(Bloomberg) — A South African court overturned a decision granting TotalEnergies SE environmental authorization for an oil exploration block offshore the country’s west coast.The Western Cape High Court ruled that the environmental impact assessment for Total’s Block 5/6/7 was “deeply flawed, failing to address key risks, legal requirements, and public participation,” Green Connection, one of...
Category: Oil and Gas
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Star Oil Investigates Deadly Tanker Crash at Asukawkaw Market
Star Oil Ltd has begun an internal probe into a tragic accident involving one of its Bulk Road Vehicles (BRVs) that occurred on Thursday, August 14, 2025, near Asukawkaw in the Oti Region. The crash left four people dead and 14 others injured after the tanker reportedly veered out of control and ploughed into a...
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Petrol, LPG Prices to Rise Slightly from August 16; Diesel to Drop
Petrol and liquefied petroleum gas (LPG) prices are expected to edge higher from August 16, while diesel will see a slight decline, according to projections from the Chamber of Oil Marketing Companies (COMAC). Pump prices for petrol are forecast to rise between 0.39 and 2.71 per cent per litre, with LPG increasing by as much...
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Venture Global wins LNG arbitration dispute against Shell(Bloomberg) –
Venture Global Inc., one of the largest U.S. exporters of liquefied natural gas, has prevailed over oil giant Shell Plc in an arbitration case over the sale of cargoes from its first export plant, capping a two-year fight.The Virginia-based company welcomed the favorable tribunal ruling in a statement Tuesday and said the decision reaffirmed the...
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Gold-for-Oil Confusion: Think Tank Demands Parliament Grill Finance Minister, BoG Governor
The Institute for Economic Research, Policy, and Practice (IERPP) is demanding that Parliament summon the Minister of Finance and the Governor of the Bank of Ghana to clarify conflicting accounts regarding the country’s Gold-for-Oil (G4O) programme. In a statement issued on Tuesday, August 12, 2025, the think tank expressed “grave concern” over what it described...
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Exxon signs deal to explore Trinidad deepwater blocks, could see $21.7B investment
Exxon Mobil said Tuesday it signed a deal to explore a vast deepwater area offshore Trinidad and Tobago for oil and gas, and the country’s energy minister said the company could spend as much as $21.7B if it finds sufficient reserves. The search will take place off Trinidad’s east coast in a region that spans...
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Nigeria generates N5.21tn from oil sales in H1
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, raked in N5.21tn from the sale of crude oil, gas and other economic activities in the first six months of 2025. It said the revenue inflow represents 42.7 per cent of the record N12.2tn it generated in the entire 2024 fiscal year. The figure, however,...
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Cooking gas prices hit Nigerians hard for fifth straight month
For the fifth month in a row, Nigerian households are feeling the heat, literally and financially, as cooking gas prices climb yet again, leaving many struggling to afford what has become a basic necessity in daily life. “I used to refill my 12.5kg cylinder for about N15,000 last year. Now, it’s over N21,000,” sighed 38-year-old...
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Marketers engage Dangote Refinery ahead August 15 direct supply rollout
Marketers across Nigeria are intensifying engagement efforts with the refinery’s management to secure reliable and cost-effective fuel supplies as Dangote Petroleum Refinery prepares to commence the direct distribution of petrol to the domestic market on August 15. The engagement, according to industry sources, is aimed at securing direct access to refined petrol at stable and...
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Israel’s Leviathan partners seal $35-billion gas export deal with Egypt.
Middle EastLeviathan partners seal $35-billion gas export deal with Egypt$2.4-billion expansion project calls for new offshore gas transmission pipeline.Related To:NewMed EnergyAug. 11, 20252 min readCourtesy NewMed Energy$2.4-billion expansion project calls for new transmission pipeline. The partners in Israel’s Leviathan offshore gas field have signed the largest export agreement in the country’s history, worth up to...