Category: Oil and Gas

LAGOS, Nigeria Nigeria’s domestic petroleum refining industry is projected to receive a significant boost in 2027, with seven additional modular refineries expected to commence operations, adding a combined refining capacity of 83,000 barrels per day (bpd). The projection was disclosed by George Maher-Bonnett of Argus Media during a presentation at the OTL Africa Downstream Conference...

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has called for increased investment in refining capacity, natural gas infrastructure and petroleum distribution as Nigeria seeks to strengthen its energy security and reduce exposure to disruptions in global energy markets. The company highlighted the importance of sustained capital investment, public-private partnerships and regional cooperation in addressing...

The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat has reiterated the refinery’s capability to refine Ghanaian crude contrary to some arguments that TOR lacks that capacity.Addressing a press briefing in Accra on Monday (October 26, 2026) and exhibiting different types of products (crude) that TOR currently refines, Kombat said “in the past,...

Accra, Ghana — The Tema Oil Refinery (TOR) recorded a profit before tax of GH¢1.24 billion in 2025 as management intensifies efforts to restore operations, improve financial performance and expand the refinery’s processing capacity. Managing Director of TOR, Edmond Kombat Esq., disclosed this at the Government Accountability Series (GAS) held at the Jubilee House, where...

MONROVIA, LIBERIA The Liberia Petroleum Refinery Company (LPRC) has announced plans to strengthen Liberia’s petroleum storage capacity and position the country as a regional hub for petroleum products. The announcement was made by the company’s Managing Director, Amos B. Tweh, who spoke during the dedication of the newly constructed petroleum testing laboratory and the groundbreaking...

LAGOS, Nigeria — October 26, 2026 Nigeria’s persistent electricity supply challenges, gas availability and grid reliability will take centre stage as energy stakeholders prepare for the 13th edition of the Nigeria Energy conference, scheduled for October 27–29, 2026, at the Landmark Centre, Lagos. The conference is expected to attract more than 1,500 delegates and feature...

Ghana’s crude oil production recovered in the first half of 2026, but limited development activity across its producing fields raises questions about whether the improvement can be sustained beyond the immediate performance of new wells at the Jubilee Field. The Public Interest and Accountability Committee (PIAC), in its 2026 Semi-Annual Report, recorded a 11.73% increase...

The Tema Oil Refinery (TOR) is considering a listing on the Ghana Stock Exchange as management seeks fresh investment while pursuing the restructuring of an inherited debt burden of approximately $517 million. The Managing Director Edmond Kombat disclosed this during a visit by an International Monetary Fund (IMF) delegation led by the Fund’s Ghana Resident...

Monrovia, Liberia, October 22, 2026. The National Oil Company of Liberia (NOCAL) has convened a strategic meeting with its senior management team to align priorities, identify potential risks, and strengthen decision-making in pursuit of its institutional goals. The meeting emphasized three key priorities:✅ Goal Alignment: Establishing clear objectives and organizational priorities. ✅ Risk Management: Identifying...

Africa will need at least $125 billion in refining investment through 2050 across current projects, future projects and maintenance, Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, said in a fireside chat with Eithne Treanor, Founder and CEO of ETreanor Media, at African Energy Week (AEW) 2026 in Cape Town. OPEC also distributed...