The Chartered Institute of Marketing Ghana (CIMG) praised GOIL for delivering high-quality petroleum products and services while meeting the energy sector’s evolving needs in an ethical, safe, and environmentally responsible manner. This year’s award is not the first for GOIL. The company retained its CIMG Hall of Fame status, underscoring its sustained industry leadership and strong...
Category: Oil and Gas
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Nigerian Crude Oil Hits $70/barrel Amid Global Tensions
Nigerian crude settled at about $70 per barrel, up from $68 earlier in the week. This is because U.S. crude inventories have recently decreased. Brent crude, which was trading at $69.3 per barrel on September 26, represents a slight monthly increase of 3 per cent. Nigerian blends usually trade at a slight premium to Brent...
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Tullow Oil Exits Kenya With $120m Sale to Auron Energy
Tullow Oil plc has completed the sale of its entire working interest in Kenya to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, marking its exit from the East African nation after 14 years. The transaction, first announced on July 21, 2025, involved the transfer of 100% of the shares in Tullow Kenya...
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Exxon doubles down on oil, gas, and LNG through 2050
(Bloomberg) – ExxonMobil will pursue fossil fuel growth long into the future to meet demand it says will “not materially change” between now and 2050. The Texas oil major is not concerned with “chasing the narrative of the week” but will invest in oil and gas projects that it believes will be needed for decades...
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Global oil and gas fields shrinking output, IEA urges investment now
The average rate at which oil and gas fields’ output declines over time has significantly accelerated globally, largely due to higher reliance on shale and deep offshore resources, meaning that companies must work much harder than before just to maintain production at today’s levels, according to a new IEA report. The international conversation over the...
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Guyana found huge oil reserves 10 years ago, so why are most people still poor?
With a ‘one-sided’ deal handing vast profits to the world’s top oil firms, many Guyanese ask when the energy bonanza will benefit them.On 18 July, the International Chamber of Commerce approved the attempt by the US energy multinational Chevron to replace Hess Oil as a stakeholder in one of the world’s largest offshore oilfields, Guyana’s...
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First Nigerian Gasoline Cargo Arrives in U.S.
The first cargo of Nigerian gasoline produced at the Dangote refinery has reportedly arrived at its destination in the United States. Reuters, citing unnamed sources in the know and ship-tracking data, said the gasoline cargo was arranged by Sunoco and commodity trader Vitol. VesselFinder reported that Gemini Pearl, a Panama-flagged oil product carrier, was currently...
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Ghana, Eni and OCTP Partners Ink Energy Pact to Expand Oil, Gas and Sustainability Initiatives
Ghana has signed a landmark Memorandum of Intent with Eni and its Offshore Cape Three Points (OCTP) partners — Vitol and the Ghana National Petroleum Corporation (GNPC) — to scale up oil and gas production while accelerating sustainable energy development. The signing ceremony, held at the Kempinski Hotel in Accra during Africa Oil Week, was...
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$121M Oil & Gas Push: Why Egypt’s New Deals Could Shift Africa’s Energy Map.
Agreements serve several important purposes: Investor Confidence – By attracting established companies like Apache, Dragon Oil, and Perenco, Egypt signals to global markets that it remains an attractive destination for oil and gas investment. Job Creation and Services – Exploration projects generate contracts for local drilling services, seismic survey companies, and logistics providers, creating economic...
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APPO Delegation Tours Sentuo Oil Refinery Ahead of CEOs Forum
A high-level delegation from the African Petroleum Producers’ Organization (APPO), comprising CEOs and representatives of National Oil Companies (NOCs), visited the Sentuo Oil Refinery in Accra on Sunday as part of activities leading into the 7th APPO NOC CEOs Forum on Monday, 15th September 2025. The delegation, led by the Acting CEO of GNPC and...