African economies dependent on oil are stagnating, growing at half the rate of the rest of the region. The IMF highlights a lack of diversification and investment as key factors behind this lag.
African economies dependent on oil are stagnating, growing at half the rate of the rest of the region. The IMF highlights a lack of diversification and investment as key factors behind this lag.
Benin intensifies efforts to attract investors in the offshore oil sector. TGS begins 3D seismic surveys to identify new offshore oil prospects in Beninese waters.
Benin intensifies efforts to attract investors in the offshore oil sector. TGS begins 3D seismic surveys to identify new offshore oil prospects in Beninese waters.
Nigeria and its oil partners, including Shell, must make a final investment decision on the offshore Bonga North project by the end of 2024, aiming to increase reserves and national production.
Nigeria and its oil partners, including Shell, must make a final investment decision on the offshore Bonga North project by the end of 2024, aiming to increase reserves and national production.
Chevron and the Nigerian National Petroleum Corporation (NNPC) announce a significant oil discovery in the Niger Delta, thereby reinforcing their commitment to a region marked by the withdrawal of international oil companies.
Chevron and the Nigerian National Petroleum Corporation (NNPC) announce a significant oil discovery in the Niger Delta, thereby reinforcing their commitment to a region marked by the withdrawal of international oil companies.
Africa is resolutely moving towards a renewable energy transition, combining economic growth with addressing the energy needs of 1.5 billion inhabitants. This evolution presents both strategic opportunities and complex challenges.
Africa is resolutely moving towards a renewable energy transition, combining economic growth with addressing the energy needs of 1.5 billion inhabitants. This evolution presents both strategic opportunities and complex challenges.
Gasoline exports to Nigeria have sharply dropped in October, as the Dangote refinery operates at half capacity, risking a fuel deficit without additional imports.
Gasoline exports to Nigeria have sharply dropped in October, as the Dangote refinery operates at half capacity, risking a fuel deficit without additional imports.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
The price of gasoline in Nigeria, Africa's most populous country, has surged again, reaching 998 nairas ($0.62) per liter. This rise follows a previous 45% increase in September, fueling an ongoing economic crisis.
The price of gasoline in Nigeria, Africa's most populous country, has surged again, reaching 998 nairas ($0.62) per liter. This rise follows a previous 45% increase in September, fueling an ongoing economic crisis.
Nigeria seeks to attract between 5 and 10 billion USD in investments to develop its deepwater gas sector, supported by regulatory reform aimed at making the sector more attractive to foreign investors.
Nigeria seeks to attract between 5 and 10 billion USD in investments to develop its deepwater gas sector, supported by regulatory reform aimed at making the sector more attractive to foreign investors.
TotalEnergies announces an increase in its oil and gas production until 2030, despite pressures to reduce fossil fuels. CEO Patrick Pouyanné defends this strategy amid climate challenges.
TotalEnergies announces an increase in its oil and gas production until 2030, despite pressures to reduce fossil fuels. CEO Patrick Pouyanné defends this strategy amid climate challenges.
