ExxonMobil has signed a non-binding memorandum of understanding with Venezuela’s state-owned PDVSA to evaluate potential upstream…
Tag: Oil and Gas
EFCC Uncovers Suspected Illegal Diesel Refinery in Ogun, Investigates Chinese Operators
The EFCC has uncovered a suspected illegal oil refinery in Ogere, Ogun State, allegedly linked to…
Nigeria Offers Fiscal Incentives to Attract Fresh Oil and Gas Investment
Nigeria is introducing fiscal incentives, stronger security and regulatory reforms to attract fresh investment into its…
Aramco Profit Jumps 34.5% Despite Attacks
Saudi Aramco recorded a 34.5% increase in third-quarter net profit to $36.25 billion, driven by higher…
NSCDC Arrests Five Over Illegal Diesel Refinery in Kano
NSCDC operatives uncovered an illegal diesel refinery in Panisau, Ungogo Local Government Area of Kano State,…
Africa Energy Bank Begins Operations with $5bn Capital, Experts Seek More Funding
The Africa Energy Bank has begun operations with $5bn in authorised capital, four years after APPO…
Microsoft Promotes AI Adoption Across Africa’s Energy and Mining Sectors
Microsoft is promoting AI tools to improve predictive maintenance, asset optimisation and operational efficiency across Africa’s…
Nigeria’s Oil Output Hits 1.72m Barrels per Day in September
Nigeria’s combined crude oil and condensate output rose 2.34% to 1.717 million barrels per day in…
EU Considers Windfall Tax on Oil and Gas Profits
The European Union is examining a bloc-wide windfall tax on oil and gas companies as soaring…
Oil Prices Rise as Saudi Attacks Raise Supply Concerns
Brent crude hits a near two-week high as attacks on Saudi Arabia raise supply concerns. Tanker…