NIPCO CELEBRATES TWO DECADES OF PERFECT SAFETY RECORD IN DOWNSTREAM OPERATIONS
NIPCO Plc has achieved an extraordinary milestone of zero Lost Time Injuries (LTI) over the past 20 years, establishing itself as a beacon of safety excellence in Nigeria’s downstream petroleum sector, the company announced during World Day for Safety and Health at Work celebrations in Lagos. “A Safe Workplace is a Happy Workplace isn’t just […]
PETROTEC BOOSTS ANGOLA’S FUEL SECTOR WITH CUTTING-EDGE TECHNOLOGY PARTNERSHIP
Leading European fuel equipment manufacturer Petrotec is intensifying its support for Angola’s downstream energy development through advanced technological solutions and strategic collaboration with national oil company Sonangol. In a significant knowledge exchange initiative, Petrotec hosted a high-level Sonangol delegation across its European facilities in 2024, showcasing the latest innovations in fuel mobility technology. The comprehensive […]
NAIRA-FOR-CRUDE POLICY: THE KEY TO UNLOCKING NIGERIA’S ECONOMIC POTENTIAL
Nigeria’s recent extension of its naira-for-crude oil sales program has highlighted both the challenges and opportunities in leveraging the nation’s vast oil resources for sustainable economic development. As the initial six-month arrangement between NNPCL and local refineries approached its March expiration, public concern underscored the critical nature of this policy for national economic stability. Despite […]
MOZAMBIQUE’S $20 BILLION LNG MEGAPROJECT SET FOR MID-YEAR REVIVAL
TotalEnergies and its partners are poised to resume construction on the massive Mozambique LNG project by mid-2025, following successful resolution of financial, security, and human rights concerns that had previously stalled the landmark development. “The site is now secure and ready for construction to begin,” confirmed TotalEnergies CEO Patrick Pouyanné in his announcement of the […]
EGYPT GREENLIGHTS MAJOR OIL EXPLORATION DEALS WITH RUSSIAN ENERGY GIANT
Egypt’s parliament has approved two strategic oil exploration and production agreements with Russian energy powerhouse Lukoil, marking a significant step in Egypt’s push to revitalize its upstream petroleum sector. The landmark deals authorize the Ministry of Petroleum and Mineral Resources to proceed with exploration contracts involving South Valley Egyptian Petroleum Holding Company and Lukoil Overseas […]
DIGITAL REVOLUTION UNLOCKS CONGO’S HALF-MILLION BARREL OIL POTENTIAL
Cutting-edge digital technologies are propelling the Republic of Congo toward its ambitious goal of producing 500,000 barrels of oil daily, according to groundbreaking insights from global geoscience leader TGS. In an exclusive interview during the Congo Energy & Investment Forum, TGS Senior Business Development Manager Jevon Hilder revealed how revolutionary seismic technologies and artificial intelligence […]
AFREXIMBANK LAUNCHES $3 BILLION ENERGY REVOLUTION TO TRANSFORM AFRICA’S OIL FUTURE
African Export-Import Bank has unveiled a groundbreaking $3 billion financing initiative set to revolutionize Africa’s petroleum landscape by transforming the Gulf of Guinea into a global refining powerhouse. The ambitious Revolving Intra-African Oil Trade Financing Programme aims to finance refined petroleum products purchased by African and Caribbean buyers exclusively from African refineries, creating an unprecedented […]
US TO BACK AFRICA’S MEGA GAS PIPELINE WITH POTENTIAL BILLIONS
In a major geopolitical energy shift, the United States has signaled strong interest in financially backing the ambitious Nigeria-Morocco Gas Pipeline, potentially injecting billions into what will become the world’s longest onshore gas pipeline. The groundbreaking announcement came Friday from Nigeria’s Finance Minister Wale Edun following high-level discussions between Nigeria’s Central Bank Governor and US […]