Nigeria’s oil and gas industry is quietly entering one of its most stable periods in more than a decade, driven by a convergence of improved security, decisive state action, private-sector innovation, and unprecedented technology deployment across the Niger Delta. The just-concluded 9th African Energy Summit, hosted by Solewant Group at its expansive Industrial Park in...
Category: Oil and Gas
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U.S. seizes Nigerian-owned supertanker for suspected oil theft.
The United States Coast Guard, in a joint operation with the U.S. Navy, has intercepted a Nigerian-owned supertanker, Skipper, following intelligence reports linking the vessel to crude oil theft and piracy. The United States Coast Guard, in a joint operation with the U.S. Navy, has intercepted a Nigerian-owned supertanker, Skipper, following intelligence reports linking the...
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Dangote receives second Ghana crude cargo — Report
The Dangote Petroleum Refinery has taken delivery of its second-ever crude cargo from Ghana, a move that coincides with a sharp reduction in its purchases from Europe as the plant adjusts its slate ahead of major maintenance. Industry tracking data showed that the latest shipment, carrying Ghana’s Sankofa grade, arrived in November, the second time...
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CBOD Urges Corporate Ghana to Broaden ESG Initiatives to Support Vulnerable Groups
The Chamber of Bulk Oil Distributors (CBOD) is urging corporate organisations to expand and diversify their Environmental, Social, and Governance (ESG) initiatives to ensure that vulnerable and marginalised groups benefit more meaningfully from social investment programmes nationwide. This call was made by the Chief Executive of CBOD, Dr. Patrick Ofori, during the commissioning of a...
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Italy’s Eni discovers major gas reserves off Borneo in Indonesia
Italy’s Eni (ENI.MI), opens new tab said on Tuesday it had made a significant gas discovery in an exploration well around 50 kilometres (31 miles) off the eastern coast of Indonesia’s part of Borneo island. Preliminary estimates indicate gas volume of 600 billion cubic feet in the four reservoirs within the well trajectory, with a...
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Star Oil launches fuel now, pay later scheme using Ghanacard and credit scoring system
Star Oil has unveiled a new initiative that allows commercial drivers to buy fuel on credit using their Ghanacard and an individualised credit scoring system, offering much-needed financial relief to thousands of drivers across the country. The concept, dubbed Fuel Now, Pay Later, was announced in a Facebook post by Star Oil, following weeks of...
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Cybele Energy’s Guyana oil deal opens strategic frontiers for Ghanaian investors – Commerce Chamber
Ghanaian businesses should consider turning their attention to Guyana, now one of the world’s fastest-growing petroleum frontiers. This comes after Ghanaian-owned Cybele Energy secured a major offshore oil block that could unlock a new wave of international investment opportunities for local firms.Cybele Energy is expected to sign the Production Sharing Agreement for the shallow-water Block...
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ACEP Cautions Government Against Direct Oil Production Over GNPC’s $1.5bn Governance Failures
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that Ghana should refrain from venturing into state-led oil production, citing severe governance lapses and inefficiencies at the Ghana National Petroleum Corporation (GNPC). Speaking during the NorvanReports, Economic Governance Platform (EGP) and Ghana Anti-Corruption Coalition (GACC) X Space Discussion themed “Beyond...
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Ghanaian company to sign oil exploration agreement with Guyana
Ghanaian-owned energy firm Cybele Energy Ltd is set to make a major stride on the international stage as it prepares to sign an agreement to explore for oil in a shallow-water block in Guyana. The deal, expected to be concluded next Tuesday, December 9, was confirmed by Guyana’s Minister of Natural Resources, Vickram Bharrat, on...
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IET Ghana honours TOR Managing Director for leadership in reviving refinery
The Institute of Engineers & Technology (IET), Ghana has honoured the Managing Director of Tema Oil Refinery (TOR) Ltd., Edmond Kombat Esq., for his exceptional leadership in restoring the country’s premier refinery to productive operation. The recognition was announced at the Institute’s 29th Annual General Meeting and Induction Ceremony held on November 27, 2025, where...