LOCAL REFINERIES SLASH NIGERIA’S FUEL IMPORTS BY 67% AS DOMESTIC PRODUCTION SOARS
Nigeria’s petrol imports have plummeted by 67 percent since August 2024, dropping from 44.6 million litres daily to just 14.7…
AMBITIOUS NEWCOMER TARGETS 70% PRODUCTION BOOST IN CONGO’S OIL SECTOR
Ammat Global Resources, which entered Congo’s upstream sector in July 2023, has unveiled plans to increase production by approximately 70%…
SPIE SECURES FIVE-YEAR MAINTENANCE DEAL FOR ANGOLA’S STRATEGIC OFFSHORE BLOCK
SPIE Global Services Energy has landed a significant five-year maintenance contract with Angola’s national oil company Sonangol for the strategic…
GHANA PREPARES FOR HISTORIC DRILLING IN UNTAPPED VOLTAIAN BASIN AS COUNTRY COURTS NEW ENERGY INVESTORS
EXPLORCO, the exploration arm of Ghana’s national petroleum corporation, is set to make history with its first exploration well in…
SUBSIDY REMOVAL DRIVES 17 MILLION LITER DROP IN NIGERIA’S DAILY FUEL CONSUMPTION
Nigeria’s average daily petrol consumption has plunged by 17.1 million litres since the removal of fuel subsidies in May 2023,…
NIGERIA MOVES TO CREATE STRATEGIC OIL RESERVE TO SHIELD ECONOMY FROM GLOBAL SHOCKS
Nigeria plans to establish a national strategic petroleum products stockpile this year to protect its economy against international market disruptions,…
FUEL PRICE RELIEF ON HORIZON: LANDING COST DROPS TO N853 AS MARKETERS SECURE MASSIVE IMPORT APPROVAL
Nigerian motorists may soon experience price relief at the pumps as the landing cost of imported petrol has dropped to…
NAMIBIAN GOLD: GALP STRIKES 700 MILLION BARREL JACKPOT IN ORANGE BASIN
Portuguese energy giant Galp Energia has confirmed a massive 700 million barrel increase in its potential oil and gas reserves…
ReconAfrica Ramps Up For Mega Drilling at Prospect I, Namibia
Reconnaissance Energy Africa (ReconAfrica) is gearing up to drill one of its biggest oil and gas prospects yet—Prospect I, located…
ReconAfrica Ramps Up For Mega Drilling at Prospect I, Namibia
Reconnaissance Energy Africa (ReconAfrica) is gearing up to drill one of its biggest oil and gas prospects yet—Prospect I, located…
Tullow Oil Pulls Out of Kenya in $120M Deal with Gulf Energy
NAIROBI — In a major shake-up in East Africa’s oil scene, Tullow Oil has announced a groundbreaking agreement to offload…
Shell Bets Big on Nigeria’s Oil Comeback with $5B Deepwater Project
Shell is doubling down on Nigeria’s oil-rich offshore prospects with a massive $5 billion investment in the Bonga North Deepwater…
ANGOLA HUNTS $4.8B FROM GLOBAL LENDERS TO RESCUE MASSIVE REFINERY PROJECT
Angola’s national oil company Sonangol is aggressively courting international financiers to secure a critical $4.8 billion funding package for its…
SEPLAT DRIVES SUSTAINABLE ENERGY WITH MASSIVE GAS INVESTMENTS
Seplat Energy is championing energy sustainability through significant infrastructure investments and technology deployment, according to COO Samson Ezugworie at the…
TANZANIA’S PRESIDENT STUDIES ANGOLA’S REFINERY SUCCESS STORY
Tanzania’s President Samia Suluhu Hassan toured Angola’s Luanda Refinery in April 2025, marking a significant diplomatic engagement focused on energy…
TRUMP’S RETURN POISED TO ENERGIZE ANGOLA-US OIL PARTNERSHIPS
President Donald Trump’s return to the White House signals a potential renaissance in U.S.-Angola energy relations, with his “drill, baby,…
AFENTRA EYES CONGO WHILE BOOSTING ANGOLAN OIL PRODUCTION
Independent oil and gas company Afentra is considering drilling new exploration wells in Angola’s Block 3/05 by 2026 or 2027…
Tanzania Ignites Gas Boom with $80M Drilling Drive in Mnazi Bay
MTWARA — Tanzania is gearing up for a natural gas production surge, as French energy firm Maurel & Prom prepares…
Race Against the Gas Cliff: Sasol Rolls Out Emergency Plan to Save South African Industry
South African energy giant Sasol has unveiled an emergency gas bridging plan to avert a national energy crisis as domestic…
Fuel Shock: Egyptians Hit with Fourth Fuel Price Hike in 12 Months
In a fresh blow to consumers, Egypt has hiked prices of petrol, diesel, and LPG—marking the fourth increase in a…