Tag Archives: Africa

As the conflict in Ukraine continues, several African states could stand to benefit from rising oil prices as many countries look to develop their burgeoning oil sectors. With Big Oil eying several African countries as potential development areas for low-cost, low-carbon oil, this could be the opportunity they have been …

Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company’s purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell’s exploration will be focused on core positions with an emphasis on …

Samsung Heavy Industries Co., the world’s second-biggest shipbuilder by orders, said Wednesday it has won a 815 billion-won ($734 million) order to build four liquefied natural gas ships for an African customer. Samsung Heavy plans to supply the ships by May 2024, the company said. Since Monday, the company has …

The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not …

A new report suggests the African continent could satisfy a quarter of all its energy need from renewable power within a decade.

APPO members have committed to cutting daily oil production to 10 million barrels a day, with effect from May 1 2020.

UK aid-funded platform Energise Africa has already helped to reduce Africa’s annual carbon dioxide emissions by 100.000 tonnes.

Algeria. which produced nearly 2.7 million tonnes of petrol in 2019. had to import this fuel to meet the needs of the national market.

The new facility is expected to help the country achieve its 2022 clean energy goal.

An Iranian cooperative company has managed to produce and export nano-Zinc-oxide-containing petroleum jelly capable of absorbing ultraviolet radiation.