oil

African Oil Discoveries Set to Transform the Global Energy Landscape Imagine a continent rich in energy reserves, like a dormant giant waking to its potential. That's precisely the scene unfolding in Africa's oil sector, according to S&P Global's recent publication, "High Impact Wells 2025". It's noteworthy that Africa has suddenly surged to represent 35% of new oil discoveries in this past year alone. Compare that with a modest 7% just a year before in…

Picture this: A colossal refinery standing tall in Nigeria, not just a symbol of industrial progress but an emblem of a nation's ambition to be a giant in the petrochemical industry. The Dangote Refinery, brainchild of Africa's renowned business magnate Aliko Dangote, is making strategic and daring moves in the global oil market. Their latest venture? A million-barrel crude oil shipment expected from Algeria in mid-March, marking an essential pivot in their crude sourcing philosophy. In the…

In a moment that could redefine Namibia's energy landscape, Gustos Energy has unveiled a substantial oil discovery off the country's coast. This find is not merely a drop in the ocean; rather, it solidifies the Orange Basin as a burgeoning hotspot for hydrocarbon exploration. As reports trickle in from the scene, there's an air of cautious optimism surrounding the implications of this mineral wealth. It's fascinating to witness how exploration efforts, which have unfolded over decades, have finally culminated in such a…

Amid growing discontent, activists have stepped forward, prominently featuring King Okabi from the Ogale community, urging an end to Shell's reckless pollution practices in the Niger Delta. As the legal battle commences between the Ogale and Bille communities and the oil giant, the call for accountability has never been louder. For over six decades, the Niger Delta has suffered under the weight of Shell's negligence. The company’s aging and poorly maintained pipelines have unleashed a torrent of environmental degradation,…

ISTANBUL - In the swirling, azure waters off the coast of Somalia, lies the potential for transformative discoveries in energy. But who would've thought? Turkey's Oruc Reis vessel has recently accomplished a significant milestone. Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources, shared an update on Friday that perhaps invites a moment of reflection on the intricacies of energy exploration. The Oruc Reis, Türkiye's robust seismic exploration vessel, has successfully completed half of its seismic…

KHARTOUM, Sudan - In a saga spun from the pages of a geopolitical thriller, the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF) find themselves tangled in a blame game over a recent event that turned an oil refinery into a smoking ruin, marking yet another milestone in their prolonged three-year conflict. The tension between these groups is akin to a pot on a perpetual boil—always simmering, never cooling. One could not mistake the drama unfolding over the Al-Jaili refinery, which lies…

Mogadishu — Off the shimmering Somali coast, where the endless waves whisper secrets of the deep, a game-changing adventure is underway. Somalia, a nation poised at the crossroads of opportunity and challenge, is setting the stage for what could be its grandest economic revival—or its most precarious gamble. Picture this: a Turkish-owned research vessel slicing through the azure waters, its mission as ambitious as it is daring. By April 2025, the Oruc Reis vessel—Turkey’s pride and joy—aims to uncover untapped oil and gas…

The Ukrainian armed forces recently announced a successful strike on a Russian oil depot, situated several hundred kilometers away from their shared border—a significant supply point for Russia's air capabilities. According to a statement posted on social media by Ukraine's general staff, the attack targeted an oil depot in the Engels region of Saratov, noting that "this facility fueled the Engels-2 airfield, which houses enemy strategic aviation." This airbase is crucial, serving as a hub for strategic bomber aircraft that…

MOGADISHU, Somalia - The forthcoming oil and gas explorations in Somalia promise to transform the country's economic landscape, according to Alparslan Bayraktar, the Turkish Energy Minister. He emphasized the huge advantages awaiting Somalia once this ambitious endeavor reaches its fruition. Alparslan shared his vision for the future, predicting that numerous international corporations will jump on board, significantly invigorating Somalia's economy, which has faced formidable challenges for over thirty years. The…

Alparslan Bayraktar, Türkiye's Energy Minister, shared his thoughts on the nation’s significant oil and gas exploration ventures in Somalia. He labeled the efforts as transformative and hinted that global corporations might want to jump on board with these ventures moving forward. Recently, the Turkish research vessel, Oruç Reis, made its way to Somalia. It's geared up to conduct in-depth seismic explorations to uncover potential reserves of oil and natural gas. During the vessel's reception at the bustling Port of…