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, […]
The Great Oil Return: Nigeria Rolls Out Red Carpet as Fled Energy Giants Eye Comeback Bonanza
The Great Oil Return: Nigeria Rolls Out Red Carpet as Fled Energy Giants Eye Comeback Bonanza Nigeria is strengthening its position as a top global investment destination, welcoming international partners back to its oil and gas industry with competitive incentives following recent policy reforms. Minister of State for Petroleum Resources Senator Heineken Lokpobiri emphasized President […]
Corporate Graveyard: Namibian Oil Player Dies $260 Million Death as Corruption Scandal Claims Another Victim
Corporate Graveyard: Namibian Oil Player Dies $260 Million Death as Corruption Scandal Claims Another Victim A High Court order has placed Erongo Petroleum CC under final liquidation following months of financial struggles and legal disputes, dealing a decisive blow to the once-prominent petroleum company. The ruling came after Namcor Petroleum Trading and Distribution pressed for […]
West African Energy Takeover: Togo’s Rising Star Swallows Portuguese Giant’s Guinea-Bissau Empire
West African Energy Takeover: Togo’s Rising Star Swallows Portuguese Giant’s Guinea-Bissau Empire Togolese energy company Zener International Holding has acquired the assets of Petrogal Guinea-Bissau, previously owned by Portugal’s Galp Energia, after raising CFA13.5 billion to expand operations in the country. The financing was structured by Ecobank through its subsidiary EDC Investment Corporation, with regional […]
Phoenix Rising: Shell’s Stunning Comeback After $400 Million Namibian Oil Nightmare
Phoenix Rising: Shell’s Stunning Comeback After $400 Million Namibian Oil Nightmare Shell is preparing to resume oil exploration activities in Namibian waters next year, months after surprising industry observers with a $400 million write-down on its key Orange Basin oil discoveries. The British oil major’s Graff discovery, alongside TotalEnergies’ Venus find, transformed the Namibian offshore […]
Drilling Dreams Extended: Chevron’s $50 Million Vote of Confidence Keeps Shelf Drilling’s Angola Romance Alive
Drilling Dreams Extended: Chevron’s $50 Million Vote of Confidence Keeps Shelf Drilling’s Angola Romance Alive UAE-headquartered offshore drilling contractor Shelf Drilling has secured a one-year contract extension for its Tenacious jack-up rig with Cabinda Gulf Oil Company, a subsidiary of Chevron, extending operations until February 2027. The extension, worth approximately $50 million, will begin in […]
Pipeline Power Play: NNPC Unleashes 300 Million Cubic Feet Gas Beast After Years of Delays
Pipeline Power Play: NNPC Unleashes 300 Million Cubic Feet Gas Beast After Years of Delays The Nigerian National Petroleum Company Limited has inaugurated a 113-kilometer portion of the Obiafu-Obrikom-Oben gas pipeline project, which is currently transporting around 300 million standard cubic feet per day. According to NNPC’s latest monthly report, the gas is sourced from […]