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...
Category: Oil and Gas
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Texas says it’s strict on oil field emissions. New data shows it’s not.
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...
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Marketers continue imports as Dangote petrol arrives US3rd September 2025
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...
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Angola plans first output at Cabinda oil refinery by year-end
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...
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Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity
Nigeria’s Dangote Refinery has for the first time sourced crude oil from Ghana, in a move that reflects its diversification strategy as the $20 billion project works to stabilize output and silence speculation over technical setbacks. Since the refinery began production, the company has sourced crude not only from Nigeria but also fromBrazil, Angola, Ghana,...
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Crude Oil and Refined Products Market Review and Outlook-1st to 15th Sept
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...
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BOST Doubles Profitability in 2024 as Balance Sheet Strengthens
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...
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Ghana Gas dismisses claims of failed Atuabo shutdown, says plant back online:
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...
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Fuel Stations Poised to Become EV Battery Hubs – Jinapor
Ghana’s Minister for Energy and Green Transition, John Jinapor, has hinted that traditional fuel stations could soon evolve into electric vehicle (EV) battery swap hubs as part of the global shift towards clean mobility. Speaking at the Future of Energy Conference, Jinapor said advances in battery technology are making EV batteries smaller, more efficient, and...
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Saudi Arabia and India Top the List of Russia’s Fuel Oil Buyers
Russia’s fuel oil shipments went mostly to Saudi Arabia and India in July as Asia and the Middle East remain the key outlets for Moscow’s fuel oil and vacuum gasoil (VGO) amid import bans and embargoes in the West. Russia’s oil products have been banned in the EU and other Western countries since 2023, so...