UN Admits Unavailable $150bn Expansion Drive as Body Boasts Oil & Gas Reserves
The United Nations has acknowledged the unavailability of a previously announced $150 billion expansion drive, even as the organization continues…
Indian Banks Consider Financing Non-Sanctioned Russian Oil Trade
Several Indian banks are evaluating new financing mechanisms that would enable local traders to purchase Russian oil not subject to…
The Unintended Consequences of Pipeline Fights
Growing public resistance to new pipeline projects is producing consequences that policymakers warn may be counterproductive. While activists aim to…
Officials Find Source of Leak in Olympic Pipeline After Two Weeks
Authorities have identified the source of a leak in the Olympic petroleum pipeline more than two weeks after the first…
Jakarta Becomes the World’s Largest City, Surpassing Tokyo
Jakarta has officially become the world’s largest city, overtaking Tokyo according to a new United Nations population report released this…
Europe Eyes Investments in Africa’s Clean Energy and Infrastructure
The European Union is signaling renewed interest in deepening investments across Africa, particularly in clean energy and large-scale infrastructure projects.…
Indonesia Probes Exports of Radioactive Shrimp and Shoes
Indonesia has launched an urgent investigation after reports emerged suggesting that exported shrimp and a batch of manufactured shoes may…
Libya’s Harouge Oil Brings New Well Online with 1,100 Barrels Per Day Capacity
Libya’s state National Oil Corporation has reported that Harouge Oil Operations Company successfully brought well B-119 in the Amal field…
TGS Extends Partnership with Somalia to Unlock Offshore Hydrocarbon Potential
Norwegian energy data and intelligence company TGS has secured an extension of its agreement with the Somali government to continue…
Africa Pushes for Global Support of Oil and Gas Development to Drive Industrial Growth
African energy officials are urging global policymakers to place the continent’s oil and gas sector at the center of its…
Libya’s National Oil Corporation Discusses Exploration Plans with Eni-BP Consortium
The Exploration Department of Libya’s National Oil Corporation has discussed exploration activity programs with a consortium of Eni, BP, and…
TotalEnergies Exits Nigeria’s Bonga Field in $510 Million Deal with Shell and Eni
TotalEnergies has completed the sale of its entire 12.5% non-operated stake in Nigeria’s deepwater Bonga field for $510 million, marking…
NNPC Unveils Ambitious $60 Billion Investment Plan to Transform Nigeria’s Energy Sector
The Nigerian National Petroleum Company Limited has announced a transformative strategic roadmap targeting $60 billion in investments and production increases…
TotalEnergies and Chevron Battle for $4 Billion Stake in Namibia’s Massive Mopane Oil Discovery
French energy giant TotalEnergies and American oil major Chevron have emerged as frontrunners in what could be one of Africa’s…
Major Oil Companies Qualify for Libya’s First Exploration Bidding Round in 18 Years
Libya’s National Oil Corporation (NOC) announced it is entering the final stage of its first public exploration bid round since…
Mozambique Awards 30-Year Concession for Major LNG Infrastructure Development
Mozambique has granted its top state-owned companies a 30-year concession to build and operate natural gas facilities at the Port…
Petroleum Marine Services and ABL Group Launch Unified Rig Movement Service for Red Sea Operations
Petroleum Marine Services (PMS) has launched a unified offshore rig movement service covering the Red Sea and Gulf of Suez…
ExxonMobil Commits $3 Billion to Extend Angola’s Block 15 Operations Through 2037
ExxonMobil will invest three billion dollars to extend the operational lifespan of Block 15 in Angola, following the signing of…
Egypt’s Petroleum Ministry Partners with Suez Canal Authority on LNG Bunkering Station to Create Green Shipping Corridor
The Ministry of Petroleum and Mineral Resources (MoPMR) has signed a Memorandum of Understanding with the Suez Canal Authority (SCA)…
Kenya Approves Historic $6.1 Billion Oil Production Plan After 13-Year Delay
Kenya has resuscitated its long-stalled oil production ambitions after the government finally approved the South Lokichar Basin Field Development Plan,…