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President Delcy Rodríguez signed strategic agreements with international consortia to develop the Loran Field, Block 2, in the Plataforma Deltana.The project aims to increase gas output, strengthen Venezuela’s energy industry…

Crude oil prices started the week higher after Iran said the Strait of Hormuz would remain closed until the United States meets six sweeping demands for a peace deal, while…

Nigeria, Africa's largest oil producer, intends to outpace major global markets like the US, Iran, China, and Iraq with the world's most ambitious grassroots refinery pipeline. According to data from…

As of July 2026, the East African Crude Oil Pipeline (EACOP) connecting Uganda and Tanzania has reached 90% overall progress, with over 1,443 kilometres of pipeline welded across both nations.…

The Lake Albert Development Project in Uganda's Albertine Graben holds an estimated 6.5 billion barrels of oil reserves, with 1.4 billion barrels deemed economically recoverable. Managed through a joint venture…

Crude oil prices have surged up to 2% to reach a one-month high following a breakdown of the June truce and a sharp escalation in military actions between the United…

Chinese refiners are cutting back on Saudi term crude purchases for August as weak domestic demand, steeper discounts from rival producers, and renewed disruption in the Strait of Hormuz weigh…

ExxonMobil and its consortium partners have officially committed $1 billion to the Usan Infill Project offshore Nigeria. Announced by Jagir Baxi, Managing Director of ExxonMobil affiliates in Nigeria, at the…

The Kuwait Oil Tanker Co (KOTC) flotilla has anchored off Sohar, Oman, as a direct result of the high-stakes maritime blockade and near-total closure of the Strait of Hormuz.Following military…