding around the world in the race to meet net zero climate targets, a worrying phenomenon is attracting growing attention: in some conditions, wind farms can “steal” each […]
Supreme Court allows Trump to implement transgender military ban
The blanket ban, expanding on a similar policy Trump proposed in his first term, has been blocked nationwide by lower courts. The Supreme Court on Tuesday allowed President Donald Trump to implement his ban on transgender people serving in the military. The justices granted an emergency request from the Trump administration to lift a nationwide […]
EU plans to end Russian gas imports by end of 2027
The European Commission has published a “roadmap” outlining its plans to end Europe’s reliance on Russian energy in the coming years. Under the plans, imports of all Russian gas and liquefied natural gas to European Union member states will be banned by the end of 2027. “No more will we permit Russia to weaponise […]
Top UN court dismisses Sudan’s genocide case against UAE
Delegation members from the United Arab Emirates and Sudan stand at the start of a hearing before the International Court of Justice in The Hague, on April 10, 2025. The International Court of Justice has dismissed Sudan’s case alleging that the United Arab Emirates violated the Genocide Convention by supporting paramilitary forces in the […]