NEITI to Review Oil Asset Divestments in Nigeria
The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced a comprehensive review of divestments involving 26 oil blocks worth $6.03…
Valaris Wins Drillship Contract in West Africa
Offshore drilling contractor Valaris has secured a valuable two-year contract worth $352 million for its DS-10 drillship with an undisclosed…
TotalEnergies Plans Major Drilling Project in Namibia
TotalEnergies EP Namibia B.V. (TEEPNA) and its joint venture partners—Impact Oil & Gas, NAMCOR, and QatarEnergy—have unveiled plans to drill…
Egypt’s Orascom to Build Power Plant in Saudi Arabia
Egyptian engineering company Orascom Construction and Spanish contractor Técnicas Reunidas have been awarded a substantial $2.6 billion contract to build…
Uganda Signs Refinery Implementation Agreement with UAE Firm
The Ugandan government has signed a landmark implementation agreement with UAE-based Alpha MBM Investments LLC for the construction of a…
Mozambique Cooking Gas Factory Nears Completion
Sasol’s cooking gas production factory in Temane, Inhambane province, is now 80% complete and scheduled to open in September 2025.…
Mozambique: Government Admits Gas Stations’ Difficulties in Obtaining Bank Guarantees
The Mozambican Minister of Mineral Resources and Energy has acknowledged that gas stations in the country are experiencing difficulties in…
Fuel Expected to Sell for ‘As Low As ₦750’ Per Litre Before Year End, Says NIPSS
The National Institute for Policy and Strategic Studies (NIPSS) forecasts that with Dangote Refinery and other refineries coming on board,…
65% of Tank Farms Dormant Due to Fuel Subsidy Removal in Nigeria
As the battle to control market share in Nigeria’s downstream sector intensifies, no fewer than 70 tank farm owners have…
Nigerian Government to Implement “Drill or Drop” Policy on IOCs
The Nigerian federal government has called on International Oil Companies (IOCs) operating in Nigeria to ensure development and utilization of…
Nigeria Cuts Oil Production by 50,000 bpd in March as OPEC Tightens Quotas
Nigeria made the biggest oil production cut among members of the Organization of Petroleum Exporting Countries (OPEC) in March, reducing…
Penspen to Lead Feasibility Study for Trans-Saharan Gas Pipeline
International energy consultancy Penspen has been reengaged to update the feasibility study for the Trans-Saharan Gas Pipeline (TSGP). Initially conducted…
Africa Expands Renewable Energy Capacity Amid Global Surge
Africa’s renewable energy sector continues to grow steadily, according to the latest Renewable Capacity Highlights report released by the International…
Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola, and Ghana
In a significant development for Africa’s energy sector, Nigeria, Angola, and Ghana have fulfilled their capital commitments toward establishing the…
Argeo Vessels Secure Day Rate Contracts in South America and Africa
Norwegian subsea services provider Argeo has signed new contracts that will deploy its two vessels offshore South America and Africa…
Petrofac’s Operations Business Secures $500 Million in Contracts
Petrofac’s Asset Solutions division has been awarded a collection of scope expansions and new contracts in the first quarter of…
A CELEBRATION OF A LEGENDARY ICON – PROFESSOR ANTHONY OLUSEGUN ADEGBULUGBE
Happy Platinum Jubilee, Daddy! Today, the heavens rejoice, and the earth celebrates an extraordinary luminary—a man of profound wisdom, unshakable…
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…