Nigeria Negotiates Crude Supply Extension for Dangote Refinery
Nigeria is currently in discussions with the Dangote Refinery to extend an existing contract that…
Nigeria’s petrol imports hit N15.42 trillion in 2024 despite refineries.
Nigeria’s petrol imports more than doubled in 2024 despite increased refining capacity, reaching N15.42 trillion,…
African NOCs partner with independents to boost E&P.
African NOCs are evolving into competitive upstream players through privatization, regulatory shifts, and asset expansion,…
U.S. Oil and Gas Industry Payroll Reaches $168 Billion in 2024
The U.S. oil and gas industry payroll reached $168 billion in 2024, up nearly $5…
The USA Won’t Delay Imposing Sanctions on Russia and Iran, Says Bessent
Treasury Secretary Scott Bessent stated that the US is prepared to impose aggressive sanctions on…
Nigeria’s Oil Output Surpasses OPEC’s February Production
Nigeria's oil output in February exceeded its OPEC quota by 70,000 bpd, boosting OPEC’s overall…
Ecuador’s President Noboa Seeks $1.5 Billion Advance for Key Oil Deal
Ecuador’s President Noboa demands $1.5 billion entry fee by March 11 for top oil asset…
EU Commission Plans New Round of Joint Gas Deals
The European Commission launched a second midterm round for AggregateEU, allowing gas suppliers to bid…
Africa Oil Aims to Boost Production in Nigeria
Africa Oil plans to double output to 35,000 bpd by acquiring full control of Prime…
China’s Energy Imports Decline in Early 2025
China's energy imports declined in early 2025 after record coal and gas shipments in 2024…