Egypt Discovers New Oil Field in Western Desert Amid Energy Supply Challenges
Egypt Discovers New Oil Field in Western Desert Amid Energy Supply Challenges The General Petroleum Company (GPC) has announced a promising new oil discovery in Egypt’s Western Desert, providing a welcome boost to domestic production amid growing energy sector pressures. The GPR-1X well in the Abu Sennan fields has demonstrated strong initial performance, producing up […]
Kinetiko Secures $2.2 Million to Accelerate South African Gas Development
Kinetiko Secures $2.2 Million to Accelerate South African Gas Development Australian exploration and production company Kinetiko Energy has successfully raised $2.2 million through a strategic placement to directors and shareholders to advance its onshore gas project in South Africa’s Mpumalanga Province. The funding round included the conversion of $500,000 of existing debt into equity, strengthening […]
UK Launches Human Rights Investigation Into TotalEnergies’ $20 Billion Mozambique Gas Project
UK Launches Human Rights Investigation Into TotalEnergies’ $20 Billion Mozambique Gas Project British authorities have commissioned a comprehensive human rights review of TotalEnergies’ massive $20 billion gas development in Mozambique as they evaluate whether to continue funding the controversial project. UK Export Finance has tasked the legal group Beyond Human Rights Compliance, led by prominent […]
Perenco Invests $200 Million in New Congo Platform to Drive 500,000 BOEPD Target
Perenco Invests $200 Million in New Congo Platform to Drive 500,000 BOEPD Target Anglo-French independent operator Perenco is constructing a major new offshore oil and gas platform as part of a substantial investment to boost hydrocarbon production in the Republic of Congo. The project, named Kombi 2, is currently under construction at the Nieuwdorp shipyard […]
Eni Launches Major Logistics Hub to Boost Congo’s Offshore Oil Operations
Eni Launches Major Logistics Hub to Boost Congo’s Offshore Oil Operations Eni Congo has officially inaugurated its new Yasika logistics platform at Saipem’s base in the port of Pointe-Noire, marking a significant expansion of offshore oil and gas operations in the Republic of Congo. The new facility is strategically designed to ensure efficient delivery of […]
Nigeria’s Petroleum Import Bill Plummets 75% as Domestic Refining Capacity Surges
Nigeria’s Petroleum Import Bill Plummets 75% as Domestic Refining Capacity Surges Nigeria has achieved a remarkable milestone in reducing its dependence on imported petroleum products, with import values dropping dramatically to ₦3.786 trillion in the first quarter of 2025, according to the National Bureau of Statistics. The latest Foreign Trade in Goods Statistics reveal a […]
Dangote Refinery Launches Revolutionary Free Logistics Program to Transform Nigeria’s Fuel Distribution
Dangote Refinery Launches Revolutionary Free Logistics Program to Transform Nigeria’s Fuel Distribution The Dangote Petroleum Refinery has unveiled an ambitious nationwide distribution initiative that will fundamentally reshape Nigeria’s fuel supply chain starting August 15, 2025. The Lagos-based facility announced it will provide free logistics support for Premium Motor Spirit (PMS) and diesel distribution to marketers, […]
Egypt Races Against Time to Prevent Summer Blackouts as Israeli Strikes Disrupt Gas Supplies
Egypt Races Against Time to Prevent Summer Blackouts as Israeli Strikes Disrupt Gas Supplies Egypt is implementing emergency energy measures after Israeli strikes on Iran severely disrupted natural gas flows, threatening catastrophic summer power cuts across the nation. Prime Minister Mostafa Madbouly announced Saturday that the regional conflict has slashed Egypt’s gas supplies just as […]
Massive Oil Rig Boom Signals Nigeria’s Petroleum Renaissance – Numbers Jump From 11 to 42
Massive Oil Rig Boom Signals Nigeria’s Petroleum Renaissance – Numbers Jump From 11 to 42 Nigeria’s upstream oil sector is experiencing an unprecedented revival as active drilling rigs have skyrocketed from just 11 to 42 following groundbreaking regulatory reforms, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed today. This dramatic surge represents a nearly 300% […]
Israel Strikes Iran Nuclear Sites, Oil Prices Skyrocket as Nigeria Braces for Fuel Crisis
Israel Strikes Iran Nuclear Sites, Oil Prices Skyrocket as Nigeria Braces for Fuel Crisis Global oil markets are in chaos following Israel’s devastating airstrikes on Iran’s nuclear facilities, sending crude prices soaring and threatening Nigeria’s fragile fuel supply chain. Brent crude has exploded to $76.12 per barrel – a massive 9.76% surge – while West […]