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Engie first quarter profit drops on lower gas sales

The company, which makes most of its income from producing, transporting and selling gas and electricity, said earnings before interest and tax (EBIT), excluding nuclear, totalled 3.7 billion euros ($4.02 billion), versus 3.8 billion euros […]

Putin says oil pipeline could run alongside planned new gas link to China

Putin, wrapping up a two-day visit to China, said he and his hosts had confirmed their interest in moving forward with the proposed gas pipeline, the Power of Siberia 2. “Moreover, it’s possible to lay […]

Presidential backing secured for marketing of oil blocks, says Komolafe

*Engr, Gbenga Komolafe Oritsegbubemi Omatseyin Lagos — The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr. Gbenga Komolafe, has declared that the marketing of the nation’s oil blocks has gained firm backing […]

Fire at Apapa fuel tank farm

…NNPC denies owning facility, says it belongs to Honeywell *Fire Lagos — A fire has been reported at a fuel tank farm in Apapa, Lagos with the Nigerian National Petroleum Company, NNPC, saying the facility […]

Benin provisionally reverses ban on oil exports from Niger

*Map showing Niger’s oil exports pipeline running through Benin Republic. Cotonou — Benin has provisionally reversed its decision to block exports of crude oil from Niger via its port and agreed to hold a meeting […]

Oil prices rise after positive US economic data

*Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. […]

Exploring Earth’s Processes: A Guide to Becoming a Geologist or Geophysicist

Are you fascinated by the Earth’s structure and intrigued by the forces that shape our planet? A career as a geologist or geophysicist may be the perfect fit for you. These professionals play a crucial […]

Nigeria’s relaunched licensing round features 12 oil block

*Dr. Kelechi Ofoegbu, NUPRC Executive Commissioner. Paris, France — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) relaunched Nigeria’s 2024 licensing round features 12 deep offshore and shallow water blocks oil blocks – including 5 blocks […]

OPEC champions Africa & South-South cooperation at IAE 2024

*OPEC Director of Research Dr. Ayed S. Al-Qahtani. Paris, France — High-level OPEC officials unpacked the Organization’s short- to long-term crude oil market perspectives in a special session at the Invest in African Energy forum […]

Panoro, Perenco provide Gabonese projects update at IAE 2024

*Panoro Energy confirms oil at Hibiscus South Extension Paris, France — Independent E&P company Panoro Energy made a discovery at the DHBSM-2P pilot well on the south extension of the Hibiscus South field in Gabon’s […]