Category: Oil and Gas

Tullow Oil has announced the appointment of Ian Perks as its new Chief Executive Officer, underscoring the company’s renewed focus on its African portfolio. Perks, who succeeds Rahul Dhir, assumes leadership at a pivotal time as Tullow seeks to consolidate its position as a leading independent energy producer in Africa. His appointment is expected to...

Equatorial Guinea will launch its highly anticipated EG Ronda 2026 licensing round at this year’s African Energy Week (AEW) later this month. The licensing round forms part of the country’s broader strategy to revitalize its upstream sector, attract new investment and unlock exploration and production opportunities offshore.In preparation for EG Ronda 2026, the Ministry of...

Shell’s return to Angola after a 20-year hiatus highlights a shift in sentiment toward the nation’s oil sector, as reforms aimed at attracting global capital start to show results. Shell, alongside Chevron and Sonangol EP, signed deals with the National Agency of Petroleum, Gas and Biofuels for Block 33 in the Congo Basin, ANPG board...

Texas’ rubber-stamp system allows drillers to release vast amounts of natural gas into the atmosphere.Hakim Dermish moved to the small South Texas town of Catarina in 2002 in search of a rural lifestyle on a budget. The property where he lived with his wife didn’t have electricity or sewer lines at first, but that didn’t...

The Dangote Petroleum Refinery last week made its first Premium Motor Spirit (petrol) shipment to the United States, while local marketers insisted on fuel importation. This confirmed earlier reports that the refinery is exporting more fuels following the shutdown of some foreign refineries for maintenance. According to S&P Global, 300,000 barrels of petrol left Nigeria...

Angola’s planned 30,000-barrel-per-day Cabinda oil refinery, the first to be built since independence a half-century ago, will begin producing fuel by year-end, the Southern African country’s oil and gas minister said on Monday.The project, which will be Angola’s second oil refinery, will help make sub-Saharan Africa’s No.2 crude producer less dependent on costly fuel imports...

Crude oil prices in the global market declined by about 3.69% compared to the previous pricing window, demonstrating the sector’s recovery from the geopolitical tensions in Q2 that spiked prices considerably around the period. Pump prices are expected to edge slightly in the coming window (1st to 15th September) due to the depreciation of the...

The Bulk Oil Storage and Transportation Company (BOST) closed 2024 with one of its strongest performances to date, nearly doubling profit after tax on the back of tighter cost controls, improved asset utilization, and a significantly stronger capital base. Profitability Metrics Profit after tax rose to GHS 398 million in 2024, up from GHS 208...

Ghana National Gas Limited Company (GNGLC) has dismissed reports circulating on social and traditional media suggesting that the planned maintenance shutdown of the Atuabo Gas Processing Plant was unsuccessful.In a statement signed by Head ofCorporate Affairs, Richard Ernest Kirk-Mensah, the company described the claims as false and misleading. “The maintenance exercise was successfully completed ahead...