Senegal lifts oil output forecast after strong shipments
Three major crude oil shipments totalling 2.9m barrels were exported in August Annual production forecast raised by nearly 13% to 34.5m barrels DAKAR, SENEGAL – Senegal has revised its oil production outlook sharply upward after shipping nearly three million barrels of crude in August, in a boost to state revenues from the West African […]
Western oil majors double down on Nigeria’s offshore fields
TotalEnergies signs $1.5bn deal in Nigeria’s first new permits in a decade Shell, ExxonMobil commit billions to offshore projects under new incentives LAGOS, NIGERIA – Western energy giants are tightening their grip on Nigeria’s offshore oil reserves, pouring billions into exploration and production as the government rolls out fiscal incentives to revive a struggling […]
TotalEnergies Exits Burkina Faso After 71 Years, Sells Assets to Coris Investment
French energy giant transfers operations to Burkinabè businessman Nassa Idrissa Move follows earlier asset sale in Mali amid shifting geopolitical landscape Ouagadougou, Burkina Faso – TotalEnergies has ended its more than seven-decade presence in Burkina Faso, selling its assets to Coris Investment Group, owned by Burkinabè businessman Nassa Idrissa. The sale marks a strategic expansion for […]
Nigeria Surpasses 1.8 Million bpd Oil Output, Exceeding OPEC Quota
Nigeria’s oil production reaches 1.8 million barrels per day, surpassing its 1.5 million bpd OPEC quota. Boost in gas production supports infrastructure, including the AKK pipeline. Lagos, Nigeria – Nigeria has raised its crude oil output above 1.8 million barrels per day (bpd), exceeding the 1.5 million bpd quota set by OPEC, which the country struggled […]