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,…
Browsing: Oil
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…
An Ikemefuna Okafor, chief executive of Nigeria’s Shebah Exploration & Production Company, said an explosion rocked the oil production vessel with 10 crew members on board…
A fire and explosion occurred at a crude oil refinery in Rivers State, Nigeria, killing at least 25 people, including minors, witnesses said on Sunday. According…
The Italian energy group Eni has announced the discovery of 2 billion barrels of oil in the offshore Ivory Coast. The discovery follows a $185 million…