The Nigerian Petroleum Training Institute (PTI) has recommended the formal inauguration of the Africa Energy Bank to boost energy access across the continent, stimulate economic growth, and reduce energy poverty. Speaking at the opening ceremony of the 4th Biennial International Conference on Hydrocarbon Science and Technology in Abuja, themed “Transforming Africa’s Hydrocarbon Sector: Balancing Growth,...
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Nigeria set to Demand Higher OPEC Quota – Petroleum Minister
Due to observed drop in oil theft, all things being equal and in view of rising crude oil production output in the country, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said that Nigeria will demand a higher oil production quota at the next meeting of the Organisation of Petroleum Exporting...
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Nigeria bets on renewable energy for digital transformation
Nigeria, Africa’s biggest economy, is leaning on renewable energy and digital innovation to accelerate economic inclusion, drive rural transformation, and prepare its workforce for the future. Director-General of the National Information Technology Development Agency, Kashifu Inuwa, said at the World Bank and IMF annual meetings in Washington that clean energy is a fundamental enabler of...
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Energy Minister Reaffirms TOR’s Strategic Role in Ghana’s Energy Security and Industrial Growth
The Minister for Energy and Green Transition, John Jinapor, has reaffirmed the strategic importance of the Tema Oil Refinery (TOR) to Ghana’s energy security and industrial development during a working visit to the refinery and the Ghana Grid Company (GRIDCo). The visit forms part of the Minister’s ongoing mandate to assess and support the performance...
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Energy Minister Commends NPA CEO, Urges Staff Support for Sector Reforms
The Minister for Energy and Green Transition, John Abdulai Jinapor, has called on staff of the National Petroleum Authority (NPA) to rally behind their Chief Executive Officer, Mr. Godwin Edudzi Tameklo, describing him as a dynamic and visionary leader driving transformation within Ghana’s petroleum downstream sector. During a working visit to the Authority on Wednesday,...
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West Africa One of the Most Expensive Places to Drill Oil – Deloitte Report
West Africa remains one of the most expensive regions in the world for oil drilling, making it increasingly difficult for African producers, particularly in Nigeria, to compete globally, according to Deloitte’s latest West African Oil Market Report. The report attributes the region’s high operating costs to elevated cost premiums faced by African independent oil producers....
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Ghana to Account for 20% of $80 Billion West African Oil Market Value by 2033
Ghana is projected to account for 20 percent of West Africa’s estimated $80 billion oil market value by 2033, according to Deloitte’s latest report on the West African Oil Market. This projection translates to a contribution of approximately $16 billion from Ghana to the region’s total market value over the next eight years. Nigeria, the...
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Wingfield Group CEO Named Among Africa’s 100 Most Impactful Energy Leaders
The Chief Executive Officer of Wingfield Group Joshua Narh has been named among the 100 Most Impactful People in Africa’s Energy Sector (2025 Edition) by the Africa Energy Awards, recognizing his outstanding contribution to advancing sustainable and transformative energy development across the continent. In a statement following the announcement, the Wingfield Group CEO Joshua Narh...
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*NIGERIA @ 65: DR WISDOM ENANG HAILS PRESIDENT TINUBU’S BOLD REFORMS, CHARTS PATH TO INDUSTRIAL FUTURE:Weighs in on the Dangote–PENGASSAN dispute and its implications for Nigeria’s economy
Sampson Enyongekere, Uyo As Nigeria marked her 65th independence anniversary on October 1, an Adjunct Professor of the North Dakota University, USA, and an internationally respected Energy Policy and Governance Expert, Engr. (Dr.) Wisdom Patrick Enang, described the milestone as a moment not only for national reflection but also for renewed determination under President Bola...
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The first half of 2025 also saw extraordinary percentage growth among new entrants scaling from low 2024 volumes —
Moari Oil (18,368.76%), Veros Petroleum (4,300.00%), Wabendso Energies (3,288.48%), and Life Energy (3,181.48%) emerged as standout gainers. LPG Market Performance In the LPG segment, Annandale retained the top position with 18.9% market share, despite a slight dip in volumes from the previous year.First Gas rose sharply to 16.3%, taking second place, while Manbah Gas held...