Kenya Sets Ambitious 2026 Target for Crude Oil Export Launch
Kenya Sets Ambitious 2026 Target for Crude Oil Export Launch Kenya is positioning itself to join the ranks of oil-exporting nations, with Cabinet Secretary for Energy and Petroleum Opiyo Wandayi announcing plans to begin commercial crude oil production and exports by 2026. The East African country’s oil ambitions center on the South Lokichar project, which […]
Nigerian Crude Trades Above Brent as New Export Terminal Emerges
Nigerian Crude Trades Above Brent as New Export Terminal Emerges Nigerian crude oil has gained a slight edge over Brent crude in recent trading, with the country’s major blends commanding premium prices amid dynamic global market conditions. Nigeria’s primary oil blends, including Brass River, Bonny Light, and Qua Iboe, last traded at $67.30 per barrel […]
Dangote Promises Major ‘Shakedown’ of Nigeria’s Oil Sector
Dangote Promises Major ‘Shakedown’ of Nigeria’s Oil Sector Billionaire industrialist Aliko Dangote has teased a massive transformation coming to Nigeria’s downstream petroleum sector, describing it as a complete overhaul rather than simple price reductions. Speaking to journalists following President Bola Tinubu’s recent visit to his $20 billion refinery in Lekki, Lagos, Dangote remained cryptic about […]
Nigeria Faces Critical Oil License Deadline as 40 Permits Set to Expire
Nigeria Faces Critical Oil License Deadline as 40 Permits Set to Expire The Nigerian Upstream Petroleum Regulatory Commission has revealed that several oil companies are scrambling to convert their Petroleum Prospecting Licences to Petroleum Mining Leases as approximately 40 licenses approach their June 27, 2025 expiration date. NUPRC Chief Executive Gbenga Komolafe confirmed that the […]
Russia and Congo Republic Seal Major Oil Pipeline Deal
Russia and Congo Republic Seal Major Oil Pipeline Deal Russian President Vladimir Putin has ratified a groundbreaking agreement with the Republic of the Congo for the construction of a major oil pipeline, marking a significant expansion of Russia’s energy partnerships in Africa. The agreement, officially titled “Federal Law On Ratifying the Agreement between the Government […]
Marketers Call for Further Reduction in Dangote Petrol Prices
Marketers Call for Further Reduction in Dangote Petrol Prices The Independent Petroleum Marketers Association of Nigeria has urged Dangote Petroleum Refinery to reduce its Premium Motor Spirit price below the current N825 per litre, arguing that the facility has sufficient enabling factors to achieve lower pricing. IPMAN Publicity Secretary Chinedu Udadike suggested that petrol should […]
Dangote Refinery Increases U.S. Crude Imports Amid Local Supply Challenges
Dangote Refinery Increases U.S. Crude Imports Amid Local Supply Challenges Nigeria’s Dangote Refinery has significantly increased its reliance on American crude oil, with U.S. imports comprising one-third of the facility’s feedstock in 2025. The 650,000 barrels-per-day Lagos-based refinery has nearly doubled its proportion of West Texas Intermediate Midland crude compared to 2024, highlighting ongoing challenges […]
ExxonMobil Expresses Optimism for Mozambique’s Mega Gas Project
ExxonMobil Expresses Optimism for Mozambique’s Mega Gas Project ExxonMobil’s director of liquefied natural gas operations has expressed strong optimism about the engineering progress of the company’s mega-project planned for northern Mozambique. Justin Cloutier announced that the company is currently working on the design phase and expects positive results from the significant energy and effort being […]
Oil Regulator Defends Controversial Licensing Round Decision
Oil Regulator Defends Controversial Licensing Round Decision The Nigerian Upstream Petroleum Regulatory Commission has firmly defended its decision to award oil blocks to Panout Oil & Gas, an eight-day-old company at the time of bidding, during the 2024 licensing round. The controversial award sparked allegations of regulatory violations and questions about the commission’s adherence to […]
Nigeria and Angola Spearhead Africa’s Drive Toward Energy Independence
Nigeria and Angola Spearhead Africa’s Drive Toward Energy Independence Nigeria and Angola are positioned to lead Africa’s ambitious push for energy independence as the continent’s refining capacity is projected to surge from 45% to 90%, according to the Africa Finance Corporation’s “State of Africa’s Infrastructure Report 2025.” This dramatic increase could fundamentally reshape Africa’s energy […]