Nigeria is set to start exporting a new light, sweet crude grade named Cawthorne in March, the Nigerian National Petroleum Corporation (NNPC) announced, marking a strategic step to increase theCorporation (NNPC) announced, marking a strategic step to increase the country’s crude production and strengthen its position in the global oil market. The move comes amid...
Category: Oil and Gas
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GHEITI urges gov’t to reconsider Ghana Gas aggregator role
By Kizito CUDJOE The Ghana Extractive Industries Transparency Initiative (GHEITI) has urged government to review its decision appointing the Ghana National Gas Company (Ghana Gas) as national gas aggregator, warning that stalled institutional reforms and legal gaps are undermining clarity in the country’s gas governance framework.In its latest report, GHEITI noted that although Cabinet approved...
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Tullow Oil to Acquire TEN FPSO in $205 Million Deal to Cut Costs and Boost Offshore Ghana Field Economics
Tullow Oil acquires TEN FPSO in a $205 million transaction aimed at reducing operational costs and strengthening long-term field economics offshore Ghana.The London-listed independent energy company has signed a Sale and Purchase Agreement to acquire the floating production, storage and offloading vessel, FPSO Prof. John Evans Atta Mills, which serves the TEN fields on the...
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Tema Oil Refinery Denies Shutdown Claims, Announces Capacity Expansion Plan
The Tema Oil Refinery (TOR) has dismissed reports that it has shut down due to a lack of government investment, describing the claims as misleading and inconsistent with its current operational status. Management insists the refinery is neither facing financial distress nor technical collapse but is instead transitioning into a planned operational phase aimed at...
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COMAC, CBOD Condemn Alleged Diversion of LPG Fund to GCMC, Demand Immediate Reversal
The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have strongly condemned what they describe as the unlawful diversion of funds from the LPG Fund to the Ghana Cylinder Manufacturing Company (GCMC) and have called its immediate reversal.In a joint statement, the two industry bodies said they were “appalled”...
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Ghana Gas CEO Joins Sentuo Group to Celebrate Chinese New Year, Strengthening Energy Ties
The Chief Executive Officer of Ghana National Gas Limited Company (Ghana Gas), Ms. Judith Adjobah Blay, joined the Sentuo Group to mark this year’s Chinese New Year, also known as the Spring Festival, at the premises of Sentuo Oil Refinery Company.The celebration brought together industry leaders and key stakeholders, highlighting the spirit of unity, renewal...
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Eni Makes Major Gas Discovery Offshore Ivory Coast
Eni has made a major natural gas and condensate discovery offshore the Ivory Coast in Africa, in part of what is estimated to be the second largest discovery in the country after Baleine, the Italian energy major said on Monday. Eni has focused on exploration offshore Africa in recent years as it looks to boost...
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Azule Energy makes 500-MMbbl offshore oil discovery in Angola Block
The Eni/bp venture Azule Energy and its partners have discovered an offshore well that may hold 500 million barrels of crude, a potential boost to Angola’s efforts to slow declining output. The find was made at the Algaita-01 exploration well in Block 15/06 off Angola, the National Oil, Gas and Biofuels Agency, known as ANPG,...
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GODAC Secures CTVET Accreditation as Technical Training Centre of Excellence
Ghana Oil Drilling Academy and Consultancy (GODAC) has been officially accredited by the Commission for Technical and Vocational Education and Training (CTVET), earning recognition as a Centre of Excellence in Technical and Vocational Education and Training.The accreditation positions the East Legon–based institution as a certified provider of structured technical programmes, enabling students to complete full...
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10 African countries with the largest oil reserves in 2026
Even as global conversations increasingly focus on clean energy, oil continues to play a central role in Africa’s economic narrative, generating government revenue, employment, and strategic geopolitical influence. Libya currently holds Africa’s largest proven oil reserves at about 48.4 billion barrels, ranking ninth in the world, according to the Global Firepower report.Below are the African...