ADES STRIKES GOLD: $470M Jackup Rig Deals Secured in Saudi Arabia and Egypt
ADES Holding Company has announced contract renewals and extensions worth approximately $470 million for its offshore jackup rigs in Saudi…
DANGOTE GOES GLOBAL: Nigerian Refinery Giant Begins Exporting to Four Continents
Africa’s largest refinery has officially launched international exports of refined petroleum products to markets across Africa, Europe, the Americas, and…
GLOBAL PIPELINE: Vallourec Secures $250M OCTG Deal with Algeria’s Energy Giant
French tubular solutions powerhouse Vallourec has landed a major $250 million contract to supply oil country tubular goods (OCTG) to…
BREAKING: MOZAMBIQUE-ZIMBABWE PIPELINE TO BOOST REGIONAL FUEL SUPPLY BY 67% BY 2027
The Mozambique-Zimbabwe fuel corridor is getting a major upgrade! Companhia do Pipeline Moçambique-Zimbabwe (CPMZ) has announced plans to expand its…
BREAKING: OIL PRICES CRASH BELOW $60: NIGERIA’S ECONOMY ON THE BRINK AS BUDGET PROJECTIONS COLLAPSE
Nigeria is staring down the barrel of another economic crisis as global oil prices plummet to levels last seen during…
BREAKING: FG DECLARES NAIRA-FOR-CRUDE DEAL WITH DANGOTE REFINERY WILL CONTINUE INDEFINITELY
In a bold move to stabilize the local energy market and reduce dependence on foreign exchange, the Nigerian government has…
BREAKING: LIBYA’S INDUSTRIAL REVIVAL: MAJOR METHANOL PLANT BACK ONLINE AFTER 7-YEAR HIATUS
Libya resumed oil production at the Mabruk field after a 10-year halt, starting at 5,000 barrels per day and planning…
BREAKING: SPIE GLOBAL SERVICES ENERGY WINS FIVE-YEAR MAINTENANCE CONTRACT FOR ANGOLA’S OFFSHORE OIL BLOCKS
Within the frame of this contract, SPIE Oil & Gas Services will have permanent teams on each FPSO as well…
BREAKING NEWS: NIGERIA’S PAYHIPPO REBRANDS ASRIVY, SECURES $4M TO CHAMPION CLEAN ENERGYFINANCING ACROSS AFRICA
Payhippo, a Nigerian fintech that formerly provided SME loans, has rebranded as Rivy and raised $4 million in a pre-Series…
Happy Birthday Prince Olusegun Ilori Esq.
Today, we celebrate not just your age, but the impact of your life Sir. You’ve been a father, mentor, and…
Nigerian Troops Cracking Down on Oil Theft in the Niger Delta
In a determined effort to stem the tide of oil theft in Nigeria’s oil-rich Niger Delta, military forces have executed…
Challenges in Lowering Fuel Prices in Nigeria Despite Falling Crude Costs
Even though global crude prices have dropped—recently reaching levels around $64 per barrel for Brent and $59.7 for WTI—Nigerians continue…
Ivorian Refining Company SIR Launches Energy Transition Strategy
The Société Ivoirienne de Raffinage (SIR), Ivory Coast’s principal oil refinery operator, has announced that it will initiate an energy…
Liebherr Supplies Two Offshore Cranes for Agogo FPSO in Angola
Liebherr has secured an agreement to deliver two state-of-the-art offshore cranes—the RL 2600 and its variant, the RL-K 2600—to Singapore-based…
Ghana’s Petroleum Commission Outlines Upstream Investment Opportunities
Ghana is gearing up to reverse production declines in its mature oilfields by inviting fresh upstream investments. The nation’s Petroleum…
BREAKING: Libya Launches First Oil Bidding Round in 17 Years
Libya has announced its first oil exploration and development bidding round in more than 17 years, offering 22 areas under…
BREAKING: Sahara Energy Announces Major LPG Storage Expansion Across Africa
Sahara Energy has unveiled plans to add 68,000 metric tons of LPG storage capacity across multiple African countries. The expansion…
BREAKING NEWS: Borr Drilling’s Rig Contracted for West African Oilfield Revival
Borr Drilling’s affiliate has secured a contract for its modern jack-up rig “Borr Gerd” to conduct a 120-day drilling campaign…
Petrol Prices Expected to Drop as Oil Prices Fall to $65 Per Barrel
Nigerian consumers may soon see relief at the pump as depot prices for petroleum products have begun decreasing following the…
Dangote Refinery Promises to Drive Development of Ancillary Industries
Dangote Industries Ltd. has pledged that its petroleum refinery will drive the development of support industries across Nigeria, including pipelines,…