Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to ramp up its oil and gas production. The deal signed on Saturday, December 20, in Abuja, is expected to help the indigenous energy firm ramp up its crude oil output to about 100,000 barrels per day and gas to …
Nigeria is to keep its 1.5 million barrels per day oil production as the Organisation of Petroleum Exporting Countries (OPEC) has decided to maintain current crude output levels for member countries until March 2026. The oil producers group took the decision during the 40th OPEC and non-OPEC Ministerial Meeting held on Sunday, November 30, where …
Africa remains a formidable force in the global energy market, anchoring international supply chains and national economies through crude oil production. As the world gradually pivots toward cleaner energy, the continent’s biggest oil producers are balancing rising transition pressure with the need to protect vital export earnings and jobs. Today, five African nations stand at …
