NIGERIAN TROOPS RECOVER STOLEN OIL WORTH N103 MILLION IN MASSIVE ANTI-THEFT OPERATION
Nigerian military forces have dealt a significant blow to oil theft networks, foiling illegal operations valued at over N103.9 million during an intensive week-long crackdown under Operation DELTA SAFE. The successful raids recovered 68,875 liters of stolen crude oil, 31,166 liters of illegally refined diesel, and 2,250 liters of kerosene. Troops dismantled 18 illegal refining […]
LIBYA MAINTAINS OIL PRODUCTION DESPITE SECURITY CONCERNS, REPORTS DAILY OUTPUT OF 1.37 MILLION BARRELS
Libya’s National Oil Corporation (NOC) has reassured domestic and international partners that all operations across its oil fields and ports continue to function normally with no disruptions to production, despite recent security incidents in Tripoli that raised concerns among energy analysts. In an official statement released Saturday, the NOC reported crude oil production of 1,376,415 […]
NIGERIA EYES 2 MILLION BARRELS DAILY WITH AMBITIOUS KOLMANI BASIN PUSH
Nigeria is ramping up oil exploration across the country with a strategic focus on the Kolmani Basin as part of efforts to reach an ambitious target of two million barrels of crude oil production per day, according to Minister of State for Petroleum, Senator Heineken Lokpobiri. During the groundbreaking ceremony for the Bauchi Oil and […]
NIGERIA DOUBLES DOWN ON OIL EXPLORATION AS LOKPOBIRI RENEWS KOLMANI LICENSES
The Nigerian government is intensifying efforts to boost domestic oil production through renewed exploration activities in the Kolmani areas of Bauchi and Gombe states, according to Minister of State for Petroleum Resources, Senator Lokpobiri Heineken. Speaking at the groundbreaking ceremony for the permanent site of Bauchi Oil and Gas Academy in Alkaleri, the minister revealed […]
FORGOTTEN IRAQI REFINERY IN SOMALIA EMERGES AS SURPRISE DIPLOMATIC OPPORTUNITY
An Iraqi oil refinery built in Somalia during the 1970s has unexpectedly returned to the spotlight, offering a potential avenue for renewed cooperation between Baghdad and Mogadishu. Economist Nabil Al-Marsoumi revealed that the facility, constructed in 1974 by Iraq’s State Company for Oil Projects with an annual refining capacity of 500,000 tons, still exists despite […]
SEPLAT ENERGY HITS BILLION-DOLLAR MILESTONE WITH RECORD-BREAKING PERFORMANCE
Seplat Energy Plc has cemented its position as Nigeria’s premier indigenous energy company, posting revenues of $1.116 billion in 2024 on the back of strong production figures and the game-changing acquisition of Mobil Producing Nigeria Unlimited. Chairman Senator Udoma Udo Udoma described 2024 as “truly transformational,” noting the company achieved 11 million man-hours without lost-time […]
TINUBU BREAKS DEADLOCK, GREENLIGHTS CRUCIAL KOLMANI OIL LICENSES
In a major boost for Nigeria’s energy sector, President Bola Ahmed Tinubu has approved all critical regulatory licenses needed for the Kolmani Integrated Development Projects, breathing new life into the promising oil fields straddling Bauchi and Gombe States. The announcement came during the groundbreaking ceremony for the permanent site of the Bauchi Oil and Gas […]
BOTSWANA AND NAMIBIA JOIN FORCES ON GAME-CHANGING OIL REFINERY PROJECT
In a landmark development for southern Africa’s energy sector, Botswana and Namibia are exploring a joint venture to build an oil refinery that could reshape the region’s petroleum landscape. The ambitious plan emerged during high-level talks between Namibian President Netumbo Nandi-Ndaitwah and Botswana’s President Duma Boko during a diplomatic visit to Gaborone on Thursday. The […]
EGYPT SCRAMBLES FOR EMERGENCY GAS AMID LOOMING SUMMER CRISIS
Egypt’s state gas company EGAS is racing against time to secure urgent LNG shipments as the country braces for potential power cuts this summer. Saudi Aramco, UAE’s Adnoc, Algeria’s Sonatrach, and QatarEnergy have submitted bids under Egypt’s strict price cap of $14/mn British thermal units. The desperate search comes after Egypt suffered extended blackouts last […]
Solving the mystery of a dinosaur mass grave at the ‘River of Death’
Hidden beneath the slopes of a lush forest in Alberta, Canada, is a mass grave on a monumental scale. Thousands of dinosaurs were buried here, killed in an instant on a day of utter devastation. Now, a group of palaeontologists have come to Pipestone Creek – appropriately nicknamed the “River of Death” – to help […]