Nigeria Eyes Oil Production Jackpot: NUPRC Launches Bold 1 Million Barrel Daily Boost Plan
Nigeria Eyes Oil Production Jackpot: NUPRC Launches Bold 1 Million Barrel Daily Boost Plan Nigeria’s oil regulator is making waves with an ambitious game plan to squeeze an additional 1 million barrels per day from the country’s untapped resources. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) unveiled its revolutionary strategy at a major industry conference […]
Oando Reports Strong Upstream Growth Amid Strategic Continental Expansion
Oando Reports Strong Upstream Growth Amid Strategic Continental Expansion Oando PLC has demonstrated remarkable upstream performance with a 63% year-on-year production increase in the first half of 2025, reaching a daily average of 37,012 barrels of oil equivalent. The impressive growth stems from infrastructure consolidation, improved operational uptime, and the strategic acquisition of Nigerian Agip […]
Libyan Drilling Rig Resumes Operations After Major Maintenance
Libyan Drilling Rig Resumes Operations After Major Maintenance The National Oil Wells Drilling & Workover Company (NWD) has successfully returned its Rig 12 to field operations with the Arabian Gulf Oil Company (AGOCO) following extensive maintenance work. The 2,000 HP rig had been out of service since October 2023 due to damage sustained to its […]
First E&P Expands African Footprint with Tanzania Gas Exploration Deal
First E&P Expands African Footprint with Tanzania Gas Exploration Deal Nigeria’s First Exploration and Petroleum Development Co. is venturing into East African gas exploration, reflecting a broader trend of Nigerian energy companies expanding beyond their home market. The company signed a technical assessment agreement with Tanzania Petroleum Development Corp. for the potential development of the […]
Egypt’s WEPCO Boosts Western Desert Gas Output to Record Levels
Egypt’s WEPCO Boosts Western Desert Gas Output to Record Levels The Western Desert Operating Petroleum Company (WEPCO) has successfully increased its daily natural gas output to 8,300 barrels of oil equivalent per day following the integration of the 5st-10 development well at the Badr-1 field in Egypt’s Western Desert. The new well, drilled at a […]
Oando Makes History with Africa’s First Solar Panel Recycling Plant
Oando Makes History with Africa’s First Solar Panel Recycling Plant Nigerian energy giant Oando PLC is set to establish Africa’s first solar PV module assembly plant with integrated recycling capabilities, according to its Q1 2025 financial report. The groundbreaking 1.2-gigawatt facility represents a major milestone in Africa’s renewable energy development. The company has already secured […]
Oil Returns to Benin Waters After 30 Years as Rex Begins Major Drilling Campaign
Oil Returns to Benin Waters After 30 Years as Rex Begins Major Drilling Campaign Rex International’s subsidiary Akrake Petroleum has commenced drilling operations at the Sèmè Field in Block 1 offshore Benin, marking the first oil production activity in the area for nearly three decades. The company spudded its first well on August 4, 2025, […]