Sintana Energy has provided an update on its second exploration and appraisal campaign in Namibia’s Orange Basin, a prominent area in global oil and gas exploration on blocks 2813A and 2814B. These blocks are governed by Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia, with Sintana holding an indirect 49% interest in Custos Energy (Pty) Ltd., which in turn has a 10% working interest in PEL 83. Namibia’s National Petroleum
The Public Interest and Accountability Committee (PIAC) has warned that Ghana’s declining oil production is leading to a significant drop in revenue from the oil and gas sector. Although petroleum revenue typically comprises about 7% of government income, it remains crucial for the country’s economic growth. During a consultative workshop in Accra on Wednesday, October 16, PIAC member Constantine K.M. Kudzedi highlighted that Ghana reached peak crude production in 2019 with 71,439,585 barrels, up from
Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has initiated the “Algeria Bid Round 2024,” an international tender offering new opportunities in upstream oil and gas projects, according to local reports. ALNAFT Chairman Mourad Belghem announced the tender at the 12th Africa and Mediterranean Basin Energy and Hydrogen Conference and Exhibition (NAPEC 2024) in Oran. This bid round, the first of several planned over the next five years, will open exploration and production
A new phase of offshore oil drilling is kicking off in Namibia as Saipem SpA’s Santorini drillship arrives at the “Mopane” site, an area marked by a previous discovery from Galp Energia SGPS SA. The drillship, with a destination listed as “Mopane,” reached the field early on Wednesday, October 23. Namibia is set to host at least four drilling campaigns by the end of the year, including projects from oil giants TotalEnergies SE and Chevron
NNPC Ltd’s three refinery complexes in Nigeria, currently undergoing extensive turnaround maintenance (TAM), are not expected to meet the diesel sulfur content regulation limit of below 1,500 parts per million (ppm) upon their commissioning. This exceeds even local regulatory standards for sulfur levels in diesel, reflecting challenges in bringing the government-operated refineries in line with cleaner fuel standards. The NNPC-operated refineries are located in Port Harcourt, Warri, and Kaduna and have been under rehabilitation since
The East African Crude Oil Pipeline (EACOP), a joint project between Tanzania, Uganda, and major external stakeholders TotalEnergies and China National Offshore Oil Corporation (CNOOC), is facing significant financing hurdles. Originally set up to transport oil from Uganda’s Lake Albert reserves to Tanzania’s Tanga port, this $5 billion project has seen its two primary foreign investors step in with additional funding due to debt-financing constraints. The project has attracted criticism from environmental groups and parts
Sonangol, Angola’s state oil company, has signed a memorandum of understanding with the Chinese firm Qinghai Lihao Clean Energy to establish a partnership aimed at developing a photovoltaic solar energy industrial chain in Angola. The agreement focuses on the production of solar panels using locally sourced quartz ore as the primary raw material. According to a statement from Sonangol, the partnership will lead to the creation of a solar panel industry in Angola, integrating quartz
Nigeria appears to be on track to achieving self-sufficiency in petrol production, as recent data reveals a significant decline in the volume of Premium Motor Spirit (PMS) imported in October 2024. This decline follows an increase in PMS production at the Dangote refinery, particularly during the first two weeks of the month. According to a ship-tracking report from S&P Global Commodity Insights obtained by Nairametrics, Nigeria imported 280,400 barrels of gasoline and blend stock during
Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit with the Federal High Court in Abuja, seeking to annul the import licenses granted to the Nigerian National Petroleum Corporation (NNPC), Matrix Petroleum Services, A. A. Rano, and four other oil companies. According to Nairametrics, these licenses permit the companies to import refined petroleum products, but Dangote contends that it produces sufficient quantities of these products to meet local demand, negating the need for imports.
Despite the operation of Nigeria’s largest single-train refinery, the Dangote refinery, marketers continue to rely heavily on imported premium Motor Spirit, commonly known as petrol. Although the Dangote refinery has asserted that it can meet the Nigerian market’s demands, local oil marketers have challenged this assertion. Recent findings by Punch revealed that at least four vessels transporting petroleum products were observed at the borders of Nigeria, contradicting claims that the Dangote refinery can supply the
