Tag: Oil
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President Tinubu’s Nephew Didn’t Buy NNPC Ltd.—He Just Inherited the Oil Stains and Office Chair
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President Tinubu’s nephew isn’t leading a corporate takeover; it’s just a strategic merger of NNPC Ltd. and OVH Energy, not a family acquisition. In the latest twist of Nigerian oil and gas drama, you might have heard that President Bola Tinubu’s nephew, Wale Tinubu, acquired NNPC Ltd. Sounds juicy, right?…
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NNPC E&P Ltd. and NOSL Celebrate First Oil in OML 13, Akwa Ibom State
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NNPC E&P Ltd. and NOSL have begun oil production at OML 13 in Akwa Ibom State, Nigeria, starting at 6,000 barrels per day and aiming for 40,000 barrels per day by May 27th, 2024. This marks a key step in Nigeria’s oil and gas sector, showcasing their commitment to growth,…
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Chad Shocks Oil Industry: Nationalizes Exxon Mobil Assets
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Exxon Mobil, the multinational oil giant, faces a startling development as Chad announces the nationalization of all its assets, including vital permits for hydrocarbon exploration. This unexpected move has sent shockwaves through the energy sector, catching many off guard and raising significant concerns. Experts are wary of the impact this…
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Galp Energia’s Namibian Oil Discovery: A Game-Changer for East Africa
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Namibian Oil is making waves in the energy industry, with Galp Energia’s recent discovery in the Mopane field off the coast of Namibia. The Portuguese oil company’s exploration efforts have uncovered significant light oil columns in high-quality reservoir sands, indicating the potential for at least 10 billion barrels of oil.…