EGYPT AND AZERBAIJAN EXPLORE OIL AND GAS PARTNERSHIP AS CAIRO LAUNCHES NEW BID ROUND
Senior executives from Azerbaijan’s state oil firm SOCAR met with Egyptian officials to discuss establishing a strategic partnership in the…
NIGERIAN BANKS READY TO FUND RENEWABLE ENERGY, BUT BUSINESS PLANS MUST IMPROVE, SAYS REA CHIEF
Nigerian banks are increasingly willing to finance renewable energy projects, according to Rural Electrification Agency (REA) Managing Director Abba Aliyu.…
UAE OVERTAKES CHINA AS AFRICA’S LARGEST INVESTOR WITH MAJOR MOVE INTO MOZAMBIQUE GAS
The United Arab Emirates has deepened its investment footprint in Africa’s oil and gas sector by entering Mozambique’s lucrative Rovuma…
SUN AFRICA AND EGYPT EXPLORE STRATEGIC ENERGY PARTNERSHIPS ACROSS MULTIPLE SECTORS
Renewable energy firm Sun Africa has met with Egypt’s Ministry of Petroleum and Mineral Resources to explore potential collaborations spanning…
DRC FAST-TRACKS OIL DEVELOPMENT WITH DIRECT BLOCK ALLOCATION TO STATE COMPANY
The Democratic Republic of Congo (DRC) Council of Ministers has approved a draft decree granting state-owned oil company SONAHYDROC direct…
BP CELEBRATES MILESTONE WITH FIRST LNG CARGO FROM GROUNDBREAKING AFRICAN PROJECT
BP has successfully loaded its first liquefied natural gas (LNG) cargo from the Greater Tortue Ahmeyim (GTA) Phase 1 project…
Nigerian Giant Walcot Group Clinches 3 Oil Blocks in Angola’s Energy Boom
Nigerian powerhouse Walcot Group has officially secured a production-sharing deal with Angola’s ANPG for three lucrative onshore oil blocks. In…
ReconAfrica and ANPG Strike Bold Exploration Deal in Angola’s Promising Basin
Energy company ReconAfrica has inked a landmark Memorandum of Understanding (MoU) with Angola’s national concessionaire, ANPG, to explore the untapped…
Petrol Wars Ignite! Dangote’s Fuel Still Expensive Despite Global Oil Price Crash
Despite a global free fall in crude oil prices, the Dangote Petroleum Refinery has kept petrol prices high, incentivizing a…
NAIRA-FOR-CRUDE DEAL: WHY FUEL PRICES AREN’T FALLING FASTER
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained that despite the renewal of the naira-for-crude deal between the…
PUMP PRICE PLUNGE: NIGERIA’S PETROL COULD HIT N800 AS CRUDE PRICES TUMBLE
Falling crude oil prices and the resumption of the naira-for-crude arrangement for local refiners could push Nigeria’s petrol pump prices…
REFINING REVOLUTION: 83 COMPANIES SECURE LICENSES AS NIGERIA SLASHES FUEL IMPORTS
The Nigerian government has approved refining licenses for 83 companies with a combined refining capacity of 1,124,500 barrels, according to…
NIGERIA MAINTAINS AFRICAN OIL CROWN DESPITE PRODUCTION DIP
Nigeria retained its position as Africa’s largest crude oil producer in March despite a decline in output, according to the…
RELIEF AT THE PUMPS: GHANAIAN FUEL PRICES SET TO DROP AGAIN
Prices of petroleum products in Ghana are expected to decrease marginally at the pumps from April 16, 2025, according to…
NIGERIA POWERS AFRICA’S GAS CONSUMPTION TO RECORD HEIGHTS
The Gas Exporting Countries Forum (GECF) reports that Africa’s gas consumption is expected to grow by four percent, driven by…
AUSTRALIAN FIRM BETS BIG ON NAMIBIA’S OIL BOOM
Australian independent exploration and production company Grand Gulf Energy has secured an option agreement to acquire a 70% working interest…
SEISMIC BREAKTHROUGH: TGS Unveils Massive Mauritania Data Expansion
TGS has significantly expanded its offshore Mauritania data library, adding over 101,500 sq km of 3D data. This addition complements…
Boom! Nigeria’s Domestic Refining Skyrockets by 670%, Slashing Fuel Imports!
In a historic surge, Nigeria’s domestic refining output skyrocketed by an astonishing 670% in April 2025, significantly reducing reliance on…
Nigerian Crude Triumphs: Sells $4 Above Brent Amid Global Oil Market Chaos!
In a major win for Nigeria’s oil sector, Nigerian crude oil blends closed Tuesday’s session at $68 per barrel—$4 higher…
Shocker: PwC Exits Nine African Countries Amid Strategic Shakeup!
In a stunning retreat, global accounting giant PricewaterhouseCoopers (PwC) has pulled out of nine Sub-Saharan African nations. The firm confirmed…