Experts lament as crude shortage, funds ground seven refineries
The persistent unavailability of crude oil has significantly hindered investments in the establishment and full capacity operations of seven new…
Petrol price to rise more as naira-for-crude talks wobble
There is anxiety in the downstream arm of the oil and gas sector as operators await the decision of the…
Mozambique: Germany finances €500,000 green hydrogen study
Mozambique’s and Germany’s governments signed a €500,000 financing agreement on Friday in Maputo to develop the -Green Hydrogen Project- in…
Worry over South Africa’s empty oil reserves
South African lawmakers said they’re concerned about “insufficient” strategic oil stockpiles after visiting a government-owned crude-storage hub. The Strategic Fuel…
Modec to refurbish FPSO Baobab Ivoirien
The UAE’s Drydocks World has been awarded the contract for the refurbishment and life extension of the FPSO Baobab Ivoirien…
FG of Nigeria launches N2.5 billion credit scheme for CNG conversion, kits manufacturing
The Federal Government of Nigeria has launched a Credit Scheme worth N2.5 Billion to encourage the conversion of vehicles to…
Oando’s financial woes raise eyebrows over T&T refinery deal
Nigerian energy company Oando PLC, the Government’s preferred bidder for the lease of the Pointe-a-Pierre refinery, has been struggling financially.…
Experts lament as crude shortage, funds ground seven refineries
The persistent unavailability of crude oil has significantly hindered investments in the establishment and full capacity operations of seven new…
Nigeria FG expands crude oil portfolio, unveils Obodo grade
A new Nigerian crude grade, medium sweet Obodo, is set to enter the market in April 2025. According to Argus…
ADNOC’s XRG Acquires Galp’s Stake in Mozambique LNG Project
XRG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of a 10% interest in…
Aquaterra Energy to Support Subsea Well Interventions in Nigeria
Aquaterra Energy has signed a multi-year contract with Intrepid Energy Ltd. (IEL) to provide specialized subsea well intervention equipment for…
South Africa Approves Renewable Energy Masterplan
The South African government has approved the country’s Renewable Energy Masterplan (SAREM), designed to drive investment across the renewable energy…
Golar LNG Secures $1.2 Billion Lease Agreement for Gimi FLNG
Golar LNG, a leading company in marine LNG infrastructure, has finalized a finance lease agreement with a group of Chinese…
NNPC Ltd Nears Public Listing
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparing for…
Petrol Prices Set to Drop in April
South African motorists may soon enjoy lower fuel prices as international oil prices decline and the local currency strengthens. Economic…
Uganda’s $5 Billion EACOP Pipeline Gains Financial Backing
EACOP Ltd has confirmed securing its first allocation of external financing from a group of financial institutions, including Standard Bank,…
PETROAN Clarifies Dangote Refinery Fuel Transactions
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has stated that Dangote Refinery has not commenced selling petroleum…
EACOP Secures Initial External Financing
The East African Crude Oil Pipeline (EACOP), a 1,443-kilometer-long pipeline linking Uganda’s oilfields to international markets via Tanzania’s Port of…
AfDB Allocates $331 Million Investment in Lesotho
The African Development Bank (AfDB) has committed $331 million in investments to Lesotho, aimed at bolstering key sectors such as…