AfrOil - Africa Oil & Gas

Equatorial Guinea explores $2bn financing deal with Trafigura to revitalise hydrocarbon sector

Equatorial Guinea has initiated discussions with Trafigura Group, exploring the potential for $2bn in financing to enhance the country's hydrocarbon sector.

Nigerian Navy seizes over 60 vessels in intensified crackdown on oil theft

In a concerted effort to combat oil theft and secure Nigeria’s oil resources, the Nigerian Navy has intensified its operations, resulting in the seizure of over 60 vessels involved in illegal activities over the past six months.