America Dominates Dangote Refinery’s Crude Supply Chain Despite Nigeria’s Oil Wealth
America Dominates Dangote Refinery’s Crude Supply Chain Despite Nigeria’s Oil Wealth The United States has emerged as the leading crude oil supplier to Africa’s largest refinery, with American crude accounting for one-third of Dangote Refinery’s purchases this year. Despite Nigeria being Africa’s biggest crude oil producer, the 650,000-barrels-per-day facility has increasingly turned to U.S. WTI […]
GAME-CHANGER: Tanzania Launches $100 Million LPG Terminal Project Set to Slash Gas Prices by 40%
GAME-CHANGER: Tanzania Launches $100 Million LPG Terminal Project Set to Slash Gas Prices by 40% Tanzania’s energy landscape is poised for transformation following the official launch of a $100 million Liquefied Petroleum Gas terminal project that promises to reduce LPG prices by up to 40%. The groundbreaking ceremony was officiated by Deputy Prime Minister Doto […]
Nigeria’s NLNG Train-7 Project Reaches 80% Completion Mark in Major Milestone
Nigeria’s NLNG Train-7 Project Reaches 80% Completion Mark in Major Milestone Nigeria LNG Limited has announced a significant breakthrough in its $10 billion Train-7 gas project, with construction now reaching 80% completion. This represents a substantial jump from the 67% completion rate announced in June 2024, signaling rapid progress on one of Africa’s most ambitious […]
Nigeria’s First Private Crude Terminal Completes Maiden Export After 50 Years
Nigeria’s First Private Crude Terminal Completes Maiden Export After 50 Years In a groundbreaking development that could reshape Nigeria’s oil industry, Green Energy International Limited has successfully completed the first crude oil export from its newly constructed Otakikpo onshore terminal. The historic export was finalized at approximately 2pm on Sunday, June 8, when a Shell-chartered […]
IT IS TIME TO END ENERGY POVERTY IN AFRICA, IT’S TIME TO GET IT RIGHT ATTEND THE INTERNATIONAL AFRICAN ENERGY, OIL AND GAS SUMMIT (IAEOG) NAMIBIA 2025
IT IS TIME TO END ENERGY POVERTY IN AFRICA, IT’S TIME TO GET IT RIGHT ATTEND THE INTERNATIONAL AFRICAN ENERGY, OIL AND GAS SUMMIT (IAEOG) NAMIBIA 2025 WHY THIS SUMMIT MATTERS NOW Africa stands at a critical energy crossroads. Despite being richly endowed with oil, gas, solar, hydro, and wind resources, the continent is facing […]
South Sudan Oil Market Projected to Reach $13.91 Billion by 2032
South Sudan Oil Market Projected to Reach $13.91 Billion by 2032 South Sudan’s oil and gas upstream market is positioned for steady growth, with valuations expected to rise from $9.63 billion in 2024 to $13.91 billion by 2032, representing a compound annual growth rate of 4.7%. Current production stands at 103.76 thousand barrels per day, […]
Nigerian Petroleum Association Endorses Digital Marketplace Platform
Nigerian Petroleum Association Endorses Digital Marketplace Platform The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has officially endorsed Petroleumprice.ng as the authoritative platform for petroleum pricing, industry news, and marketplace services in Nigeria’s downstream petroleum sector. The endorsement follows a comprehensive evaluation of the platform’s contribution to industry transparency and operational efficiency. PETROAN […]
Ghana Launches Ambitious Renewable Energy Program for Rural Communities
Ghana Launches Ambitious Renewable Energy Program for Rural Communities Ghana has officially launched its Scaling-up Renewable Energy Program (SREP) in partnership with the Climate Investment Fund, Swiss Embassy, and African Development Bank. The initiative targets the Bono East, Oti, and Savannah regions, aiming to bridge the rural-urban energy divide through innovative mini-grid solutions. Energy and […]
ReconAfrica Secures C$10 Million for Namibian Exploration Push
ReconAfrica Secures C$10 Million for Namibian Exploration Push Canadian oil and gas company ReconAfrica has successfully raised C$10 million through a public share offering to fund exploration activities in Namibia’s promising Damara Fold Belt. The investment will support drilling of the Kavango West 1X exploration well, the second major prospect in the play, with operations […]
Brazil’s Petrobras Accelerates African Expansion with Nine-Block Côte d’Ivoire Deal
Brazil’s Petrobras Accelerates African Expansion with Nine-Block Côte d’Ivoire Deal Brazil’s state-controlled Petrobras is making significant strides in its African comeback, securing exclusive negotiation rights for nine offshore oil blocks in Côte d’Ivoire. The development follows recent agreements with Angola and advancing discussions with Nigeria, signaling a comprehensive return to the continent after the company’s […]