Nigerian Bonny Light Crude Approaches $70 as India Increases Purchases
Nigerian Bonny Light Crude Approaches $70 as India Increases Purchases Nigerian crude prices have risen following Ukraine’s intensified attacks on Russia, raising concerns about potential Russian oil supply disruptions. Nigerian Bonny Light crude oil reached approximately $70 per barrel as Africa’s leading producer exceeded its OPEC+ quota, with prices recovering after weeks of selling pressure. […]
Kenya Establishes High-Level Committee to Fast-Track Oil Development
Kenya Establishes High-Level Committee to Fast-Track Oil Development Cabinet Secretary for Energy and Petroleum Opiyo Wandayi has appointed the First Oil Technical, Commercial and Legal Working Committee to accelerate commercial development of oil discoveries in Block T6 and Block T7. The committee’s mandate encompasses negotiating technical and commercial agreements between the government and contractors while […]
Egyptian Oil Minister Expands Cooperation with Chile’s ENAP Sipetrol
Egyptian Oil Minister Expands Cooperation with Chile’s ENAP Sipetrol Minister of Petroleum and Mineral Resources Karim Badawi has met with Chilean Ambassador Roberto Ebert and ENAP Sipetrol representatives to discuss accelerated cooperation in oil production and potential mining sector partnerships. The discussions focused on expediting ENAP’s operations in the West Amer Area in the Eastern […]
Dubai’s Shelf Drilling Secures $50 Million Contract Extension for West Africa Operations
Dubai’s Shelf Drilling Secures $50 Million Contract Extension for West Africa Operations Dubai-based Shelf Drilling has successfully negotiated a one-year contract extension for the Shelf Drilling Tenacious jackup rig offshore West Africa, extending operations through February 2027. The firm period extension is valued at approximately $50 million, with the client holding an option for an […]
Africa Leads Global Refining Boom with Nigeria’s Dangote Refinery at the Forefront
Africa Leads Global Refining Boom with Nigeria’s Dangote Refinery at the Forefront Africa is positioned to add 1.2 million barrels per day of new refining capacity by 2030, representing one of the fastest downstream expansions globally according to the newly released 2025 OPEC World Oil Outlook. Nigeria’s 650,000-barrel-per-day Dangote Refinery, which began operations in 2024, […]
Senegal Announces End to Gas Imports by 2026, Expects 140 Billion CFA Francs in Annual Savings
Senegal Announces End to Gas Imports by 2026, Expects 140 Billion CFA Francs in Annual Savings Prime Minister Ousmane Sonko has announced that Senegal will completely stop importing natural gas from 2026, citing expected annual savings of 140 billion CFA francs and significant reductions in electricity costs. The bold move comes as local supply from […]
Nigeria Secures Massive 1.3 Billion Gas Supply Deal to Transform Energy Sector
Nigeria Secures Massive 1.3 Billion Gas Supply Deal to Transform Energy Sector In a groundbreaking development for Nigeria’s energy landscape, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Nigerian Liquefied Natural Gas (NLNG) have signed long-term Gas Supply Agreements worth 1.3 billion standard cubic feet per day with multiple joint venture partners. The historic […]
Libya Oil Production Surges Past 1.38 Million Barrels Daily Amid Stability Push
Libya Oil Production Surges Past 1.38 Million Barrels Daily Amid Stability Push Libya’s National Oil Corporation (NOC) has achieved a significant milestone with crude production exceeding 1.38 million barrels per day, marking a crucial step in stabilizing the country’s vital energy sector. The state-run company reported crude oil output at 1,380,858 barrels on Saturday, […]