Nigeria’s Modular Refinery Sector Attracts $1.2 Billion Investment Surge
Nigeria’s Modular Refinery Sector Attracts $1.2 Billion Investment Surge PetroNor E&P ASA has achieved notable improvements in operational efficiency at its Congo operations, despite a modest decline in overall production volumes during the second quarter of 2025. The company generated an average of 4,240 barrels of oil per day net working interest production from its […]
DRC and Tanzania Establish Joint Committee for Enhanced Oil and Gas Cooperation
DRC and Tanzania Establish Joint Committee for Enhanced Oil and Gas Cooperation The Democratic Republic of the Congo and Tanzania have agreed to establish a joint technical committee to strengthen cooperation in the oil and gas sector, following productive bilateral discussions between their energy ministers. The decision was announced after a July 8 meeting […]
Sri Lankan Ambassador Warns Against South Sudan Crude Oil Deal
Sri Lankan Ambassador Warns Against South Sudan Crude Oil Deal Sri Lanka’s former Ambassador to South Sudan has issued a strong warning against the country’s interest in importing crude oil from South Sudan, citing insurmountable challenges including sanctions, supply chain instability, and refinery incompatibility. Ambassador Kana Kananathan urged Sri Lankan energy authorities to reconsider the […]
Uganda’s Ambitious Oil Pipeline Project Races Toward 2026 Launch
Uganda’s Ambitious Oil Pipeline Project Races Toward 2026 Launch Uganda’s dream of becoming an oil exporter by the second half of 2026 is accelerating as the East African Crude Oil Pipeline (EACOP) project enters its final 12-month construction phase. Engineers working on the massive 1,443-kilometer pipeline, designed to transport crude from Uganda’s Albertine Graben to […]
Oceaneering Lands Major $90 Million Contract with ExxonMobil for Angola Operations
Oceaneering Lands Major $90 Million Contract with ExxonMobil for Angola Operations U.S. subsea engineering firm Oceaneering International has secured a substantial three-year contract worth $80-90 million with an ExxonMobil affiliate to provide remotely operated vehicle (ROV) services and integrated solutions at an offshore block in Angola. The contract, awarded to Oceaneering Angola and Oceaneering Marine […]
Tullow Oil Secures Critical Extension for Kenya Oilfield Development
Tullow Oil Secures Critical Extension for Kenya Oilfield Development Tullow Oil Plc and Kenya’s Gulf Energy Ltd. have been granted a crucial six-month extension until December to submit their development plan for oil fields in Kenya, providing breathing room for the completion of a significant asset sale. The extension comes as Tullow works to finalize […]
Libya and Nigeria Forge Strategic Alliance for Gas Pipeline to Europe
Libya and Nigeria Forge Strategic Alliance for Gas Pipeline to Europe Libya and Nigeria have announced a groundbreaking partnership to develop a major gas pipeline project that could revolutionize energy exports to European markets, following high-level discussions between the two nations’ oil ministers. Libya’s Tripoli-based Minister of Oil and Gas, Khalifa Abdel Sadeg, met with […]
Nigeria’s Oil Rig Count Soars to 46 Following $8 Billion Investment Surge
Nigeria’s Oil Rig Count Soars to 46 Following $8 Billion Investment Surge Nigeria’s oil industry has achieved a remarkable milestone as the country’s active oil rig count has surged to 46, up dramatically from just eight rigs in 2021, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced today. The explosive growth follows over $8 billion […]
Shell Submits Formal Bid for Ghana’s Pecan Oil Field as Mahama Promises Energy Revolution
Shell Submits Formal Bid for Ghana’s Pecan Oil Field as Mahama Promises Energy Revolution In a major development that could reshape Ghana’s energy landscape, global oil giant Shell has submitted a formal bid to participate in the development of Ghana’s lucrative Pecan Oil Field, President John Mahama announced today. The proposal is currently under review […]