NIGERIA SETS AMBITIOUS OIL TARGET: 2.5 MILLION BARRELS DAILY BY 2026
Government orders NNPCL to accelerate production amid renewed investor confidence The Federal Government has directed the Nigerian National Petroleum Company Ltd. to dramatically increase oil production to 2.5 million barrels per day by 2026, raising the bar from President Bola Tinubu’s initial target of two million barrels. Minister of State for Petroleum Resources, Mr. Heineken […]
CONGO UNLEASHES BOLD GAS REVOLUTION TO FUEL AFRICAN GROWTH
Strategic projects promise to transform domestic economy while tapping export markets The Republic of Congo is aggressively advancing plans to monetize its abundant gas resources through an ambitious portfolio of strategic projects and infrastructure developments aimed at serving both domestic needs and international markets. At the heart of this transformation is a renewed commitment to […]
STUNNING DISCOVERY: RHINO RESOURCES STRIKES RICH OIL PAYLOAD IN NAMIBIAN WATERS
Capricornus well yields spectacular flow rates as Orange Basin continues to deliver energy treasures In a dramatic breakthrough that confirms Namibia’s emergence as Africa’s hottest new energy frontier, Rhino Resources has announced exceptional results from its Capricornus 1-X exploration well in the Orange Basin. Using the Noble Venturer drillship, the company has tapped into a […]
COUNTDOWN BEGINS: NOBLE DRILLING GIANT POISED TO STRIKE OIL OFF AFRICAN COAST
Tullow completes critical seismic survey as Noble Venturer prepares for high-stakes drilling campaign The clock is ticking on a major new drilling campaign off the west coast of Africa as Tullow Ghana wraps up a sophisticated 4D seismic survey over its lucrative Jubilee and TEN oil fields. The strategic survey, designed to pinpoint high-value drilling […]
MAJOR BREAKTHROUGH: UAE-DUTCH ALLIANCE SEALS LANDMARK FLNG DEAL IN GABON
In a groundbreaking development that promises to reshape Africa’s energy future, UAE-based engineering powerhouse Technomak has joined forces with Dutch solutions provider Dixstone to execute a comprehensive engineering, procurement, construction, commissioning, and integration agreement for Perenco’s ambitious Cap Lopez FLNG project offshore Gabon. The landmark deal, described by industry insiders as a game-changer for the […]
NIGERIAN CRUDE HOLDS STRONG DESPITE OPEC PRODUCTION INCREASE
Nigeria’s premium crude oil grades continue trading above $65 per barrel despite OPEC+ announcing plans to increase global production by 500,000 barrels per day starting October 2024. The country’s flagship Bonny Light, Forcados, and Qua Iboe grades are fetching between $65 to $68 per barrel, maintaining a healthy premium to Brent benchmark prices. Analysts attribute […]
WEATHERFORD MAKES DRAMATIC RETURN TO LIBYA AFTER DECADE-LONG ABSENCE
Weatherford International, the American oil services powerhouse, has officially resumed operations in Libya after more than ten years away from the troubled North African nation. The company has established new headquarters in Tripoli’s Hay Al-Andalus district and is preparing to deploy services directly from field locations. The dramatic return was confirmed Tuesday during high-level […]
OIL PIPELINE RUPTURE FORCES SHUTDOWN IN NIGERIA’S RIVERS STATE
Renaissance Africa Energy has abruptly suspended crude oil transportation through its critical Okordia-Rumuekpe pipeline following a significant oil spill detected Monday in Rivers State, Nigeria. The pipeline—a vital artery carrying crude to the Bonny export terminal—was shut down after local environmental monitors raised the alarm. The incident, first reported by the Youths and Environmental Advocacy […]
CANADIAN FIRM POISED TO SEIZE CONTROL OF PRIZED ORANGE BASIN BLOCK
Eco Atlantic Oil & Gas is on the verge of becoming the newest operator in South Africa’s coveted Orange Basin, with regulatory approval for its acquisition of Block 1 expected “in the near term.” The Canadian company’s strategic move positions it directly in line with recent multi-billion-barrel discoveries in neighboring Namibia. “The Orange Basin has […]
Congo and M23 rebels resume peace talks in Doha, sources say
Congolese police officers patrol on their pick-up truck near the Historical monument of Butembo at an intersection of streets in Butembo Congolese police officers patrol on their pick-up truck near the Historical monument of Butembo at an intersection of streets in Butembo, in the Democratic Republic of Congo April 1, 2025. REUTERS/Gradel Muyisa Mumbere/File Photo […]