Former Nigerian Oil Minister Diezani Alison-Madueke Cleared in UK Bribery Trial
On Wednesday, June 17, 2026, Former Nigerian Oil minister Diezani Alison-Madueke has been acquitted of bribery charges by a jury at London’s Southwark Crown Court, […]
OPEC
South Africa Secures $150 Million OPEC Fund Loan for Infrastructure Reforms
South Africa has secured a 150-million-U.S.-dollar development policy loan from the OPEC Fund for International Development to support infrastructure reforms aimed at boosting economic growth […]
Angola Bets on Gas Boom as Oil Output Stalls Post-OPEC Exit
Angola is shifting its energy strategy toward natural gas as oil production stagnates, despite its exit from OPEC. Azule Energy, a BP-Eni joint venture, recently […]
March Sees Another Drop in Nigeria’s Crude Oil Production, Reports OPEC
The Organization of Petroleum Exporting Countries (OPEC) reports a further decrease in Nigeria’s daily crude oil production for March. According to OPEC’s data derived from […]
Angola withdraws from OPEC in disagreement with oil quotas
Angola has decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), against a backdrop of disagreement over oil production quotas, deeming it […]
The Opec+ reaches an uneasy agreement on a production cut
An oil production cut is on the way. An agreement was reached by the 23 OPEC+ member States, producers of around 40% of the world’s […]
Angola’s Etu Energias wants to produce 50,000 barrels of oil per day by 2025
Etu Energias, Angola’s largest private oil company, plans to increase production to 50,000 barrels per day by 2025, following the purchase of blocks from Galp […]
Oil Minister says Angola may soon have floating gas facilities
Diamantino Pedro was speaking Tuesday during a ministerial panel at the international Conference Angola Oil & Gas, an initiative of consultancy Energy Capital & Power, […]
Oil production in Angola to fall 20% by 2031
The consulting firm Fitch Solutions believes that oil production in Angola will fall 20% by 2031 due to maturing oil wells and a chronic lack […]
Equatorial Guinea: President Obiang Nguema Mbasogo received a delegation from OPEC
The President of the Republic, Obiang Nguema Mbasogo, has granted an audience this Monday to a high delegation of the Organization of Petroleum Exporting Countries, […]