A SEISMIC SHIFT: President Orders Direct Remittance of Oil, Gas Revenues to Federation Account
Nigeria's president has mandated direct remittance of oil and gas revenues to the Federation Account, addressing inefficient spending by the Nigerian National Petroleum Corporation Limited.
NNPC: Nigerian National Plundering Corporation
The article critiques the Nigerian National Petroleum Corporation (NNPC) by drawing an analogy with the dairy industry and highlighting issues of mismanagement and inefficiency.
Oil: Libya Reopens its Doors to Foreign Companies, but Struggles to Attract Interest
For the first time in 17 years, Libya has awarded oil blocks to foreign companies, but the results have been disappointing in terms of participation.
Libya grants foreign oil companies exploration licences
Libya has awarded new oil exploration licenses to several foreign companies for the first time in 17 years, aiming to boost oil production amid ongoing political instability.
Fire at Korea's National Oil Pipeline Corporation Storage Tank Extinguished; 'Static Electricity' Suspected as Cause
A fire at a storage tank of the Korea National Oil Pipeline Corporation in Gyeongsan, South Korea, has been extinguished, with static electricity suspected as the cause.
Explosion at Daehan Oil Pipeline Corporation's Outdoor Tank in Gyeongsan, No Injuries Reported
An explosion occurred at the outdoor tank storage of Daehan Oil Pipeline Corporation in Gyeongsan, South Korea, early on October 10, but no injuries have been reported.
Libya plans to increase its gas production and aims to boost exports to Europe
Libya is planning to increase its natural gas production over the next five years to provide larger quantities for export to Europe by early 2030, according to the head of the National Oil Corporation.