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…
Worry over South Africa’s empty oil reserves
South African lawmakers said they’re concerned about “insufficient” strategic oil stockpiles after visiting a government-owned crude-storage hub. The Strategic Fuel…
Modec to refurbish FPSO Baobab Ivoirien
The UAE’s Drydocks World has been awarded the contract for the refurbishment and life extension of the FPSO Baobab Ivoirien…
FG of Nigeria launches N2.5 billion credit scheme for CNG conversion, kits manufacturing
The Federal Government of Nigeria has launched a Credit Scheme worth N2.5 Billion to encourage the conversion of vehicles to…
Oando’s financial woes raise eyebrows over T&T refinery deal
Nigerian energy company Oando PLC, the Government’s preferred bidder for the lease of the Pointe-a-Pierre refinery, has been struggling financially.…
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…
Nigeria FG expands crude oil portfolio, unveils Obodo grade
A new Nigerian crude grade, medium sweet Obodo, is set to enter the market in April 2025. According to Argus…
ADNOC’s XRG Acquires Galp’s Stake in Mozambique LNG Project
XRG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of a 10% interest in…