Dangote Slashes Fuel Prices as Global Crude Slumps
The Dangote Petroleum Refinery has announced sweeping reductions across its fuel product prices, cutting the gantry price of Premium Motor…
Nigeria Seals $20 Billion Deepwater Deal — First FID in 17 Years
Nigeria has secured its largest deepwater investment commitment in nearly two decades after President Bola Ahmed Tinubu approved a landmark…
Petrobras Bets Big on Namibia’s Frontier Waters, Eyes Long Road to 2.7 Million Barrels a Day
Brazil’s state oil giant Petrobras has moved to plant its flag in one of Africa’s most exciting new exploration frontiers,…
Dangote Refinery Vows to Keep Nigeria Fueled
Africa’s largest oil refinery is sounding the alarm — and making a promise. As Brent crude surged past $119 per…
Ghana Exports Its Own Oil While Importing Inferior Crude — Government Admits Refinery Is Not Equipped to Process Local Barrels
In a candid disclosure that has reignited debate over Ghana’s energy sovereignty, a senior government official has confirmed that the…
Tullow Oil Banks $36 Million as Kenya Asset Sale Advances — Final $40 Million Payout Locked In Through 2033
Tullow Oil has received the $36 million Tranche B payment from the sale of its entire working interest in Kenya’s…
VAALCO Pivots After Dry Gabon Well — Sidetrack Into Proven Zone Planned for April
VAALCO Energy has confirmed that its Etame West ET-14P exploration well offshore Gabon has come up dry, but the Houston-based…
Algeria Left on the Sidelines as Global Gas Prices Soar — Long-Term Contracts Lock Out Windfall Gains
While spot LNG prices in Asia have jumped 68 percent in a single week and European benchmarks have surged 50…
Libya Could Significantly Reduce Power Generation Costs by Switching from Diesel to Natural Gas
An energy developer working in Libya has laid out an ambitious case for transforming the country’s power sector by replacing…
Shell Strikes Encouraging Gas Signs in Egypt’s Mediterranean — Early Development Decision Could Come as Soon as 2027
Shell has reported positive early results from its Sirius-1X exploratory well in Egypt’s Mediterranean waters, raising the prospect of a…
Libya Strikes Oil Gold: Mabrouk Field Roars Back to Life with 30,000 bpd
Libya’s National Oil Corporation (NOC) has achieved a major breakthrough as production at the Mabrouk oil field surges to between…
Lights On: South Africa’s Lyra Energy Breaks Ground on $240M Solar Plant
South Africa’s renewable energy sector received a major jolt this week as Lyra Energy — a joint venture between Norwegian…
Azerbaijan’s SOCAR Makes Bold African Move — Eyes 10% Stake in Côte d’Ivoire’s Baleine Field
In a significant sign of Azerbaijan’s expanding global energy ambitions, State Oil Company of the Azerbaijan Republic (SOCAR) President Rovshan…
Petrobel Raises Stakes: $460M Investment Plan Targets Egypt’s Next Gas Frontier
Egypt’s Belayim Petroleum Company (Petrobel) has revised upward its investment plan for fiscal year 2025/26 to approximately $460 million, as…
Equatorial Guinea Opens Its Doors: Eni Gets Green Light to Explore Six Offshore Blocks
Equatorial Guinea has signed an oil and gas exploration agreement with Italian energy giant Eni, granting the company a 21-month…
Egypt Turns Up the Gas: New Wells Come Online in the Mediterranean and Western Desert
Egypt’s upstream gas sector is recording tangible gains as two separate companies successfully bring new wells into production, bolstering national…
Harbour Energy Drills Deep into Egypt: New Dissouq Well Hits Production as Nile Delta Plans Expand
Harbour Energy has brought the first well of its recent gas discovery at the Dissouq field into production, lifting the…
Dangote Refinery Steps Up as Global Fuel Supplies Tighten, Shields Nigeria from International Shock
Nigeria’s Dangote Petroleum Refinery & Petrochemicals has declared its commitment to insulating the country from escalating global petroleum supply disruptions,…
Eni Clears Path forMassive Nigeria Deepwater Development After Decade-Long Dispute
Italian energy major Eni has resolved a long-running legal dispute over Oil Prospecting Licence 245 (OPL 245) in Nigeria, unlocking…
Dead Field Springs Back to Life: Benin’s Sèmè Oil Field Resumes Production After Nearly 30-Year Halt
The Sèmè oil field off the coast of Benin has resumed oil flow for the first time in nearly three…