Afentra Strengthens Angola Presence with Block 3/05 Stake, Driving 21,000 BPD Output Independent British oil exploration and production company Afentra has emerged as a major international partner of Sonangol, Angola’s national oil company, according to a statement from Afentra. “In the first half of this year alone, Block 3/05, where Afentra holds a significant stake, recorded an average gross production of over 21,000 barrels of crude oil per day. This confirms the rehabilitation potential of
Libya Targets 2 Million Barrels per Day as NOC Seeks $4 Billion Investment to Boost Oil and Gas Output Libya plans to nearly double its oil production to two million barrels per day by 2027, according to Farhat Bengdara, head of the National Oil Company (NOC). Speaking to Sky News Arabia, Bengdara said Libya currently produces about 1.2 million barrels per day and anticipates revenues of $35–$37 billion this year. He emphasized that the country
TotalEnergies Expands Deepwater Exploration with New Offshore Blocks in Liberia TotalEnergies has signed new agreements to explore offshore Liberia, securing acreage awarded under the country’s latest licensing round. The blocks are located in the southern end of the Liberia Basin, opening fresh opportunities in deepwater exploration. As part of its initial commitments, the French energy major will conduct a detailed seismic study to evaluate the subsurface potential, laying the groundwork for wider exploration campaigns in
Egypt’s EGPC and Nigeria’s NNPC Forge Partnership to Strengthen Refinery Operations and Gas Infrastructure The Egyptian General Petroleum Corporation (EGPC) and the Nigerian National Petroleum Corporation (NNPC) have signed a cooperation agreement aimed at expanding the role of Egyptian petroleum companies in Nigeria’s development projects. The deal builds on Egypt’s growing footprint in African energy markets and the proven track record of Egyptian Projects Operation and Maintenance (EPROM) in managing Nigerian refineries. The agreement was
Nigeria’s Dangote Refinery Secures First U.S. Gasoline Sales, Proving Capability in Premium Markets Nigeria’s $20 billion Dangote Refinery has reached a major milestone, delivering its first gasoline cargo to the United States after meeting the country’s strict fuel standards. The move signals the refinery’s growing global relevance and its ability to compete in premium markets. The inaugural shipment, carried aboard the tanker Gemini Pearl, was discharged on Monday at Sunoco’s Linden terminal in New York
South Africa Grants Long-Term Durban Oil Hub Leases to BP, Shell, and Vitol Amid Import Dependence South Africa has granted multinational oil majors and traders—including BP, Shell, and Vitol—extended leases at its key petrochemical hub in Durban, ending years of uncertainty over short-term contracts that had threatened investment and supply security. The decision, announced by the Transport Ministry, allows the companies long-term access to the Island View Precinct at Durban port, which handles about 70%
Chevron and Israel Ink $610M Nitzana Pipeline Deal to Expand Gas Exports Amid Regional Tensions Chevron and its partners in Israel’s Leviathan offshore gas field have signed a $610 million agreement with Israel Natural Gas Lines to build the Nitzana pipeline, a strategic project that will transport Israeli natural gas to Egypt. The 65-kilometer pipeline, expected to be operational by 2028, will carry at least 600 million cubic feet of gas per day. Once completed,
IEA: Faster Decline in Oil and Gas Fields Demands Urgent Investment to Maintain Supply The International Energy Agency (IEA) has warned that the natural decline in production from the world’s oil and gas fields is accelerating, driven by growing reliance on shale and deep offshore resources. The trend means companies must significantly increase investment just to keep global output steady. According to the IEA’s latest analysis, without ongoing investment in existing fields, the world would
Dangote Refinery Slashes Petrol Prices to ₦841, Begins Free Fuel Delivery to 11 Nigerian States The Dangote Petroleum Refinery has announced a significant reduction in petrol prices alongside the launch of direct fuel distribution across 11 states, effective Monday, September 15, 2025. In a statement released Thursday on its official X account, the refinery confirmed that pump prices have been lowered to ₦841 per litre in Lagos and the South West, and ₦851 per litre
NUPENG Ends Strike as Dangote Refinery Agrees to Unionize Drivers in Landmark Deal The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its two-day strike after reaching an agreement with the Dangote Oil Refinery and the federal government, ensuring workers’ rights to unionize are upheld. The breakthrough came during a second round of talks on Tuesday, following a failed meeting on Monday. Williams Akporeha, NUPENG’s National President, confirmed that the strike was
