Blog
CHEVRON'S $1 BILLION ANNUAL SPENDING BOOSTS NIGERIA'S OIL AND GAS SECTOR DEVELOPMENT.
Chevron's annual spending of approximately $1 billion on Nigerian suppliers is vital for the growth and sustainability of the country's oil and gas sector. The company remains committed to fostering local capacity, creating job opportunities, and supporting Nigeria’s long-term economic development through strong partnerships and investments.
- 1 year, 5 months
SHELL AND EQUINOR TO FORM UK OIL AND GAS JOINT VENTURE.
Shell and Equinor are merging their UK offshore oil and gas assets into an equal joint venture, expected to produce over 140,000 barrels of oil equivalent per day, with the deal to be finalized by 2025. The new entity will become the largest independent producer in the British North Sea, while both companies retain control over specific assets, including offshore wind and carbon capture projects.
- 1 year, 5 months
AFRICAN ENERGY CHAMBER URGES IVORY COAST TO CONTINUE BEING A HOME OF OIL & GAS (O&G) INVESTMENT.
Ivory Coast is becoming a major force in West Africa’s oil and gas sector, attracting significant investments through strong policies, local content initiatives, and innovative partnerships. With key projects like the Baleine field and new discoveries such as the Calao find, the country is positioning itself as a regional energy hub while focusing on sustainability and economic growth.
- 1 year, 5 months
SAIPEC 2025 CONFERENCE TO HIGHLIGHT MULTIBILLION OIL, GAS POTENTIALS.
SAIPEC 2025 will showcase multi-billion-dollar opportunities in Africa's oil and gas sectors, bringing together industry leaders and stakeholders. The conference will focus on advancing Africa's energy ambitions, promoting local content, and fostering partnerships across the continent.
- 1 year, 5 months
OIL RISES ON FEARS ABOUT LEBANON, FURTHER OPEC+ SUPPLY CUTS.
Oil prices rose over 2% due to rising tensions in Lebanon and the potential extension of OPEC+ supply cuts. While geopolitical risks in the Middle East and production cuts are supporting prices, weak global demand and rising U.S. inventories point to downward pressure on oil in the longer term.
- 1 year, 5 months
ALGERIA AND QATAR FACE SCRUTINY OVER LNG EMISSIONS IN EUROPE'S ENERGY SHIFT.
Algeria and Qatar, among Europe’s top LNG suppliers, are under scrutiny for high emissions linked to their gas exports. Reports highlight the environmental impact of LNG, raising concerns about its role in Europe’s transition to cleaner energy.
- 1 year, 5 months
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