Tag: Gas
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African economic growth threatened as oil prices surge
High oil prices, driven by the Middle East war, are threatening African economic growth and increasing costs for everyday goods and transport. Regional energy experts warn this could cut three percentage points off continental growth. Rising prices are straining household budgets and pushing up inflation, with many African countries having low fuel reserves. Solutions like…
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π³π¬ Oil Spill Reported at Shell Terminal in Nigeria’s Delta Region
A significant oil spill has been reported at Shellβs Bonny loading terminal in Nigeria’s Delta region following a pipeline rupture, according to the Nigerian Maritime Administration and Safety Agency (NIMASA). The incident, which occurred on Saturday, has caused oil to spread to the shoreline, raising concerns about environmental and community impact. NIMASA confirmed that it…
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π³π¦ Gas may dash Big Oil’s Namibian dreams
International companies and the government of Namibia had high hopes only months ago they could quickly cash in on offshore discoveries and turn the country they saw as the world’s last frontier of untapped oil into a prolific producer. They have since hit a major complication: an unexpectedly high percentage of gas in the fields,…
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Big Barrels: African Oil and Gas and the Quest for Prosperity
Big Barrels takes aim at the perception that in Africa oil and gas can do no good. For decades, resource wealth in Sub-Saharan Africa has been synonymous with corruption and dysfunction. The reality is far more complex and generally more encouraging. In a series of eight case studies Big Barrels looks at what African nations…
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NOCAL Liberia: Latest Developments
NOCAL (National Oil Company of Liberia) has been making significant strides in the country’s oil and gas sector. Here are some of the latest developments: Partnership with TGS: NOCAL has partnered with surveying services firm TGS to reprocess multi-client seismic data offshore Liberia. This collaboration aims to explore the untapped potential of Liberia’s offshore resources.…
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