British oil company Tower Resources prepares for the NJOM-3 well in Cameroon’s Thali block. The company…
Tag: Crude Oil
Nigeria’s Export Market Hits ₦59.44tn, Energy, Petroleum Oils Lead
Nigeria’s trade landscape has shifted dramatically in 2024, with Africa emerging as the country’s largest export…
U.S. Crude Reserves Soar to 8.7M Barrels, Defying Market Projections
U.S. crude oil inventories surged by 8.7 million barrels last week, exceeding market expectations. Analysts predicted…
China Tariff Retaliation Targets its Modest US Energy Imports
China has made plan to slap retaliatory tariffs on imports of US crude oil, liquefied natural…
NNPCL Exports Utapate Crude Oil Blend
Nigeria’s crude oil production and revenue generation, the Nigerian National Petroleum Company Limited (NNPC), has introduced…
Dangote Refinery is Looking to Get Crude Supplies From Libya and Angola
Nigeria’s Dangote refinery is negotiating with Libya and Angola to secure crude oil supplies for its…
Libya Emerges Africa’s Highest Crude Oil Producer
Libya has emerged as Africa’s highest crude oil producer following the drop in Nigeria’s output by 6.8 per…
TotalEnergies Commences Oil Production at Akpo West Field
TotalEnergies and its partners have announced the commencement of oil production from the Akpo West field…
Afreximbank Confirms Disbursement of $2.25bn Crude Oil Prepayment Facility
The African Export-Import Bank (Afreximbank) has confirmed the initial disbursement of $2.25 billion out of the…
NUPRC to Implement PIA, Increase Crude Oil Production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it will prioritise the implementation of the…