Thursday, July 30, 2026
CNOOC revenues hit $3.71 bn in H1 despite stagnant crude output
China National Offshore Oil Corporation (CNOOC) said on Thursday its profits hit $3.71 billion (25.48 billion yuan), climbing 57 percent...
Read moreDetailsAfrica seen as future of oil and gas industry despite challenges
Africa has never really had a strong voice in shaping global oil and gas industry despite being home to 8...
Read moreDetailsExxonMobil expands in Africa, acquires stake in block offshore Namibia
ExxonMobil Namibia, an affiliate of Exxon Mobil Corp., has entered an agreement with Namibian explorer Azinam Ltd. to acquire a...
Read moreDetailsImportation problem not going away soon
Domestic petrol Nigeria’s quest to stop the importation of refined petroleum products by 2020 appears to need a reconfiguration in...
Read moreDetailsIran accuses OPEC, allies of improper distribution of crude production quotas
Iran is accusing the organization of petroleum exporting countries (OPEC) and its allies of improperly redistributing crude oil production quotas,...
Read moreDetailsNigeria to tap alternative financing options for its JV operations
Nigeria is looking into alternative financing options to fund its Joint Venture (JV) obligations as the state owned oil company...
Read moreDetailsOPEC, IEA seeing differently on outages, sanctions
International energy bodies have offered differing positions on the expected impact of sanctions and production outages in Iran, Venezuela, and...
Read moreDetailsNigeria’s crude production rises slightly in July as Shell lifts force majeure on Bonny light.
Nigeria's crude oil output rose slightly by 50,000 barrels per day in July, as a result of the lifting of...
Read moreDetailsTotal signs agreement with Tata to improve its refinery performance
International oil company, Total of France, Tuesday announced a partnership agreement with Indian based Tata Consultancy Services (TCS) aimed at...
Read moreDetailsGas flaring up slightly in Nigeria but slows down worldwide, says World Bank
Gas flaring by oil and gas companies in Nigeria is still costing Nigeria as much as $2.5 billion annually but...
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