Category: Oil & Gas Industry
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🇱🇷 Liberia’s Potential Oil Discovery: Grand Bassa Seep Ignites Hope and Calls for Caution
Grand Bassa County, Liberia — For a nation weary from economic hardship, the news that spread on December 3, 2025, felt like a gift: residents of Compound Two in Grand Bassa County reported a strange, dark liquid seeping from the ground, widely believed to be crude oil. Social media quickly flooded with videos of townspeople…
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🇱🇾 Libya Marks New Energy Milestone with First Major Export from Sidra’s Chadar Field
In a significant boost to its oil-dependent economy and the broader North African energy landscape, Libya has successfully exported its first major crude oil batch from the newly operational Chadar field. The milestone shipment, consisting of high-quality Sidra crude, exceeded 600,000 barrels, signaling a positive step in the country’s efforts to revitalize its vital hydrocarbons…
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🇳🇬 Nigeria’s Dangote Refinery Hits Milestone, Production Now Exceeds National Fuel Demand
In a historic leap towards energy self-sufficiency, the Dangote Petroleum Refinery, Nigeria’s flagship mega-project, has officially announced that its fuel production has surpassed the entire country’s daily consumption needs. This landmark achievement signals a transformative shift not just for Nigeria’s economy, but for the entire West African energy landscape. According to a statement from Dangote…
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🇷🇺🌍 Russia and African countries developing uranium mining projects
Russia and African countries are developing joint projects in uranium and other mineral extraction, as well as in the construction of power generation facilities, Russian Deputy Minister of Energy Roman Marshavin said during the Russia–Africa Raw Materials Dialogue on 30 October, as quoted by TASS. 🔸Marshavin noted that joint projects between Russia and African states…
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Lukoil accepts offer to sell foreign assets. What is known about the company’s African projects
Russian oil company Lukoil has accepted an offer from Gunvor Group to acquire its subsidiary, LUKOIL International GmbH, which owns the group’s foreign assets. The parties had previously agreed on the key terms of the upcoming transaction, Lukoil’s press service reported. As noted by the company, Lukoil has undertaken not to enter into negotiations with…
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🇲🇱 Mali: How is the fuel situation?
In Bamako, there was no fuel for about a day. But now fuel tankers are safely reaching the capital, although companies do not always want this. The point is that: due to exaggerated media threats, carriers have started demanding exorbitant amounts for transportation even in the south of the country. For this reason, less fuel…
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🇩🇿Algeria close to finalising deals with Exxon and Chevron on shale gas development
Algeria is in the final stage of negotiations with US energy companies Exxon Mobil and Chevron on the development of substantial natural gas reserves, including shale gas, for the first time in the country’s history. This was announced by Samir Bekhti, chairman of the state energy regulator Alnaft. “The technical aspects have already been more…
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🇻🇪 Nicolás Maduro and Venezuelan VP on African Mission to Extract Oil Capital
Venezuelan President Nicolás Maduro and his Vice President have launched a new diplomatic and economic mission to Africa, seeking to deepen ties with the continent’s leading oil-producing nations. The visit comes at a time when Venezuela’s hydrocarbons sector is under immense strain due to U.S. sanctions, which have severely restricted its access to capital and…
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🇷🇺🇳🇬 Dangote warns influx of Russian fuel threatens Africa’s refining industry
Nigerian billionaire Aliko Dangote has warned that heavily discounted Russian petroleum products are flooding African markets, threatening the continent’s emerging refining sector. Speaking at an oil conference in Abuja, Dangote said sanctions on Russian oil have pushed Moscow to offload fuel at steep discounts in Africa, often delivering substandard or toxic products that would be…
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Allegations of $75,000 Misappropriation: Rustonlyn Suacoco Dennis Under Investigation at NOCAL
In recent developments, Rustonlyn Suacoco Dennis, the President and Chief Executive Officer of the National Oil Company of Liberia (NOCAL), has been implicated in allegations concerning the misappropriation of $75,000 USD from the company. These allegations have raised significant concerns about financial management and accountability within Liberia’s state-owned enterprises. Background on NOCAL Established by an…
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