Eight members of the OPEC+ coalition announced on Sunday that they will extend their oil supply cuts until the end of December. This decision is part…
Browsing: Oil
Egypt’s natural gas production has tumbled to its lowest point since February 2018, as per a recent data from the Joint Organisations Data Initiative (JODI), reported…
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais is eager to partner with Namibia and assist the Southern African nation in…
President Bola Tinubu has approved three new directives in the oil and gas sector to introduce fiscal incentives for related projects, reduce contracting costs and timelines,…
The government of Uganda announced on Thursday that the cabinet had approved the energy ministry’s request to sign PSAs with two oil companies, including a subsidiary…
The Democratic Republic of Congo’s decision to auction oil exploration areas next month risks disrupting some of the world’s most critical carbon sinks and jeopardising a…
Oil prices fell on Thursday, as investors worried about declining gasoline consumption in China, the world’s largest oil importer, as a result of COVID-19 regulations. By 04:26…
Tarek al-Mala, Minister of Petroleum of Egypt, on Sunday, revealed that a significant increase in oil prices is negatively affecting the North African country. “The whole…
The Nigerian government says it plans an increase in its domestic refining capacity to 1.4 million barrels per day by 2027. Simbi Wabote, Executive Secretary, Nigerian…
An Sharon Ikeazor, the Minister of Environment in Nigeria, said there were roughly 50,000 to 60,000 barrels of crude oil in the tanker that exploded off…