The Tema Oil Refinery (TOR) has said disciplined shipping schedules and tighter operational controls are beginning to pay off with storage tanks now fully stocked, a visible sign that the revived state-owned refinery is regaining operational efficiency after years of underperformance.
Libya has started drilling its first deepwater oil and gas exploration well in the Gulf of Sirte, marking a new step in the country’s offshore energy strategy. The operation is part of a project involving Italy’s Eni, BP, the Libyan Investment Authority, and the National Oil Corporation, according to Libyan media reports on January 17.
DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana.
Philippines President Ferdinand Marcos said on Monday (Jan 19) that a “significant” discovery of natural gas had been made near the country’s sole producing offshore site.
Seplat Energy Plc has reiterated that oil and gas will continue to play a critical role in Nigeria’s energy mix, stressing the need for operators to conduct their activities responsibly, efficiently, and sustainably.
A senior Syrian government official said a team from the energy ministry was already on the ground to assess the state of major oil fields and the Conoco gas field in Deir al-Zor, although there were no immediate results available yet.
he U.S. Geological Survey has assessed significant undiscovered oil and gas resources in the Woodford and Barnett shales of the Permian Basin, finding 28.3 trillion cubic feet of technically recoverable gas and 1.6 billion barrels of oil.
Some Oil Marketing Companies have begun reducing fuel prices at the pumps from today, January 16, 2026. The development follows industry projections that petroleum product prices were expected to fall by more than three per cent per litre in the current pricing window.
The Ministry of Petroleum and Mineral Resources of Egypt said that several oil and gas companies operating in Egypt have drilled several wells in their concession areas in the Western Desert, Eastern Desert and the Nile Delta, including five new exploratory wells. In a statement, the ministry said the new wells are expected to add […]
Lower crude oil prices have seen motorists benefit from a drop in the cost of diesel and petrol at the pumps.