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oil

New Senate Chair Advocates for Greater Transparency in Nigeria’s Oil Industry

Kawu Sumaila has stepped into the role of Chairman for the Senate Committee on Petroleum Resources (Downstream) and is already raising crucial questions about Nigeria's level of transparency in the oil sector. Taking over this position after the untimely passing of Senator Ifeanyi Ubah, Sumaila shared his vision for combating the pervasive secrecy that seems to cloak the industry like a heavy fog. Historically, Nigeria’s oil industry has faced harsh scrutiny due to its lack of transparency. This sector is not just vital;…

Is Avocado Oil Superior to Olive Oil in Terms of Health? Let’s Explore What Research Reveals.

When it comes to choosing a healthy oil for your kitchen, avocado oil and olive oil are often at the top of the list. Both are rich in heart-healthy fats and offer a range of health benefits, making them popular choices for the health conscious. But while both oils have a variety of culinary uses, there are some key differences. Whether you drizzle them over salad or use them in high-heat cooking like stir-fries, understanding the differences between these two popular oils can help you make more informed choices. So when it…

Africa Oil Week Kicks Off Amid Calls for Investment and ‘Vampire’ Demonstrations

In recent days, a passionate group of environmental advocates filled the streets of Sandton and Cape Town, South Africa, making a resounding call for a boycott of an event known as Africa Energy Week, or Africa Oil Week, happening in Cape Town this week. Following a protest in Cape Town that drew inspiration from horror themes, activist Lisa Makaula had a conversation with Bush Radio’s Renato van Schalkwyk. Makaula emphasized the urgent need for the government to pivot its investments towards renewable energy sources,…

Turkey Claims Significant Advantage from Somali Oil Discovery

MOGADISHU, Somalia — Turkey hails the start of oil and gas exploration in Somalia as a groundbreaking development, marking the beginning of a transformative period. Over the weekend, President Recep Tayyip Erdoğan dispatched vessels to scour Somalia's coast for valuable resources. Alparslan Bayraktar, Turkey's Minister of Energy and Natural Resources, emphasized that deploying the Oruc Reis, a research ship, would bolster Turkey’s energy advancement, pitting it against global contenders. During a ceremonial send-off,…

Oruc Reis from Turkey Embarks on Voyage to Discover Somalia’s Hidden Oil Riches

Mogadishu (AX) — The Turkish research vessel, Oruc Reis, is embarking on a groundbreaking voyage to explore oil off Somalia's coast. This mission heralds a significant step forward in Somalia's quest for economic revolution. This expedition follows deals inked earlier this year, handing Turkish Petroleum the keys to explore three vast offshore blocks. Stretching across roughly 5,000 square kilometers each, this endeavor ranks as one of the most massive energy explorations in the area.The Oruc Reis is poised to reach Somali…

Turkish Energy Minister Announces the Dawn of a New Chapter in Offshore Oil and Gas Exploration

 Türkiye's research vessel Oruç Reis navigates the Bosporus in Istanbul, Türkiye, on October 5, 2024. (AA Photo) Embarking on a new chapter in maritime oil and gas exploration, the Oruç Reis seismic research ship sets sail for Somalia, marking a significant move celebrated by Türkiye's Energy and Natural Resources Minister, Alparslan Bayraktar, on Saturday. Somali officials acknowledge Türkiye's unwavering assistance in enhancing their energy sector.Joining the send-off ceremony alongside President Recep Tayyip Erdoğan,…

Turkish President Erdogan to Participate in Send-off Ceremony for Vessel Commencing Oil and Gas Exploration Near Somalia

Here's a snapshot of Türkiye's seismic research vessel, Oruç Reis, cruising through Türkiye on October 3, 2024. (AA Photo) Mogadishu (AX) – A grand send-off awaits Turkey’s cutting-edge Oruc Reis research ship this Saturday in Istanbul. Alongside Turkish President Recep Tayyip Erdogan, key officials from Somalia will grace the farewell event. The Oruc Reis is embarking on a mission to explore seabeds off Somalia's shores, searching for hidden oil and gas. Somalia's Petroleum Minister, Abdirisak Omar Mohamed, Somali…

Turkish Oil Exploration Ship Set to Arrive Along Somalia’s Coastline

MOGADISHU, Somalia - Anticipation builds as the Turkish ship Oruc Reis heads to Somalia soon, kicking off vital oil exploration along the 3,333 kilometers of coastline, officials relay. Energy Minister Alparslan Bayraktar mentioned the vessel's weekend departure after securing necessary approvals for this East African mission. During an October 2 conference in Ankara, the minister revealed the deployment. Turkey, a significant player in Somalia's security and development, aims to aid the nation grappling with…

Turkey Initiates Oil and Gas Exploration Off the Shores of Somalia

ANKARA - Come this weekend, Turkey's ship Oruc Reis will journey into the waters off the coast of Somalia, commencing a daring adventure to discover oil and gas treasures beneath the waves. The Turkish Energy Ministry made waves with this revelation on Thursday. Having inked a deal in March, Turkey and Somalia are ready to explore a significant stretch of about 5,000 square clicks, searching for that elusive black gold. Standing by to cheer the vessel off on Saturday morning is none other than President Recep Tayyip…

Iraqi Militia Warns of Halting Oil Supply, Putting Europe’s Winter Energy in Jeopardy

Iraqi Militia Threatens to Halt Oil Exports, Europe's Winter Energy Security at Stake BAGHDAD, Iraq — An influential figure from Iraq's Popular Mobilization Units (PMU) has sounded a grave alert about the ripple effects of potential warfare in the Middle East on global energy resources. Sharing his thoughts over social media, he proclaimed, "If war erupts, not a single barrel of oil or cubic meter of gas will exit the Middle East. Winter looms…

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