Sunday, November 3, 2024
24.4 C
Nairobi

Oil & Gas

Libya’s oil production drops 63% with oilfield closures

In a startling turn of events, Libya's oil production has plummeted by a staggering 63% due to recent oilfield...

Egypt to restore oil and gas production to normalcy by 2025

With a commitment to bounce back from recent setbacks and restore its oil and gas production to normal levels...

Uganda explores potential oil reserves in new regions

The East African nation of Uganda is on the brink of a significant development in its oil industry as...

Nigeria and Equatorial Guinea ink deal for gas pipeline project

Nigeria and Equatorial Guinea have joined forces in a groundbreaking agreement that is set to revolutionize gas exploration and...

Tullow Oil posts impressive profit growth in first half of 2024

Tullow Oil, the West Africa-focused oil company, has reported an impressive growth in profits for the first half of...

Egypt secures $340 million to boost oil and gas industry

Egypt continues to make significant strides in bolstering its oil and gas industry, with the recent announcement of securing...

Dangote refinery plans to achieve 550,000 BPD output this year

The Dangote refinery, a monumental investment in Nigeria's energy landscape, is poised to achieve an impressive output of 550,000...

Red Sea ship attacks increase crude oil supply by 47% in Africa

The recent surge in ship attacks in the Red Sea has had significant implications for the global crude oil...

Azule Energy strikes $84.5 million deal with Afentra

Azule Energy, a joint venture between BP and Eni, has struck a significant deal with UK-based energy company Afentra. The...

Senegal vows to revamp oil, gas, and mining contracts

Senegal is making big moves in the oil, gas, and mining sectors as the new Energy and Mines Minister,...

Egypt begins repaying $1.5 billion to foreign companies

Egypt has begun the process of repaying the $1.5 billion in dues it owes to foreign oil and gas...

Will Libya’s oil production make a comeback in attracting investors?

Libya, once a prominent player in the global oil markets, is now seemingly poised for an oil production comeback...