Armed Group Chokes Libya’s Hamada–Zawiya Crude Pipeline for the Second Time in a Week, Putting 15,000 Barrels a Day on the Line
Armed Group Chokes Libya’s Hamada–Zawiya Crude Pipeline for the Second Time in a Week, Putting 15,000 Barrels a Day on the Line An armed group has shut a valve on the main pipeline carrying crude from Libya’s western Hamada field to the Zawiya refinery, forcing a halt in pumping and cutting off supplies from […]
Africa Launches Its Own $5 Billion Energy Bank in Abuja to Fund the Oil and Gas Projects Traditional Lenders Are Backing Away From
Africa Launches Its Own $5 Billion Energy Bank in Abuja to Fund the Oil and Gas Projects Traditional Lenders Are Backing Away From Africa now has a bank of its own for oil and gas. The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) have formally established the Africa Energy Bank […]
Surprise Strike: Seplat Finds 19 Million Barrels of Oil and 157 Bcf of Gas in Imo State With a Well That Wasn’t Even in the Plan
Surprise Strike: Seplat Finds 19 Million Barrels of Oil and 157 Bcf of Gas in Imo State With a Well That Wasn’t Even in the Plan Seplat Energy has stumbled onto a commercial oil and gas discovery in onshore Imo State, and the find was not part of its drilling plan. The company made […]
TotalEnergies Sells SAPETRO 40% of Offshore Nigerian Block OPL257, Clearing the Way for Egina South Appraisal
TotalEnergies Sells SAPETRO 40% of Offshore Nigerian Block OPL257, Clearing the Way for Egina South Appraisal TotalEnergies is bringing a long-time partner deeper into Nigeria’s deep offshore. The company has signed a farm-out agreement to sell a 40% participating interest in block OPL257 to South Atlantic Petroleum Ltd. (SAPETRO), setting up an appraisal campaign […]
Egypt’s Eastern Desert Delivers: PetroNefertiti’s Lorcan-6 Well Tests at 1,500 Barrels of Oil a Day Plus Gas
Egypt’s Eastern Desert Delivers: PetroNefertiti’s Lorcan-6 Well Tests at 1,500 Barrels of Oil a Day Plus Gas PetroNefertiti has hit new oil- and gas-bearing reservoirs in Egypt’s Eastern Desert, with the Lorcan-6 exploration well flowing at encouraging rates during production testing, according to a statement from the Ministry of Petroleum on Oct. 30. Tests […]
Dangote Plants Its Flag in Cameroon’s Oil Sector With a New Company Built to Import, Refine and Distribute Fuel
Dangote Plants Its Flag in Cameroon’s Oil Sector With a New Company Built to Import, Refine and Distribute Fuel Aliko Dangote has set up a new oil and gas company in Cameroon, and its charter is far wider than the fuel storage project the group first pitched. Dangote Oil & Gas Cameroon SA was […]
Egypt Hands Oil and Gas Bidders More Time: Deadline for 14 Exploration Blocks Pushed to December 14
Egypt Hands Oil and Gas Bidders More Time: Deadline for 14 Exploration Blocks Pushed to December 14 Egypt has given explorers extra time to prepare their bids. The Egyptian General Petroleum Corporation (EGPC) has extended the deadline for its 2026 international licensing round after requests from interested companies, the Egypt Upstream Gateway (EUG) said […]
Two Suspected Ebola Cases in Northeast Nigeria Test Negative, Leaving the Country With Just One Confirmed Case
Two Suspected Ebola Cases in Northeast Nigeria Test Negative, Leaving the Country With Just One Confirmed Case Samples from two suspected Ebola cases in Nigeria’s northeast have tested negative after two rounds of laboratory testing, the Nigeria Centre for Disease Control and Prevention announced on Sunday in a post on X, Reuters reported. The […]
Asian Markets Slip as Doubts Over the AI Boom Spread From Tech Stocks to Credit
Asian Markets Slip as Doubts Over the AI Boom Spread From Tech Stocks to Credit Asian shares slipped on Monday as doubts grew over whether the AI investment boom is sustainable, Reuters reported. Japan’s Nikkei fell 0.5%, South Korea’s Kospi lost 0.8% and MSCI’s Asia-Pacific index excluding Japan eased 0.4%. The Kospi fell 16% […]
Lula’s Win Keeps Brazil’s Soybean Pipeline to China Flowing, but Farmers Face a Costly Squeeze
Lula’s Win Keeps Brazil’s Soybean Pipeline to China Flowing, but Farmers Face a Costly Squeeze Brazil supplied 75% of China’s soybean imports in the first nine months of this year, and analysts expect that flow to continue after Luiz Inácio Lula da Silva’s re-election, according to a Reuters analysis published on 29 October. His […]