Nigeria to spend N581 million to fortify waterways
23 October 2019 | 8:14 am
The Federal Executive Council (FEC) meeting on Wednesday approved N5.4 billion for the construction of Oil and Gas parks and indoor shooting range.
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Uganda on Tuesday commissioned the first of its four planned oil rigs and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay.
More than 13,000 Nigerian residents take Shell to court over oil spills. The claim from 11,317 people and 17 institutions in the Niger Delta area of Ogale was filed last week, according to Leigh Day, the U.K. law firm representing the plaintiffs.
The Big Oil bonanza keeps on coming, as France's TotalEnergies rounds out a week of record profits. Oil and gas giants have faced growing criticism about their environmental impact, as well as calls to pay higher taxes while households and businesses struggle with high energy prices.
The five largest Western oil firms announced nearly $200 billion in profits after the Ukraine war sent energy prices soaring. As China reopens, oil demand is likely to stay strong, alongside calls for windfall taxes.
Social media users claim that the devastating Turkey-Syria earthquake also damaged a major gas pipeline that supplies Europe with Azerbaijani gas, now leaving the continent at risk of a shortage due to the destruction. But what's true and what's fake? We take a closer look in this edition of Truth or Fake with Vedika Bahl.
In a bid to tackle the energy crisis, Dutch authorities have approved offshore drilling for gas in the North Sea. The first gas is set to be extracted in 2024, but the project has sparked controversy on the surrounding islands. Residents fear that drilling for gas will damage the exceptional biodiversity of the area, pollute the Waddenzee - a UNESCO world heritage site - and threaten the islands main source of income, tourism.
A French court has rejected a demand to suspend a controversial oil and gas project largely owned by energy giant TotalEnergies in East Africa. But a lesson could be drawn from the verdict.
Germany has said it wouldn't be buying Russian crude oil this year as it weans itself off its erstwhile biggest energy supplier. But an oil deal with Kazakhstan means Moscow would continue to hold some sway over Berlin.
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
Tunisia is one of the biggest olive oil producers in the world. Now one company has found a way to use the considerable leftover biomass from making the oil by turning it into heating briquettes.
Saudi Arabia's national oil producer Aramco achieved "record" profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices.
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