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 […]
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 […]