The IMF forecasts a 1.3% economic contraction across the Middle East, North Africa and Pakistan in…
Tag: Oil Production
Delta Community Shuts Chevron Oil Wells Over Alleged Marginalisation
Ifie-Kporo residents shut operations at two Chevron-operated oil wells in Delta State, demanding recognition as a…
Libya Oil Revenues Surpass $2 Billion As Output Rises
Libya produced more than 43 million barrels of crude oil in August 2026, up 1.55 million…
Nigeria’s Vast Oil Reserves Still Underutilised
Heirs Energies CEO Osayande Igiehon said Africa’s substantial hydrocarbon resources have not translated into sufficient production,…
Senegal Targets Lower Costs With Domestic Gas Production
Senegal plans to expand domestic gas use for power generation to reduce reliance on costly imported…
Petrobras Signs Eight Offshore Exploration Deals In Ivory Coast
Petrobras signed production-sharing contracts covering eight offshore exploration blocks in the Ivory Coast. The agreements strengthen…
FG Rejects Return to Fuel Subsidies Amid Global Price Surge
Federal Government (FG) is maintaining market-based fuel pricing despite global moves to cushion rising energy costs.…
New Tax Incentive Targets $50bn Deep Offshore Investment
Nigeria’s new deep offshore tax incentive could unlock up to $50 billion in oil and gas…
FG Revives NNPC Listing Plan to Boost Oil, Gas Investment
President Bola Ahmed Tinubu revives plan to list NNPC on the NGX to attract fresh investment…
Senegal’s 2025 Oil Output Beats Forecasts at 36.1m Barrels
Senegal exceeded its 2025 crude oil production targets and reinforced its emergence as a new energy…