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…
Kaduna Refinery Hits 81% Completion, Set to Boost Nigeria’s Energy Independence
In a major leap towards energy self-sufficiency, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the…
“GAME-CHANGER”: NIGERIAN GAS ASSOCIATION APPLAUDS GOVERNMENT’S PRICE CUT TO FUEL INDUSTRIAL GROWTH
The Nigerian Gas Association (NGA) has praised the federal government’s recent reduction in natural gas prices, calling it a potential…
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…