Latest Stories

GALP secures extension for exploration of PEL 83 offshore Namibia

28 June 2022

Namibia’s Ministry of Mines and Energy has reportedly agreed to give Portugal’s Galp and its partners more time to prepare for exploration work at the PEL 83 licence area offshore Namibia.

NNPC data show huge increase in Nigerian gasoline subsidies in 5M 2022

28 June 2022

The Nigerian government spent nearly three times as much on domestic gasoline subsidies in the first five months of 2022 as it did in the same period of last year, according to the national oil company.

Eco Atlantic to acquire another 6.25% in Block 3B/4B offshore South Africa via Azinam

28 June 2022

UK-based Eco (Atlantic) Oil & Gas has arranged to increase its stake in Block 3B/4B offshore South Africa through a farm-out deal involving its wholly-owned subsidiary Azinam.

Tug of war emerging over what role Iran (and its oil) should play in new world order

27 June 2022

France calls for efforts to get Iranian oil back on the market as Tehran re-enters nuclear deal talks, Tehran says it has applied to join BRICS and Israel secretly discusses defence coordination against Iran with Saudi Arabia.

Nigeria to hand marginal oilfield licences to local companies on June 28

27 June 2022

Nigeria will issue prospecting licenses to companies that won the right to develop marginal oilfields, the Nigerian Upstream Petroleum Regulatory Commission has revealed.

Congolese oil workers to go on hunger strike over pay

27 June 2022

Oil workers in Congo are to go on hunger strike over low pay and other demands that have not yet been met by the government.

South Africa: Eskom continues stage 4 load-shedding, blames unlawful labour protests

27 June 2022

South Africa: Eskom continues stage 4 load-shedding, blames unlawful labour protests