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Empire Petroleum doubles revolver loan commitment to support North Dakota production

Empire Petroleum Corporation announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank, increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December […]

OPEC+ postpones output policy meeting to Dec 5

A summit of Gulf Arab countries is due to be held in Kuwait City on Dec. 1 which several OPEC+ ministers plan to attend, OPEC said in a statement. “Sunday does not suit everyone,” a […]

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African Energy Chamber endorses inaugural Congo forum, boosting momentum for oil and gas growth

The African Energy Chamber (AEC) has voiced its support for the inaugural Congo Energy & Investment Forum (CEIF), set to take place in March 2025. Unveiled during African Energy Week: Invest in African Energies in […]

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McDermott achieves ISO 50001 certification for energy management at four fabrication yards

McDermott has received the International Organization for Standardization (ISO) 50001 certification for energy management at four of its major fabrication yards: the Batam Fabrication Yard (BFY) in Indonesia, the Jebel Ali Fabrication Yard (JAY) in […]

Oando’s recurring oil spills devastate environment in Ogboinbiri community

*Crude oil from Oando facility runs through Ogboinbiri community Mkpoikana Udoma Port Harcourt — Ogboinbiri community is in crisis as recurring oil spills from Oando Plc’s Ogboinbiri/Tebidaba pipeline in Southern Ijaw Local Government Area, Bayelsa […]

Reactions trail NNPCL oil spill in Bonny Island, as stakeholders demand action

*Crude oil from NNPCL facility spreads into creeks and community on Bonny Island, Rivers State Mkpoikana Udoma Port Harcourt — Reactions have begun to trail the recent oil spill in Iloma Community, Bonny Island, as stakeholders, […]

OPEC+ production cuts may have caused irreparable rival supply, Iran official says

(Bloomberg) – OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said. “This strategy […]

Port Harcourt refinery begins truck-out of products after 20 years

Port Harcourt Refinery Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company, NNPC Ltd. says it has fulfilled its pledge of re-streaming the Port Harcourt Refining Company, signaling the commencement of crude oil processing from […]

NUPRC engages stakeholders on section 94 of PIA

Oritsegbubemi Omatseyin Lagos — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has convened a stakeholders’ engagement focused on the application and implications of Section 94 of the Petroleum Industry Act, PIA, 2021. The session, chaired by […]

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University of Oklahoma awarded $18.7M grant by DOE for subsurface carbon storage

A team of researchers from across the University of Oklahoma Mewbourne College of Earth and Energy, Los Alamos National Laboratory, with industry partners, have been awarded an $18.7M grant from the U.S. Department of Energy […]