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Bright oil future bolsters bonds for Suriname as TotalEnergies develops highly-anticipated deepwater drilling sites

(Bloomberg) – Anticipation of an oil windfall is making debt from Suriname, a tiny South American nation, one of the best performers in emerging markets this year. Source: TotalEnergies Bonds have jumped 3 […]

Diesel price drops by 5.71% in july to N1,379/litre

Mkpoikana Udoma Port Harcourt — The average retail price of diesel has decreased by 5.71% on a month-on-month basis from N1,462.98 per litre in June 2024 to N1,379.48 per litre in July 2024, according to data […]

Atiku slams Tinubu over secret fuel subsidy payments

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — Former Vice President Atiku Abubakar, has issued a stern demand for clarification from President Bola Tinubu regarding the alleged secret payment of fuel subsidy, contradicting the President’s […]

African oil frontiers: Building a strong platform

*Pecan Energies Ghana CEO Kadijah Amoah. Kadijah Amoah Cape Town, South Africa — There are massive opportunities in emerging African oil territories. As the industry establishes itself, new energy businesses are laying the foundation for […]

SLB, Palo Alto Networks collaborate to strengthen cybersecurity for oil and gas industry

(WO) — SLB and global cybersecurity provider Palo Alto Networks are expanding their collaboration to strengthen cybersecurity for the oil and gas industry. The companies will combine SLB’s cloud and edge technologies and […]

Petrobras to increase oil and gas production offshore Brazil with new digital twin prototype

(WO) – According to Petrobras, the Cidade de Anchieta and P-57 FPSO platforms, operating in the Jubarte field in the Espírito Santo state’s pre-salt and post-salt layers offshore Brail, participated in a pilot project that […]

NNPCL posts N3.3trn net profit, declares N2.1trn dividend

*NNPC Chief Financial Officer, Mr. Umar Ajiya, speaking during the release of NNPC Ltd’s 2023 Audited Financial Statement (AFS) at the NNPC Towers in Abuja, on Monday. Kunle Kalejaye Leeds, England — The NNPC Limited […]

Algeria to supply Lebanon with fuel for power stations

*A view shows the exterior of Lebanon’s Electricity Company and residential buildings during sunset in Beirut, Lebanon November 19, 2022. REUTERS/Issam Abdallah/File Photo. Cairo — Algeria will immediately begin supplying Lebanon with fuel for its […]

Saudi Arabia to scale back oil and gas sector spending, Goldman Sach says

(Bloomberg) — Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. The Gulf […]

Turkey to being oil and gas exploration campaign offshore Somalia in broader African energy strategy

Simon Marks and Mohamed Sheikh Nor. Bloomberg August 16, 2024 (Bloomberg) – Turkey, seeking to extend its influence in Africa and strengthen energy security, will send the 86 m […]