The holding company to fast track development of the proposed East African Crude Oil Pipeline (EACOP) is expected to come into force by September while construction is scheduled to kick off in the second half of 2022, according to an official media release. The EACOP general manager, Mr Martin Tiffen recenctly stated that the company […]

A pipeline leak at Libya’s Samah oilfield may pause pumping operations, an oil engineer there and an oil source at Waha Oil Company said. Samah feeds the Es Sider oil terminal and an oil official at the Port Said Waha oil production is currently about 285,000 barrels a day. A leak repeated leaks are being […]

The Algerian government has recently examined two draft executive decrees defining the procedures for obtaining authorizations to construct structures for pipeline transportation of petroleum products, and a pipeline transportation system. This new development the countrys oil and gas sector , was done during its executive meeting chaired by Prime Minister Abdelaziz Djerad, According to a […]

Colonial Pipeline said its main fuel lines remained offline after the attack that shut the system on , but some smaller lines between terminals and delivery points were now operational. Though accusing fingers were pointing towards Russia, but it has denied all allegations of being responsible on the alleged pipelines cyberattack.  President Joe Biden  in reaction […]

Baoshan Iron & Steel Co. Ltd, the main listed subsidiary of the world’s largest steelmaker has announced that its net profit soared by nearly two and a half times in the first quarter, as rising prices for the metal continue to swell the coffers of Chinese mills. The company also known as Baosteel, posted net […]

The prolonged dispute over who controls pipeline surveillance contract has turned deadly as one person is feared dead and several others injured in a gun battle in Bilabiri community, Ekeremor Local Government Area of Bayelsa State. Our correspondent gathered that the gun duel by two rival youth groups in the area was a battle of […]