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COP27: United Kingdom to provide Two Hundred Million Pounds to Support Africa

The government of the United Kingdom has declared that it will contribute an additional £200 million to help African nations adapt to the effects of climate change. The pledge, which...
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Eni and Sonatrach Algeria Announce Start of Production in Berkine Basin

The HDLE/HDLS oil field, which is connected to the Zemlet El Arbi contract and is situated in the Berkine basin about 300 kilometres south-east of Hassi Messaoud, has begun production,...
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COP27: Developing Nations Blame IOCS and Western Nations for Global Warming

In their addresses on Tuesday at the COP27 climate meeting in Egypt, leaders from developing nations accused affluent nations and oil firms of causing global warming and demanded compensation for...
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Musings on Marble – 7/11/2022

MERITS OF PARTNERSHIPS The concept of joint partnership in business is one I hesitate to promote merely because I have seen a lot of people start out brilliantly as partners...
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Uganda Gets ACP-EU Support for EACOP

The 1,443-kilometer-long East African crude oil pipeline project (EACOP), which will be built between the oil wells in Uganda's Western Region and the seaport of Tanga in Tanzania, has received...
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TotalEnergies to Invest US$3 Billion in Angolan Oil Exploration

The French oil giant, TotalEnergies, has committed $3 billion to renewable energy and oil exploration projects in Angola. The chief executive of the French multinational energy company, Patrick Pouyanné, disclosed...
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Libya agrees with ENI and BP to Produce Gas in the Mediterranean

Farhat Bengdara, the chairman of the Libyan National Oil Corporation (NOC), announced that he had reached an agreement with British Petroleum (BP) and the Italian oil company Eni to begin...
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Saudi Arabia and UAE Push for Increased Oil Production Days before COP 27

Days before the start of the COP27 climate summit in Egypt next week, Saudi Arabia and the UAE have declared that oil continues to be a key component of the...
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Daewoo E&C Submits Letter of Intent to Renovate Kaduna Refinery

In the presence of Nigerian President Muhammadu Buhari, South Korean developer Daewoo E&C and its Nigerian counterpart signed a letter of intent to renovate the Kaduna Refining and Petrochemical Company...
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The World Needs Russian Oil – IEA ED

The International Energy Agency's (IEA) Executive Director, Fatih Birol, stated at the Singapore International Energy Week on Tuesday that even with the proposed price cap, the world's oil market will...
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