DRILLING SURGE: UAE GIANT DOUBLES DOWN ON WEST AFRICAN OIL GAMBIT
Shelf Drilling Deploys Critical New Assets as Nigeria Becomes Regional Powerhouse In a dramatic expansion of its West African operations, UAE-based drilling contractor Shelf Drilling has mobilized two additional rigs to the region, according to the company’s bombshell 2025 Fleet Status Report released this week. The rigs—High Island 11 and Shelf Drilling Victory—arrived in April […]
LIBYA ROARS BACK: 40+ ENERGY GIANTS SCRAMBLE FOR SLICE OF MEDITERRANEAN GOLD
Massive Licensing Round Signals Nation’s Dramatic Return to Global Energy Stage In a stunning development signaling Libya’s triumphant return to the global energy arena, over 40 international companies have already submitted applications for the nation’s latest upstream licensing round. This remarkable surge of interest highlights the world’s growing appetite for Libya’s largely untapped hydrocarbon reserves. […]
Mrs. Josephine Olunaike Applauds IHS Towers for Unwavering Support of Beulah Sickle Cell Foundation
Abuja, Nigeria – In a heartfelt tribute, Mrs. Josephine Olunaike, founder of the Beulah Sickle Cell Foundation, has extended her profound gratitude to IHS Towers for their steadfast partnership and exceptional support over the past six years. Reflecting on the journey of the foundation, Mrs. Josephine Olunaike remarked that what began as a vision has evolved […]
OANDO COMPLETES CRUCIAL PIPELINE REPAIRS FOLLOWING MULTIPLE OIL SPILLS IN BAYELSA STATE
Oando Plc, the indigenous energy firm that acquired Nigeria Agip Oil Company, has successfully completed repair works on ruptured pipelines following four operational oil spills recorded since October 2024. The repairs addressed incidents along the NNPC Exploration and Production Ltd/Oando pipeline in Bayelsa State, including a May 3 spill around Oando’s Ogboinbiri flow station in […]
LIBYA’S OIL LOGISTICS PARALYZED AS CEASEFIRE COLLAPSES AND TRIPOLI VIOLENCE INTENSIFIES
Libya’s oil sector is facing renewed disruptions after intense fighting resumed in Tripoli just hours after officials declared a ceasefire. The Sirte Oil Company, a key state-run energy operator, has suspended all land-based fuel and material transport operations due to escalating security concerns in western Libya. The capital erupted in violence following the assassination of […]
NIGERIA TURNS TO MINI-LNG AND FLOATING SOLUTIONS TO REVIVE GAS EXPORT AMBITIONS
Nigeria is increasingly embracing floating LNG (FLNG) and mini-LNG projects as strategic alternatives to overcome infrastructure challenges and fully capitalize on its vast gas resources, according to analysts at Rystad Energy. Despite holding significant gas reserves, Nigeria has experienced a drastic decline in LNG production efficiency, dropping from 90 percent in 2018 to just 60 […]
GHANA PLUMMETS IN AFRICAN FUEL PRICE RANKINGS DESPITE STABLE CURRENCY
Ghana has experienced a dramatic drop in its ranking among African countries with the lowest fuel prices, falling to 20th position from 13th position despite recent stability in the Ghanaian cedi against major foreign currencies. According to GlobalPetrolPrices.com, Ghana’s average petrol price of $1.211 per liter in May 2025 now ranks it 77th globally, down […]
NIGERIA ATTRACTS $8 BILLION ENERGY INVESTMENT WINDFALL IN JUST ONE YEAR
Nigeria has secured over $8 billion in investments for deepwater and gas projects within a single year, according to Olu Verheijen, Special Adviser to President Bola Tinubu on Energy. Speaking at the 2025 Africa CEO Forum in Abidjan, Côte d’Ivoire, Verheijen attributed this remarkable achievement to comprehensive government reforms that have transformed Nigeria’s investment landscape. […]
TURKEY’S STATE ENERGY FIRM MAKES HISTORY WITH FIRST INTERNATIONAL FSRU DEPLOYMENT TO EGYPT
In a landmark development for Turkey’s growing energy influence, the country’s state firm Turkish Petroleum Pipeline Corporation (BOTAŞ) will deploy a Floating Storage and Regasification Unit (FSRU) abroad for the first time under a new agreement with Egypt’s state energy firm EGAS. The historic announcement came during a meeting between Turkish Energy and Natural Resources […]
BRAZILIAN OIL GIANT PETROBRAS PLOTS COMEBACK TO NIGERIA’S DEEPWATER SECTOR
Brazilian state oil company Petrobras is actively pursuing a return to Nigeria’s oil sector, focusing on frontier deepwater exploration as part of strengthened bilateral relations between the countries. The company, which previously operated at Nigeria’s Agbami Field before withdrawing, now sees fresh opportunities amid economic reforms under President Bola Tinubu’s administration. The development emerged during […]