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.
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.
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.
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.
Mozambican President Daniel Chapo expects TotalEnergies SE’s $20 billion liquefied natural gas project to restart as early as this month, reviving a potentially key revenue source for the cash-strapped government.
The U.S. Treasury Department on Wednesday extended a license by more than a month – until February 28 – for companies to talk with Russian energy company Lukoil (LKOH.MM), opens new tab about buying its foreign assets.
Nigeria is betting on green finance to drive its energy transition with the president unveiling plans for a $2 billion climate fund on Tuesday, saying oversubscribed green bonds were proof of investor appetite.