Petrobras Gains Exclusive Access to Ivory Coast’s Deepwater Exploration Blocks
Petrobras Gains Exclusive Access to Ivory Coast’s Deepwater Exploration Blocks Brazilian state oil giant Petrobras has secured exclusive negotiation rights for nine offshore exploratory blocks in Ivory Coast’s western sedimentary basin, marking a strategic expansion into largely unexploited West African deepwater opportunities. The government granted exclusivity following Petrobras’s formal declaration of interest in the promising […]
SBM Offshore Completes Strategic Exit from Equatorial Guinea Operations
SBM Offshore Completes Strategic Exit from Equatorial Guinea Operations Dutch offshore energy services company SBM Offshore has finalized its complete withdrawal from Equatorial Guinea through the divestment of its FPSO Aseng operations to GE Petrol, the country’s national oil company. The strategic move represents a significant shift in the company’s global portfolio as it focuses […]
Uganda Navigates Fuel Crisis with Strategic Tanzania Route Activation
Uganda Navigates Fuel Crisis with Strategic Tanzania Route Activation Uganda’s national oil company UNOC successfully managed a potential fuel crisis by activating emergency importation operations through Tanzania after disruptions along the primary Kenyan supply route threatened national fuel security. The strategic contingency operation involved importing 35 million liters of petroleum products via the longer Tanzanian […]
Eco Atlantic Secures Strategic Orange Basin Block Control in South Africa
Eco Atlantic Secures Strategic Orange Basin Block Control in South Africa Canadian oil and gas company Eco Atlantic has significantly expanded its Southern African footprint by securing operatorship and a 75% working interest in Block 1, strategically positioned in South Africa’s highly prospective Orange Basin. The formal approval from South Africa’s Department of Mineral and […]
Air bp Strengthens African Footprint Through Strategic Angola Partnership
Air bp Strengthens African Footprint Through Strategic Angola Partnership British aviation fuel supplier Air bp is expanding its African operations through a comprehensive technical services agreement with Sonangol, Angola’s state-owned oil company. The partnership represents another strategic milestone in Air bp’s 80-year history of African operations, demonstrating the company’s commitment to supporting local aviation sector […]
Nigeria Pioneers Clean Energy Transformation with First North-East Gas Hub
Nigeria Pioneers Clean Energy Transformation with First North-East Gas Hub Nigeria has achieved a significant milestone in its energy diversification journey with the inauguration of the country’s first Liquefied to Compressed Natural Gas facility in Yola, Adamawa State. The groundbreaking project, developed through a partnership between the federal government and Greenville LNG, represents a $1 […]
Ghana Secures Oil Future with Historic $2 Billion License Extension Deal
Ghana Secures Oil Future with Historic $2 Billion License Extension Deal Ghana has locked in its energy future through a landmark agreement extending major offshore oil production licenses until 2040, representing one of the most significant long-term commitments in West African oil development. The comprehensive Memorandum of Understanding involves Ghana’s government, Tullow Oil, Kosmos Energy, […]
Angola’s Refining Revolution: $4.8 Billion Push Toward 445,000 BPD Capacity Target
Angola’s Refining Revolution: $4.8 Billion Push Toward 445,000 BPD Capacity Target Angola is making headlines with an aggressive downstream expansion strategy that could transform sub-Saharan Africa’s second-largest oil producer into a regional refining powerhouse. Dr. Luis Fernandes, Director General of the Petroleum Derivatives Regulatory Institute, announced the country’s ambitious drive to achieve 445,000 barrels per […]
Nigeria Launches Massive $25 Billion Gas Pipeline Project to Supply Europe
Nigeria Launches Massive $25 Billion Gas Pipeline Project to Supply Europe In a groundbreaking development that could reshape West African energy exports, Nigeria has announced plans for a massive $25 billion gas pipeline connecting its vast gas reserves directly to European markets via Morocco. Vice President Kashim Shettima confirmed the ambitious project during high-level discussions […]
West African Crude Markets Maintain Stability Amid Asian Competition
West African Crude Markets Maintain Stability Amid Asian Competition West African crude differentials remained stable on Tuesday as medium-grade crude faces increasing competition from Middle Eastern supplies in Asian markets, according to industry analysts. Sparta Commodities analyst Philip Jones-Lux observed that “heavier Arab Gulf crudes are landing comparatively attractively into the Far East, especially when […]