UAE’s AD Ports Group Eyes Joint Development of Egypt’s Strategic Oil Storage Network
UAE’s AD Ports Group Eyes Joint Development of Egypt’s Strategic Oil Storage Network AD Ports Group has signed a memorandum of understanding to explore joint operation and development of Egypt’s strategic crude oil storage facilities, highlighting the UAE company’s commitment to expanding its integrated business model in one of its largest overseas markets. The potential […]
Nigerian Scientist Develops Revolutionary Oil Spill Cleanup Technology
Nigerian Scientist Develops Revolutionary Oil Spill Cleanup Technology Environmental rights advocate and marine plant researcher Anthonymaria Odukaesieme has invented Spillguard Oil-Absorbent, an indigenous biodegradable solution for oil spill cleanup and bioremediation in Nigeria’s oil-producing regions. The 100% natural, human and environmentally friendly polymer can clean up oil spillage of any magnitude on both water and […]
ExxonMobil Returns to Libya After Decade-Long Absence Due to Security Concerns
ExxonMobil Returns to Libya After Decade-Long Absence Due to Security Concerns Libya’s National Oil Corporation has signed a memorandum of understanding with ExxonMobil to resume operations in the country after a ten-year hiatus caused by security concerns. The agreement focuses on conducting detailed geological and geophysical studies to identify hydrocarbon resources in four offshore blocks […]
OPEC+ Nations Announce 547,000 Barrel Production Increase for September
OPEC+ Nations Announce 547,000 Barrel Production Increase for September Eight OPEC+ countries announced they will implement a production adjustment of 547,000 barrels per day in September, continuing their gradual return of voluntary production cuts. Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman made the decision following a virtual meeting on August 3 to […]
Chinese Energy Giant Sinopec Secures Major Algeria Shale Gas Deal Worth Hundreds of Millions
Chinese Energy Giant Sinopec Secures Major Algeria Shale Gas Deal Worth Hundreds of Millions Chinese state-owned energy giant Sinopec has signed a groundbreaking contract with Algeria’s Sonatrach for exploration and development of the Guern El Guessa II block, marking a significant expansion of China’s presence in North African energy markets. The agreement includes exclusive cooperation […]
Nigeria Crosses 1.8 Million Barrel Milestone, Edges Closer to 2025 Budget Target
Nigeria Crosses 1.8 Million Barrel Milestone, Edges Closer to 2025 Budget Target Nigeria achieved a significant milestone in July by surpassing 1.8 million barrels per day in peak oil production for the first time this year, bringing the country closer to meeting its ambitious 2025 budget benchmark of 2.06 million barrels per day. The Nigerian […]
Libya’s Sharara Oilfield Reaches Seven-Year Production Peak at 310,970 Barrels Daily
Libya’s Sharara Oilfield Reaches Seven-Year Production Peak at 310,970 Barrels Daily Libya’s flagship Sharara oilfield has surged to its highest production levels in seven years, now averaging 310,970 barrels per day, according to operator Akakus Oil Operations. The dramatic increase follows a successful field-upgrade campaign that returned well H-49 to service on July 30, contributing […]