MARKET SHOCK: Africa’s Largest Refinery Abandons Local Crude for U.S. Oil Imports
MARKET SHOCK: Africa’s Largest Refinery Abandons Local Crude for U.S. Oil Imports BREAKING – Nigeria’s Dangote refinery, Africa’s biggest crude processing facility, has dramatically shifted its sourcing strategy, with U.S. crude now accounting for one-third of its purchases despite Nigeria being Africa’s largest oil producer. The 650,000-barrel-per-day facility has been increasingly buying West Texas Intermediate […]
ENERGY REVOLUTION: Nigerian Startup Transforms Waste Gas Into Bitcoin Mining Powerhouse
ENERGY REVOLUTION: Nigerian Startup Transforms Waste Gas Into Bitcoin Mining Powerhouse BREAKING – Climate-tech startup Green Flare Holdings has launched a groundbreaking initiative that could revolutionize Nigeria’s energy landscape by converting flared gas into electricity for Bitcoin mining operations. The innovative company, co-founded by Charles Majomi, is tackling one of Nigeria’s biggest environmental challenges while […]
MAJOR DRILLING CAMPAIGN KICKS OFF: Singapore’s Rex International Launches $120M Benin Oilfield Revival
MAJOR DRILLING CAMPAIGN KICKS OFF: Singapore’s Rex International Launches $120M Benin Oilfield Revival Singapore-based Rex International has officially commenced a massive 120-day drilling operation in Benin’s Sèmè oilfield, marking one of West Africa’s most significant oil revival projects this year. The company’s subsidiary Akrake Petroleum is spearheading the ambitious redevelopment of the historic field, which […]
Shell Introduces Advanced Fuel Technology to Kenyan Market
Shell Introduces Advanced Fuel Technology to Kenyan Market Vivo Energy Kenya has launched an enhanced range of Shell-branded fuels following five years of development, introducing improved versions of Shell FuelSave Unleaded, Shell FuelSave Diesel, and Shell V-Power Unleaded to the Kenyan market. The reformulated fuels feature enhanced cleaning agents and technologies designed to improve engine […]
Indigenous Nigerian Oil Companies Drive Production Surge Toward Million-Barrel Target
Indigenous Nigerian Oil Companies Drive Production Surge Toward Million-Barrel Target Local oil producers in Nigeria have significantly increased their contribution to national production, now accounting for over 50% of the country’s crude oil output compared to approximately 40% before international majors began divesting onshore operations. The Nigerian Upstream Petroleum Regulatory Commission data shows indigenous firms […]
Kazakhstan Offers Technical Expertise to Boost Nigeria’s Oil Transportation
Kazakhstan Offers Technical Expertise to Boost Nigeria’s Oil Transportation Nigeria has expressed strong interest in obtaining Kazakhstan’s advanced oil and gas transportation expertise, both overland and maritime, during meetings between Kazakhstan’s Energy Minister Yerlan Akkenzhenov and Nigerian traditional ruler Oba Adeyeye Enitan Ogunwusi. The Nigerian delegation specifically emphasized needs for state-of-the-art transportation methods and specialist […]
SBM Offshore Exits Equatorial Guinea with FPSO Divestment Deal
SBM Offshore Exits Equatorial Guinea with FPSO Divestment Deal Netherlands-based SBM Offshore is completing its withdrawal from Equatorial Guinea through a strategic divestment of its FPSO Aseng interests to the country’s national oil company GEPetrol. The transaction involves SBM’s full equity stake in the lease and operating entities, with operational transition expected to take up […]
Petrobras Declares Interest in Ivory Coast Offshore Exploration Blocks
Petrobras Declares Interest in Ivory Coast Offshore Exploration Blocks Brazilian oil giant Petrobras has submitted declarations of interest for nine exploratory blocks in Ivory Coast’s offshore waters, marking the first phase of the company’s African expansion strategy. The Ivory Coast government’s Council of Ministers has approved the declarations, providing Petrobras with negotiation exclusivity for the […]
Addax Petroleum Secures Extended Drilling Campaign Off Cameroon Coast
Addax Petroleum Secures Extended Drilling Campaign Off Cameroon Coast Addax Petroleum has contracted ADES Holding Co. to provide the Admarine 510 jackup rig for an extensive offshore drilling program in Cameroon waters. The 12-month firm contract, valued at $34.7 million including mobilization costs, includes options for two six-month extensions, potentially extending operations to 24 months. […]
Egypt’s Petrojet Lands $21.76 Million Jordan LPG Infrastructure Deal
Egypt’s Petrojet Lands $21.76 Million Jordan LPG Infrastructure Deal Egyptian construction specialist Petrojet has secured a substantial $21.76 million contract to develop liquefied petroleum gas storage infrastructure in Jordan’s port city of Aqaba. The project involves engineering, procurement, and construction of two spherical tanks, each with 2,000-ton LPG storage capacity, supporting Jordan’s growing energy demands. […]