Reports say refineries in India are buying Nigerian crude while the country’s Dangote Petroleum Refinery is largely running on American oil. In a twist that underscores the complexities of global oil trade, India’s state refiners are snapping up Nigerian crude oil while Africa’s largest refinery, located in Nigeria, is increasingly importing crude from the United...
Category: Oil and Gas
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Atuabo Gas Plant to Shut Down for Maintenance August 16–30
The Ministry of Energy and Green Transition has given the green light for the Ghana National Gas Company Ltd. (Ghana Gas) to carry out a scheduled maintenance shutdown at the Atuabo Gas Processing Plant from August 16 to 30, 2025. The two-week exercise will involve critical inspections, repairs, and system upgrades aimed at improving the...
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Non-oil exports boom, hit $3.2bn in six months11th August 2025.
Nigeria’s non-oil exports soared to $3.225bn in the first half of 2025, marking yet another milestone in the sector’s growth, the Nigerian Export Promotion Council announced on Sunday. This figure represents a 19.59 per cent increase over the $2.696bn recorded in the same period of 2024. The Executive Director/Chief Executive Officer of the NEPC, Nonye...
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Israel’s Leviathan signs $35 billion natural gas supply deal with Egypt
LONDON/JERUSALEM, Aug 7 (Reuters) – Israel’s Leviathan natural gas field has signed the largest export agreement in the country’s history, worth up to $35 billion to supply gas to Egypt, NewMed , one of the partners in the field, said on Thursday.The deal should ease an energy crisis in Egypt, which has spent billions of...
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Tullow Oil Posts $61 Million Loss for H1 2025 on Lower Oil Prices, Reduced Output
Tullow Oil Plc has reported a loss after tax of $61 million for the first half of 2025, reversing a profit of $196 million recorded in the same period last year, amid declining revenues and lower realised oil prices. Revenue for the period declined sharply to $524 million from $759 million in H1 2024, driven...
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Crude Oil and Refined Products Market Review and Outlook
Heightened geopolitical tensions and hikes in supply-risk premiums resulted in a temporary surge in crude oil prices in June by about 13%. This was largely due to the impact of the Israel–Iran conflict that resulted in the Parliament of Iran threatening the closure of the Strait of Hormuz, which accounts for about 20% of the...
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Guyana gasoline prices now lowest in the Caribbean region.
Guyana recorded the lowest gasoline price in the Caribbean region in July, well below the global average, according to data shared by the Energy Chamber of Trinidad and Tobago last Thursday. The Chamber’s analysis, which drew on figures from globalpetrolprices.com, shows that gasoline in Guyana retailed at approximately US$0.81 per litre in July, compared to...
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Namibia picks South African nuclear tech for Walvis Bay oil refinery.
Namibia has selected South African-developed nuclear technology to power a new oil refinery planned for Walvis Bay, with the project set to be driven by the Dune 7 Special Purpose Vehicle and backed by the Namibian government. The refinery, designed to process 300,000 barrels per stream day (BPSD), will utilise the High Temperature Modular Reactor...
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Where to find oil and gas in the Philippines: Proven reservesIncreased exploration, drilling pace
According to Statista, citing official Department of Energy (DoE) data, the island nation holds 139 million barrels of “proven” reserves, as of 2024. That’s equivalent to an estimated market value of $9.61 billion (based on mid-2025 oil market data). There could be more.The Philippines is said to be “sitting” on a gold mine of untapped...
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Exxon Signs Oil Deal in Libya
Exxon has inked a preliminary deal for exploration at four offshore blocks in Libya after a decade of absence from the country. The news was reported by Libya’s National Oil Corporation, which said the U.S. supermajor will conduct a detailed technical study of the blocks that are located off the country’s northwest coast and the...