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…
Aquaterra Energy to Support Subsea Well Interventions in Nigeria
Aquaterra Energy has signed a multi-year contract with Intrepid Energy Ltd. (IEL) to provide specialized subsea well intervention equipment for…
South Africa Approves Renewable Energy Masterplan
The South African government has approved the country’s Renewable Energy Masterplan (SAREM), designed to drive investment across the renewable energy…
Golar LNG Secures $1.2 Billion Lease Agreement for Gimi FLNG
Golar LNG, a leading company in marine LNG infrastructure, has finalized a finance lease agreement with a group of Chinese…
NNPC Ltd Nears Public Listing
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparing for…
Petrol Prices Set to Drop in April
South African motorists may soon enjoy lower fuel prices as international oil prices decline and the local currency strengthens. Economic…
Uganda’s $5 Billion EACOP Pipeline Gains Financial Backing
EACOP Ltd has confirmed securing its first allocation of external financing from a group of financial institutions, including Standard Bank,…
PETROAN Clarifies Dangote Refinery Fuel Transactions
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has stated that Dangote Refinery has not commenced selling petroleum…
EACOP Secures Initial External Financing
The East African Crude Oil Pipeline (EACOP), a 1,443-kilometer-long pipeline linking Uganda’s oilfields to international markets via Tanzania’s Port of…
AfDB Allocates $331 Million Investment in Lesotho
The African Development Bank (AfDB) has committed $331 million in investments to Lesotho, aimed at bolstering key sectors such as…
Trans-Saharan Gas Pipeline Feasibility Study Underway
The 4,000-kilometer-long Trans-Saharan Gas Pipeline (TSGP) is set to undergo an updated feasibility study by international energy consultancy firm, Penspen.…
South African Fuel Pricing: Navigating Global Economic Uncertainties
The current fuel pricing landscape in South Africa represents a microcosm of global economic complexities, where international geopolitical events, oil…
Trans Niger Pipeline: Resilience Amidst Infrastructure Challenges
The recent blast and subsequent restoration of the Trans Niger Pipeline encapsulates the complex and often precarious nature of Nigeria’s…
Mozambique’s LNG Landscape: A Complex Geopolitical and Economic Narrative
The potential liquefied natural gas (LNG) developments in Mozambique represent a fascinating intersection of geopolitical strategy, economic potential, and regional…
Dangote Refinery: Transforming Nigeria’s Energy Export Landscape
The Dangote Petroleum Refinery is rapidly emerging as a game-changing force in global energy markets, demonstrating Nigeria’s potential to transition…
Oil Marketers’ Protest Against Dangote Refinery’s Dollar Sales
The Nigerian oil market is experiencing significant tension following the Dangote Petroleum Refinery’s controversial decision to sell refined petroleum products…
Dangote production disrupts EU refining – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) said the Dangote Refinery has significantly reduced Nigeria’s reliance on imported European…
How Nigeria’s $20B Refinery Disrupts European Markets
Two months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and…