The 31 member countries of the governing board of the International Energy Agency (IEA) have agreed to release 60 mmbbl of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine
Exploration
Eco (Atlantic) Oil and Gas signs rig contract with Island Drilling Company
Eco (Atlantic) Oil & Gas has announced that the JV partnership of Block 2B, offshore South Africa, has entered into a drilling contract for the Island Innovator semi-submersible rig with Island Drilling Company for the upcoming drilling of the Gazania-1 well
Scaling up oil and gas trade in Senegal
OMA Logistics Senegal’s Country Manager Kurven Monien speaks exclusively with Oil Review Africa about the country’s energy sector expansion
Majors exit Russia investments
Shell has joined bp and Equinor in announcing its exit from its Russia joint ventures, with more companies expected to follow suit following Russia’s invasion of Ukraine
Nigeria takes lead in exploration, production and regulation in 2022
Nigeria is set to maintain its position as one of Africa’s leading crude oil producers as well as one of the continent’s top three gas suppliers between 2022 and 2025, the African Energy Chamber’s (AEC) Q1 2022 outlook